Agmt25 Property Purchase agreement

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GRANTOR: PENINSULA BUILDING MATERIALS Co., A NEVADA CORPORATION, APN: 052-394-510,-520,-530,-540 (portion) AS TO AN UNDIVIDED % INTEREST AND GRANITE ROCK COMPANY, A PROJECT PARCEL NO. 64077 CALIFORNIA CORPORATION, AS TO AN UNDIVIDEDI/2 INTEREST PROJECT: US HIGHWAY 101 /STATE ROUTE 84 (WOODSIDE ROAD) INTERCHANGE IMPROVEMENT PROJECT EXHIBIT "2" RECORDW13 REQUESTED BY: City of Redwood City WHEN RECORDED MAIL TO: City of Redwood City City Clerk 1017 Middlefield Road Redwood City, CA 94063 AP N: 052-3192-510, -520, -530, -540 (PORTION OF)I SFAC E ABOVE FOR RECORDER'S USE Parcel No__ 94077 Thic document ra exergor from rhe payment of a recording fee pursuant to Govemmenr Code § 27383 and §6103, and exempt ftm Documentary 7ranwrer Tax purswant to Cafffamia Revenue and Tawatrvn Code Section 11922 GRANT OF TEMPORARY CONSTRICTION EASEMENT FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, PENINSULA BUILDING MATERIALS CO., A NEVADA CORPORATION, AS TO AN UNDIVIDED '/: INTEREST AND BUSHMONT COMPANY, A CALIFORNIA CORPORATION, AS TO AN UNDIVIDED V2 INTEREST (hereafter "GRANTOR') hereby grants to THE CITY OF REDWOOD CITY, A CHARTER CITY AND MUNICIPAL CORPORATION OF THE STATE OF CALIFORNIA (here. after "GRANTEE"), Temporary Construction Easements (hereafter "TC E") in and to a portion of its real property located in the County of San Mateo, State of California as described in Exhibit "A" attached hereto and incorporated herein by this reference. Said TCE is granted to GRANTEE, its successors and assigns, to have and to hold for purposes of GRANTEE's US Highway 101 / State Route 84 (Woodside Road) Interchange iniprovernent Project (hereafter the 'Project"). GRANTOR grants to GRANTEE a TCE in, over and to the area described Exhibit "A" for construction activities, including but not limited to, all purposes connected with the laying down, construction, rehabilitation and installation of the Project, and the use and storage of tools, machinery, materials and equipment, and or temporary staging together with the right of ingress and egress to and from the TCE area, for the purposes aforesaid - The term of the TCE shall be thirty-six (36) months effective with notice of commencement of physical possession given in writing by GRANTEE to GRANTOR prior to commencement, unless extended pursuant to agreement by GRANTOR and GRANTEE. Said 36 -month period shall terminate upon project construction completion or June 30, 2029, whichever is earlier. GRANTOR warrants that it is the owner in fee simple of the real property affected by the TCE as described in Exhibit "A", attached hereto. Upon termination of the TCE, GRANTEE shall restore, as near as possible, the TCE surface area to the condition in which it was prior to the commencement of the TCE. GRANTEE further agrees to pay for damage to the property caused by GRANTEE, its agents or contractors. 42age 13of-16 -- 4880-0380-6390 v2 REV: 06-23-25 LR ATTY/AGR.2025.154/Peninsula Building Materials Co. and Granite Rock Company (SR 84/U.S. 101 Interchange Reimagined) (Page 13 of 16)