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RELOCATION ASSISTANCE AGREEMENT (SOCIAL SECURITY ADMINISTRATION) ~oyation~istanc~ment (the "Agreement") is dated, forreference purposes, as of \J), 0() ,2003, and is made by and between THE CITY OF REDWOOD CITY, a municipal corporation (the "City") and 2401 BROADWAY PARTNERS, a California partnership ("Owner"). RECITALS WHEREAS, the City is undertaking a program of acquisition and clearance of certain land within the downtown area of the City for municipal purposes, which purposes include public parking (the "Project"); and WHEREAS, in order to accomplish the Project the City has sought the agreement of the United States Government (the "Government") to relocate an office of the Social Security Administration ("SSA") from the real property where the Project is located; and WHEREAS, SSA has identified certain property for long term relocation, which cannot be ready for occupation by SSA for some period of time, thereby requiring that SSA relocate on a temporary basis to other premises at additional expense to the Government; and WHEREAS, the City must assist the Government with the expenses of the relocation of SSA in order to obtain the cooperation of the Government in relocating S SA from the property where the Project is located in a time frame which meets the City's needs; and WHEREAS, the Government is willing to enter into an interim lease (the "Lease") for space to be utilized by SSA at 810 Winslow Street, Redwood City (the "Premises"), owned by Owner, but is not willing to pay market rate for the Premises due to the additional cost imposed on the Government by the temporary relocation to the Premises, followed by a subsequent relocation to its intended long term space, and Owner is not willing to incur the reduced revenue and added expense of a short term lease to the Government at lower rates; and WHEREAS, the City, in order to further the public interest and to complete the Project within the necessary time frame, and in order to offset the additional costs imposed on the Government as a result of its temporary relocation, desires to provide assistance to the Government by way of an offset to the lease obligations which the Government will incur in temporarily relocating to the Premises. NOW, THEREFORE, the parties hereto agree as hereinafter provided.