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This Document Is Recorded <br />For the Benefit of the <br />Town of Los Altos Hills <br />And is Exempt from Fee <br />Per Government Code <br />Sections 6103 and 27383 <br />When Recorded., Mail to; <br />Town of Los Altos Hills <br />26379 Fremont Road <br />Los Altos Hills, CA 94022 <br />Attention: City Clerk <br />AGREEMENT FOR OPEN SPACE EASEMENT <br />This Agreement for Open Space Easement ("Agreement") is made and <br />entered into this 1 st day of May, 2019, by and between LGM Investments,, LLC, ("Owner") <br />and the TOWN OF LOS ALTOS HILLS, a municipal corporation, ("Town"). <br />RECITALS <br />A. Owner owns that certain real property in the Town of Los Altos Hills <br />commonly known as 12175 Edgecliff Place, Los Altos Hills, -California (APN 3 3 628- <br />023). <br />B. Town has adopted a General Plan and, pursuant thereto,, may accept grants <br />of open space easements on privately owned lands lying within the Town. <br />C. Town finds this open space easement to be consistent with the Town's <br />General Plan and in the best interests of the Town. <br />D. Owner and Town desire to limit the use of a portion of the property more <br />particularly described in Exhibit A attached hereto, by dedication of an open space <br />easement in order to reduce potential adverse impacts on such land including grading, <br />vegetation removal, and erosion, recognizing that such land is essentially unimproved and <br />if retained in its natural state has substantial scenic value to the public and that the <br />preservation of such Jand as open space constitutes an important physical, social, aesthetic <br />and economic asset to the Town and to Owner. <br />NOW, THEREFORE., the parties, in consideration of the mutual covenants and <br />conditions set forth herein and the substantial public benefits to be derived therefrom, do <br />hereby agree as follows: <br />Resolution 34-19 <br />Page 3 <br />