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RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br /> <br />DONOR <br />DONOR ADDREESS <br />DONOR CITY, STATE, ZIP <br /> <br /> <br />THE AREA ABOVE IS RESERVED FOR RECORDER'S USE <br /> <br />920 Shasta Street (Assessor’s Parcel Number 053-343-110) <br />122 Buckeye Street (Assessor’s Parcel Number 053-343-080) <br /> <br /> <br />Documentary Transfer Tax is $_____ <br />City of Redwood City Transfer Tax is $_____ <br />[ ] computed on full value of property conveyed, or <br />[ ] computed on full value less value of liens and encumbrances remaining at time of sale <br /> <br /> <br />GRANT DEED <br />(Affordable Housing Land Donation) <br /> <br />FOR VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, <br />_________________[Insert Donor Entity], a _____________[insert entity type] (the “Grantor”), <br />hereby grants to _____________________________________[Insert Qualified Designee], a <br />_____________[insert entity type] (the “Grantee”), fee title to that certain real property (the <br />“Property”) described in Exhibit A attached hereto and incorporated in this Grant Deed by this <br />reference. <br /> <br />1. The Property is being conveyed for the purpose of facilitating affordable housing <br />development consistent with that certain Affordable Housing Land Donation Agreement, dated as <br />of [Insert Date] (the “Land Donation Agreement”), the purpose of which is to implement that <br />certain Affordable Housing Plan approved by City Council Resolution No. _______ (“Affordable <br />Housing Plan”) to satisfy the requirements of the Affordable Housing Ordinance, set forth in <br />Article 29 of the Redwood City Zoning Code, as such may be amended (the “Ordinance”). <br />Reference to the Land Donation Agreement, other than what is included in Exhibit G <br />(Affordability Housing Restrictive Covenant) to the Land Donation Agreement, is not intended to <br />create any encumbrance on title, nor to impose any condition, covenant, or restriction on the <br />conveyance of title effected by this Grant Deed <br /> <br />2. The Grantee hereby covenants and agrees, for itself and its successors and assigns, <br />that the Grantee and such successors and assigns shall use the Property solely for the development <br />of affordable housing in compliance with certain Affordable Housing Restrictive Covenant to be <br />recorded against the Property concurrently herewith, and not for speculation in landholding. <br />ATTY/RESO.0034/CC RESO APPROVING PROJECT (901 EL CAMINO REAL) - EXHIBIT C <br />REV: 04-22-25 VR <br /> <br />Page 134 of 224