Agmt25 El Camino Real Holding JV LLC, - 920 Shasta

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ATTY/AGR/2025.084/920 SHASTA AFFORDABLE HOUSING LAND DONATION AGREEMENT REV: 10-16-25 VR Page 3 of 41 K. Also included in the Affordable Development Project Approvals, the City approved a Relocation Plan dated April 1, 2025 (“Relocation Plan”), attached as Exhibit B-2 in which the Qualified Designee agreed to assist the existing occupants of the Affordable Site to relocate as required by the Ordinance and Government Code Section 7260 et seq., and the Relocation Assistance and Real Property Acquisition Guidelines adopted by the California Department of Housing and Community Development and Title 25, California Code of Regulations Section 6000 et seq. (“California Relocation Assistance Law”). L. Subject to the terms and conditions of this Agreement the Developer proposes to convey and donate the Affordable Site to the Qualified Designee and the Qualified Designee desires to accept the Affordable Site from the Developer, (such arrangement referred to herein as the “Land Donation”). M. As of the date of this Agreement, the City Council of Redwood City (“City Council”) has approved certain entitlements for the Affordable Development, including but not limited to an Architectural Permit, Vesting Tentative Parcel Map, Affordable Housing Plan, Land Donation, this Agreement, Relocation Plan, and Density Bonus with associated Concessions and Waiver, subject to conditions of approval in connection with the development of the Affordable Site (collectively, the “Affordable Development Project Approvals”). N. Except as otherwise provided for herein, only upon the Close of Escrow of the Land Donation, shall the Developer’s obligations under the Ordinance and the Affordable Housing Plan be deemed satisfied; however, all of Qualified Designee’s duties and obligations to assist in the relocation of the existing occupants of the Affordable Site as set forth in the Relocation Plan, as required by the Ordinance and California Relocation Assistance Law, shall remain and shall not be extinguished by the Close of Escrow of the Land Donation. O. This Agreement and the actions contemplated hereunder have been reviewed with respect to applicability of the California Environmental Quality Act (Public Resources Code Sections 21000 et seq.) (“CEQA”). On February 13, 2023, the City Council adopted Resolution No. 16124, certifying the Final Environmental Impact Report (“Housing Element Update EIR”) and Mitigation Monitoring and Reporting Program (“Housing Element Update MMRP”) for the Housing, Built Environment, Public Safety, Building Community, Natural Resources & Environmental Justice Elements Update to the Redwood City General Plan. On June 26, 2023, by adopting Resolution No. 16153, the City Council certified the SEIR to the Downtown Precise Plan, adopting CEQA findings of fact, a Statement of Overriding Considerations and a Mitigation Monitoring and Reporting Program (“DTPP Amendment MMRP”) related to the City’s approval of the Downtown Precise Plan Amendments. Concurrently with the approval of this Agreement and in connection with both the 901 El Camino Real Project Approvals and the Affordable Development Project Approvals, the City Council also adopted a CEQA Guidelines Section 15183 Consistency Checklist, which determined that the 901 El Camino Real Project and the Affordable Development are exempt from CEQA under CEQA Guidelines Section 15183 because there were no environmental effects which are peculiar to the project or its site, no potentially significant effects that were not already identified and analyzed in the Housing Element Update EIR and SEIR, nor are there any potentially significant off-site impacts and/or cumulative impacts which were not discussed in the Housing Element Update EIR and SEIR, nor is there any substantial new information that which was not known at the time of the certification of the Housing Element