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ATTACHMENT 9 GRANT DEED RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: (Space above this line for Recorder's use only) Document Transfer Tax $ GRANT DEED FOR A VALUABLE CONSIDERATION. receipt of which is hereby acknowledged, the REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY, a body corporate and politic created pursuant to the Community Redevelopment Law of California ("Grantor"), hereby grants to SHEA HOMES, L.P., a California limited parmership ("Grantee"), the parcel of real property in the City of Redwood City, County of San Marco, State of California (the "Property") described in Exhibit "A" attached hereto and by this reference made a part hereof, and designated APN Number in the Agreement, as defined below. The Property, and the possession and use thereof by the Grantee and its successors in interest, shall be subject to all of the provisions of the Disposition and Development Agreement for the Franklin Street Project, Shea Homes Project executed by Grantor and Grantee effective (the "Agreement"), until the recordation by the Grantor of the Certificatas-~Uompletion covering development of the Property described in Section 517 of the Agreement, at which time only the covenants against discrimination [end affordable bousing]I set forth in the final paragraph of this Grant Deed shall survive. The Grantor has the limited and conditional tight to the return of title and possession of the Property and all improvements thereon, and to the termination and revesting in the Grantor of the estate conveyed to the Grantee hereby, as such tight is set forth in Section 810 oftbe Agreement; provided that such tight to reenter, rake possession, terminate and revest in connection with a Project Phaseshall expire and be of no-further force or effect upon the recordation by the Grantor of the Certificate of Completion for such Project Phase. The Grantee herein covenants by and for itself, its heirs, executors, administrators and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of. any person or group of persons on account of ~ Applies only to parcels subject to the Affordability Covenant and Restrictions on Resale contained in Attachment 12 to the Agreement. wc-32228 I