RecDoc 2022-044652 CONF 1601 El Camino Real

Browse Search

RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: City of Redwood City 1017 Middlefield Road City of Redwood City, CA 94063-0391 Attention: City Clerk Recorded for the Benefit of City of Redwood City Pursuant to Government Code Section 27383 2022-044652 CONF County 3:00 pm 06/01/22 AG Fee: NO FEE Count of pages 9 Recorded in Official Records County of San Mateo Mark Church Assessor -County Clerk -Recorder �II i 11 II II 11111 li_11� [II 11 I 1$ _ III Space Above Reserved for Recorder's Use Only - AGREEMENT REGARDING IMPROVEMENTS IN RIGHT-OF-WAY, WAIVER, RELEASE AND HOLD HARMLESS THIS AGREEMENT REGARDING IMPROVEMENTS IN RIGHT-OF-WAY, WAIVER, RELEASE AND HOLD HARMLESS ("Agreement") is entered into as of Ate+ t- 2-5 , 2022 (the "Effective Date"), by and between the City of Redwood City, a charter city and municipal corporation of the State of California ("City") and Kopf & Kopf LLC, a California limited liability company ("Kopf') and IQHQ Elco Yards, L.P., a Delaware limited partnership ("IQHQ" and collectively with Kopf "Owner"). City and Owner may hereinafter be referred to individually as a "Party" or collectively as the "Parties". RECITALS A. Kopf is the owner of that certain real property located at 1601 El Camino Real - Parcel A, Redwood City, California, as more particularly described in Exhibit "A", attached hereto and incorporated herein by this reference (the "Property"). Kopf and IQHQ have entered into a ground lease whereby IQHQ is leasing the Property from Kopf to develop the Property. For purposes of this Agreement the "Property" shall consist of Kopf's fee interest and IQHQ's leasehold interest in that property described in Exhibit A. IQHQ applied to the City for an encroachment permit to install shoring anchors and other improvements (the "Improvements") within the City's right-of-way ("Right -of -Way") adjacent to the Property. B. Owner is installing the Improvements as part of, and as necessary with respect to, the construction of structures on the Property. C. Special Provision No. 9 of Encroachment Permit No. B21-0960 (the "Encroachment Permit"), granting the permit and allowing the construction of the Improvements within the Right -of -Way, requires that Owner remove all of the Improvements, at its own expense, when directed to do so by City. D. Owner desires to abandon in place the shoring piles at least five feet below grade and leave the anchors permanently in the Right -of -Way, and City agrees to such abandonment REV: 04-07-2022 SK ATTY/AGR.2022.065/South Main (Page 1 of 5)