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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, CA 94063 <br />Attention: City Clerk <br />NO FEE FOR RECORDING PURSUANT <br />TO GOVERNMENT CODE <br />SECTIONS 6103 AND 27383 <br />APN: <br />2024-043618 <br />Simplifile, <br />9:37 am 08/20/2024 AG DR Fee: NO FEE <br />Count of Pages 40 <br />Recorded in Official Records <br />County of San Mateo <br />Mark Church <br />Assessor -County Clerk -Recorder <br />III II II I III II II II 1 I I I I I� � I I II I III <br />$ R 0 0 0 3 4 9 2 5 8 5$ <br />QCU��N� <br />t;�GZNPLp�y�F� <br />d SEC. N;�P <br />(Space above for Recorder's Use) <br />This Agreement is recorded at the request <br />and for the benefit of the City of Redwood <br />City and is exempt from the payment of a <br />recording fee pursuant to Government Code <br />Sections 27383. <br />AFFORDABLE HOUSING <br />RESTRICTIVE COVENANTS AGREEMENT <br />(Broadway Plaza Development) <br />This Affordable Housing Restrictive Covenants Agreement (the "Agreement") is made <br />and entered into as of A w .a , .1 _L, 2024, by and between the City of Redwood City, a <br />California charter city (the ` ity"), and SI 78, LLC, a California limited, liability company, and <br />permitted successor and assigns approved by the City (the "Owner" or "Affordable Developer") <br />(together, the "Parties"). <br />RF.CTTALS <br />A. These Recitals refer to and utilize certain capitalized terms which are defined in <br />Article 1 of this Agreement. The Parties intend to refer to those definitions in connection with <br />the use of capitalized terms in these Recitals. <br />B. Sobrato Organization, LLC ("Sobrato") submitted a project application in July <br />2016 and deemed complete in September 2018. The City Council of Redwood City adopted <br />Resolution No. 15769 approving an architectural permit, planned development permit, use <br />permit, vesting tentative map, state density bonus law concessions, and an affordable housing <br />plan for the Broadway Plaza Project. The Broadway Plaza Project will be a mixed use <br />development that includes 398 market rate rental units, 119 Affordable Units, and one <br />unrestricted manager's unit (together, the "Project") plus 420,000 square feet of office space, <br />11,000 square feet of retail space, 10,000 square feet of childcare facilities, a 1.6 -acre public <br />REV: 07-12-24 VR <br />1199\10\3491196.8 <br />