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��mer�'IYtre Coa�paBy 2014-005341 <br /> +��A ` ��"'k'.��`�,�� � 10:09 am 01122/14 AG Fee: 132.00 <br /> 1��' �� � � Gount of Pages40'Z{�— <br /> � Recorded in Official Records <br /> RECORDING REQUESTED BY � County of San Mateo <br /> AND WHEN RECORDED MAIL TO: � Mark Church <br /> ) Assessor-Count Clerk-Recorder <br /> City of Redwood City ) I IIIIIIII II IIII IIII IIIII IIII I III IIIII IIII IIIII IIII IIII IIII <br /> 1017 Middlefield Road ) * R o 0 0 1 7 9 8 7 8 5 * <br /> Redwood City, California 94063 ) <br /> Attention: City Clerk � <br /> ) <br /> (Space Above This Line for Recorder's Use Only) <br /> Exempt from recording fee per Gov.Code§27383. <br /> IMPROVEMENT AGREEMENT <br /> (Crossing 900 [Block 2]) <br /> THIS IMPROVEMENT AGREEMENT ("Agreement") is made and entered into on this <br /> �,d day of December, 2013 (`Bffective Date") by and between REDWOOD CITY <br /> PARTNERS, LLC, a Delaware limited liability company ("Developer"), and the CITY OF <br /> REDWOOD CITY, a charter city and California municipal corporation ("City") with reference �� <br /> to the following facts: <br /> RECITALS `'� <br /> A. Developer is the current fee owner of that certain real property consisting of <br /> approximately 2.0 acres located at 950 Middlefield Road within the City of Redwood City, <br /> County of San Mateo, State of California, described in Exhibits A-1 and A-2, attached hereto and <br /> incorporated herein by reference(the"Property"). <br /> B. On July 22, 2013, the City Council of the City of Redwood City adopted <br /> Resolution No. 15289, approving a Disposition and Development Agreement between the City <br /> and Developer("DDA"), and as of July 30, 2013, the DDA was fully executed. <br /> C. The DDA sets forth the terms and conditions for, among other things, <br /> development of the Property (the "Project"), and DDA Section 4.6.3 requires that Developer <br /> provide, or cause Developer's contractor to provide, a public improvement bond for the <br /> performance of work with respect to any public improvements constructed as part of the Project. <br /> D. On July 22, 2013, the City Council of the City of Redwood City also adopted <br /> Resolution No. 15288, approving a Planned Community Permit for the Crossing 900 Project at <br /> 950 Middlefield Road and a Vesting Tentative Parcel Map entitled "Vesting Tentative Parcel <br /> Map" prepared by Kier & Wright and dated June 10, 2013 ("Tentative Map"), subject to certain <br /> conditions of approval ("Conditions"). <br /> E. The Conditions require either(1) that certain public improvements for the Project <br /> be constructed prior to approval of the final parcel map ("Parcel Map"), or (2) that Developer <br /> enter into an agreement with City providing for the future construction of such public <br /> improvements. <br /> ATTY/AGR/2013.141/CROSSING 900 BLOCK 2 IMPROVEMENT AGREEMENT <br /> REV:12-19-13 VR <br /> Page 1 of 26 <br />