Reso25-08 0106 PC Reso 1548 Maple DA 4th Amendment

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ATTY/RESO.0106/PC RESO 1548 MAPLE DA 4TH AMENDMENT – EXHIBIT A REV: 11-13-25 VR Page 1 of 4 EXHIBIT A ORDINANCE NO. ______ AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING THE FOURTH AMENDMENT TO THE DEVELOPMENT AGREEMENT BETWEEN THE CITY OF REDWOOD CITY AND 1548 MAPLE LLC WHEREAS, Government Code Sections 65864 through 68569.5 provide the statutory authority for development agreements, including amendments thereto, between municipalities and owners of real property; and WHEREAS, the City of Redwood City (“City”) and 1548 Maple, LLC (“Developer”) are parties to a Development Agreement approved by City Council Ordinance No. 2445 adopted on May 21, 2018 (“Original Development Agreement”), as amended by two minor Insubstantial Amendments and one major Amendment to the Development Agreement: a First Amendment to Development Agreement dated February 22, 2021 (“First Amendment”), a Second Amendment to Development Agreement dated January 24, 2022 (“Second Amendment”), and a Third Amendment to the Development Agreement dated May 22, 2023 (“Third Amendment”); and WHEREAS, The Original Development Agreement as amended by the First Amendment, Second Amendment, and Third Amendment is hereinafter referred to as the “Development Agreement”); and WHEREAS, the Development Agreement addresses development of a 131 market-rate townhome development with open space, streets, walkways, parking areas, bay trail improvements, waterfront amenities, and other on- and off-site infrastructure (“Project”) on that certain real property located at 1548 Maple Street (Assessor Parcel numbers 052-532-040, 052- 532-050, 052-532-060, 052-532-070, 052-532-080, & 052- 532-099, Redwood City, CA (“Property”); and WHEREAS, the Development Agreement requires Developer to, among other things, construct three segments of an extension of Blomquist Street from Maple Street to Redwood Creek, with Developer’s obligation to construct two of the three segments, the Blomquist- County Segment and the Blomquist-Developer Segment, conditioned on City acquiring from the County of San Mateo (“County”) within a specified time frame the necessary right-of-way for the Blomquist-County Segment; and WHEREAS, since City’s approval of Third Amendment in 2023, which extended the Development Agreement term to September 3, 2026, the parties have made substantial progress on readying the site for development, by among other things, obtaining from County the right-of-way needed to construct the Blomquist-County Segment, abating hazardous materials within the County jail building formerly located within the designed Blomquist Extension area, and completing demolition of the former