Agmt25 Property Purchase Agreement Woodside Road Interchange Improvement Project

Browse Search

Docusign Envelope ID: E798FFDB-2346-4993-A39D-3A6381A6D239 RECORDING REQUESTED BY: City of Redwood City WHEN RECORDED MAIL TO: City of Redwood City City Clerk 1017 Middlefield Road Redwood City, CA 94063 APN: 052-431-010 (PORTION OF) Parcel No.: 64076 EXHIBIT "2" SPACE ABOVE FOR RECORDER'S USE This document is exempt from the payment of a recording fee pursuant to Government Code § 27383 and §6103, and exempt from Documentary Transfer Tax pursuant to California Revenue and Taxation Code Section 11922 GRANT OF TEMPORARY CONSTRUCTION EASEMENT FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, FN VETERANS LLC, A CALIFORNIA LIMITED LIABILITY COMPANY (hereafter "GRANTOR") hereby grants to THE CITY OF REDWOOD CITY, A CHARTER CITY AND MUNICIPAL CORPORATION OF THE STATE OF CALIFORNIA (hereafter "GRANTEE"), a Temporary Construction Easement (hereafter "TCE") 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 Improvement 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. GRANTEE agrees to indemnify GRANTOR against all damages, expenses, costs, and charges, and to save GRANTOR harmless from any and all claims for damages arising from and related 4880-0380-6390 v2 REV: 05-23-25 LR ATTY/AGR-2025.121/FN Veterans LLC (1475 Veterans) (SR84/US101 Interchange Project) (Page 11 of 18)