HomeMy WebLinkAboutC-519(G) - West Coast Highway, 1221 (Balboa Bay Resort) - Lessor's Estoppel Certificate and Consent to Change of Name 1989RECORDING REQUESTED BY AND WHEN RECORDED
PLEASE RETURN BY MAIL TO:
ROGERS & WELLS
200 Park Avenue
New York, New York 10166
Attention: Gail S. Wilson, Esq.
SPACE ABOVE THIS LINE FOR RECORDER'S USE ONLY
LESSOR'S ESTOPPEL CERTIFICATE
AND CONSENT TO CHANGE OF NAME
Dated: May 31, 1989
between
CITY OF NEWPORT BEACH,
FIRST AMERICAN TRUST COMPANY,
not personally but solely as
Trustee of Trust WPLH-1187
INTERNATIONAL BAY CLUBS, INC.,
BBC PROPERTY, INC.,
BALBOA BAY CLUB, INC.
and
FINANCIAL SECURITY ASSURANCE OF IOWA, INC.
LOCATION OF PREMISES:
Street Address: 1221 West Coast Highway
City: Newport Beach
County: Orange
State: California
LESSOR'S ESTOPPEL CERTIFICATE,
AND CONSENT TO CHANGE OF NAME
KNOW ALL MEN BY THESE PRESENTS:
THAT THE CITY OF NEWPORT.BEACH, a municipal corporation
having an office at 3300 Newport Boulevard, Newport Beach,
California ("Lessor"), for good and valuable consideration, the
receipt of which is hereby acknowledged, hereby certifies to FIRST
AMERICAN TRUST COMPANY, not personally, but solely as trustee under
Land Holding Trust PLH-1187, a California corporation having an
office at 421 North Main Street, Santa Ana, CAlifornia 92702,
("Lessee"), INTERNATIONAL BAY CLUBS, INC., a California corporation
having an office at 1221 West Coast Highway, Newport Beach,
California ("IBC"), BBC PROPERTY, INC., a New York corporation
having an office at 1221 West Coast Highway, Newport Beach,
California ("BBC Property"), FSA/IBC Credit Co., a Delaware general
partnership, having an office at c/o Rogers & Wells, 200 Park
Avenue, New York, New York 10166 ("Lender"), FINANCIAL SECURITY
ASSURANCE OF IOWA, INC., an Iowa stock insurance company and
FINANCIAL SECURITY ASSURANCE, INC., a New York stock insurance
company having an office at 350 Park Avenue, Thirteenth Floor, New
York New York 10022 ("Financial Security") (Lender and Financial
Security are hereinafter collectively referred to as the
"Interested Parties") as follows:
1. Lessor previously executed a LESSOR'S ESTOPPEL
CERTIFICATE, ACKNOWLEDGMENT AND CONSENT TO ASSIGNMENT OF LEASEHOLD
ESTATE BY DEED OF TRUST dated May 2, 1989, executed by Lessor by
Donald A. Strauss, its Mayor, and by -Irene Butler, its assistant
City Clerk and approved by Robert Burnham, its City Attorney and
duly acknowledged on May 10, 1989. Said Certificate is hereinafter
referred to as the "CITY ESTOPPEL CERTIFICATE".
2. The CITY ESTOPPEL CERTIFICATE was delivered at the
request of Financial Security and Lender in connection with the
placement of that certain Leasehold Deed of Trust, Assignment of
Rents, Security Agreement and Fixture Filing made by Lessee to
- 2 -
Chicago Title Insurance Company, as Trustee, in favor of Lender,
as Beneficiary (the "Deed of Trust").
3. LESSOR is the landlord under that certain lease with
Lessee more fully described in Exhibit "A" attached to the CITY
ESTOPPEL CERTIFICATE.
4. The CITY ESTOPPEL CERTIFICATE ran in favor, among
others, of an entity named Balboa Bay Credit Co., a Delaware
general partnership, which entity was intended to be formed prior
to the execution of the Deed of Trust.
5. The Interested Parties have formed the entity
originally contemplated to be named "Balboa Bay Credit Co." has
been renamed "FSA/IBC Credit Co."
6. The change in name from Balboa Bay Credit Co. to
FSA/IBC Credit Co. is a change in name only. FSA/IBC Credit Co.
is to fulfill all functions and shall have all rights and
obligations of the Lender named in the CITY ESTOPPEL CERTIFICATE.
7. Financial Security Assurance of Iowa, Inc. has
replaced Financial Security Assurance, Inc. as an Interested Party.
The change in name from Financial Security Assurance, Inc. to
Financial Security of Iowa, Inc. is a change in name only.
Financial Security Assurance of Iowa, Inc. is to fulfill all
functions and shall have all rights and obligations of an
Interested Party.
8. Lessor acknowledges and consents to the change of
name of Lender from Balboa Bay Credit Co. to FSA/IBC Credit Co. and
the change in name from Financial Security Assurance, Inc. to
Financial Assurance of Iowa, Inc. and agrees that the original CITY
ESTOPPEL CERTIFICATE shall remain in full force and effect.
9. Page 1 of the CITY ESTOPPEL CERTIFICATE. is hereby
corrected to add the following address to line 11 thereof,
immediately following the words "BBC Property, Inc., a New York
corporation having an office at":
1221 West Coast Highway
Newport Beach, California 92660.
Page 1 is also hereby corrected to add the following
address to line 13 thereof, immediately following the words "Balboa
- 3 -
Bay Credit Co., a Delaware general partnership having an office
at":
c/o Rogers & Wells
200 Park Avenue
New York, NY 10166
10. Paragraph 3 of the CITY ESTOPPEL CERTIFICATE is
hereby corrected by deleting, in the fifth line thereof the words
"[Sept. 30, 1989)" and replacing it with the words Sept. 30, 1988.
11. Paragraph 5 of the CITY ESTOPPEL CERTIFICATE is
hereby corrected to replace the words "in the amount of" with the
words "in an amount not to exceed" immediately before the number
"$30,000,000.00" in line 2 thereof.
12. Except for the changes of name and the corrections
approved as described above, all remaining terms, covenants and
conditions of the May 10, 1989 CITY ESTOPPEL CERTIFICATE are hereby
ratified, reaffirmed and incorporated herein by this reference as
though fully set forth at length.
IN WITNESS WHEREOF, the undersigned have executed and
acknowledged this certificate as of the 31st day of May, 1989.
Approved as to form
and due thorization
By:
ame: Robert H. Burnham
Title: City Attorney
CITY OF NEWPORT BEACH
By: bjt',�
Name: Pjjthelyn Plummer
Title: Mayor Pro Tem
ATTEST:
Name: IRENE BUTLER
Title: City Clerk
- 4 -
FIRST AMERICAN TRUST COMPANY,
not personally but solely as
trustee of Trust Number PLH-1187
By: t�
Name: William W. Ro e
Title: Attorney in Fact
INTERNATIONAL BAY CLUBS,
INCORPORATED
By: _ cs;��
Name: W.D. Ray
Title: Chief Exec tive Officer
BBC PROPERTY,
By:
Name: W.D. Ray
Title: Chief Execu ive Officer
BALBOA BAY CLUB, INC.
By:
Name: W.D. Ray
Title:
5
the year 1989 before me the
a Notary Public in and for said
n, personally appeared Robert H.
or proved to me on the basis of
person whose name is subscribed
known to me to be the City
:T BEACH, the corporation that
nd acknowledged to me that such
same pursuant to its By-laws or
,tors.
?unto set my hand and affixed my
in this certificate first above
e no
Signature
the year 1989 before me the
i Notary Public in and for said
n, personally appeared Ruthelyn
r proved to me on the basis of
person whose name is subscribed
nown to me to be the Mayor Pro
, the corporation that executed
ledged to me that such CITY OF
pursuant to its By-laws or a
IS.
unto set my hand and affixed my
n this certificate first above
1989
ficate `icate
)f Name ` Name
Signature
STATE OF NEW YORK
ss..
COUNTY OF NEW YORK
On the 2-- day of June, 1989, before me the
undersigned, a Notary Public in and for said County and State,
personally appeared William W. Rome, known to me (or proved to
me on the basis of substantial evidence) to be the person whose
name is subscribed to the foregoing instrument and known to me
to be the Attorney in Fact of First American Trust Company, the
corporation that executed the within instrument not personally
but solely as Trustee of Trust Number PLH-1187 therein described
and acknowledged to me that such corporation executed the
instrument as Trustee under Trust Number PLN -1187 pursuant to
itsy-laws and a resolution of its Board of Directors, made on
J ' ,--vj-e_Ma 1989 and a Power of Attorney dated May �(, 1989 intended
to be recorded simultaneously herewith.
Given under my hand and notarial seal this Z day of June,
Z
Notary Publ'
My Commision Expires:
IRMA ROSCHELLE
Notary Public, State of New York
No. 4831515
Qualified in Nassau County
Term Expires July 31, 1989
L
STATE OF NEW YORK )
ss..
COUNTY OF NEW YORK )
On the _7 day of June, 1989, before me the
undersigned, a Notary Public in and for said County and State,
personally appeared W.D. Ray, known to me (or proved to me on
the basis of substantial evidence) to be the person whose name
is subscribed to the foregoing instrument and known to me to be
the Chief Executive Officer, of International Bay Clubs,
Incorporated, the corporation that executed the within
instrument and acknowledged to me that such corporation executed
the instrument pursuant to its By-laws or a resolution of its
Board of Directors.
Given under my hand and notarial seal this Z- day of June,
1989.
Notary Public
My Commission Expires:
IRMA ROSCHELLE
Notary Public, State of New York
No. 4831515
Qualified in Nassau County
Term Expires July 31, 1989
f�
STATE OF NEW YORK
ss..
COUNTY OF NEW YORK
On the
undersigned, a Notary Public
personally appeared W.D.
the basis of substantial evi
is subscribed to the fore
the Chief Executive Offic
corporation that executed
to me that such corporation
its By-laws or a resolution
day of June, 1989, before me the
in and for said County and State,
Ray, known to me (or proved to me on
dence) to be the person whose name
going instrument and known to me to be
er, of BBC Property, Inc., the
the within instrument and acknowledged
executed the instrument pursuant to
of its Board of Directors.
Given under my hand and notarial seal this day of June,
1989.
Notary Public
My Commission Expires:
IRMA ROSCHELLE
Notary Public, State of New York
No. 48;j i b! 5
Qualified in iN6ssau County
Term Expires July 31, 1999
STATE OF NEW YORK
ss..
COUNTY OF NEW YORK
On the _ZL day of June, 1989, before me the
undersigned, a Notary Public in and for said County and State,
personally appeared W.D. Ray, known to me (or proved to me on
the basis of substantial evidence) to be the person whose name
is subscribed to the foregoing instrument and known to me to be
the Chief Executive Officer, of Balboa Bay Club, Inc., the
corporation that executed the within instrument and acknowledged
to me that such corporation executed the instrument pursuant to
its By-laws or a resolution of its Board of Directors.
Given under my hand and notarial seal this day of June,
1989
t%J
Notary Public
My Commission Expires:
IRMA ROSCHELLE
Notary Public, State of New York
No. 4831515
Qualified in Nassau County
Term Expire• July 31, 1989
ALL THAT CERTAIN LADED SITUATED IN THE STATE OF CALIFORNIA, COUN`!'Y OF
ORANGE, CITY OF N91 ORT BEACH, DESCRIBED AS FOIJ aS:
PARCEL 1:
THAT PORTION OF IAT 171, BLACK 54 OF IRVINE'S SUBDIVISION, AS SHOWN
ON A MAP RECORDED IN BOOK 1, PAGE 88 OF MISCELLANEOUS RECORD MAPS, IN
THE OFFICE OF THE COUNTY RECORDER OF ORANGE COUNTY, CALIFORNIA, AND
THAT PORTION OF THE NAVIGABLE TIDE AND SUBMERGED LANDS, DESCRIBED AS
FOLLOWS:
BEGINNING AT A POINT ON THE U.S. BULKHEAD LINE EXTENDING FROM U.S.
BULKHEAD STATION NO. 129 TO U.S. BULKHEAD STATION NO. 130, AS SAID
BULKHEAD LINE AND BULKHEAD STATIONS ARE LAID OUT AND SHOWN ON A MAP
OF NEWPORT BAY, CALIFORNIA, SHOWING HARBOR LINES APPROVED BY THE WAR
DEPARTMENT, JANUARY 18, 1917, SAID POINT BEING DISTANT SOUTH 61
DEGREES 01' 07" EAST, MEASURED ALONG SAID BULKHEAD LINE, 1498.00 FEET
FROM THE INTERSECTION OF SAID BULKHEAD LINE WITH THE SOUTHWESTERLY
PROLONGATION OF THE CENTERLINE OF IRVINE AVENUE, AS SHOWN ON A MAP OF
FIRST ADDITION TO NEWPORT HEIGHTS, RECORDED IN BOOK 4, PAGE 94 OF
MISCELLANEOUS MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
ORANGE COUNTY, SAID POINT ALSO BEING ON THE SOUTHEASTERLY BOUNDARY
LINE OF PARCEL 1, PER A DEED OF TRUST RECORDED MARCH 30, 1966 IN BOOK
7884, PAGE 298 OF OFFICIAL RECORDS IN THE OFFICE OF THE COUNTY
RECORDER OF SAID ORANGE COUNTY; THENCE ALONG SAID SOUTHEASTERLY
BOUNDARY LINE, THE FOLLOWING COURSES: NORTH 28 DEGREES 58' 53" EAST
130.00 FEET; THENCE NORTH 27 DEGREES 00' 00" WEST 16.66 FEET; THENCE
NORTH 28 DEGREES 58' 53" EAST 195.71 FEET TO A POINT IN THE SOUTH-
WESTERLY LINE OF THE 100 -FOOT RIGHT-OF-WAY OF THE CALIFORNIA STATE
HIGHWAY ORA -60-B, THENCE LEAVING SAID SOUTHEASTERLY BOUNDARY, SOUTH
74 DEGREES 21' 30" EAST ALONG SAID SOUTHWESTERLY LINE, 130.08 FEET TO
THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHERLY, HAVING A RADIUS
OF 2550.00 FEET; THENCE EASTERLY 715.57 FEET ALONG SAID CURVE THROUGH
A CENTRAL ANGLE OF 16 DEGREES 04' 41" TO AN INTERSECTION WITH THE
NORTHEASTERLY PROLONGATION OF THE NORTHWESTERLY LINE OF TRACT NO.
1140, AS SHOWN ON A MAP THEREOF RECORDED IN BOOK 36, PAGE 28 OF
MISCELLANEOUS MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
ORANGE COUNTY; THENCE SOUTH 28 DEGREES 58' 53" WEST 975.03 FEET TO A
LINE PARALLEL WITH AND DISTANT SOUTHWESTERLY 350.00 FEET FROM SAID
BULKHEAD LINE; THENCE NORTH 61 DEGREES 01' 07" WEST 776.91 FEET ALONG
SAID PARALLEL LINE OF THE SOUTHWESTERLY PROLONGATION OF THE SOUTH-
EASTERLY LINE OF SAID PARCEL 1; THENCE ALONG SAID PROLONGATION AND
SAID SOUTHEASTERLY LINE, NORTH 28 DEGREES 58' 53-" EAST 350.00 FEET TO
THE POINT OF BEGINNING.
PARCEL 2:
THAT CERTAIN PARCEL OF LAND MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT ON THE U.S. BULKHEAD LINE, EXTENDING FROM U.S.
BULKHEAD STATION NO. 129 TO U.S. BULKHEAD STATION NO. 130, AS SAID
BULKHEAD LINE AND BULKHEAD STATIONS ARE LAID OUT AND SHOWN ON A MAP
OF NEWPORT BAY, CALIFORNIA, SHOWING HARBOR LINES APPROVED BY THE WAR
DEPARTMENT, JANUARY 18, 1917, WHICH SAID POINT IS DISTANT SOUTH 61
DEGREES 01' 07" EAST, MEASURED ALONG SAID BULKHEAD LINE, 700.00 FEET
FROM THE INTERSECTION OF SAID BULKHEAD LINE WITH THE SOUTHWESTERLY
PROLONGATION OF THE CENTERLINE OF IRVINE AVENUE, AS SHOWN ON A MAP OF
FIRST ADDITION TO NEWPORT HEIGHTS RECORDED IN BOOK 4, PAGE 94 OF
MISCELLANEOUS MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, SAID POINT OF INTERSECTION BEING THE MOST SOUTHERLY CORNER OF
LOT H OF TRACT NO. 919 AS PER MAP RECORDED IN BOOK 29, PAGES 31 TO 34
INCLUSIVE OF MISCELLANEOUS MAPS IN THE OFFICE OF THE COUNTY RECORDER
OF SAID COUNTY; THENCE NORTH 28 DEGREES 58' 53" EAST 154.19 FEET TO A
POINT IN THE SOUTHWESTERLY LINE OF THE 100 -FOOT RIGHT OF WAY OF THE
CALIFORNIA STATE HIGHWAY ORA -60-B, SAID POINT BEING RADIAL TO
ENGINEER'S STATION 6+56.15 IN THE CENTERLINE OF SAID HIGHWAY, SAID
RADIAL BEARS NORTH 19 DEGREES 37' 57" EAST FROM SAID POINT, SAID
SOUTHWESTERLY LINE BEING A CURVE CONCAVE NORTHEASTERLY AND HAVING A
RADIUS OF 2050.00 FEET; THENCE SOUTHEASTERLY ALONG SAID SOUTHWESTERLY
LINE, THROUGH A CENTRAL ANGLE OF 3 DEGREES 59' 27", 142.79 FEET TO A
TANGENT LINE; THENCE SOUTH 74 DEGREES 21' 30" EAST ALONG SAID TANGENT
LINE AND SAID SOUTHWESTERLY LINE, 662.08 FEET; THENCE SOUTH 28
DEGREES 50' 53" WEST 195.71 FEET; THENCE SOUTH 27 DEGREES 00' 00"
EAST 16.66 FEET; THENCE SOUTH 28 DEGREES 58' 53" WEST 480.00 FEET TO
A LINE PARALLEL WITH AND SOUTHWESTERLY 350.00 FEET FROM SAID BULKHEAD
LINE; THENCE NORTH 61 DEGREES 01' 07" WEST ALONG SAID PARALLEL LINE,
A ll1z)iANCE OF 798.00 FEET TO A POINT WHICH BEARS SOUTH 28 DEGREES 58'
53" WEST 350.00 FEET FROM THE POINT OF BEGINNING; THENCE NORTH 28
DEGREES 58' 53" EAST 350.00 FEET TO THE POINT OF BEGINNING.
EXCEPT THAT PORTION DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT ON THE SOUTHERLY LINE OF THE 100 -FOOT RIGHT OF
WAY OF THE CALIFORNIA STATE HIGHWAY ORA -60-B, SAID POINT OF
BEGINNING BEING AT RIGHT ANGLES TO ENGINEER'S STATION 7+95.46 IN THE
CENTERLINE OF SAID HIGHWAY; THENCE SOUTH 15 DEGREES 38' 30" WEST
44.00 FEET; THENCE NORTH 74 DEGREES 21' 30" WEST 34.00 FEET; THENCE
NORTH 15 DEGREES 38' 30" EAST TO AN INTERSECTION WITH THE SAID
SOUTHERLY LINE OF THE STATE HIGHWAY; THENCE SOUTHEASTERLY ALONG SAID
SOUTHERLY LINE TO THE POINT OF BEGINNING.
r'`:,
FkRCEL 3.
A NON-EXCLUSIVE EASEMENT FOR INGRESS AND EGRESS OVER THAT CERTAIN
PARCEL OF LAND INCLUDED WITHIN A STRIP OF LAND 25.00 FEET IN WIDTH,
THE NORTHEASTERLY LINE OF WHICH IS DESCRIBED AS FOLLOWS:
BE IN`4ING AT A POINT ON THE U.S. BULKHEAD LINE EXTENDING FROM U.S.
BULKHEAD STATION NO. 129 TO U.S. BULKHEAD STATION NO. 130, AS SAID
BULKHEAD LINE AND BULKHEAD STATIONS ARE LAID OUT AND SHOWN ON A MAP
OF NEWPORT BAY, CALIFORNIA, SHOWING HARBOR LINES APPROVED BY THE WAR
DEPARTMENT, JANUARY 18, 1917, WHICH SAID POINT IS DISTANT SOUTH 61
DEGREES 01' 07" EAST, MEASURED ALONG SAID BULKHEAD LINE, 700.00 FEET
FROM THE INTERSECTION OF SAID BULKHEAD LINE WITH THE SOUTHWESTERLY
PROLONGATION OF THE CENTERLINE OF IRVINE AVENUE, AS SHOWN ON A MAP OF
FIRST ADDITION TO NEWPORT HEIGHTS RECORDED IN BOOK 4, PAGE 94 OF
MISCELLANEOUS MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, SAID POINT OF INTERSECTION BEING THE MOST SOUTHERLY CORNER OF
LOT H OF TRACT NO. 919, AS PER MAP RECORDED IN BOOK 29, PAGES 31 TO
34 INCLUSIVE OF MISCELLANEOUS MAPS IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY; THENCE NORTH 28 DEGREES 58' 53" EAST 154.19
FEET TO A POINT IN THE SOUTHWESTERLY LINE OF THE 100 -FOOT RIGHT OF
WAY OF THE CALIFORNIA STATE HIGHWAY ORA -60-B, SAID POINT BEING RADIAL
TO ENGINEER'S STATION 6+56.15 IN THE CENTERLINE OF SAID HIGHWAY, SAID
RADIAL BEARS NORTH 19 DEGREES 37' 57" EAST FROM SAID POINT, SAID
SOUTHWESTERLY LINE BEING A CURVE CONCAVE NORTHEASTERLY AND HAVING A
RADIUS OF 2050.00 FEET; THENCE SOUTHEASTERLY ALONG SAID SOUTHWESTERLY
LINE, THROUGH A CENTRAL ANGLE OF 3 DEGREES 59' 2711, 142.79 FEET TO A
TANGENT LINE; THENCE SOUTH 74 DEGREES 21' 30" EAST ALONG SAID TANGENT
LINE AND SAID SOUTHWESTERLY LINE, 662.08 FEET TO THE TRUE POINT OF
BEGINNING; THENCE SOUTH 74 DEGREES 21' 30" EAST 130.08 FEET TO THE
BEGINNING OF A CURVE ON SAID SOUTHWESTERLY LINE, CONCAVE NORTH-
EASTERLY, HAVING A RADIUS OF 2550.00 FEET; THENCE SOUTHEASTERLY
715.56 FEET ALONG SAID CURVE, THROUGH A CENTRAL ANGLE OF 16 DEGREES
04' 40" TO THE NORTHEASTERLY PROLONGATION OF THE NORTHWESTERLY LINE
OF TRACT NO. 1140, AS PER MAP RECORDED IN BOOK 36, PAGE 28 OF
MISCELLANEOUS MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY.
THE SOUTHWESTERLY LINE OF SAID 25.00 -FOOT STRIP IS TO BE SHORTENED SO
AS TO TERMINATE IN SAID NORTHWESTERLY PROLONGATION AND LENGTHENED SO
AS TO TERMINATE ON A LINE WHICH BEARS SOUTH 28 DEGREES 58' 53" WEST
FROM THE TRUE POINT OF BEGINNING.
PARCEL 4:
A NON-EXCLUSIVE EASEMENT FOR AUTO PARKING PURPOSES OVER THE SOUTH-
WESTERLY 20.00 FEET OF THE NORTHEASTERLY 45.00 FEET OF THAT CERTAIN
PARCEL MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT ON THE U.S. BULKHEAD LINE EXTENDING FROM U.S.
BULKHEAD STATION NO. 129 TO U.S. BULKHEAD STATION NO. 130, AS SAID
BULKHEAD LINE AND BULKHEAD STATIONS ARE LAID OUT AND SHOWN ON A MAP
OF NEWPORT BAY, CALIFORNIA, SHOWING HARBOR LINES APPROVED BY THE WAR
DEPARTMENT, JANUARY 18, 1917, WHICH SAID POINT IS DISTANT SOUTH 61
DEGREES 01' 07" EAST, MEASURED ALONG SAID BULKHEAD LINE, 700.00 FEET
FROM THE INTERSECTION OF SAID BULKHEAD LINE WITH THE SOUTHWESTERLY
PROLONGATION OF THE CENTERLINE OF IRVINE AVENUE, AS SHOWN ON A MAP OF
FIRST ADDITION TO NEWPORT HEIGHTS RECORDED IN BOOK 4, PAGE 94 OF
MISCELLANEOUS MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, SAID POINT OF INTERSECTION BEING THE MOST SOUTHERLY CORNER OF
LOT H OF TRACT NO. 919, AS SHOWN ON A MAP RECORDED IN BOOK 29, PAGES
31 TO 34 INCLUSIVE OF MISCELLANEOUS MAPS IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY; THENCE NORTH 28 DEGREES 58' 53" EAST 154.19
FEET TO A POINT IN THE SOUTHWESTERLY LINE OF THE 100 -FOOT RIGHT OF
WAY OF THE CALIFORNIA STATE HIGHWAY ORA -60-B, SAID POINT BEING RADIAL
TO ENGINEER'S STATION 6+56.15 IN THE CENTERLINE OF SAID HIGHWAY, SAID
RADIAL BEARS NORTH 19 DEGREES 37' 57" EAST FROM SAID POINT, SAID
SOUTHWESTERLY LINE BEING A CURVE CONCAVE NORTHEASTERLY AND HAVING A
RADIUS OF 2050.00 FEET; THENCE SOUTHEASTERLY ALONG SAID SOUTHWESTERLY
LINE, THROUGH A CENTRAL ANGLE OF 3 DEGREES 59' 27", 142.79 FEET TO A
TANGENT LINE; THENCE SOUTH 74 DEGREES 21' 30" EAST ALONG SAID TANGENT
LINE AND SAID SOUTHWESTERLY LINE, 662.08, FEET TO THE TRUE POINT OF
BEGINNING; THENCE SOUTH 28 DEGREES 58' 53" WEST 195.71 FEET; THENCE
SOUTH 27 DEGREES 00' 00" EAST 16.66 FEET; THENCE SOUTH 28 DEGREES 58'
53" WEST 480.00 FEET TO A LINE PARALLEL WITH AND SOUTHWESTERLY 350.00
FEET FROM SAID BULKHEAD LINE; THENCE SOUTH 61 DEGREES O1' 07" EAST
235.68 FEET ALONG SAID PARALLEL LINE; THENCE NORTH 29 DEGREES 30' 13"
EAST 697.99 FEET; THENCE NORTH 11 DEGREES 45' 40" EAST 49.32 FEET TO
SAID SOUTHWESTERLY L114E OF THE STATE HIGHWAY, SAID SOUTHWESTERLY LINE
BEING A CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 2550.00 FEET;
THENCE NORTHWESTERLY 118.56 FEET ALONG SAID CURVE, THROUGH A CENTRAL
ANGLE OF 2 DEGREES 39' 50" TO THE NORTHWESTERLY TERMINUS THEREOF;
THENCE NORTH 74 DEGREES 21' 30" WEST 130.08 FEET TO THE TRUE POINT OF
BEGINNING.