RecDoc 2021-066490 CONF 120 ECR Subdivision IA

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2021-066490 CONF RECORDING REQUESTED BY ) 10:30 am 04/27/21 AG Fee: NO FEE AND WHEN RECORDED MAIL TO: ) Count of pages 24 Recorded in Official Records City of Redwood City County of San Mateo 1017 Middlefield Road ) Mark Church Redwood City, California 94063 Assessor•County Clerk -Recorder ) IIIIIIIIII I I IIIIIIIIII�� 11111111 I��I11�11111 11� III Attention: City Clerk ) III I ) *$ R 0 0 0 3 0 6 0 0 4 4$ (Space Above This Line for Recorder's Use Only) Exempt from recording fee per Gov. Code § 27383. SUBDIVISION IMPROVEMENT AGREEMENT One20 Towns at 120 EI Camino Real THIS SUBDIVISION IMPROVEMENT AGREEMENT ("Agreement") is made and entered into on this dayL!D: -of WP--: +-- , 2021 ("Effective Date") by and between One20th LLC, a Wyoming Limited .Liability_Companv_ ("Developer"), and the CITY OF REDWOOD CITY, a charter city and California municipal corporation ("City") (together, the "Parties") with reference to the following facts: RECITALS A. Developer is the current fee owner of that certain real property consisting of approximately 0.44 acres located within the City of Redwood City, County of San Mateo, State of California, described in Exhibit "A", attached hereto and incorporated herein by reference (the "Property"). B. On April 2, 2019, the Planning Commission, of the City of Redwood City adopted, among other approvals, Resolution No. 19-03, approving the Vesting Tentative Map for the 120 EI Camino Real Development ("Project"), prepared by BKF Engineers and dated December 20, 2018 ("Tentative Map"), subject to certain conditions of approval ("Conditions"). C. The Conditions require either (1) that certain public improvements for the Project be constructed prior to approval of the final map ("Final Map"), or (2) that Developer enter into an agreement with City providing for the future construction of such public improvements. D. Developer has submitted the Final Map and applied to City for Final Map approval without having completed the required public improvements and, therefore, will enter into an agreement with City providing for the future construction and installation of such public improvements, as required by Government Code section 66462(a) (1). E. Developer has submitted to City plans, specifications and drawings entitled 120 EI Camino Real Improvement Plans, prepared by BKF Engineers and dated [)niW^ 21s 20, � (the "Improvement Plans"), which, in addition to other improvements, provide for certain on-site public improvements consisting of street and REV: 01-06-2021 PR ATTY/AGR.2021.003/Pinn Bros (Page 1 of 22)