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Agmt25 1900 Broadway Owner LLC
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Agmt25 1900 Broadway Owner LLC
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Last modified
1/22/2025 10:54:25 AM
Creation date
1/22/2025 10:50:44 AM
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Agreement
PROJECT NAME
Affordable Housing Land Donation Agreement
RMP File Number
304
Date
1/21/2025
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The Land Donation Site is conveniently served by SamTrans bus route 278, with regular headways <br />throughout the day. The transit route provides a short ride to the hub at Redwood City Transit <br />Center and meets the requirements for full transit access points per the Tax Credit Allocation <br />Committee's regulations. Here is a link to the SamTrans bus route 278 schedule: <br />https://sfbaytransit.org/samtrans/route/278/schedule and below is a map demonstrating <br />pedestrian path of travel to the bus stop: <br />Atherton Cleaners <br />Safeway 9 <br />Woodside Rd <br />& Union Ave <br />885 Wood <br />Figure 1. Route to Bus Route 178 Stop <br />O 847 Woodside Road <br />at. <br />12.Developer or property owner irrevocably assigns to the City, and grants to the City a security interest <br />in and rights to the following: ail contracts with architects, landscape architects, planners, geologists, <br />surveyors, engineers, economists, or other development consultants entered into for the property to be <br />donated, and all plans, specifications, drawings, data, and studies produced by these architects and <br />development consultants. Developer or property owner shall ensure that the third parties to the <br />contracts referenced above for Project work consent to the assignment of these contracts to Lender. <br />:= Eden will grant the City a security interest in these agreements in tandem with the additional <br />security interests in the site as described above. <br />13. The property meets any additional land donation criteria in the Affordable Housing Guidelines. <br />As of the submittal date, the published Affordable Housing Guidelines contain no additional land <br />donation criteria other than set forth above. See below for compliance with other Affordable <br />Housing Ordinance requirements. <br />Affordable Housing Plan Findings and Conditions — Sections 29.7 D: <br />This Affordable Housing Plan satisfies the required findings and conditions of approval set forth in <br />Sections 29.7 D as follows: <br />13 <br />ATTY/AGR/2024.193.1—AFFORDABLE HOUSING LAND DONATION AGREEMENT- EXHIBIT B- AFFORDABLE HOUSING PLAN <br />REV: 10-22-24 VR Page 13 of 48 <br />
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