Agmt21 Stanford Healthcare_Douglas Ave. Electrical Utilities Undergrounding

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RECORDING REQUESTED BY ) AND WHEN RECORDED MAIL TO: ) City of Redwood City ) 1017 Middlefield Road ) Redwood City, California 94063 ) Attention: City Clerk ) (Space Above This Line for Recorder's Use Only) Exempt from recording fee per Gov. Code § 27383. IMPROVEMENT AGREEMENT Stanford Health Care Douglas Avenue Electrical Utilities Undergrounding THIS IMPROVEMENT AGREEMENT ("Agreement") is made and entered into on this day of kAA-Y !p , 2021 ("Effective Date") by and between Stanford Health Care, a nonprofit public benefit corporation ("Developer"), and the CITY OF REDWOOD CITY, a charter city and California municipal corporation ("City") with Developer and City hereinafter referred to individually as "Party" and collectively as "Parties." Reference is made to the following facts: RECITALS A. Developer is the current fee owner of that certain real property 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 September 9, 2013, the City Council of Redwood City adopted, among other approvals, Resolution No. 15295, adopting the Stanford in Redwood City Precise Plan ("Precise Plan") including the guidelines, policies, and standards contained therein. C. Chapter II, Section IV, Subsection N of the Precise Plan requires that existing above -ground utility lines shall be placed underground per City requirements along Broadway, Bay Road and Douglas Avenue as development occurs, and that the minimum length of undergrounding segment shall be one block ("Overhead Utility Lines Requirement"). D. The Property is located within the area subject to the Precise Plan, and development is subject to the applicable guidelines, policies, and standards contained therein, including the Overhead Utility Lines Requirement. E. On July 19, 2019, Developer submitted to the City a Planned Community Permit ("PC Permit") application and Tentative Map application in connection with planned development of the Property (Permit Numbers PC2019-003 and TM2019-005, respectively) and the proposed development is subject to the Overhead Utility Lines Requirement where such requirement has not already been met, namely on Douglas Avenue, north of Broadway. REV: 01-12-2021 PR ATTY/AGR.2021.006/Stanford Medical (Page 1 of 22)