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RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL <br />TO: <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />Attn: City Clerk <br />(Space Above This LineJor Recorder's Use Unty) <br />[Exempt from recording fee per Gov. Code § 273831 <br />ENCROACHMENT EASEMENT DEED AND AGREEMENT <br />This Encroachment Easement Deed and Agreement ("Agreement") is made on <br />, 2025, by and between The Board of Trustees of the Leland Stanford Junior <br />University, a body having corporate powers under the laws of the State of California ("Stanford"), <br />and the City of Redwood City, a municipal corporation ("City") with reference to the facts recited <br />below. In this Agreement, Stanford and City individually may be referred to as "Party" and <br />collectively may be referred to as "Parties." <br />A. Stanford is the fee owner of the property located in the City of Redwood City, San <br />Mateo County, California, identified as Assessor Parcel Number 054-320-550, and more <br />particularly described in Exhibit 1 attached hereto ("Stanford Property"). The Stanford Property <br />is located on the Seaport Peninsula in the City of Redwood City, adjacent to the property identified <br />as Assessor Parcel Number 054-320-540, and more particularly described in Exhibit 2 attached <br />hereto ("HCP Property") presently owned by HCP LS REDWOOD CITY, LLC, a Delaware <br />limited liability company ("HCP"). <br />B. Pursuant to a Levee Financing and Improvement Agreement between City and <br />HCP, Metropolitan Life Insurance Company, a New York corporation, and Seaport Centre <br />Owners' Association ("SCOA") dated October 27, 2020, as amended ("Levee Agreement"), <br />SCOA retained a general contractor to, among other things, demolish the previously existing shore <br />protection wall along the boundary between the Stanford Property and the HCP Property and <br />replace it with a new wall and associated wall footings on the HCP Property ("Levee Wall"). In <br />accordance with the terms of the Levee Agreement, City agreed to accept ownership of the <br />completed improvements contemplated in the Levee Agreement including the Levee Wall, subject <br />to satisfaction of certain conditions. <br />ATTY/AGR/2025.263 — ENCROACHMENT EASEMENT DEED STANFORD <br />REV: 10-07-25 VR <br />Page 1 of 11 <br />2025.276- SEAPORT PURCHASE AGREEMENT <br />REV: 10-15-25 VR <br />