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Redorded at the Request of Old Republic Title Company- Oakland c1q 2016-063769 RECORDING REQUESTED BY OLD REPUBLIC TITLE COMPANY AND WHEN RECORDED MAIL TO: s:oo am 06!30116 AS A3 Fee: NO FEE Count of Pages 8 Recorded in Official Records City of Redwood City County of San Mateo 1017 Middlefield Road, Mark Church Redwood City, CA 94063 Assessor-County Clerk-Recorder Attn: City Clerk 1111 111111111 II Mt II 11 In Exempt from recording fee * R 0 0 0 2 2 3 1 6 5 7 per Gov. Code § 27383 (Space Above This Line for Recorder's Use Only) ASSIGNMENT AND FIRST AMENDMENT TO AFFORDABLE HOUSING (? COVENANT (City Center Plaza) THIS ASSIGNMENT AND FIRST AMENDMENT TO AFFORDABLE HOUSING COVENANT (the "Amendment") is dated as of `Jtyt ? , 2016, assigns and amends that certain Affordable Housing Covenant which was recorded in the Official Records of San Mateo County on June 28, 1996 as instrument number 96-079147 (the "Original Covenant" and as assigned and amended by this Amendment, the "Covenant"), and is executed by and among the City of Redwood City, a municipal corporation ("City"), Mezes Court Associates, a California Limited Partnership ("Original Owner"), and City Center Plaza, L.P., a California limited partnership ("Owner"). RECITALS A. The Redevelopment Agency of the City of Redwood ("RDA"), the "Agency" under the Original Covenant, dissolved on February 1 , 2012, as required by Assembly Bill X1 26 signed into law as part of the State of California's budget package on June 29, 2011 . Upon dissolution of the RDA, the housing assets and functions of the RDA, including the Original Covenant, were transferred to the City, and the remaining assets of the RDA were transferred to the Terminating Agency. B. As provided herein: (i) Original Owner and Owner wish to assign Original Owner's interest in and obligations under the Original Covenant to Owner; and (ii) Owner and City wish to amend the Original Covenant. C. The Covenant affects the real property described in Exhibit A attached hereto and incorporated herein by reference. All capitalized terms used but not defined in this Amendment have the meanings set forth in the Original Covenant. NOW, THEREFORE, in consideration of the mutual benefits accruing to the parties hereto and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, it is hereby declared, understood and agreed as follows: ATTY/AGR/2016.151/RWC-CITY CENTER-AMEND COVENANT REV: 06-22-16 VR OAK #4816-5393-4387 vl Page 1 of 7 C,