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715 square feet of storage, with two levels of underground parking (538 spaces) and 127 bicycle <br />parking spaces on the Property, Assignor obtained the following approvals and permits from the <br />City: General Plan and Downtown Precise Plan Amendments, a Vesting Tentative Parcel Map, a <br />Downtown Planned Community Permit, and Use Permit, all subject to Conditions of Approval. <br />Prior to issuing the permit approvals, the City Council also approved a California Environmental <br />Quality Act ("CEQA") Guidelines Section 15183 Consistency Checklist which determined the <br />action was exempt from further CEQA review by adopting City Resolution No. <br />("CEQA Consistency Checklist"), This redevelopment and land assembly, including all project <br />approvals, is hereinafter collectively referred to as the "1900 Broadway Commercial/Retail <br />Project." <br />D. Assignor's affiliate, Lane 847 Woodside, LLC, a California limited liability <br />company, has a legal and/or equitable interest in a 41,504 square foot parcel located at 847 <br />Woodside Road, Redwood City, California (Assessor's Parcel Number 059-240-810), depicted <br />and more particularly described in Exhibit A-1 ("Affordable Site"), In order to satisfy the <br />requirements of Article 29 (Requirements for Affordable Housing) of the Redwood City Zoning <br />Code and pursuant to the terms of the Development Agreement, the Assignor agreed to donate and <br />transfer the fee title of the Affordable Site to Assignee for the development of seventy-one (71) <br />affordable residential dwelling units and one (1) manager's unit at the Affordable Site, at the <br />affordability levels specified in the Affordable Housing Plan (hereinafter collectively referred to <br />as the "Affordable Housing Project"), The Assignor, Assignor's affiliate, Assignee, and the City <br />also entered into an Affordable Housing Land Donation Agreement ("Land Donation <br />Agreement"), in which Assignor's affiliate agreed to donate the Affordable Site to Assignee under <br />the terms and conditions of the Land Donation Agreement, including a condition of a recorded <br />affordability covenant restricting the use of the Affordable Housing Site for the use of seventy- <br />one (71) affordable units for a term of not less than fifty-five (55) years ("Affordability <br />Covenant"). Pursuant to Section 2.2(C) of the Development Agreement, Assignor agreed to <br />execute and record this Partial Assignment at the same time that the Affordable Site was <br />transferred to Assignee. <br />E. Prior to or concurrently with entering into the Development Agreement, as <br />indicated by City Resolution Nos. , and as part of the development of the Affordable <br />Site, the City approved an Affordable Housing Plan, an Architectural Permit, Vesting Tentative <br />Parcel Map, Density Bonus with associated Concessions and Waivers, Land Donation, and Land <br />Donation Agreement, all subject to Conditions of Approval, hereinafter collectively referred to as <br />the "Affordable Housing Project Approvals"). Prior to approving the Affordable Housing <br />Project Approvals, the City Council also approved the CEQA Consistency Checklist, which <br />determined the action was exempt from further CEQA review, by adopting City Resolution No. <br />F. Notwithstanding Assignor's separate rights and obligations to construct and <br />develop the 1900 Broadway Commercial/Retail Project under the terms of the Development <br />Agreement, as contemplated in the Development Agreement, Assignor desires to partially assign <br />ATTY/AGR/2024.193 — GATEKEEPER DA -1900 BROADWAY - EXHIBIT G -PARTIAL ASSIGNMENT AND ASSUMPTION <br />REV: 10-22-24 VR <br />Page 2 of 10 <br />