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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 />NO FEE FOR RECORDING PURSUANT <br />TO GOVERNMENT CODE <br />SECTIONS 6103 AND 27383 <br /> <br />APN: ____________________________ <br /> <br />(Space above this line for Recorder's Use) <br /> <br />PERFORMANCE DEED OF TRUST AND SECURITY AGREEMENT <br />(920 Shasta Street) <br /> <br /> THIS PERFORMANCE DEED OF TRUST AND SECURITY AGREEMENT (“Deed of <br />Trust”) is made as of __________ __, 20__ (“Effective Date”), by and among _______________, <br />LP, a California limited partnership (“Trustor”), _________Title Company, a California <br />corporation (“Trustee”), and the City of Redwood City, a California charter city (“Beneficiary”). <br /> <br />RECITALS <br /> <br />A. In satisfaction of the terms of that certain Affordable Housing Land Donation Agreement, <br />dated as of ____ __, ___ (the “Land Donation Agreement”), Trustor acquired fee <br />ownership of the certain real property located at 920 Shasta Street and 122 Buckeye Street <br />(APN: 053-343-110 and APN: 053-343-080), in the City, County of San Mateo, State of <br />California, as more particularly described in the attached Exhibit A, incorporated herein by <br />this reference (the “Property”). <br /> <br />B. Trustor intends to construct ninety-nine (99) affordable residential units (excluding the <br />manager's unit) in such manner and subject to such income requirements as specified in the <br />Affordable Housing Plan (the “Affordable Units”), on the Property (the “Affordable <br />Development”). <br /> <br />C. Beneficiary and Trustor entered into that certain Affordable Housing Restrictive Covenants <br />Agreement, dated as of the Effective Date and recorded in the Official Records of San <br />Mateo County substantially concurrently herewith (the “Regulatory Agreement”). <br /> <br />D. Pursuant to the Regulatory Agreement, Trustor is obligated to, among other things, make <br />the Affordable Units available to households earning no more than 80% of Area Median <br />Income (“AMI”) for San Mateo County (“County”). <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 209 of 224