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RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />Attn: City Clerk <br />EXEMPT FROM RECORDING FEES PER <br />GOVERNMENT CODE §§6103, 27383 <br />2021-050967 <br />2:31 pm 03130121 AG Fee: NO FEE <br />Count of Pages 19 <br />Recorded in Official Records <br />County of San Mateo <br />Mark Church <br />Assessor -Count Clerk -Recorder <br />l II ii111111111111111111111111111 I II III <br />SII I I I I I1lll IIII*$ R 0 0 0 3 0 r 1 9 G y$ <br />Space above this line for Recorder's use <br />MEMORANDUM OF <br />LEVEE FINANCING AND IMPROVEMENT AGREEMENT <br />This MEMORANDUM OF LEVEE FINANCING AND IMPROVEMENT <br />AGREEMENT ("Memorandum") _ is made and entered into as of this .2 y day of <br />A44 , -CA , 2021, by and among the CITY OF REDWOOD CITY, a California charter <br />city and municipal corporation ("City"), for itself and for the Seaport Centre Maintenance <br />District ("Maintenance District"); HCP LS REDWOOD CITY, LLC, a Delaware limited <br />liability company, its successors in interest and assignees ("HCP"); METROPOLITAN LIFE <br />INSURANCE COMPANY, a New York corporation, its successors in interest and assignees <br />("Met Life"); and SEAPORT CENTRE OWNERS' ASSOCIATION, a California corporation <br />("SCOA"). City, Maintenance District, HCP, Met Life and SCOA are collectively referred to <br />herein as the "Parties." <br />1. Met Life Seaport Center. Met Life is the fee owner of that certain property <br />located on Seaport Peninsula known as Seaport I comprised of Assessor Parcel Numbers 054- <br />321-010, 054-321-020, 054-321-030, 054-321-040, 054-321-050, 054-321-060, 054-321-070, <br />054-320-080, 054-320-090, 054-320-100, 054-320-110, 054-320-140 ("Seaport I"), that certain <br />property located on Seaport Peninsula known as Seaport II comprised of Assessor Parcel <br />Numbers 054-320-210, 054-320-220, 054-320-230, 054-320-240, 054-320-160, 054-320-250, <br />054-320-260 and 054-320-300 ("Seaport II"), and that certain property located on Seaport <br />Peninsula comprised of Assessor Parcel Numbers 054-320-190 and 054-320-200 ("Parcels 19 <br />and 20"). Seaport I, Seaport II, and Parcels 19 and 20 are collectively referred to herein as "Met <br />Life Seaport Centre", depicted on the Site Map attached hereto as Attachment 1 and <br />incorporated herein and more fully described in Attachment 2 attached hereto and incorporated <br />herein. <br />2. HGP Seaport Center and Seaport Plaza Property. HCP is the fee owner of that <br />certain property located on Seaport Peninsula known as Seaport III comprised of Assessor Parcel <br />Numbers 054-320-310, 054-320-320, 054-320-330, 054-320-340, 054-320-350, 054-320-360, <br />OAK #4847-4342-3183 Q <br />yf <br />