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WHEN RECORDED MAIL TO: OI:II61NAL City of Redwood City ._ 1017 Middlefield Road Redwood City, CA 94063 Attn: City Clerk AGREEMENT GRANT OF RECIPROCAL VEHICULAR PARKING RIGHTS AND INGRESS AND EGRESS BETWEEN THE CITY OF REDWOOD CITY AND THE BELMONT-REDWOOD SHORES ELEMENTARY SCHOOL DISTRICT Preamble and Recitals This Agreement is entered into o ~(~ ,19 by and between the City of Redwood City, a municipa cl~rporat~ .... ' .... n of the State of Cal]forma ( C~ty ) and the Belmont-Redwood Shores Elementary School District ("District"). A. District is the owner of certain real property situated in the City of Redwood City, California (hereafter referred to as the "District's Property"), and more particularly described as Parcel A, as shown on that certain map entitled, "Parcel Map. No. 97-5," filed with the office of the County Recorder of San Mateo County, State of California, in Volume 70 of Parcel Maps at pages 9 and 10, which is attached to this Agreement, marked Exhibit A, and hereby incorporated by reference (the "Map"). B. City is the owner of certain real property situated in the City of Redwood City, California (hereafter referred to as the "City's Property"), and more particularly described as Parcel B on the Map, which is attached to this Agreement and hereby incorporated by reference. Permit Rights 1. In consideration of the terms and conditions of the sale of real property described as Parcel A on the Map hereto by City to District and other valuable consideration, City and District grant each other and their respective successors and assigns reciprocal vehicular parking rights and rights of ingress and egress (the "Permit") in, on, over and through a portion of the District's Property and a portion of the City's Property, as more full described Enc21112.doc 1 FXS/fs 03/24/98 06/01/98R 12/10/98R