Agmt24 Hunter Partners Sequoia, LLC,

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REV: 12-12-24 VR POLICE SUBSTATION LEASE This Police Substation Lease Agreement (“Agreement”) is made and entered into as of 2024, (“Effective Date”) by and between Hunter Partners Sequoia, LLC, a Delaware limited liability company (“Landlord”), and the City of Redwood City, a charter city and municipal corporation (“City”) (Landlord and City are collectively referred to herein as “Parties”). RECITALS A.On December 12, 2023, Landlord acquired the fee interest in the Property (defined below). B.Landlord and City now wish to enter into a lease of the Premises from Landlord to City pursuant to the terms and conditions set forth below. AGREEMENT 1. LEASE. Landlord hereby leases and demises to City, and City hereby leases and hires from Landlord, the Premises (as defined below), for the Term and upon the covenants and conditions set forth herein. 2. TERM. The “Initial Term” of this Agreement shall be for one year beginning on , 2024 (the “Commencement Date”) and terminating on 2025. Landlord and City may agree in writing to extend the Term of the Agreement (“Extension Term”), and any Extension Terms together with the Initial Term shall be referred to as the “Term”. 3. PREMISES. 3.1.Premises. Landlord is the owner of certain property known as Sequoia Station located at 1001-1111 El Camino Real, Redwood City, California, legally described on Exhibit A attached hereto and incorporated herein by reference (“Property”). The defined term “Property” includes the Building, the Common Area, the Premises, and the Improvements (each as defined below). The building itself is identified as “Building” on Exhibit B attached hereto and incorporated herein by reference and hereinafter referred to as the “Building.” The premises being leased to City comprises a portion of the Building, the general location and layout of which is shown on Exhibit B, attached hereto and incorporated herein by reference (“Premises”).The Common Area defined in Section 3.2 below is not part of the Premises. 3.2. Common Area. City may, on a non-exclusive basis, use those areas exterior and interior to the Building designated by Landlord from time to time for the common use of Landlord and City, including but not limited to common corridors, hallways, restrooms, lobbies, telephone areas, utility or telephone ATTY/AGR.2024.221/Hunter Partners Sequoia, LLC (Sequoia Station PD Substation) (Page 1 of 13) December 19, 2024 December 19, 2024 December 18, 2025