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Exhibit B FORM OF GRANT DEED RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of San Leandro 835 East 14 Street San Leandro, CA 94501 EXEMPT FROM RECORDING FEES PER GOVERNMENT CODE § §6I03, 27383 (SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) GRANT DEED For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Redevelopment Agency of the City of San Leandro, a public body, corporate and politic (the "Grantor') acting to carry out the Redevelopment Plan for the Project Area (the "Redevelopment Plan ") for redevelopment purposes pursuant to the Community Redevelopment Law of the State of California, hereby grants and conveys to the City of San Leandro, a municipal corporation (the "Grantee "), the real property (the "Property ") located in the City of San Leandro at Street, designated as Alameda County Assessors Parcel Nos. and more particularly described in Exhibit A attached hereto and incorporated in this grant deed ('Grant Deed ") by this reference. 1. Disposition and Development Agreement. The Property is conveyed subject to the Redevelopment Plan and that certain unrecorded Disposition and Development Agreement entered into by and between the Grantor and the Grantee dated as of , 2011 (the "Agreement "). 2. Use Restrictions. The Grantee hereby covenants and agrees, for itself and its successors and assigns, that the Grantee and such successors and assigns shall promptly begin and diligently prosecute to completion the redevelopment of the Property in accordance with the Agreement, including without limitation the provisions of the Agreement that require the Property to be developed consistent with the requirements of the Redevelopment Plan, the Implementation Plan adopted in connection therewith, the City of San Leandro General Plan, and 1604875.2 12