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q . I 901b <br />ATTACHMENT 1 <br />REVOCABLE PERMIT AGREEMENT <br />(Landscaped Open Space Area and Parking Lot located at Maple and Lathrop <br />Streets, Adjacent to Redwood Creek/Irvine Apartment Communities) <br />This Permit Agreement ( "Permit "), effective as of , 2003, -is <br />made by and between the Redwood City Redevelopment Agency ( "Agency"), and Irvine <br />Apartment Communities ( "Permittee "). <br />RECITALS <br />A. Agency is the owner of that certain real property consisting of a <br />triangular- shaped parcel located between Maple and Lathrop Streets, adjacent to <br />Redwood Creek Culvert, and more specifically identified on the attached Exhibit "A" <br />which is incorporated herein by reference (the "Property"). <br />B. Agency currently does not use the Property for any particular purpose. <br />C. Permittee is the owner of the Franklin Street Apartment Complex located <br />across from the Property. <br />D. Permittee desires that the property be used, for among other things, as <br />community open space and is willing to maintain the Property, install landscaping, <br />irrigation and other improvements on the Property to allow it to be used as community <br />open space Monday through Saturday evenings when not being used by Towne Ford <br />and all day Sunday. <br />E. The Property is of adequate shape and size to serve as community open <br />space purposes and to allow Permittee to install landscaping, irrigation and other <br />improvements and maintain the Property. <br />F. Agency is willing to allow the Permittee to use and maintain the Property <br />as community open space. <br />G. Permittee understands that Agency has entered into another Revocable <br />Permit Agreement with Towne Ford for Towne Ford to use and maintain the Property as <br />an employee parking lot, for its and Hopkin's Acura employees, during the hours of 7:00 <br />a.m. to 6:00 p.m., Monday through Saturday. <br />NOW, THEREFORE, IT IS AGREED AS FOLLOWS: <br />1. Scope of Permit. Agency hereby grants a non - exclusive Permit to <br />Permittee to enter upon the Property for the purpose of installing and maintaining <br />landscaping, irrigation, and other site improvements on the Property during the hours <br />Atty /Permits /Permit.008 <br />102203 <br />