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6.C. - Page 4 of 57 RECORDING REQUESTED BY } AND WHEN RECORDED MAIL TO: } } City of Redwood City ) 1017 Middlefield Road ) Redwood City, California 94063 ) Attention: City Clerk ) 2015®093310 CONF 2:46 pm 09/01/16 AG Fee: 117.00 Count of pages 35 Recorded in Official Records County of San Mateo Mark Church Assessor -County Clerk -Recorder IIIIIIIII 1111111 1111111111111111 * R 0 0 0 2 0 8 5 7 3 5* (Space Above This Line for Recorder's Use Only) Exempt from recording fee per Gov. Code § 27383. IMPROVEMENT AGREEMENT Jefferson and Franldin (103 Wilson) 11 TIII R\IPROV�EMENT AGREEMENT ("Agreement") is made and entered into on this - day of 16 20fT("Effective Date") by and between by and between REDWOOD CITY JEF ON, LLC, a Delaware limited liability company ("Developer"), and the CITY OF REDWOOD CITY, a charter city and California municipal corporation ("City"), with reference to the following facts: RECITALS A. Developer is the current fee owner of that certain real property consisting of approximately 1.1 acres located within the City of Redwood City, County of San Mateo, State of California, described in Exhibit A, attached hereto and incorporated herein by reference (the "Property"). B. On October 14, 2014, the Planning Commission of the City of Redwood City adopted, among other approvals, Resolution No. 14-19, approving the Vesting Tentative Map for the 103 Wilson Street Project ("Project"), prepared by BKF Engineers and dated September 17, 2014 ("Tentative Map"), subject to certain conditions of approval ("Conditions"). C. The Conditions require either (1) that certain public improvements for the Project be constructed prior to approval of the parcel map ("Final Map"), or (2) that Developer enter into an agreement with City providing for the future construction of such public improvements. D. Developer has submitted the Final Map and applied to City for Final Map approval without having completed the required public improvements and, therefore, will enter into an agreement with City providing for the future construction and installation of such public improvements, as required by Govermnent Code section 66462(a)(1). E. Developer has submitted to City plans, specifications and drawings entitled Jefferson and Franklin Improvement Plans, prepared by BKF Engineers and dated) 20_6 (the "Improvement Plans"), which, in addition to other improvements, provide for c in on- and off-site public improvements consisting of street and street light improvements, storm drain systems, domestic water systems and sanitary sewer systems for the Project (collectively, "Improvements"). A portion of the Improvements as described in Exhibit B attached hereto and incorporated herein by reference consist of off-site transportation related improvements ("TIF Eligible Improvements") a portion of which are eligible for funding under the City's Transportation Impact Fee program as set forth in Article XV of the Redwood City Code. ATTY/AGRI2015.107IGREYSTAR - 103 WILSON - IA WITH TIF CREDIT Page 1 of 27 REV: 05-28-15 VR *11