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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.