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ATTY/RESO.0130/CC RESO APPROVING PURCHASE AND SALE AGREEMENT OF REAL PROPERTY – EXHIBIT A REV: 12-18-25 VR Page 1 of 10 PURCHASE AND SALE AGREEMENT APN 053-182-030 This PURCHASE AND SALE AGREEMENT (“Agreement”) is dated as of __________________, 2026, by and between the Successor Agency to the Redwood City Redevelopment Agency, a public body, corporate and politic (“Successor Agency” or “Seller”), and City of Redwood City, a charter city and municipal corporation of the State of California (“City” or “Purchaser”). Seller and Purchaser are referred to herein individually as a “Party” and collectively as the “Parties”. RECITALS A. Seller is the fee owner of certain real property located in the City of Redwood City, County of San Mateo, State of California described as Assessor’s Parcel Number 053-182-030 (the “Property”). The Property is located at the corner of Maple and Lathrop and approximately 10,973 sq. ft. in size, which is more particularly described in Exhibit “A” attached hereto. B. The Successor Agency published a notice for a 30-day comment period on June 13, 2024, designating the Property as exempt surplus land as it is less than one-half acre in area and not contiguous to land owned by a state or local agency that is used for open-space or low-and moderate-income housing purposes, pursuant to Government Code Section 54221(f)(1)(B). On August 13, 2024, the California Housing and Community Development Department issued a determination letter finding that the Property qualifies as exempt surplus land under that provision of law. C. Purchaser desires to acquire the Property from Seller, and Seller agrees to convey the Property to Purchaser as specifically described below. TERMS & CONDITIONS 1. Purchase and Sale. For good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Seller agrees to sell, and Purchaser agrees to buy the Property under the terms and conditions of this Agreement. 2. Effective Date. This Agreement shall take effect when it has been approved by the Successor Agency, approved by the San Mateo County Oversight Board (“Oversight Board”) pursuant to Section 2.1, the Seller has received a determination letter from the California Department of Finance (“DOF”) approving of the sale pursuant to Section 2.2, and the Agreement has been fully executed by the Parties (the “Effective Date”). 2.1 Disposition of the Property is subject to the approval by the Oversight Board pursuant to Health and Safety Code Section 34181. Accordingly, promptly following the approval of the Agreement by the Successor Agency, Seller shall request the Oversight Board to consider and approve the Agreement. The Oversight Board is not a Party to this Agreement. EXHIBIT A