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• • T IS AGREEMENT, by and between PACIFIC GAS AND EIECZRIC COMPAIII, a California corporation, hereinafter referred to as "Pacific,' and the CITI OF REDWOOD CITY, hereinafter referred to a• "City," YII�Y��II= WHEREAS, Pacific is at present the owner in fee of that oertain parosl of laud situate on the southerly side of Marshall Street in the City of Redwood City, hereinafter referred to as "said perosl,' and mart particularly described as follows: Portions of Lots 4, 5 and 6, Kook 1, Rants B, as shown on that certain map entitled "Torn of Mesesville," filed in the office of the Canty Reeerder of Sea Mateo County on August 1, 1856 in Book 1 of Maps at pap 79, being more particularly described as follows: NBOIN VINO at the intersection of the Easterly line of Jefferson Avenue (called First Street on above-mentioned nap), 80.00 feet is width, with the Southerly line of Marshall Street (called "D' Street on above- mentioned nap), 50.00 feet in width; thence North 86 30' East along said Southerly line of Marshall Street, a distance of 100.00 feet to the tries point of beginning; tbenoe North 66 30' East along said Southerly line of Marshall Street 215 feet, more or less, to the Northwesterly hank of Redwood Creek; thence Southwesterly alamg said Northwesterly bank to a point which is 125.00 feet Southerly, measured at right angles from the southerly line of Marshall Street; themes South 86° 301 Meet along a line parallel with said Southerly line et Marshall Street, 150 feet, more or less, to • point, said point being 100.00 feet Easterly, measured at right angles from the Easterly lies of Jeffsrsss Awes; themes North 3 30' West a distance of 125.00 feet to said Southerly line of Marshall Street and to the true point of beginning. lNNREAS, City id desirous of aoquiring said parcel for the papas* of cam, strutting a public perking lot, to be known as Parking Lot No. VI, as indicated on the Map No. Est. 52094, attached hereto, larked Exhibit "A', and hereby a*de a part hereof; and WHEREAS, City is also desirous that Pacific relocate its existing eleotris facilities on said parcel and on sdjaoent lands; NOW, TIMMONS, in eossideratios of the premises and of the mutual promises of tie parties hereto, it is hereby seed as follows 1. Feeifie shall great to City the fee title to Pacific's property, as out- lined in red on said Inhibit "A ", including the buildings located thereon. 2. City shall - I A. Pay the stn of $41,750 for the property interest to be conveyed -1- I Pro.a e.co t COPY