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2013-017252 12:47 pm 01131 i13 AG Fee: NO FEE Count of Pages 61 Recorded in Official Records RECORDING REQUESTED BY � County of San Mateo AND WHEN RECORDED MAIL TO: � Mark Church � Assessor-Count Clerk-Recorder City of Redwood City � IIIIIIII III II Ili IIII IIII II �I I I�II II I I I I II 1017 Middlefield Road ) * R o 0 0 1 5 9 0 3 1 6 * 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 One Marina,Redwood City,CA 94063 y,� THIS IMPROVEMENT AGREEMENT ("Agreement") is made and entered into on this_day of_ �-.��,�� , 201�"Effective Date")by and between by and between RC Peninsula Park, LLC ("Developer"), and the CITY OF REDWOOD CITY, a charter city and California municipal corporation ("City") with reference to the following facts: RECITALS A. Developer is the current fee owner of that certain real properiy consisting of approximately 6.69 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 October 30, 2012, the Planning Commission of the City of Redwood City adopted, among other approvals, Resolution No. 12-24, approving the Vesting Tentative Map for the One Marina ("Project"), prepared by KPFF Consulting Engineers and dated August 22, 2012 ("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 One Marina Phase 2 and One Marina Phase 3 Improvement Plans,prepared by KPFF Consulting Engineers, Callander Associates, and Lighthouse Design, Inc. and dated November 28, 2012 (Phase 3) and July 25, 2012 (Phase 2) ( (the"Improvement Plans"), which, in addition to other improvements, provide for certain on- site public improvements consisting of street and street light improvements, storm drain systems, domestic water systems and sanitary sewer systems for the Project(collectively,"Improvements"). F. Upon approval and recordation of the Final Map, the Property will be divided into 115 residential condominiums hereinafter referred to as the"Residential Parcels". ATTYIAGR/2013.009/SUBDIVISION IMPROVEMENT AGREEMENT ONE MARINA REV:01-14-13 VR Page 1 of 15