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<br />ORIG~~~AL <br /> <br />AGREEMENT <br />FOR <br />HISTORIC PROPERTY PRESERVATION <br /> <br />THIS AGREEMENT, made and entered into this -/CL day of ~ 2008, <br />by and between the CITY OF REDWOOD CITY, a charter city and municipal <br /> <br />corporation of the State of California, hereinafter called ("City"), and Yang Chung Lang <br /> <br />Trust, hereinafter called ("Owner"); <br /> <br />WIT N E SSE T H: <br /> <br />WHEREAS, California Government Code Sections 50280, et. seq. authorize <br /> <br />cities to enter into contracts with the owners of qualified historical property to provide for <br /> <br />the use, maintenance and restoration of such historical property so to retain its <br /> <br />characteristics as property of historical significance; and <br /> <br />WHEREAS, Owner(s) possess(es) fee title in and to that certain real property, <br /> <br />together with associated structures and improvements thereon, and generally located at <br /> <br />812-820 Hopkins Avenue and 1005-1011 Warren Street, Redwood City, California <br /> <br />94063, APN 052-255-050 (hereinafter such property shall be referred to as the "Historic <br /> <br />Property"). A legal description of the Historic Property is attached hereto, marked as <br /> <br />Exhibit "A," and is incorporated herein by this reference; and <br /> <br />WHEREAS, on May 8, 2005, the City Council of the City of Redwood City <br /> <br />declared and designated the Historic Property as a historic landmark pursuant to the <br /> <br />terms and provisions of Chapter 40, Historic Preservation of the Redwood City <br /> <br />Municipal Code; and <br /> <br />WHEREAS, City and Owner, for their mutual benefit, now desire to enter into this <br /> <br />agreement both to protect and preserve the characteristics of historical significance of <br /> <br />ATTY/AGR/2008.108 <br />111308 <br /> <br />1 <br />