RecDoc2025-059128 Grant Deed (HCP LS)

Browse Search

RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Redwood City 1017 Middlefield Road Redwood City, CA 94063 Attn: City Clerk (Space Above This Line for Recorder's Use Only) [Exempt from recording fee per Gov. Code § 27383] GRANT DEED This Grant Deed is made on l44hkvp—A �1 , 2025 by HCP LS Redwood City, LLC, a Delaware limited liability company ("Grantor"), to the City of Redwood City, a municipal corporation ("City") with reference to the following facts: A. Grantor is the fee owner of the property identified as Assessor Parcel Numbers 054-320-310, 054-320-320, 054-320-330, 054-320-340, 054-320-350, 054-320-360, 054-320- 370, 054-320-380, 054-320-390, 054-320-400, 054-320-410, 054-320-420, 054-320-430, 054- 320-440, 054-320-450, 054-320-460, 054-320-540, and that certain unassessed parcel identified as Lot 8 on the map filed October 15, 1987 in volume 117 of maps at pages 22 through 26 inclusive in the Office of the Recorder of the County of San Mateo (collectively, "HCP Property"). B. In 1984, Grantor and a neighboring property owner's predecessors in interest constructed levee improvements and flood protection facilities along the perimeters of the HCP Property (excepting Assessor Parcel Number 054-320-540) and certain adjacent properties (the "Original Seaport Centre Levee"), and the City accepted ownership of the Original Seaport Centre Levee and related storm drain, water, and sanitary sewer facilities by a Deed of Conveyance dated December 16, 1985, recorded on January 10, 1986 as Instrument Number 86003623 ("Original Grant Deed"). C. Pursuant to a Levee Financing and Improvement Agreement between Grantor, City, Metropolitan Life Insurance Company ("Met Life"), and Seaport Centre Owners' Association ("SCOA") dated October 27, 2020, as amended by that certain First Amendment to Levee Financing and Improvement Agreement dated December 13, 2021 and the Second Amendment to the Levee Financing and Improvement Agreement dated QCf� Z�, 2025, SCOA improved the Original Seaport Centre Levee and constructed new levee improvements and related flood protection facilities along the perimeter of Assessor Parcel Number 054-320- 540 (the "Levee Improvement Project") to provide greater flood protection to the HCP Property, the property owned by MetLife, and certain adjacent property owned by City. City also agreed to accept ownership of the completed improvements contemplated by the Levee Improvement Project. D. The Levee Improvement Project is now complete and Grantor desires to grant City the Current Levee Improvements (defined below), as further described herein. The Current 2025.276.4 - GRANT DEED, LEVEES, HCP PROPERTY REV: 10-15-25 VR