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First American Insurance Company <br />Escrow No: 1230809 <br />RECORDING REQUESTED BY ) <br />AND WHEN RECORDED MAIL TO: ) <br />City of Redwood City ) <br />1017 Middlefield Road ) <br />Redwood City, California 94063 ) <br />Attention: City Clerk ) <br />} <br />2025-033901 <br />3:11 Pm 07102i2025NG Few NO FEE <br />Count of Pages 26 <br />FFucorded in Official Records <br />Cc un.y of San Mateo <br />Mark Church <br />Assessor -County Clark -Recorder <br />$ R C. 0 0 3 5 8 0 8 1 0$ <br />(Space Above This Line for Recorder's Use Only) <br />Exempt from recording fee per Gov. Code §27383 <br />SUBDIVISION IMPROVEMENT AGREEMENT <br />(2950 Bay Rd) <br />THIS SUBDIVISION IMPROVEMENT AGREEMENT ("Agreement') is made and <br />entered into on this day of IS , 2025 ("Effective Date") by and between Stanford <br />Health Care, a California nonprofit public benefit corporation ("Developer"), and the CITY <br />OF REDWOOD CITY, a charter city and California municipal corporation ("City") <br />(together, the "Parties") with reference to the following facts: <br />RECITALS <br />A. Developer is the current fee owner of that certain real property consisting of <br />approximately 0.82 acres located within the City of Redwood City, County of San Mateo, <br />State of California, described in Exhibit "A", attached hereto and incorporated herein by <br />reference (the "Property"). <br />B. On November 15, 2025, the: Planning Commission of the City of Redwood <br />City adopted, among other approvals, Resolution No. 22-11, approving an Architectural <br />Permit, AP2021-031 and the Tentative Map, TM2022-009, for the Agora ("Project'), <br />prepared by BKF Engineers and dated August 25, 2022 ("Tentative Map"), subject to <br />certain conditions of approval ("Conditions"). <br />C. The Conditions require either (1) that certain public improvements for the <br />Project be constructed prior to approval of the parcel map ("Parcel Map"), or (2) that <br />Developer enter into an agreement with City providing for the future construction of such <br />public improvements. <br />D. Developer has submitted the Parcel Map and applied to City for Parcel Map <br />approval without having completed the required public improvements and, therefore, will <br />enter into an agreement with City providing for the future construction and installation of <br />such public improvements, as required by Government Code section 66411.1. <br />E. Developer has submitted to City plans, specifications and drawings entitled <br />2950 Bay Road Improvement Plans, prepared by BKF Engineers and dated December <br />13, 2024 (the "Improvement Plans"), which, in addition to other improvements, provide <br />for certain on-site public improvements consisting of street and street light improvements, <br />REV: 05-13-25 VR <br />ATTY/AGR.2025.064/Stanford Health Care (2950 Bay Rd. LMA) (Page 1 of 24) <br />