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ATTY/RESO.0127/CC RESO.1485 VETERANS BLVD (PURCHASE AGREEMENT) REV: 12-11-25 VR Page 1 of 2 RESOLUTION NO. 16381 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING THE PROPERTY PURCHASE AGREEMENT BETWEEN THE CITY OF REDWOOD CITY, AS BUYER AND TODD L. FREEMAN AND JUDY A. FREEMAN, TRUSTEES OF THE FREEMAN FAMILY TRUST, AND JEFF A. KREAGER AND LORETTA V. KREAGER, TRUSTEES OF THE REVOCABLE LIVING TRUST AGREEMENT OF JEFF A. KREAGER AND LORETTA V. KREAGER DATED OCTOBER 9, 1989, AS SELLER, FOR THE PURCHASE OF A FEE PARCEL AND A TEMPORARY CONSTRUCTION EASEMENT OVER REAL PROPERTY IDENTIFIED AS ASSESSOR'S PARCEL NUMBER (APN) 052-431-020, (1485 VETERANS BLVD) IN THE AMOUNT OF $37,500 WHEREAS, as part of the City of Redwood City's (“City”) State Route 84 (Woodside Road)/U.S. 101 Interchange Reimagined Project, the City has identified the need to acquire certain real property rights from the referenced property for public use to construct the project; and WHEREAS, City requires real property rights from the subject property for a public use for which City has the authority to exercise the power of eminent domain. Seller is compelled to sell, and City is compelled to acquire the subject property; and WHEREAS, the fee title parcel being acquired by Grant Deed is required for construction of project improvements including sidewalk, curb, gutter, bike lane and roadway improvements; and WHEREAS, the Temporary Construction Easement (TCE) being acquired by Grant of Temporary Construction Easement in, over and to the area described in the grant is required for construction activities, including but not limited to, all purposes connected with the laying down, construction, rehabilitation and installation of the Project, and the use and storage of tools, machinery, materials and equipment, and or temporary staging together with the right of ingress and egress to and from the TCE area, for the purposes aforesaid; and WHEREAS, The term of the TCE shall be thirty-six (36) months effective with notice of commencement of physical possession given in writing by City to Seller prior to commencement, unless extended pursuant to agreement by Grantor and Grantee. Said 36-month period shall terminate upon project construction completion or June 30, 2029, whichever is earlier; and WHEREAS, Todd L. Freeman and Judy A. Freeman, Trustees of the Freeman Family Trust, and Jeff A. Kreager and Loretta V. Kreager, Trustees of the Revocable Living Trust Agreement of Jeff A. Kreager and Loretta V. Kreager dated October 9, 1989 (Seller) has agreed to sell the real property rights described herein and more specifically in the Property Purchase Agreement to the City for the purchase price of $37,500, which