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RecDoc 2017-037383
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RecDoc 2017-037383
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Entry Properties
Last modified
5/23/2017 10:31:38 AM
Creation date
5/1/2017 3:24:38 PM
Metadata
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Template:
Recorded Docs
Recorded Docs - Type
Agreement
Subject
Easement and Maintenance Agreement
Doc Num
2017-037383 CONF
Rec Date
5/1/2017
APN
054-141-230, 054-150-140, 154-150-120, 054-150-150
Address
450 Broadway
Parties
Board of Trustees of Leland Stanford University
MO Ref
17-071
Document Relationships
RecDoc 2013-166544
(Attachment)
Path:
\City Clerk\Recorded Docs CC&Rs\Recorded Docs 2013-2020 Additional sub folders\Recorded Documents 2013-2023 (additional sub folders)\Development Agreements
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RECORDING REQUESTED BY 201 7-037383 <br /> AND WHEN RECORDED RETURN TO: <br /> 1:34 pm 05101/17 ES AG Fee: NO FEE <br /> City of Redwood City Count of Pages 18 <br /> Recorded in Official Records <br /> 1017 Middlefield Road County of San Mateo <br /> City of Redwood City, CA 94063-0391 Mark Church <br /> Assessor-County Clerk-Recorder <br /> Attention: City Clerk III 11 11111111111 11 1111 ill <br /> � <br /> Record for the Benefit of * R 0 0 0 2 3 8 8 9 8 5 <br /> The City of Redwood City <br /> Pursuant to Government Code <br /> Section 273834)1 <br /> Space Above Reserved for Recorder's Use Only k <br /> 61, <br /> EASEMENT AND MAINTENANCE AGREEMENT <br /> T is Easement and Maintenance Agreement ("Easement Agreement") is entered into as of <br /> i -7 ("Easement Agreement Effective Date"), between the City of Redwood <br /> id, a Cali ornia municipal corporation ("City") and The Board of Trustees of the Leland <br /> Stanford Junior University, a body having corporate powers under the laws of the State of <br /> California("Owner"). <br /> RECITALS <br /> A. Owner owns fee title to the approximately 35-acre site, bordered by 450 <br /> Broadway, Bayshore Freeway/US 101, 550 Broadway, Broadway, Douglas Avenue, Bay Road, <br /> Spinas Park and Fire Station No. 11 in the City of Redwood City, County of San Mateo, State of <br /> California, designated as APNs: 054-141-230, 054-150-140, 154-150-120, 054-150-150, 054- <br /> 150-160, 054-141-180, 054-141-220, 054-150-170, 054-150-190, 054-150-180 and the parcel <br /> referred to as common area parcel A, legally described in Attachment 1, which constitutes the <br /> entirety of the property that is subject to this Easement Agreement ("Property"). The Property <br /> will be developed as five Blocks, which are depicted on Attachment 2 and are collectively <br /> referred to herein as "Blocks A-E." <br /> B. Owner has entered into a Development Agreement with City effective December <br /> 10, 2013 (Recorder's Document No. 2013-166544) ("Development Agreement"), to facilitate <br /> Owner's development and use of the Property with administrative functions, offices, medical <br /> clinics and/or laboratory related research and development facilities, all as more specifically set <br /> forth in Existing Approvals ("Project"). Capitalized terms used but not otherwise defined herein <br /> shall have the meaning ascribed to such terms in the Development Agreement. <br /> C. The Development Agreement contemplates, among other things, that the Owner <br /> will designate, design and improve 2.4 acres of publicly accessible privately owned open space <br /> adjacent to Spinas Park in conjunction with the first phase of development which includes Net <br />
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