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REAL ESTATE TRANSFER AGREEMENT <br />THIS REAL ESTATE TRANSFER AGREEMENT (the "Agreement") is entered into <br />as of this 171h day of June, 2025, (the "Effective Date"), by and between REDLANDS <br />HISTORICAL MUSEUM ASSOCIATION, a California nonprofit public benefit corporation <br />(which is also a 501(c)(3) corporation), hereafter referred to as "RHMA" and THE CITY OF <br />REDLANDS, a California Municipal Corporation and General Law City, hereafter referred to as <br />"CITY". RHMA and CITY may each be referred to as a "Party" or collectively as the "Parties". <br />RECITALS <br />WHEREAS, RHMA is the owner of the real property located in Redlands, California, <br />commonly referred to as 1 North Center Street, Redlands, CA (APN 0171191300000) consisting <br />of a parcel of land together with all easements and appurtenances thereto (the "Land"), and a <br />recently constructed multi -purpose event and exhibition building and related offices (the <br />"Improvements") and all other improvements located thereon (collectively the "Premises"); and <br />WHEREAS, RHMA desires to convey to CITY the Premises free of charge for use as a <br />historical museum and for related public purposes on the terms and conditions contained in <br />this Agreement; and <br />WHEREAS, CITY has agreed to accept the Premises and to abide by the terms and <br />conditions regarding its use and management as described herein; and <br />WHEREAS, RHMA as Landlord and CITY as TENANT entered a Lease for the <br />Premises dated February 4, 2025 (the "Lease"), whereby CITY is now in possession of the <br />Premises; and <br />WHEREAS, CITY as lender and RHMA as borrower entered into a Loan Agreement <br />(the "Loan Agreement") dated March 5, 2024, pursuant to which CITY made a loan (the <br />"Loan") to RHMA to pay for certain final improvements to the Premises; and <br />WHEREAS, RHMA entered into a June 2022 Agreement with the A.K. Smiley Public <br />Library Board of Trustees, and then entered two Addendums to the same Agreement related <br />to the financing of a portion of the construction of the Premises. <br />AGREEMENT <br />NOW, THEREFORE, in consideration of the promises and mutual agreements contained <br />herein, and other good and valuable consideration, the receipt and sufficiency of which are <br />hereby acknowledged, the Parties hereto do hereby agree as follows: <br />1 <br />I:\cmo\Agreements\Museum of Redlands Real Estate Transfer Agreement FY25-0085 (v.2).docx-ms <br />