Laserfiche WebLink
ATTY/AGR/2025.084/920 SHASTA AFFORDABLE HOUSING LAND DONATION AGREEMENT <br />REV: 10-16-25 VR <br />Exhibit C - 1 <br />EXHIBIT C <br />FORM OF GRANT DEED <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />DONOR <br />DONOR ADDREESS <br />DONOR CITY, STATE, ZIP <br />______________________________________________________________________________ <br />THE AREA ABOVE IS RESERVED FOR RECORDER’S USE <br />920 Shasta Street (Assessor’s Parcel Number 053-343-110) <br />122 Buckeye Street (Assessor’s Parcel Number 053-343-080) <br />Documentary Transfer Tax is $_____ <br />City of Redwood City Transfer Tax is $_____ <br />[ ] computed on full value of property conveyed, or <br />[ ] computed on full value less value of liens and encumbrances remaining at time of sale <br />GRANT DEED <br />(Affordable Housing Land Donation) <br />FOR VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, <br />______________________[Insert Donor Entity], a _________________[insert entity type] (the <br />“Grantor”), hereby grants to ________________________________[Insert Qualified <br />Designee], a ________________________[insert entity type] (the “Grantee”), fee title to that <br />certain real property (the “Property”) described in Exhibit A attached hereto and incorporated in <br />this Grant Deed by this reference. <br />1. The Property is being conveyed for the purpose of facilitating affordable housing <br />development consistent with that certain Affordable Housing Land Donation Agreement, <br />dated as of [Insert Date] (the “Land Donation Agreement”), the purpose of which is to <br />implement that certain Affordable Housing Plan approved by City Council Resolution No. <br />_______ (“Affordable Housing Plan”) to satisfy the requirements of the Affordable <br />Housing Ordinance, set forth in Article 29 of the Redwood City Zoning Code, as such may <br />be amended (the “Ordinance”). Reference to the Land Donation Agreement, other than <br />what is included in Exhibit G (Affordability Housing Restrictive Covenant) to the Land <br />Donation Agreement, is not intended to create any encumbrance on title, nor to impose any <br />condition, covenant, or restriction on the conveyance of title effected by this Grant Deed <br />2. The Grantee hereby covenants and agrees, for itself and its successors and assigns, that the <br />Grantee and such successors and assigns shall use the Property solely for the development <br />of affordable housing in compliance with certain Affordable Housing Restrictive Covenant <br />to be recorded against the Property concurrently herewith, and not for speculation in <br />landholding.