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Reso25 16296
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Reso25 16296
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Last modified
4/29/2025 3:59:13 PM
Creation date
4/29/2025 3:56:21 PM
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CC Index
CC Index - Document Type
Resolution
Date
4/28/2025
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EXHIBIT G-2 <br /> <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br /> <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />Attention: City Clerk <br /> <br /> <br />NO FEE FOR RECORDING PURSUANT <br />TO GOVERNMENT CODE <br />SECTIONS 6103 AND 27383 <br /> <br />APN: _________________ <br /> <br />(Space above for Recorder's Use) <br /> <br />This Agreement is recorded at the request <br />and for the benefit of the City of Redwood <br />City and is exempt from the payment of a <br />recording fee pursuant to Government Code <br />Sections 27383. <br /> ASSIGNMENT AND ASSUMPTION AGREEMENT <br />This Assignment and Assumption Agreement (this “Agreement”) is entered into as of <br />_____________, 20___, by and Eden Housing Inc., a California nonprofit public benefit <br />corporation (the “Assignor”), and __________________, a ___________ (the “Assignee”) with <br />the acknowledgement of the City of Redwood City, a California charter city (the “City”). <br /> <br />RECITALS <br />A. Assignor previously entered into that certain Affordable Housing Restrictive <br />Covenant Agreement, dated as of __________ __, 20__ (the “Restrictive Covenant Agreement”) <br />under which the Assignor agreed to restrict the property located at 920 Shasta Street and 122 <br />Buckeye Street, Redwood City, County of San Mateo, State of California, as more particularly <br />described in Exhibit ”A” attached hereto and incorporated herein by this reference (the <br />“Affordable Site”), to develop, construct and operate approximately ninety-nine (99) affordable <br />residential units and one unrestricted manager’s unit (the “Affordable Development”). <br />B. Assignor desires to transfer all of Assignor's interest in the Affordable <br />Development and to assign to Assignee its rights, duties and obligations under the Restrictive <br />ATTY/RESO.0029/CC RESO APPROVING ARCHITECTUAL PERMIT, TENTATIVE PARCEL MAP (920 SHASTA) - EXHIBIT C <br />REV: 04-22-25 VR <br /> <br />Page 198 of 224
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