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RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />Attention: City Clerk <br />2025-000641 <br />9:57 am 01/07/2025 AG Fee: NO F,:E <br />Countof Pages39 <br />Recorded in Official Records <br />County of San Mateo <br />Mark Church <br />nnAssessor -County Clerk -Recorder <br />II IIO i1�11 IE�1E11 111 i� 1111111 1�� Illi 1! 11 1 It <br />*$ R 0 0 0 3 5 3 3 3 2 7$* <br />(Space Above This Line for Recorders L . Only) <br />Exempt from recording fee per Gov. Code §27383 <br />SUBDIVISION IMPROVEMENT AGREEMENT <br />557 East Bayshore Road <br />THIS SUBDIVISION IMPROVEMENT AGREEMENT ("Agreement") is made and <br />entered into on this day of 1104OY- I , 2024 ("Effective Date") by and between Redwood <br />Crossing LLC, a California limited liability company ("Developer"), and the CITY OF <br />REDWOOD CITY, a charter city and California municipal corporation ("City") (together, <br />the "Parties") with reference to the following facts: <br />RECITALS <br />A. Developer is the current fee owner of that certain real property consisting of <br />approximately 14.36 acres located within the City of Redwood City, County of San Mateo, <br />State of California, described in Exhibit "A", attached hereto and incorporated herein by <br />reference (the "Property"). <br />B. On December 13, 2022, the Planning Commission of the City of Redwood <br />City adopted, among other approvals, Resolution No. 22-15, approving the Vesting <br />Tentative Map for the 557 E. Bayshore Project ("Project"), prepared by BKF Engineers <br />and dated November 10, 2022 ("Tentative Map"), subject to certain conditions of approval <br />("Conditions"). <br />C. The Conditions require either (1) that certain public improvements for the <br />Project be constructed prior to approval of the parcel map ("Parcel Map"), or (2) that <br />Developer enter into an agreement with City providing for the future construction of such <br />public improvements. <br />D. Developer has submitted the Parcel Map and applied to City for Parcel Map <br />approval without having completed the required public improvements and, therefore, will <br />enter into an agreement with City providing for the future construction and installation of <br />such public improvements, as required by Government Code section 66411.1. <br />E. Developer has submitted to City plans, specifications and drawings entitled <br />557 E. Bayshore Rd. Off -Site Improvement Plans, prepared by BKF Engineers and dated <br />oc-k o— S-"" , 20_gy (the "Improvement Plans"), which, in addition to other <br />improvements, provide for certain on-site public improvements consisting of street and <br />REV: 10-02-24 VR <br />ATTY/AGR.2024.178/Redwood Crossing LLC (557 E Bayshore IA) (Page 1 of 24) <br />,� I <br />