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ORIGINAL <br /> <br /> AGREEMENT <br /> FOR <br /> <br /> CONSTRUCTION OF IMPROVEMENTS <br /> 1200 SEAPORT BOULEVARD (LOT 7) <br /> <br /> THIS AGREEMENT, made and entered into this ~)'~dayof '~ , <br />2001, by and between the CITY OF REDWOOD CITY, a municipal corporation of the <br />State of California, ("City"), and PACIFIC SHORES DEVELOPMENT, LLC, a Delaware <br />limited liability company, and the owner of record of said real property located at 1200 <br />Seaport Boulevard, Redwood City, California (the "Owner"); <br /> <br /> WITNESSETH: <br /> <br /> WHEREAS, Owner proposes to construct certain real property improvements at <br />1200 Seaport Boulevard (the "Property"), situated in the City of Redwood City, County <br />of San Mateo, State of California, consisting of a parking lot and an office building; and <br /> <br /> WHEREAS, Owner has requested that construction of certain Improvements (as <br />defined below), be constructed at the Property, which improvements are to be <br />constructed in accordance with, and as required by, the plans, specifications, and <br />details hereinafter described; and <br /> <br /> NOW, THEREFORE, in order to ensure satisfactory performance by Owner of <br />Owner's obligations under Article VII, Chapter 29, General Street Improvements, of the <br />Code of the City of Redwood City, and in consideration of the approval of the <br />improvements for the Property, the parties hereto agree as follows: <br /> <br />Agmt-452 1 <br />F:\sh\sh\Redwood\Cou ncil <br />FXS:djk <br />02/26/01 <br /> <br /> <br />