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EXH J Memo of Disposition & Development Agreement (1)

San Mateo City Council
May 18, 2026

Document
EXH J Memo of Disposition & Development Agreement (1)
Meeting
May 18, 2026
Body
San Mateo City Council
Original file
159 KB
Text extracted from the city's file for reading and search. Open the original on sanmateo.primegov.com. That file is the official record.

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EXHIBIT J

MEMORANDUM OF DDA

RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:

City Clerk's Office
City of San Mateo
330 West 20th Avenue
San Mateo, CA 94403

Exempt from Recording Fee
Pursuant to
Government Code Section 27383

MEMORANDUM OF

DISPOSITION AND DEVELOPMENT AGREEMENT

THIS MEMORANDUM OF DISPOSITION AND DEVELOPMENT
AGREEMENT (the "Memorandum of DDA") is made as of ______, 2026, by and among the City of San Mateo, a California charter city (the "City"), AH Bespoke LP, a California limited partnership (the “Residential Developer”) and DTSM Housing, LLC, a Delaware limited liability company (the "Commercial Developer"), who may individually be referred to as a “Party” and collectively be referred to as the “Parties,” to confirm that the City, Residential Developer and Commercial Developer have entered into that certain Disposition and Development Agreement dated as of _____, 2026 (the "DDA"). The DDA imposes certain conditions (including but not limited to, construction requirements, operating covenants, and transfer restrictions) on the real property described in Exhibit A attached hereto and incorporated herein (the "Property"). The DDA is a public document and may be reviewed at the principal office of the City.

This Memorandum of DDA incorporates all of the terms and provisions of the DDA as though fully set forth herein.

Should there be any inconsistency between the terms of this Memorandum of DDA and the DDA, the terms of the DDA shall prevail. This Memorandum of DDA is prepared for the purpose of recordation, and it in no way modifies the provisions of the DDA.

This Memorandum of DDA may be executed simultaneously or in counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same document.
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Remainder of Page Left Intentionally Blank
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The parties are entering into this Memorandum of DDA as of the last date set forth below.

COMMERCIAL DEVELOPER:

DTSM Housing, LLC , a Delaware limited liability
company

By:

Its:

RESIDENTIAL DEVELOPER:

AH Bespoke LP,
a California limited partnership

By: AH Bespoke LLC,
a California limited liability company
its managing general partner

By: Alta Housing, a California nonprofit
public benefit corporation,
its manager

By:

Name:

Title:

CITY:

CITY OF SAN MATEO, a California charter city

By:

Alex Khojikian, City Manager

Approved to as form and legality

Mazarin Vakharia, Assistant City Attorney

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STATE OF CALIFORNIA )
)
COUNTY OF __________________ )

On ____________________, before me, ___________________________, Notary Public, personally appeared ______________________________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

______________________________________
Name: ______________________________
Name: Notary Public

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. 660\14\4211785.1

STATE OF CALIFORNIA )
)
COUNTY OF __________________ )

On ____________________, before me, ___________________________, Notary Public, personally appeared ______________________________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

______________________________________
Name: ______________________________
Name: Notary Public

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. 660\14\4211785.1

STATE OF CALIFORNIA )
)
COUNTY OF __________________ )

On ____________________, before me, ___________________________, Notary Public, personally appeared ______________________________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

______________________________________
Name: ______________________________
Name: Notary Public
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. 660\14\4211785.1

EXHIBIT A

Legal Description of the Property

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