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D. Lane 847 Woodside, LLC (an affiliated company of Developer and hereinafter
<br />referred to as "Affiliate"), currently has a legal and/or equitable interest in a 41,504 square foot
<br />parcel located at 847 Woodside Road, Redwood City, California (Assessor's Parcel Number 059-
<br />240-810), depicted and more particularly described in Exhibit C ("Affordable Site"). For
<br />purposes of this Agreement, "Affiliated Company" means a corporation, limited liability
<br />company, partnership, trust or business entity controlling, controlled by or under common control
<br />of the Developer. The Affordable S ite is located off-site from the Property, at 847 Woodside Road,
<br />between Horgan Avenue to the south and Orchard Avenue to the north, in a Mixed -Use
<br />Neighborhood zoning district and designated as for Mixed -Use Neighborhood under the City's
<br />current General Plan, The Affordable Site includes an existing church use, subject to a month-to-
<br />month lease, and is located adjacent to multi -family and commercial uses, and a residential
<br />neighborhood to the east of the parcel.
<br />E. In order to satisfy the requirements of Article 29 of the Redwood City Zoning Code
<br />("Affordable Housing Ordinance"), Developer has submitted an Affordable Housing Plan
<br />("Affordable Housing Plan") as part of its project approval application. In the Affordable
<br />Housing Plan approved by the City prior to or concurrently with the approval of this Agreement,
<br />the Developer proposes to donate and transfer, or cause the Affiliate to donate and transfer, the
<br />fee title to the Affordable Site to a City. Council -approved qualifying affordable housing developer
<br />designee ("Affordable Housing Partner"), currently identified as Eden Housing, Inc., a
<br />California non-profit affordable housing developer, for the development of seventy-one (71)
<br />affordable residential dwelling units and one (1) manager's unit, (hereinafter collectively referred
<br />to as the "Affordable Housing Project"). The Developer, the Affordable Housing Partner and
<br />the City are concurrently entering into an Affordable Housing Land Donation Agreement, attached
<br />hereto as Exhibit F, incorporated herein by this reference. Once the land transfer is completed,
<br />Developer proposes to enter into a Partial Assignment and Assumption of Development
<br />Agreement with the Affordable Housing Partner, the form of which is attached as Exhibit G,
<br />incorporated herein by this reference ("Partial Assignment and Assumption Agreement") in
<br />which the Developer shall assign and delegate to the Affordable Housing Partner, and the
<br />Affordable Housing Partner shall assume from the Developer, the rights, title, duties, and interest
<br />of the Developer in this Agreement with respect to the development of the Affordable Site and
<br />construction of the Affordable Housing Project.
<br />F. On October 11, 2010, the City Council of Redwood City ("City Council") adopted
<br />its General Plan, which serves as the blueprint for the growth and development of Redwood City
<br />through 2030. At the same time, the City Council also approved and adopted an Environmental
<br />Impact Report ("General Plan EIR"), which assessed and evaluated the potential environmental
<br />effects of the adoption and long-term implementation of the General Plan under the California
<br />Environmental Quality Act, as set forth in Public Resources Code Section 2100 et seq. ("CEQA").
<br />In addition, on February I3, 2023, and prior to adopting an update to its Housing Element of the
<br />General Plan for the period of 2023 — 2031, and amendments to the Built Environment, Public
<br />Safety, Building Community, and Natural Resources Element ("Housing Element Update"), the
<br />City Council adopted Resolution No. 16124, certifying the Final Environmental Impact Report for
<br />the Housing, Built Environment, Public Safety, Building Community, Natural Resources &
<br />Environmental Justic Elements Update to the General Plan ("Housing Element Update EIR")
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<br />ATTY/AGR/2024.193 - GATEKEEPER DA -1900 BROADWAY
<br />REV: 10-22-24 VR
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