AgdaPkt 2020-06-08 Joint SA PFA - Laserfiche WebLink

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6.E. - Page 72 of 81 RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: The City of Redwood City 1017 Middlefield Road Redwood City, CA 94063 Attn: City Manager Fee Exempt -Gov't Code § 27383 (Space above for Recorder's Use) SHARED PARKING COVENANT THIS SHARED PARKING COVENANT ("Parking Covenant") is made and entered into as of ("Effective Date") by and between the CITY OF REDWOOD CITY, a charter city and California municipal corporation ("City") and WINDY HILL PV FIVE CM, LLC, a California limited liability company ("Developer"). RECITALS A. Developer is the current fee owner of that certain real property consisting of approximately 0.416 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. The Property is located within the Downtown Medical Campus Precise Plan ("Kaiser Precise Plan"), and adjacent to the Downtown Precise Plan ("Downtown Precise Plan"). In contrast to the Kaiser Precise Plan, the Downtown Precise Plan has certain shared parking requirements. C. On February 19, 2019, the Planning Commission of the City of Redwood City adopted, among other approvals, Resolution No. 19-01, approving development of 610 Walnut Street ("Project"), subject to certain conditions of approval ("Conditions"). D. The Project consisted of a reduced amount of parking so long as the parking is "Shared Parking" made available to the public as well as the project, consistent with the standards of the Downtown Precise Plan, which Developer has voluntarily agreed to follow with respect to shared parking requirements. The Project consists of 132 parking spaces provided in both standard parking spaces and with a mechanical lift parking system. The applicant will make the parking available to the general public during non -office hours. The Project includes an "Assisted Parking Program" where valet attendants may need to be on-site as outlined herein to either direct drivers to spaces to self -park or park driver's vehicles as a full valet service depending on the parking spaces that are available. E. As a result, the Conditions require, among other things, that a shared parking covenant be prepared, executed, and recorded prior to Parcel Map approval. a �•i [�Z:��fbl�fl�l 9:7 ATTY/AGR.2020.086/Windy Hill PV Five CM, LLC (Page 1 of 10) 161