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6. Preferred Area to Relocate <br />When the residential tenants are interviewed in the future, their preferred areas to relocate will be <br />identified. <br />B. STORAGE FACILITY TENANTS <br />As of the date of this Plan, all of the 135 storage units within the self -storage facility are occupied. <br />Storage unit tenants occupy a variety of unit sizes ranging from 5'x10' — 10'x30' with monthly <br />rents ranging between $109 - $779. <br />The self -storage facility itself is owned by the Seller. The Seller received a Voluntary Acquisition <br />Letter from the Developer acknowledging there is no threat of eminent domain related to the offer <br />to acquire the Project site, and the transaction, if completed, will be completely voluntary. Due to <br />the voluntary nature of the acquisition, the owner -occupant is not eligible for relocation assistance, <br />although this does not affect the tenants' eligibility for assistance. <br />111. RELOCATION RESOURCES <br />A. METHODOLOGY <br />For residential housing, a resource survey was conducted to identify available comparable rental <br />units within proximity to the Project Site. The following sources were utilized: <br />-- Classified rental listings from local newspapers and For Rent publications <br />-- Internet sources of rental opportunities (Craigstlist, apartments.com, Zillow, etc.) <br />B. REPLACEMENT HOUSING AVAILABILITY <br />1. Residential Rental Housing <br />The replacement housing survey over a one-week period in early August 2024 considered available <br />two- and three-bedroom SFRs for rent in within Redwood City. The data for available units <br />ultimately located within 5 miles of the Project Site is summarized in Table 1 below. <br />Table 1: Availability and Cost of Replacement Rental Housing <br />of BRs <br />2BR <br />3BR <br />Found (# Needed) <br />7(1) <br />6(1) <br />Rent Range <br />$2,985 - $4,000 <br />$3,595 - $5,950 <br />Median Rent <br />$3,450 <br />$4,250 <br />The available units identified were in residential and mixed-use neighborhoods with access to <br />restaurants, retail stores, schools, medical facilities, social services, public transportation, parks <br />and opportunities for employment. The list of identified comparable housing units is shown in <br />Exhibit B. <br />ATTY/AGR/2025.084/920 SHASTA AFFORDABLE HOUSING LAND DONATION AGREEMENT <br />REV: 10-16-25 VR <br />Exhibit B-2 - 10 <br />