Agmt22 Tri-Party Implementation 1548 Maple, LLC

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ATTY/AGR/2022.014/TRI-PARTY AGREEMENT REV: 01-25-2022 VR 3 H. City desires to revise the Development Agreement to establish a date certain for the County Segment Outside Date and clarify certain related matters. I. County desires to (i) set forth terms under which Developer will demolish all buildings and improvements on the County Property, with costs thereof shared by City and County, including buildings and improvements located outside of the Blomquist County Right-of-Way, subject to City and County’s agreement to reimburse Developer an agreed share of the costs such demolition and the City or County’s agreement to abate certain asbestos, lead based paint and light fixture PCBs from structures on the County Property before Developer commences the demolition, and (ii) obtain the right to use the Temporary Access Road across the City Remainder in connection with development and construction of the Navigation Center. J. As a prerequisite to Developer’s demolition agreements referenced in Recital I, City and County desire to agree between themselves (i) on the specific applicable abatement scope, (ii) which of them will be responsible for engaging appropriate contractor(s) to perform the required abatement work, and (iii) on each of their respective financial commitments for both the hazardous materials abatement and the Developer’s demolition activities. K. City and County also desire to amend and restate their 2020 license agreement on the City-owned property at 1402 Maple Street, Parcel Number 052-392-590, Redwood City, California (“1402 Maple Property”) to (i) extend the license term and change the termination procedures, (ii) expand the County’s permitted uses to include allowing the Developer to use the installed facilities and allowing the County to use the license area for laydown and storage of equipment and materials, (iii) to take into account City’s loss of space which City is currently licensing to various vehicle dealers for vehicle storage, increase the County license fee to a monthly amount equal to the number of parking spaces lost multiplied by the same per-space rate to be charged under the Garage License (defined below), and (iv) either in the amended and restated 1402 Maple Property License or in this Agreement, have City obtain from County a license for an agreed number of parking spaces in the County’s Government Center Parking Structure located at 400 Middlefield Road, Redwood City, CA 94063 (“Garage”), at an agreed per-space rate, which City may sublicense to various vehicle dealers for vehicle storage. In connection therewith, Developer desires to obtain a sublicense to use the installed facilities for a limited term. L. With the exception of the County Navigation Center discussed below, the project- related development activities authorized by this Agreement and the various ancillary agreements attached as exhibits hereto are within the scope of the development program described and evaluated in the Final Environmental Impact Report (“EIR”) for the 1548 Maple Street Project, certified by the City’s City Council on May 7, 2018, pursuant to the California Environmental Quality Act (“CEQA”), Public Resources Code Sections 21000 et seq. and the State CEQA Guidelines (Title 14, Chapter 3 CCR). The City Council has further found in connection with approval of this Agreement that (i) there are no substantial changes to the project which would result in the need for major revisions to the EIR, (ii) there are no substantial changes with regard to the circumstances surrounding the proposed action which would require major revisions to the EIR due to the involvement of new significant environmental effects or a substantial increase in the severity of previously identified significant effects, and (iii) no substantial new information exists which was not previously known which would show that the project has new significant