Agmt21 1304 GS HIP 1304 ECR, LP - Laserfiche WebLink

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RECORDING REQUESTED BY ) AND WHEN RECORDED MAIL TO: ) ) City of Redwood City ) 1017 Middlefield Road ) Redwood City, California 94063 ) Attention: City Clerk ) (Space Above This Line for Recorder's Use Only) Exempt from recording fee per Gov. Code §27383 SUBDIVISION IMPROVEMENT AGREEMENT South Main — Block F THIS SUBDIVISION IMPROVEMENT AGREEMENT ("Agreement") is made and entered into on this day ofsWf• 23, 2021 ("Effective Date") by and between GS HIP 1304 ECR, LP, a California limited partnership ("Developer"), and the CITY OF REDWOOD CITY, a charter city and California municipal corporation ("City") (together, the "Parties") with reference to the following facts: RECITALS A. Developer is the current fee owner of that certain real property consisting of approximately 0.15 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 November 16, 2020, the City Council of the City of Redwood City adopted, among other approvals, Resolution No. 15908, approving the Vesting Tentative Map for the South Main Planning Area ("Project"), prepared by Talus and dated October 12, 2020 ("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 final 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 Government Code section 66462(a)(1). E. Developer has submitted to City plans, specifications and drawings entitled 1304 ECR Improvement Plans, prepared by Talus and dated May 21, 2021 (the "Improvement Plans"), which, in addition to other improvements, provide for certain on- site public improvements consisting of street and street light improvements, storm drain REV: 08-30-215K ATTY/AGR.2021.230/South Main (Block F - SIA) (Page 1 of 23)