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HomeMy WebLinkAboutLot Line Adjustment LLA1999002 - Project Description40 0- LOT LINE ADJUSTMENT NO. 99- NARRATIVE February 12, 1999 Lot Line Adjustment No. 99- is a request by PLC Land Company and Aera Energy LLC to adjust the property line between two adjoining parcels of land located west of Goldenwest Street and south of Palm Avenue. The boundary adjustment is to be followed by an exchange of deeds quitclaiming each party's interest in the areas to the adjoining owner. The property exchange is part of a March 1996 agreement between PLC and Aera Energy's predecessor, CalResources. As currently configured, PLC's ownership is 58.07 acres and Aera's is 93.41 acres. The lot line adjustment will reconfigure the boundary such that 2.16 acres of PLC property located along Palm Avenue will be added to the Aera property. In exchange, 1.73 acres of Aera property located near Goldenwest Street will be added to PLC's property. Legal descriptions for the properties are attached. The PLC property is a vacant prior oilfield. Existing improvements include a perimeter masonry wall, landscaping and street and sidewalk improvements along Palm Avenue and portions of Goldenwest Street. In addition to the existing wall and landscaping, the area to be exchanged to Aera includes a number of above- and below-ground oil pipelines and underground electrical utility lines associated with Aera's oil operations. The Aera property is involved with ongoing onshore and offshore oil and gas production and developed with several office and shop buildings and numerous production facilities. The area to be exchanged to PLC is mostly vacant and includes a small masonry structure to be demolished and a chemical storage yard, which is proposed to be relocated to another location by Aera. Aera plans to continue to utilize the area added to its property as currently improved. PLC plans to incorporate the area added to its property for residential and landscaped open space uses as part of the Palm and Goldenwest Specific Plan development. Improvements to the properties will be addressed with future subdivision and improvement proposals.