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HomeMy WebLinkAboutLot Line Adjustment LLA1999002 - Supporting Documentsa NOTICE OF EXEMPTION To:From: Office of Planning and Research 1400 Tenth Street, Room 121 Sacramento, CA 95814 Gary L. Granville Orange County Clerk-Recorder 630 N. Broadway P.O. Box 238 Santa Ana, CA 92702 City of Huntington Beach Planning Department 2000 Main Street Huntington Beach, CA 92648 Project Title: Lot Line Ad'ustment 99-2 Project Location -Specific : 20031 Goldenwest Huntin ton Beach CA 92648 Project Location -City: HUNTINGTON BEACH Project Location -County: ORANGE Project Description : To adjust a common lot line between two conti uous arcels. Public Agency Approving Project : Ci of Huntin ton Beach. Person or Agency Carrying Out Project : Communit Develo ment De artment Exempt Status: Ministerial (Sec. 21080(b)(1); 15268). Declared Emergency (Sec. 21080(b)(3); 15269(a)). Emergency Project (Sec. 21080(b)(4); 15269(b)(c)). Categorical Exemption (Class 1; Section 15301). Statutory Exemption (State Code Number Other (Govt. Code Sec. _. Reasons why the project is exempt : It involves a minor adjust to two existing lots of record. Lead Agency Contact Person : Bob Goldin Telephone : 714 536-5270 If filed by applicant: 1. Attach certified document of exemption finding. 2. Has a Notice of Exemp ' n been ed by the Public Agency-approv/iing the project? Yes No Signature:Title:f CF' I Aua.'Date: ? r_ fj Signed by Lead Agency Signed by Applicant PLC, A CA General PartnershipPSI 23 CORPORATE PLAZA, SUITE 250M NEWPORT BEACH, CA 92660 (949) 721-9777 BANK OF AMERICA NT & SA 16-66 South Orange RCBO #1458 1220 3233 Park Center Drive, 2nd Floor Costa Mesa, CA 92626 008168 Pay: ***************************************Thirty-eight dollars and no centsPay: June 24, 1999 DATE CHECK NO.AMOUNT 8168 $*********38.00 PAY County of Orange TO THE ORDER OF L c(q-v2- 0 0 COMMUNITY DEVELOPMENT DEPARTMENT DEVELOPMENT REVIEW REQUEST TO: Bruce Crosby, Public Works Tim Greaves, Fire Khanh Nguyen, Building Daryl Smith, Park, Tree & Landscape FROM: BOB GOLDIN Ext: 5270 DATE: 4-26-99 PC X ZA PETITION(S): Lot Line Adjustment 99-2 REQUEST(S): A request by PLC Land Company to adjust a lot line between their parcel and the Aera Energy parcel to expedite an exchange of interests in real property between these two property owners, exhibits attached. LOCATION : 20031 Goldenwest Street, the site located between PCH, Goldenwest, Palm and Seapoint. ZONE: IG,RH, CG GENERAL PLAN: MH-F2/30 EXISTING USE: Oil roduction and vacant Please submit your concerns and recommended changes or conditions in writing on or before 5-10-99 .' CONDITIONS OF APPROVAL: (Use attachments or back side of sheet if necessary) w /1 990EIVED APR 271999 FIREDEPARTMENT RESPONSE BY: _ Extension attachments RECEIVED APR 07 1939 April 6, 1999 Mr. William D. Holman PLC Land Company 23 Corporate Plaza, Suite 250 Newport Beach, CA 92660 Dear Bill: Subject: Lot Line Adjustment In accordance with your request and our Agreement dated March 11, 1996, Aera Energy LLC (Aera) hereby authorizes PLC Land Company to submit the City of Huntington Beach Lot Line Adjustment Application Form on behalf of Aera. The property line between the two adjoining parcels of land is located west of Goldenwest Street and south of Palm Avenue. If you have any questions, please call me at (805) 326-5350. Very truly yours, Randy Ponder Contract Landman Aera Energy LLC • 5060 California Avenue • PO. Box 11164 • Bakersfield, CA 93389-1164 • (805) 326-5000 • Fax (805) 326-5065 CITY OF HUNTINGTON BEACH LOT UNE ADJUSTMENT LL 99 - OWNERS PLC, A CA. GENERAL PARTNERSHIP AERA ENERGY LLC. SEE SHEET 2 53' MAP EXISTING PARCELS AP NUMBER 023-181-55 023-181-53 do 54 PARCEL I PARCEL 2 SSS k.ME qsG OQ o No. 3347 `ply Exp. 6-30-00 e 0r PARCEL 2 93.84 A.C. 53' Iz `; . 50 L1 PROPOSED PARCELS REFERENCE NUMBER PROPOSED LOT LJIES. EXISTING LOT LINES. ------ REMOVED LOT LINES 1. SEE SHEET 3 FOR LINE AND CURVE DATA TABLES 'pp r \ \ti`S y 53' P.O.B. 602.85' PARCEL f57.64 A.C. 1748.83' N 41'37' E 2421.68' I of 31 „f Iv 1 zl CITY OF HUNTINGTON BEACH LOT UNE ADJUSTMENT LL 99 MAP OWNERS PLC, A CA. GENERAL PARTNERSHIP 023-181-55 AERA ENERGY LLC. 023-181-53 & 54 PROPOSED PARCELS REFERENCE NUMBER PARCEL 1 PARCEL 2 NANE !jq`rliG vo f.: 53' 53. I ,,I , 1gl %01-Q I t,N PARCEL 2 93.84 AC. EXISTING PARCELS AP NUMBER L4rj Li ,07 4v 7, cn' '2b -I JI /A z zl 0 , \\50't I SFr ,r L-`` rC I \i L121 + i y SEE SHEET I No. 3347sqEXP 6-30-00 OF cNO PROPOSED LOT LINES. EXISTING LOT LINES. - - - - - - REMOVED LOT LINES. 1[1ies 1. SEE SHEET 3 TOR LINE AND CURVE DATA TABLES. SHEET 2 OF 3 1- CITY OF HUNTINGTON BEACH LOT LINE ADJUSTMENT LL 99 -- MAP OWNERS EXISTING PARCELS PROPOSED PARCELS AP NUMBER REFERENCE NUMBER PLC, A CA. GENERAL PARTNERSHIP 023-181-55 PARCEL 1 AERA ENERGY LLC. 023-181-53 & 54 PARCEL 2 CURVE & LINE DATA TABLES: LINE DIRECTION DISTANCE CURVE DELTA RADIUS LENGTH L1 N 89'3849' W 85.09'Cl 18'09'16"1800.00 570.34 L2 N 11'3226" W 150.83'C2 24'1451"600.00 253.92 L3 N 59'5739' W 385.04'C3 33'1859"700.00 407.04 L4 N 4356'32' E 79.51'C4 18'03'26"600.00 189.09 L5 N 4558'52' W 465.46'C5 12'31'21'650.00 142.06 L6 N 70'00'00" W 97.77'C6 39'4757'850.00 590.43 L7 N 28'58'18" ER'50.00'C7 4714'50'950.00 700.49 L8 N 48'30121' W 467.24'C8 48'25' 13"1522.00 1286.23 L9 N 4743'02" E 20.00'C9 90'00'00'30.00 47.12 L10 N 4716'58" W 120.90'CIO 075950"1540.00 214.95 L11 N 46'03'28" W 384.59'C11 0550'34'1528.00 155.82 L12 N 43'5632" E 36.07'C12 0500'46"950.00 83.12 L13 N 41'3722' E 100.00'C13 3714'04'950.00 617.37 L14 N 48'2238' W R 45.00' L15 N 79'05'08' W 479.34' L16 N 43"56'32' E 67.42' L17 N 43'5632" E 12.12' r*Nt LAND SANE 70 No. 3347 `J9 Exp. 6-30-00lF OF C A\-' SHEET 3 OF 3 CITY OF HUNTINGTON BEACH LOT UNE ADJUSTMENT LL 99 - LEGAL DESCRIPTION OWNERS EXISTING PARCELS PROPOSED PARCELS AP NUMBER REFERENCE NUMBER PLC, A CA. GENERAL PARTNERSHIP 023-181-55 PARCEL I AERA ENERGY LLC. 023-181-53 & 54 PARCEL 2 PAGE 1 OF 4 BEING THOSE PORTIONS OF PARCEL 1, IN THE CITY OF HUNTINGTON BEACH, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED IN THAT CERTAIN CONDITIONAL CERTIFICATE OF COMPLIANCE NO. 96-5, RECORDED FEBRUARY 28, 1996 AS INSTRUMENT NO. 19960095326, TOGETHER WITH PORTIONS OF PARCEL 1, AS DESCRIBED IN THAT CERTAIN CERTIFICATE OF COMPLIANCE NO. 96-2, RECORDED FEBRUARY 28, 1.996 AS INSTRUMENT NO. 19960095323, BOTH OF OFFICIAL RECORDS OF SAID COUNTY, MORE PARTICULARLY DESCRIBED AS FOLLOWS: PARCEL 1 PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-5; TOGETHER WITH THE FOLLOWING DESCRIBED PORTION OF PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-2; BEGINNING AT A POINT ON THE SOUTHEASTERLY LINE OF SAID PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-2, SAID POINT BEING NORTH 41°37'22" EAST, 602.85 FEET, MEASURED ALONG SAID SOUTHEASTERLY LINE FROM THE MOST SOUTHERLY CORNER OF SAID PARCEL 1; THENCE LEAVE SAID SOUTHEASTERLY LINE NORTH 48°22'38" WEST, 774.02 FEET; THENCE NORTH 41°37'22" EAST, 100.00 FEET TO A POINT ON THE NORTHEASTERLY LINE OF SAID PARCEL 1; THENCE SOUTH 48°22'38" EAST, 699.00 FEET ALONG SAID NORTHEASTERLY LINE TO THE BEGINNING OF A TANGENT CURVE CONCAVE WESTERLY HAVING A RADIUS OF 30.00 FEET; THENCE SOUTHERLY, 47.12 FEET ALONG SAID CURVE AND SAID NORTHEASTERLY LINE THROUGH A CENTRAL ANGLE OF 90°00'00"; THENCE SOUTH 48°22'38" EAST 45.00 FEET ALONG SAID NORTHEASTERLY LINE TO THE MOST EASTERLY CORNER OF SAID PARCEL 1, SAID POINT ALSO BEING ON THE CENTERLINE OF GOLDENWEST STREET AS SHOWN ON SAID CERTIFICATE OF COMPLIANCE NO. 96-2; THENCE SOUTH 41°37'22" WEST, 70.00 FEET ALONG THE SOUTHEASTERLY LINE OF SAID PARCEL 1 AND SAID CENTERLINE OF GOLDENWEST STREET TO THE POINT OF BEGINNING. CITY OF HUNTINGTON BEACH LOT LINE ADJUSTMENT LL 99 - LEGAL DESCRIPTION OWNERS EXISTING PARCELS PROPOSED PARCELS AP NUMBER REFERENCE NUMBER PLC, A CA. GENERAL PARTNERSHIP 023-181-55 PARCEL I AERA ENERGY LLC. 023-181-53 & 54 PARCEL 2 PAGE 2 OF 4 EXCEPTING THEREFROM THE FOLLOWING DESCRIBED PORTION OF SAID PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-5; BEGINNING AT THE MOST WESTERLY CORNER OF SAID PARCEL 1; THENCE NORTH 43°56'32" EAST, 67.42 FEET ALONG THE NORTHWESTERLY LINE OF SAID PARCEL 1 TO THE MOST NORTHERLY CORNER OF SAID PARCEL 1; THENCE SOUTH 46°03'28" EAST, 1505.13 FEET ALONG THE NORTHEASTERLY LINE OF SAID PARCEL 1 TO THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 950.00 FEET; THENCE SOUTHEASTERLY, 83.12 FEET ALONG SAID CURVE AND SAID NORTHEASTERLY LINE THROUGH A CENTRAL ANGLE OF 05°00'46", A RADIAL LINE TO SAID POINT BEARS NORTH 38°55'46" EAST; THENCE LEAVING SAID NORTHEASTERLY LINE SOUTH 43°56'32" WEST, 36.07 FEET; THENCE SOUTH 46°03'28" EAST, 384.59 FEET; THENCE SOUTH 47°16'58" EAST, 120.90 FEET; THENCE SOUTH 42°43'02" WEST, 20.00 FEET TO A POINT ON THE SOUTHWESTERLY LINE OF SAID PARCEL 1; THENCE NORTH 47°16'58" WEST, 121.25 FEET ALONG SAID SOUTHWESTERLY LINE; THENCE NORTH 46°03'28" WEST, 1758.56 FEET ALONG SAID SOUTHWESTERLY LINE TO THE BEGINNING OF A TANGENT CURVE CONCAVE SOUTHWESTERLY HAVING A RADIUS OF 1540.00 FEET; THENCE NORTHWESTERLY ALONG SAID CURVE AND SAID SOUTHWESTERLY LINE 214.95 FEET THROUGH A CENTRAL ANGLE OF 07°59'50" TO THE POINT OF BEGINNING. PARCEL 1 CONTAINING AN AREA OF 57.64 ACRES, MORE OR LESS.. CITY OF HUNTINGTON BEACH LOT UNE ADJUSTMENT LL 99 - LEGAL DESCRIPTION OWNERS EXISTING PARCELS PROPOSED PARCELS AP NUMBER REFERENCE NUMBER PLC, A CA. GENERAL PARTNERSHIP 023-181-55 PARCEL 1 AERA ENERGY LLC. 023-181-53 & 54 PARCEL 2 PARCEL 2 PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-2; PAGE 3 OF 4 TOGETHER WITH THE FOLLOWING DESCRIBED PORTION OF PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-5; BEGINNING AT THE MOST WESTERLY CORNER OF SAID PARCEL 1; THENCE NORTH 43°56'32" EAST, 67.42 FEET ALONG THE NORTHWESTERLY LINE OF SAID PARCEL 1 TO THE MOST NORTHERLY CORNER OF SAID PARCEL 1; THENCE SOUTH 46°03'28" EAST, 1505.13 FEET ALONG THE NORTHEASTERLY LINE OF SAID PARCEL 1 TO THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 950.00 FEET; THENCE SOUTHEASTERLY, 83.12 FEET ALONG SAID CURVE AND SAID NORTHEASTERLY LINE THROUGH A CENTRAL ANGLE OF 05°00'46", A RADIAL LINE TO SAID POINT BEARS NORTH 38°55'46" EAST; THENCE LEAVING SAID NORTHEASTERLY LINE SOUTH 43°56'32" WEST, 36.07 FEET; THENCE SOUTH 46°03'28" EAST, 384.59 FEET; THENCE SOUTH 47°16'58" EAST, 120.90 FEET; THENCE SOUTH 42°43'02" WEST, 20.00 FEET TO A POINT ON THE SOUTHWESTERLY LINE OF SAID PARCEL 1; THENCE NORTH 47°16'58" WEST, 121.25 FEET ALONG SAID SOUTHWESTERLY LINE; THENCE NORTH 46°03'28" WEST, 1758.56 FEET ALONG SAID SOUTHWESTERLY LINE TO THE BEGINNING OF A TANGENT CURVE CONCAVE SOUTHWESTERLY HAVING A RADIUS OF 1540.00 FEET; THENCE NORTHWESTERLY ALONG SAID CURVE AND SAID SOUTHWESTERLY LINE 214.95 FEET THROUGH A. CENTRAL ANGLE OF 07°59'50" TO THE POINT OF BEGINNING. CITY OF HUNTINGTON BEACH LOT LINE ADJUSTMENT LL 99 - LEGAL DESCRIPTION OWNERS EXISTING PARCELS PROPOSED PARCELS AP NUMBER REFERENCE NUMBER PLC, A CA. GENERAL PARTNERSHIP 023-181-55 PARCEL I AERA ENERGY LLC. 023-181-53 & 54 PARCEL 2 PAGE 4 OF 4 EXCEPTING THEREFROM THE FOLLOWING DESCRIBED PORTION OF SAID PARCEL 1 OF CERTIFICATE OF COMPLIANCE NO. 96-2; BEGINNING AT A POINT ON THE SOUTHEASTERLY LINE OF SAID PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-2, SAID POINT BEING NORTH 41°37'22" EAST, 602.85 FEET, MEASURED ALONG SAID SOUTHEASTERLY LINE FROM THE MOST SOUTHERLY CORNER OF SAID PARCEL 1; THENCE LEAVE SAID SOUTHEASTERLY LINE NORTH 48°22'38" WEST, 744.02 FEET; THENCE NORTH 41°37'22" EAST, 100.00 FEET TO A POINT ON THE NORTHEASTERLY LINE OF SAID PARCEL 1; THENCE SOUTH 48°22'38" EAST, 699.00 FEET ALONG SAID NORTHEASTERLY LINE TO THE BEGINNING OF A TANGENT CURVE CONCAVE WESTERLY HAVING A RADIUS OF 30.00 FEET; THENCE SOUTHERLY, 47.12 FEET ALONG SAID CURVE AND SAID NORTHEASTERLY LINE THROUGH A CENTRAL ANGLE OF 90°00'00"; THENCE SOUTH 48°22'38" EAST 45.00 FEET ALONG SAID NORTHEASTERLY LINE TO THE MOST EASTERLY CORNER OF SAID PARCEL 1, SAID POINT ALSO BEING ON THE CENTERLINE OF GOLDENWEST STREET AS SHOWN ON SAID CERTIFICATE OF COMPLIANCE NO. 96-2; THENCE SOUTH 41°37'22" WEST, 70.00 FEET ALONG THE SOUTHEASTERLY LINE OF SAID PARCEL 1 AND SAID CENTERLINE OF GOLDENWEST STREET TO THE POINT OF BEGINNING. PARCEL 2 CONTAINING AN AREA OF 93.84 ACRES, MORE OR LESS. plc April 6, 1999 Mr. Howard Zelefsky, Director Planning Department 2000 Main Street Huntington Beach, CA 92648 Subject: Lot Line Adjustment between PLC and Aera Energy LLC properties at Palm Avenue and Goldenwest Street Dear Howard: PLC and Aera Energy LLC are proposing to adjust the boundary between their adjoining properties located west of Goldenwest Street, between Palm Avenue and Pacific Coast Highway. A lot line adjustment is proposed to establish the revised property boundary prior to City approval of zoning for these properties. Enclosed please find the following materials for the requested lot line adjustment: 1. Subdivision application form 2. Written narrative 3. Lot Line Adjustment exhibit including legal description and sketches 4. Preliminary title reports 5. Check for $990.00 application fee Thank you for your assistance with this request. Please call me if you have any questions or require additional information. Very truly yours, William D. Holman Planning & Government Relations Enclosures cc: Mary Beth Broeren, Senior Planner Bob Goldin Randy Ponder, Aera Energy LLC G PLC Land Company 23 Corporate Plaza, Suite 250 949. 721. 9777 Telephone Newport Beach, California 92660 949. 729. 1214 Facsimile Go 4P i!! AERA April 6, 1999 Mr. William D. Holman PLC Land Company 23 Corporate Plaza, Suite 250 Newport Beach, CA 92660 Dear Bill: Subject: Lot Line Adjustment RECEIVED APR 0 7 '1999 In accordance with your request and our Agreement dated March 11, 1996, Aera Energy LLC (Hera ) hereby authorizes PLC Land Company to submit the City of Huntington Beach Lot Line Adjustment Application Form on behalf of Aera. The property line between the two adjoining parcels of land is located west of Goldenwest Street and south of Palm Avenue. If you have any questions, please call me at (805) 326-5350. Very truly yours, 7 Randy Ponder Contract Landman Aera Energy LLC • 5060 California Avenue • PO. Box 11164 • Bakersfield, CA 93389-1164 • (805) 326-5000 • Fax (805) 326-5065 CITY OF HUNTINGTON BEACH LOT LINE ADJUSTMENT OWNERS PLC, A CA. GENERAL PARTNERSHIP AERA ENERGY LLC. 53' PARCEL 2 93.84 A.C. o 602.85' No. 3347 `f'l9 Exp. 6-30-00lF Op c p-\S%T LL 99 - MAP EXISTING PARCELS AP NUMBER 023-181-55 023-181-53 & 54 ti Ins Imo'W 50' PARCEL 1 57.64 AC. 53' L133 I o I 3 gIZ 3.cI `OI P.O.B.8 j Z O iO'4 1748.83' N 41'37- E 2421.68' PROPOSED PARCELS REFERENCE NUMBER PARCEL I PARCEL 2 ONL LAND ,\oSANE o PROPOSED LOT LINES. EXISTING LOT LINES. ------ REMOVED LOT LINES. 1. SEE SHEH 3 FOR UNE AND CURVE DATA TABLES ............ C................_._..... $...................R ... ....... ------- .. .... ....... ....... ----------- . SHEET I OF 3 CITY OF HUNTINGTON BEACH LOT UNE ADJUSTMENT LL 99 - MAP OWNERS EXISTING PARCELS AP NUMBER PLC, A CA. GENERAL PARTNERSHIP 023-181-55 AERA ENERGY LLC.023-181-53 & 54 !l- 53, PARCEL 2 93.84 AC. PROPOSED PARCELS REFERENCE NUMBER PARCEL I PARCEL 2 O ^t`'0 ',ANE ly9sG` J No. 3347 `'may Exp. 6-30-00lF OF C kv\ %% PROPOSED LOT LINES. EXISTING LOT LINES. - - - - - - REMOVED LOT LINES. L4L1 f i l ,,ti QI tt ti I k I ^ AJ 50,I `fir 1. SEE SHEEP 3 FOR LINE AND CURVE DATA TABLES.Lu -kl I zI ? `53' 50, Ar J J i `(lR 49L12-/ sr%W\0 '-.•r9n ^ I r `J ,OJ I - ;`•k Pity SEE SHEET 1 0 SHEET 2 OF 3 CITY OF HUNTINGTON BEACH LOT UNE ADJUSTMENT LL 99 MAP OWNERS EXISTING PARCELS PROPOSED PARCELS AP NUMBER REFERENCE NUMBER PLC, A CA. GENERAL PARTNERSHIP 023-181-55 PARCEL 1 AERA ENERGY LLC. LINE TABLES: 023-181-53 & 54 PARCEL 2 CURVE & LINE DATA TABLES: LINE DIRECTION DISTANCE CURVEDELTA RADIUS LENGTH L1 N 89'38'49" W 85.09'C1 18'09'16"1800.00 570.34 L2 N 11'3226' W 150.83'C2 24'1451'600.00 253.92 L3 N 59'5739" W 385.04'C3 33'1859"700.00 407.04 L4 N 43'5632" E 79.51'C4 18'0326"600.00 189.09 L5 N 4558'52" W 465.46'C5 173121"650.00 142.06 L6 N 70'00'00" W 97.77'C6 39'4757"850.00 590.43 L7 N 28'58'18" E R 50.00'C7 4714'50"950.00 700.49 L8 N 48'30'21' W 467.24'C8 48'25' 13"1522.00 1286.23 L9 N 42'43'02' E 20.00'C9 90100100"30.00 47.12 L 10 N 4716'58" W 120.90'CIO 0759'50'1540.00 214.95 L 11 N 46'03'28" W 384.59'C II 05150134"1528.00 155.82 L12 N 43'5632' E 36.07'C12 0500'46"950.00 83.12 L13 N 41'3722" E 100.00'C13 3714'04'950.00 617.37 L14 N 48'2238" W R 45.00' L15 N 79'05'08" W 479.34' L16 N 43'56'32" E 67.42' L17 N 43'56'32' E 12.12' ONL LAND vANE yoa No. 3347 `PJ9 Exp. 6-30-00lF OF Ckol SHEET 3 OF 3 0 CITY OF HUNTINGTON BEACH LOT UNE ADJUSTMENT LL 99 - LEGAL DESCRIPTION OWNERS EXISTING PARCELS PROPOSED PARCELS AP NUMBER REFERENCE NUMBER PLC, A CA. GENERAL PARTNERSHIP 023-181-55 PARCEL I AERA ENERGY LLC. 023-181-53 & 54 PARCEL 2 PAGE 1 OF 4 BEING THOSE PORTIONS OF PARCEL 1, IN THE CITY OF HUNTINGTON BEACH, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED IN THAT CERTAIN CONDITIONAL CERTIFICATE OF COMPLIANCE NO. 96-5, RECORDED FEBRUARY 28, 1996 AS INSTRUMENT NO. 19960095326, TOGETHER WITH PORTIONS OF PARCEL 1, AS DESCRIBED IN THAT CERTAIN CERTIFICATE OF COMPLIANCE NO. 96-2, RECORDED FEBRUARY 28, 1996 AS INSTRUMENT NO. 19960095323, BOTH OF OFFICIAL RECORDS OF SAID COUNTY, MORE PARTICULARLY DESCRIBED AS FOLLOWS: PARCEL 1 PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-5; TOGETHER WITH THE FOLLOWING DESCRIBED PORTION OF PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-2; BEGINNING AT A POINT ON THE SOUTHEASTERLY LINE OF SAID PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-2, SAID POINT BEING NORTH 41°37'22" EAST, 602.85 FEET, MEASURED ALONG SAID SOUTHEASTERLY LINE FROM THE MOST SOUTHERLY CORNER OF SAID PARCEL 1; THENCE LEAVE SAID SOUTHEASTERLY LINE NORTH 48°22'38" WEST, 774.02 FEET; THENCE NORTH 41°37'22" EAST, 100.00 FEET TO A POINT ON THE NORTHEASTERLY LINE OF SAID PARCEL 1; THENCE SOUTH 48°22'38" EAST, 699.00 FEET ALONG SAID NORTHEASTERLY LINE TO THE BEGINNING OF A TANGENT CURVE CONCAVE WESTERLY HAVING A RADIUS OF 30.00 FEET; THENCE SOUTHERLY, 47.12 FEET ALONG SAID CURVE AND SAID NORTHEASTERLY LINE THROUGH A CENTRAL ANGLE OF 90°00'00"; THENCE SOUTH 48°22'38" EAST 45.00 FEET ALONG SAID NORTHEASTERLY LINE TO THE MOST EASTERLY CORNER OF SAID PARCEL 1, SAID POINT ALSO BEING ON THE CENTERLINE OF GOLDENWEST STREET AS SHOWN ON SAID CERTIFICATE OF COMPLIANCE NO. 96-2; THENCE SOUTH 41°37'22" WEST, 70.00 FEET ALONG THE SOUTHEASTERLY LINE OF SAID PARCEL 1 AND SAID CENTERLINE OF GOLDENWEST STREET TO THE POINT OF BEGINNING. • CITY OF HUNTINGTON BEACH LOT LINE ADJUSTMENT LL 99 - LEGAL DESCRIPTION OWNERS EXISTING PARCELS PROPOSED PARCELS AP NUMBER REFERENCE NUMBER PLC, A CA. GENERAL PARTNERSHIP 023-181-55 PARCEL I AERA ENERGY LLC. 023-181-53 & 54 PARCEL 2 PAGE 2 OF 4 EXCEPTING THEREFROM THE FOLLOWING DESCRIBED PORTION OF SAID PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-5; BEGINNING AT THE MOST WESTERLY CORNER OF SAID PARCEL 1; THENCE NORTH 43°56'32" EAST, 67.42 FEET ALONG THE NORTHWESTERLY LINE OF SAID PARCEL 1 TO THE MOST NORTHERLY CORNER OF SAID PARCEL 1; THENCE SOUTH 46°03'28" EAST, 1505.13 FEET ALONG THE NORTHEASTERLY LINE OF SAID PARCEL 1 TO THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 950.00 FEET; THENCE SOUTHEASTERLY, 83.12 FEET ALONG SAID CURVE AND SAID NORTHEASTERLY LINE THROUGH A CENTRAL ANGLE OF 05°00'46", A RADIAL LINE TO SAID POINT BEARS NORTH 38°55'46" EAST; THENCE LEAVING SAID NORTHEASTERLY LINE SOUTH 43°56'32" WEST, 36.07 FEET; THENCE SOUTH 46°03'28" EAST, 384.59 FEET; THENCE SOUTH 47°16'58" EAST, 120.90 FEET; THENCE SOUTH 42°43'02" WEST, 20.00 FEET TO A POINT ON THE SOUTHWESTERLY LINE OF SAID PARCEL 1; THENCE NORTH 47'16'58" WEST, 121.25 FEET ALONG SAID SOUTHWESTERLY LINE; THENCE NORTH 46°03'28" WEST, 1758.56 FEET ALONG SAID SOUTHWESTERLY LINE TO THE BEGINNING OF A TANGENT CURVE CONCAVE SOUTHWESTERLY HAVING A RADIUS OF 1540.00 FEET; THENCE NORTHWESTERLY ALONG SAID CURVE AND SAID SOUTHWESTERLY LINE 214.95 FEET THROUGH A CENTRAL ANGLE OF 07°59'50" TO THE POINT OF BEGINNING. PARCEL 1 CONTAINING AN AREA OF 57.64 ACRES, MORE OR LESS. • CITY OF HUNTINGTON BEACH LOT LINE ADJUSTMENT LL 99 - LEGAL DESCRIPTION OWNERS EXISTING PARCELS PROPOSED PARCELS AP NUMBER REFERENCE NUMBER PLC, A CA. GENERAL PARTNERSHIP 023-181-55 PARCEL I AERA ENERGY LLC. 023-181-53 & 54 PARCEL 2 PAGE 3 OF 4 PARCEL 2 PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-2; TOGETHER WITH THE FOLLOWING DESCRIBED PORTION OF PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-5; BEGINNING AT THE MOST WESTERLY CORNER OF SAID PARCEL 1; THENCE NORTH 43°56'32" EAST, 67.42 FEET ALONG THE NORTHWESTERLY LINE OF SAID PARCEL 1 TO THE MOST NORTHERLY CORNER OF SAID PARCEL 1; THENCE SOUTH 46°03'28" EAST, 1505.13 FEET ALONG THE NORTHEASTERLY LINE OF SAID PARCEL 1 TO THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 950.00 FEET; THENCE SOUTHEASTERLY, 83.12 FEET ALONG SAID CURVE AND SAID NORTHEASTERLY LINE THROUGH A CENTRAL ANGLE OF 05°00'46", A RADIAL LINE TO SAID POINT BEARS NORTH 38°55'46" EAST; THENCE LEAVING SAID NORTHEASTERLY LINE SOUTH 43°56'32" WEST, 36.07 FEET; THENCE SOUTH 46°03'28" EAST, 384.59 FEET; THENCE SOUTH 47°16'58" EAST, 120.90 FEET; THENCE SOUTH 42°43'02" WEST, 20.00 FEET TO A POINT ON THE SOUTHWESTERLY LINE OF SAID PARCEL 1; THENCE NORTH 47°16'58" WEST, 121.25 FEET ALONG SAID SOUTHWESTERLY LINE; THENCE NORTH 46°03'28" WEST, 1758.56 FEET ALONG SAID SOUTHWESTERLY LINE TO THE BEGINNING OF A TANGENT CURVE CONCAVE SOUTHWESTERLY HAVING A RADIUS OF 1540.00 FEET; THENCE NORTHWESTERLY ALONG SAID CURVE AND SAID SOUTHWESTERLY LINE 214.95 FEET THROUGH A CENTRAL ANGLE OF 07°59'50" TO THE POINT OF BEGINNING. • CITY OF HUNTINGTON BEACH LOT LINE ADJUSTMENT LL 99 - LEGAL DESCRIPTION OWNERS EXISTING PARCELS PROPOSED PARCELS AP NUMBER REFERENCE NUMBER PLC, A CA. GENERAL PARTNERSHIP 023-181-55 PARCEL I AERA ENERGY LLC. 023-181-53 & 54 PARCEL 2 PAGE 4 OF 4 EXCEPTING THEREFROM THE FOLLOWING DESCRIBED PORTION OF SAID PARCEL 1 OF CERTIFICATE OF COMPLIANCE NO. 96-2; BEGINNING AT A POINT ON THE SOUTHEASTERLY LINE OF SAID PARCEL 1 OF SAID CERTIFICATE OF COMPLIANCE NO. 96-2, SAID POINT BEING NORTH 41°37'22" EAST, 602.85 FEET, MEASURED ALONG SAID SOUTHEASTERLY LINE FROM THE MOST SOUTHERLY CORNER OF SAID PARCEL 1; THENCE LEAVE SAID SOUTHEASTERLY LINE NORTH 48°22'38" WEST, 744.02 FEET; THENCE NORTH 41°37'22" EAST, 100.00 FEET TO A POINT ON THE NORTHEASTERLY LINE OF SAID PARCEL 1; THENCE SOUTH 48°22'38" EAST, 699.00 FEET ALONG SAID NORTHEASTERLY LINE TO THE BEGINNING OF A TANGENT CURVE CONCAVE WESTERLY HAVING A RADIUS OF 30.00 FEET; THENCE SOUTHERLY, 47.12 FEET ALONG SAID CURVE AND SAID NORTHEASTERLY LINE THROUGH A CENTRAL ANGLE OF 90°00'00"; THENCE SOUTH 48°22'38" EAST 45.00 FEET ALONG SAID NORTHEASTERLY LINE TO THE MOST EASTERLY CORNER OF SAID PARCEL 1, SAID POINT ALSO BEING ON THE CENTERLINE OF GOLDENWEST STREET AS SHOWN ON SAID CERTIFICATE OF COMPLIANCE NO. 96-2; THENCE SOUTH 41°37'22" WEST, 70.00 FEET ALONG THE SOUTHEASTERLY LINE OF SAID PARCEL 1 AND SAID CENTERLINE OF GOLDENWEST STREET TO THE POINT OF BEGINNING. PARCEL 2 CONTAINING AN AREA OF 93.84 ACRES, MORE OR LESS. 00 OR-9933596 TITLE OFFICER - WILLIAMS First American Title Insurance Company 114 East Fifth Street, Santa Ana, California 92701 (P.O. Box 267, Santa Ana, California 92702) (714) 558-3211 PLC LAND COMPANY 23 CORPORATE PLAZA, #250 NEWPORT BEACH, CALIFORNIA 92660 ATTN: BILL HOLMAN YOUR NO. PALM & GOLDENWEST LLA IN RESPONSE TO THE ABOVE REFERENCED APPLICATION FOR A POLICY OF TITLE INSURANCE, THIS COMPANY HEREBY REPORTS THAT IT IS PREPARED TO ISSUE, OR CAUSE TO BE ISSUED, AS OF THE DATE HEREOF, A POLICY OR POLICIES OF TITLE INSURANCE DESCRIBING THE LAND AND THE ESTATE OR INTEREST THEREIN HEREINAFTER SET FORTH, INSURING AGAINST LOSS WHICH MAY BE SUSTAINED BY REASON OF ANY DEFECT, LIEN OR ENCUMBRANCE NOT SHOWN OR REFERRED TO AS AN EXCEPTION BELOW OR NOT EXCLUDED FROM COVERAGE PURSUANT TO THE PRINTED SCHEDULES, CONDITIONS AND STIPULATIONS OF THE POLICY FORMS. THE PRINTED EXCEPTIONS AND EXCLUSIONS FROM THE COVERAGE OF THE POLICY OR POLICIES ARE SET FORTH IN EXHIBIT A ATTACHED. COPIES OF THE POLICY FORMS SHOULD BE READ. THEY ARE AVAILABLE FROM THE OFFICE WHICH ISSUED THIS REPORT. THIS REPORT (AND ANY SUPPLEMENTS OR AMENDMENTS HERETO) IS ISSUED SOLELY FOR THE PURPOSE OF FACILITATING THE ISSUANCE OF A POLICY OF TITLE INSURANCE AND NO LIABILITY IS ASSUMED HEREBY. IF IT IS DESIRED THAT LIABILITY BE ASSUMED PRIOR TO THE ISSUANCE OF A POLICY OF TITLE INSURANCE, A BINDER OR COMMITMENT SHOULD BE REQUESTED. PLEASE READ THE EXCEPTIONS SHOWN OR REFERRED TO BELOW AND THE EXCEPTIONS AND EXCLUSIONS SET FORTH IN EXHIBIT A OF THIS REPORT CAREFULLY. THE EXCEPTIONS AND EXCLUSIONS ARE MEANT TO PROVIDE YOU WITH NOTICE OF MATTERS WHICH ARE NOT COVERED UNDER" THE TERMS OF THE TITLE INSURANCE POLICY AND SHOULD BE CAREFULLY CONSIDERED. IT IS IMPORTANT TO NOTE THAT THIS PRELIMINARY REPORT IS NOT A WRITTEN REPRESENTATION AS TO THE CONDITION OF TITLE AND MAY NOT LIST ALL LIENS, DEFECTS, AND ENCUMBRANCES AFFECTING TITLE TO THE LAND. DATED AS OF FEBRUARY 8, 1999 AT 7:30 A.M. BY MICHAEL C. WILLIAMS - TITLE OFFICER TELEPHONE NUMBER - (714) 647-4498 FAX NUMBER - (714) 550-7195 THE FORM OF POLICY OF TITLE INSURANCE CONTEMPLATED BY THIS REPORT IS: AMERICAN LAND TITLE ASSOCIATION OWNERS POLICY. PAGE1 OR-9933596 TITLE OFFICER - WILLIAMS TITLE TO THE ESTATE OR INTEREST AT THE DATE HEREOF IS VESTED IN: CALRESOURCES LLC, A CALIFORNIA LIMITED LIABILITY COMPANY. THE ESTATE OR INTEREST IN THE LAND HEREINAFTER DESCRIBED OR REFERRED TO COVERED BY THIS REPORT IS: A FEE. AT THE DATE HEREOF EXCEPTIONS TO COVERAGE IN ADDITION TO THE PRINTED EXCEPTIONS AND EXCLUSIONS IN THE POLICY FORM WOULD BE AS FOLLOWS: 1. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1999-2000, A LIEN NOT YET DUE OR PAYABLE. 2. SECOND INSTALLMENT GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1998-1999, NOW A LIEN NOT YET DELINQUENT; AMOUNT $268,205.54; CODE AREA: 04-001. A. P. NO.: 023-181-54 AND 023-181-53. 3. AN EASEMENT AS SHOWN AND RESERVED BY HUNTINGTON BEACH COMPANY ON THE MAP OF HUNTINGTON BEACH 17TH STREET SECTION TRACT. FOR: WATER, SEWER AND GAS PIPES, TELEPHONE, TELEGRAPH, ELECTRIC LINES AND POLES, RAILROADS, CONDUITS AND ALL OTHER PUBLIC UTILITIES AND INCIDENTAL PURPOSES. OVER: A PORTION OF GOLDENWEST STREET. 4. THE EFFECT OF MAPS PURPORTING TO SHOW THE HEREIN DESCRIBED AND OTHER LAND RECORDED IN BOOK 3, PAGE 28; IN BOOK 59, PAGE 2; IN BOOK 97, PAGE 35; AND IN BOOK 104, PAGE 41, ALL OF RECORD OF SURVEYS. 5. THE TERMS, PROVISIONS AND CONDITIONS CONTAINED IN A DOCUMENT ENTITLED "QUITCLAIM AND AGREEMENT", EXECUTED BY AND BETWEEN SIGNAL OIL AND GAS COMPANY, A CORPORATION, AND HUNTINGTON BEACH COMPANY, A CORPORATION, RECORDED JUNE 20, 1963 IN BOOK 6598, PAGE 58 OF OFFICIAL RECORDS. 6. AN EASEMENT FOR EITHER OR BOTH UNDERGROUND LINES, CONDUITS AND INCIDENTAL PURPOSES, INCLUDING ABOVE-GROUND APPURTENANT FIXTURES, AS SET FORTH IN AN INSTRUMENT RECORDED IN BOOK 7924, PAGE 670 OF OFFICIAL RECORDS. IN FAVOR OF: SOUTHERN CALIFORNIA EDISON COMPANY, A CORPORATION. OVER: A PORTION OF THE LAND. 7. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED AUGUST 24, 1967 IN BOOK 8352, PAGE 331 OF OFFICIAL RECORDS, IN FAVOR OF: THE CITY OF HUNTINGTON BEACH, A MUNICIPAL CORPORATION. FOR: PUBLIC STREET, UTILITY AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. PAGE 2 OR-9933596 TITLE OFFICER - WILLIAMS 8. AN EASEMENT FOR EITHER OR BOTH POLE LINES, CONDUITS AND INCIDENTAL PURPOSES, AS SET FORTH IN AN INSTRUMENT RECORDED DECEMBER 13, 1967 IN BOOK 8465, PAGE 193, AND RE- RECORDED AUGUST 13, 1971 IN BOOK 9760, PAGE 844, BOTH OF OFFICIAL RECORDS. IN FAVOR OF: SOUTHERN CALIFORNIA EDISON COMPANY. OVER: A PORTION OF THE LAND. NOTE: A PARTIAL QUITCLAIM OF EASEMENT RECORDED DECEMBER 7, 1989 AS INSTRUMENT NO. 89-664694 OF OFFICIAL RECORDS. 9. THE RIGHT TO CONSTRUCT, USE, MAINTAIN, ALTER, ADD TO, REPAIR, REPLACE, INSPECT AND/OR REMOVE AN ELECTRIC LINE CONSISTING OF WIRES, POLES, GUY WIRES AND ANCHORS, TOGETHER WITH NECESSARY APPURTENANCES CONNECTED THEREWITH, CONVENIENT AND NECESSARY FOR THE PURPOSE OF CONVEYING ELECTRIC ENERGY TO BE USED FOR LIGHT, HEAT, POWER, TELEPHONE AND/OR OTHER PURPOSES, AS GRANTED TO SOUTHERN CALIFORNIA EDISON COMPANY, A CORPORATION, IN AN AGREEMENT RECORDED JUNE 29, 1972 IN BOOK 10200, PAGE 324 OF OFFICIAL RECORDS. 10. THE TERMS, PROVISIONS AND CONDITIONS CONTAINED IN A DOCUMENT ENTITLED "DEED RESTRICTION LIMITING REAL PROPERTY TO COMMERCIAL RECREATIONAL DEVELOPMENT", EXECUTED BY AND BETWEEN HUNTINGTON BEACH COMPANY RECORDED MARCH 23, 1982 AS INSTRUMENT NO. 82-099831 OF OFFICIAL RECORDS. 11. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED FEBRUARY 22, 1983 AS INSTRUMENT NO. 83-080697 OF OFFICIAL RECORDS, IN FAVOR OF: THE CITY OF HUNTINGTON BEACH, A MUNICIPAL CORPORATION. FOR: STREET, UTILITY AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. 12. THE TERMS, PROVISIONS AND CONDITIONS CONTAINED IN A DOCUMENT ENTITLED "ELECTRICAL SUBSTATION EASEMENT AGREEMENT", EXECUTED BY AND BETWEEN HUNTINGTON BEACH COMPANY, A CORPORATION, AND SOUTHERN CALIFORNIA EDISON COMPANY, A CORPORATION, RECORDED MARCH 11, 1983 AS INSTRUMENT NO. 83-105878 OF OFFICIAL RECORDS. 13. THE EFFECT OF AN INSTRUMENT ENTITLED "APPLICATION FOR LOT LINE ADJUSTMENT NO. LL 82-2" RECORDED AS INSTRUMENT NO. 83-273147 OF OFFICIAL RECORDS; REFERENCE BEING MADE TO THE RECORD THEREOF FOR FULL PARTICULARS. 14. THE FOLLOWING UNRECORDED AGREEMENTS, AS DISCLOSED BY A GRANT DEED RECORDED JUNE 27, 1983 AS INSTRUMENT NO. 83-273580 OF OFFICIAL RECORDS: (A) DRILLSITE LICENSE - 91.1 WELLS - 1981 ", EXECUTED BY AND BETWEEN AMINOIL U.S.A., INC. AND HUNTINGTON BEACH COMPANY, A CALIFORNIA CORPORATION; (B) "COMPENSATION AGREEMENT - 91.1 WELLS - 1981", EXECUTED BY AND BETWEEN AMINOIL U.S.A., INC., SOUTHERN PACIFIC TRANSPORTATION COMPANY, AND HUNTINGTON BEACH COMPANY, A CALIFORNIA CORPORATION; PAGE 3 OR-9933596 TITLE OFFICER - WILLIAMS (C) "PERMIT - 91.1 WELLS - 1981", EXECUTED BY AND BETWEEN AMINOIL U.S.A., INC., SOUTHERN PACIFIC TRANSPORTATION COMPANY, AND HUNTINGTON BEACH COMPANY, A CALIFORNIA CORPORATION; (D) "FACILITIES LETTER AGREEMENT", EXECUTED BY AND BETWEEN AMINOIL U.S.A., INC. AND HUNTINGTON BEACH COMPANY, A CALIFORNIA CORPORATION. 15. AN UNRECORDED EASEMENT AND RIGHT OF WAY, EXECUTED BY AND BETWEEN STANDARD OIL COMPANY, A CALIFORNIA CORPORATION, AND SOUTHERN CALIFORNIA EDISON COMPANY, DATED NOVEMBER 15, 1973, FOR POWER LINE ERECTION, MAINTENANCE AND OPERATION, AS DISCLOSED BY THE CORPORATION GRANT DEED RECORDED JUNE 27, 1983 AS INSTRUMENT NO. 83-273580 OF OFFICIAL RECORDS, AND RE-RECORDED AS INSTRUMENT NO. 84-084720 OF OFFICIAL RECORDS. OVER: A PORTION OF THE LAND. 16. AN UNRECORDED SURFACE USE AGREEMENT, DATED NOVEMBER 1, 1987, EXECUTED BY AND BETWEEN HUNTINGTON BEACH COMPANY, A CORPORATION, SHELL WESTERN E&P INC., AND CHEVRON USA INC., AS DISCLOSED BY A MEMORANDUM THEREOF RECORDED DECEMBER 15, 1987 AS INSTRUMENT NO. 87-691737 OF OFFICIAL RECORDS, UPON THE TERMS, PROVISIONS AND CONDITIONS CONTAINED THEREIN. NOTE: PORTIONS OF THE LAND HAVE BEEN QUITCLAIMED BY DOCUMENTS RECORDED OCTOBER 27, 1992 AS INSTRUMENT NOS. 92-725916 AND 92-725917, BOTH OF OFFICIAL RECORDS AND RECORDED FEBRUARY 1, 1993 AS INSTRUMENT NO. 93-072029 OF OFFICIAL RECORDS. 17. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED JULY 20, 1992 AS INSTRUMENT NO. 92-483814 OF OFFICIAL RECORDS, IN FAVOR OF: THE CHEVRON U.S.A. INC., A CORPORATION, AND STANDARD GASOLINE COMPANY, A CORPORATION. FOR: PIPELINES AND APPURTENANCES THEREOF, FOR THE TRANSPORTATION OF OIL, PETROLEUM, GAS, GASOLINE, WATER OR OTHER SUBSTANCES AND DEVICES FOR CONTROLLING ELECTROLYSIS FOR USE IN CONNECTION WITH SAID PIPELINES, AND TO CONSTRUCT, MAINTAIN, OPERATE, REPAIR, RENEW, ADD TO AND REMOVE UNDERGROUND WIRES, CONDUCTORS, CABLES AND CONDUITS, AND APPURTENANCES THEREOF, WITH THE RIGHT OF INGRESS AND EGRESS AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. 18. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED NOVEMBER 20, 1992 AS INSTRUMENT NO. 92-798982 OF OFFICIAL RECORDS, IN FAVOR OF: CHEVRON U.S.A. INC., A CORPORATION AND STANDARD GASOLINE COMPANY, A CORPORATION. FOR: PIPELINES, AND APPURTENANCES THEREOF, FOR THE TRANSPORTATION OF OIL, PETROLEUM, GAS, GASOLINE, WATER OR OTHER SUBSTANCES AND DEVICES FOR CONTROLLING ELECTROLYSIS FOR USE IN CONNECTION WITH SAID PIPELINES, AND TO CONSTRUCT, MAINTAIN, OPERATE, REPAIR, RENEW, ADD TO AND REMOVE UNDERGROUND WIRES, CONDUCTORS, CABLES AND CONDUITS, AND APPURTENANCES THEREOF, WITH THE RIGHT OF INGRESS AND EGRESS AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. PAGE 4 OR-9933596 TITLE OFFICER - WILLIAMS 19. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED JULY 7, 1993 AS INSTRUMENT NO. 93-0451490 OF OFFICIAL RECORDS, IN FAVOR OF: THE CITY OF HUNTINGTON BEACH, A MUNICIPAL CORPORATION. FOR: PUBLIC STREET, UTILITY AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. 20. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED JULY 20, 1994 AS INSTRUMENT NO. 94-0462699 OF OFFICIAL RECORDS, IN FAVOR OF: PACIFIC COAST HOMES. FOR: A PIPELINE EASEMENT, INCLUDING THE RIGHT TO CONSTRUCT AND MAINTAIN SUBSURFACE PIPELINES AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. NOTE: THE INTEREST OF PACIFIC COAST HOMES WAS ASSIGNED TO CALRESOURCES LLC, A CALIFORNIA LIMITED LIABILITY COMPANY BY A DOCUMENT RECORDED AUGUST 3, 1985 AS INSTRUMENT NO. 95-0333231 OF OFFICIAL RECORDS. 21. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED DECEMBER 22, 1994 AS INSTRUMENT NO. 94-0730290 OF OFFICIAL RECORDS, IN FAVOR OF: PACIFIC COAST HOMES, A CALIFORNIA CORPORATION. FOR: A PIPELINE EASEMENT, INCLUDING THE RIGHT TO CONSTRUCT AND MAINTAIN SUBSURFACE PIPELINES AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. NOTE: THE INTEREST OF PACIFIC COAST HOMES WAS ASSIGNED TO CALRESOURCES LLC, A CALIFORNIA LIMITED LIABILITY COMPANY BY A DOCUMENT RECORDED AUGUST 3, 1985 AS INSTRUMENT NO. 95-0333231 OF OFFICIAL RECORDS. 22. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED SEPTEMBER 14, 1995 AS INSTRUMENT NO. 19950398940 OF OFFICIAL RECORDS, IN FAVOR OF: CITY OF HUNTINGTON BEACH, A MUNICIPAL CORPORATION. FOR: PUBLIC STREET, UTILITY AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND (SEAPOINT STREET). 23. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED OCTOBER 23, 1995 AS INSTRUMENT NO. 19950469758 OF OFFICIAL RECORDS, IN FAVOR OF: NEW URBAN WEST, INC., A CALIFORNIA CORPORATION. FOR: INSTALLATION AND MAINTENANCE OF LANDSCAPING AND ALL FACILITIES AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. 24. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED OCTOBER 23, 1995 AS INSTRUMENT NO. 19950469759 OF OFFICIAL RECORDS, IN FAVOR OF: NEW URBAN WEST, INC., A CALIFORNIA CORPORATION. FOR: INSTALLATION AND MAINTENANCE OF LANDSCAPING AND ALL FACILITIES AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. PAGE 5 OR-9933596 TITLE OFFICER - WILLIAMS 25. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED FEBRUARY 28, 1996 AS INSTRUMENT NO. 19960095321 OF OFFICIAL RECORDS, IN FAVOR OF: CHEVRON PIPE LINE COMPANY, A DELAWARE CORPORATION AND STANDARD GASOLINE COMPANY, A CALIFORNIA CORPORATION. FOR: PIPELINES FOR TRANSPORTING OIL, PETROLEUM, PETROLEUM PRODUCTS, GAS, THE PRODUCTS OF EACH OF THE SAME, WATER, OTHER LIQUIDS, GASES OR OTHER SUBSTANCES WITH THE RIGHT OF INGRESS AND EGRESS AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. 26. AN UNRECORDED EASEMENT DATED DECEMBER 7, 1963 AS DISCLOSED TO THIS COMPANY IN WRITING EXECUTED BY HUNTINGTON BEACH COMPANY. IN FAVOR OF: HUNTINGTON STATE COMPANY. FOR: A PIPELINE FOR TRANSPORTATION OF OIL, PETROLEUM, GAS, GASOLINE, WATER OR OTHER SUBSTANCES AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. NOTE 1: SAID EASEMENT WAS ASSIGNED TO SIGNAL OIL AND GAS COMPANY BY AN ASSIGNMENT DATED DECEMBER 7, 1963 AS DISCLOSED TO THIS COMPANY IN WRITING. 27. AN UNRECORDED EASEMENT DATED MAY 19, 1965 AS DISCLOSED TO THIS COMPANY IN WRITING EXECUTED BY HUNTINGTON BEACH COMPANY. IN FAVOR OF: GULF OIL CORPORATION. FOR: A PIPELINE FOR TRANSPORTATION OF OIL AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. NOTE: SAID EASEMENT WAS ASSIGNED TO GOLDEN WEST REFINING COMPANY BY AN ASSIGNMENT DATED JULY 15, 1983 AS DISCLOSED TO THIS COMPANY IN WRITING. 28. THE FACT THAT A VIOLATION OF THE ENVIRONMENTAL PROTECTION LAWS MAY HAVE OCCURRED AFFECTING THE HEREIN DESCRIBED LAND, AS DISCLOSED BY AN INSTRUMENT RECORDED MAY 9, 1996 AS INSTRUMENT NO. 19960234780 OF OFFICIAL RECORDS. 29. THE TERMS, PROVISIONS AND CONDITIONS CONTAINED IN A DOCUMENT ENTITLED "MEMORANDUM OF AGREEMENT", EXECUTED BY AND BETWEEN PLC AND CALRESOURCES LLC, RECORDED MAY 9, 1996 AS INSTRUMENT NO. 19960234781 OF OFFICIAL RECORDS. PAGE 6 OR-9933596 TITLE OFFICER - WILLIAMS DESCRIPTION THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF ORANGE, CITY OF HUNTINGTON BEACH, AND IS DESCRIBED AS FOLLOWS: PARCEL 1, AS SHOWN AND DESCRIBED IN THAT CERTAIN CONDITIONAL CERTIFICATE OF COMPLIANCE NO. 96-2, RECORDED FEBRUARY 28, 1996 AS INSTRUMENT NO. 19960095323 OF OFFICIAL RECORDS OF ORANGE COUNTY, CALIFORNIA. PAGE 7 N OR-9933596 TITLE OFFICER - WILLIAMS WARNING "THE MAP ATTACHED HERETO MAY OR MAY NOT BE A SURVEY OF THE LAND DEPICTED THEREON . YOU SHOULD NOT RELY UPON IT FOR ANY PURPOSE OTHER THAN ORIENTATION TO THE GENERAL LOCATION OF THE PARCEL OR PARCELS DEPICTED. FIRST AMERICAN EXPRESSLY DISCLAIMS ANY LIABILITY FOR ALLEGED LOSS OR DAMAGE WHICH MAY RESULT FROM RELIANCE UPON THIS MAP". TH PLATS (CC&R'S, IF ANY) ENCLOSED. NOTE: WIRING INSTRUCTIONS FOR SUB-ESCROW DEPOSITS ARE AS FOLLOWS: FIRST AMERICAN TRUST COMPANY ACCOUNT #15020 ABA #122241255 114 E. FIFTH STREET ACCOUNT NAME: FIRST AMERICAN SANTA ANA, CA 92701 TITLE COMPANY CREDIT TO FIRST AMERICAN TITLE COMPANY OR-9933596 TITLE OFFICER - MICHAEL C. WILLIAMS DISREGARD IF FIRST AMERICAN IS YOUR ESCROW SETTLEMENT AGENT -- CONTACT ESCROW OFFICER FOR WIRING INSTRUCTIONS COPY WITH PLAT (AND CC&R, IF ANY) TO: WALDEN & ASSOCIATES 18012 COWAN, STE. 210 IRVINE, CALIFORNIA 92714 ATTN: JEFF WALDEN PAGE 8 OR-9933596 TITLE OFFICER - WILLIAMS NOTICE SECTION 12413.1 OF THE CALIFORNIA INSURANCE CODE, EFFECTIVE JANUARY 1, 1990, REQUIRES THAT ANY TITLE INSURANCE COMPANY, UNDERWRITTEN TITLE COMPANY, OR CONTROLLED ESCROW COMPANY HANDLING FUNDS IN AN ESCROW OR SUB-ESCROW CAPACITY, WAIT A SPECIFIED NUMBER OF DAYS AFTER DEPOSITING FUNDS, BEFORE RECORDING ANY DOCUMENTS IN CONNECTION WITH THE TRANSACTION OR DISBURSING FUNDS. THIS STATUTE ALLOWS FOR FUNDS DEPOSITED BY WIRE TRANSFER TO BE DISBURSED THE SAME DAY AS DEPOSIT. IN THE CASE OF CASHIER'S CHECKS OR CERTIFIED CHECKS, FUNDS MAYBE DISBURSED THE NEXT DAY AFTER DEPOSIT. IN ORDER TO AVOID UNNECESSARY DELAYS OF THREE TO SEVEN DAYS, OR MORE, PLEASE USE WIRE TRANSFER, CASHIER'S CHECKS, OR CERTIFIED CHECKS WHENEVER POSSIBLE. IF YOU HAVE ANY QUESTIONS ABOUT THE EFFECT OF THIS NEW LAW, PLEASE CONTACT YOUR LOCAL FIRST AMERICAN OFFICE FOR MORE DETAILS. NOTICE IN ACCORDANCE WITH SECTIONS 18662 AND 18668 OF THE REVENUE AND TAXATION CODE, A BUYER MAY BE REQUIRED TO WITHHOLD AN AMOUNTEQUALTO THREE AND ONE-THIRD PERCENT OF THE SALES PRICE IN THE CASE OF THE DISPOSITION OF CALIFORNIA REAL PROPERTY INTEREST BY EITHER: I. A SELLER WHO IS AN INDIVIDUAL WITH A LAST KNOWN STREET ADDRESS OUTSIDE OF CALIFORNIA OR WHEN THE DISBURSEMENT INSTRUCTIONS AUTHORIZE THE PROCEEDS BE SENT TO A FINANCIAL INTERMEDIARY OF THE SELLER, OR 2. A CORPORATE SELLER WHICH HAS NO PERMANENT PLACE OF BUSINESS IN CALIFORNIA. THE BUYER MAY BECOME SUBJECT TO PENALTY FOR FAILURE TO WITHHOLD AN AMOUNT EQUAL TO THE GREATER OF 10 PERCENT OF THE AMOUNT REQUIRED TO BE WITHHELD OR FIVE HUNDRED DOLLARS ($500). HOWEVER, NOTWITHSTANDING ANY OTHER PROVISION INCLUDED IN THE CALIFORNIA STATUTES REFERENCED ABOVE, NO BUYER WILL BE REQUIRED TO WITHHOLD ANY AMOUNT OR BE SUBJECT TO PENALTY FOR FAILURE TO WITHHOLD IF: 1. THE SALES PRICE OF THE CALIFORNIA REAL PROPERTY CONVEYED DOES NOT EXCEED ONE HUNDRED THOUSAND DOLLARS ($100,000), OR 2. THE SELLER EXECUTES A WRITTEN CERTIFICATE, UNDER THE PENALTY OF PERJURY, CERTIFYING THAT THE SELLER IS A RESIDENT OF CALIFORNIA, OR IF A CORPORATION, HAS A PERMANENT PLACE OF BUSINESS IN CALIFORNIA, OR 3. THE SELLER, WHO IS AN INDIVIDUAL, EXECUTES A WRITTEN CERTIFICATE, UNDER THE PENALTY OF PERJURY, THAT THE CALIFORNIA REAL PROPERTY BEING CONVEYED IS THE SELLER'S PRINCIPAL RESIDENCE (AS DEFINED IN SECTION 1034 OF THE INTERNAL REVENUE CODE). THE SELLER IS SUBJECT TO PENALTY FOR KNOWINGLY FILING A FRAUDULENT CERTIFICATE FOR THE PURPOSE OF AVOIDING THE WITHHOLDING REQUIREMENT. THE CALIFORNIA STATUTES REFERENCED ABOVE INCLUDE PROVISIONS WHICH AUTHORIZE THE FRANCHISE TAX BOARD TO GRANT REDUCED WITHHOLDING AND WAIVERS FROM WITHHOLDING ON A CASE-BY-CASE BASIS. THE PARTIES TO THIS TRANSACTION SHOULD SEEK AN ATTORNEY'S, ACCOUNTANT'S, OR OTHER TAX SPECIALIST'S OPINION CONCERNING THE EFFECT OF THIS LAW ON THIS TRANSACTION AND SHOULD NOT ACT ON ANY STATEMENTS MADE OR OMITTED BY THE ESCROW OR CLOSING OFFICER. PAGE 9 N L9 L8 S 56'23'02" W(R C6 C5 4Z3 5 VAR)S_ C4 S 36'29'4 I L7 L6 N 35*52'55" E(R) C2 C J 114 N NO SCALE n. L15 P.O.B.GOLD NWEST STREET ALDEN & SSOCIATES 18012 COWAN. SUITE 210, IRVINE. CA 92714 (714) 660-0110 FAX: 680-0418 I r L1C1 L16 EXHIBIT SKETCH TO ACCOMPANY A LEGAL DESCRIPTION FOR CERTIFICATE OF COMPLIANCE W No 0808-162-2SCF Date 2/24/96 En r.J. W.Chk.D.W.Sheet 4 Of 5 OR-9933595 TITLE OFFICER - WILLIAMS First American Title Insurance Company 114 East Fifth Street, Santa Ana, California 92701 (P.O. Box 267, Santa Ana, California 92702) (714) 558-3211 PLC LAND COMPANY 23 CORPORATE PLAZA, #250 NEWPORT BEACH, CALIFORNIA 92660 ATTN: BILL HOLMAN YOUR NO. PALM & GOLDENWEST LLA IN RESPONSE TO THE ABOVE REFERENCED APPLICATION FOR A POLICY OF TITLE INSURANCE, THIS COMPANY HEREBY REPORTS THAT IT IS PREPARED TO ISSUE, OR CAUSE TO BE ISSUED, AS OF THE DATE HEREOF, A POLICY OR POLICIES OF TITLE INSURANCE DESCRIBING THE LAND AND THE ESTATE OR INTEREST THEREIN HEREINAFTER SET FORTH , INSURING AGAINST LOSS WHICH MAY BE SUSTAINED BY REASON OF ANY DEFECT, LIEN OR ENCUMBRANCE NOT SHOWN OR REFERRED TO AS AN EXCEPTION BELOW OR NOT EXCLUDED FROM COVERAGE PURSUANT TO THE PRINTED SCHEDULES, CONDITIONS AND STIPULATIONS OF THE POLICY FORMS. THE PRINTED EXCEPTIONS AND EXCLUSIONS FROM THE COVERAGE OF THE POLICY OR POLICIES ARE SET FORTH IN EXHIBIT A ATTACHED. COPIES OF THE POLICY FORMS SHOULD BE READ. THEY ARE AVAILABLE FROM THE OFFICE WHICH ISSUED THIS REPORT. THIS REPORT (AND ANY SUPPLEMENTS OR AMENDMENTS HERETO) IS ISSUED SOLELY FOR THE PURPOSE OF FACILITATING THE ISSUANCE OF A POLICY OF TITLE INSURANCE AND NO LIABILITY IS ASSUMED HEREBY. IF IT IS DESIRED THAT LIABILITY BE ASSUMED PRIOR TO THE ISSUANCE OF A POLICY OF TITLE INSURANCE, A BINDER OR COMMITMENT SHOULD BE REQUESTED. PLEASE READ THE EXCEPTIONS SHOWN OR REFERRED TO BELOW AND THE EXCEPTIONS AND EXCLUSIONS SET FORTH IN EXHIBIT A OF THIS REPORT CAREFULLY. THE EXCEPTIONS AND EXCLUSIONS ARE MEANT TO PROVIDE YOU WITH NOTICE OF MATTERS WHICH ARE NOT COVERED UNDER THE TERMS OF THE TITLE INSURANCE POLICY AND SHOULD BE CAREFULLY CONSIDERED. IT IS IMPORTANT TO NOTE THAT THIS PRELIMINARY REPORT IS NOT A WRITTEN REPRESENTATION AS TO THE CONDITION OF TITLE AND MAY NOT LIST ALL LIENS , DEFECTS , AND ENCUMBRANCES AFFECTING TITLE TO THE LAND. DATED AS OF FEBRUARY 8, 1999 AT 7:30 A.M. BY MICHAEL C. WILLIAMS - TITLE OFFICER TELEPHONE NUMBER - (714) 647-4498 FAX NUMBER - (714) 550-7195 THE FORM OF POLICY OF TITLE INSURANCE CONTEMPLATED BY THIS REPORT IS: AMERICAN LAND TITLE ASSOCIATION OWNERS POLICY. PAGE I 9 OR-9933595 TITLE OFFICER - WILLIAMS TITLE TO THE ESTATE OR INTEREST AT THE DATE HEREOF IS VESTED IN: PLC, A CALIFORNIA GENERAL PARTNERSHIP. THE ESTATE OR INTEREST IN THE LAND HEREINAFTER DESCRIBED OR REFERRED TO COVERED BY THIS REPORT IS: A FEE. AT THE DATE HEREOF EXCEPTIONS TO COVERAGE IN ADDITION TO THE PRINTED EXCEPTIONS AND EXCLUSIONS IN THE POLICY FORM WOULD BE AS FOLLOWS: 1. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1999-2000, A LIEN NOT YET DUE OR PAYABLE. 2. SECOND INSTALLMENT GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1998-1999, NOW A LIEN NOT YET DELINQUENT; AMOUNT $57,759.83; CODE AREA: 04001. A. P. NO.: 023-181-55. 3. THE LIEN OF SUPPLEMENTAL TAXES ASSESSED PURSUANT TO CHAPTER 3.5 COMMENCING WITH SECTION 75 OF THE CALIFORNIA REVENUE AND TAXATION CODE, ACCRUING SUBSEQUENT TO THE DATE OF THIS POLICY. 4. AN EASEMENT AS SHOWN AND RESERVED BY HUNTINGTON BEACH COMPANY ON THE MAP OF HUNTINGTON BEACH 17TH STREET SECTION TRACT. FOR: WATER, SEWER AND GAS PIPES, TELEPHONE, TELEGRAPH, ELECTRIC LINES AND POLES, RAILROADS, CONDUITS AND ALL OTHER PUBLIC UTILITIES AND INCIDENTAL PURPOSES. OVER: A PORTION OF GOLDENWEST STREET. 5. THE EFFECT OF MAPS PURPORTING TO SHOW THE HEREIN DESCRIBED AND OTHER LAND RECORDED IN BOOK 3, PAGE 28; IN BOOK 59, PAGE 2; IN BOOK 97, PAGE 35; AND IN BOOK 104, PAGE 41, ALL OF RECORD OF SURVEYS. 6. THE TERMS, PROVISIONS AND CONDITIONS CONTAINED IN A DOCUMENT ENTITLED "QUITCLAIM AND AGREEMENT", EXECUTED BY AND BETWEEN SIGNAL OIL AND GAS COMPANY, A CORPORATION, AND HUNTINGTON BEACH COMPANY, A CORPORATION, RECORDED JUNE 20, 1963 IN BOOK 6598, PAGE 58 OF OFFICIAL RECORDS. 7. AN EASEMENT FOR EITHER OR BOTH UNDERGROUND LINES, CONDUITS AND INCIDENTAL PURPOSES, INCLUDING ABOVE-GROUND APPURTENANT FIXTURES, AS SET FORTH IN AN INSTRUMENT RECORDED IN BOOK 7924, PAGE 670 OF OFFICIAL RECORDS. IN FAVOR OF: SOUTHERN CALIFORNIA EDISON COMPANY, A CORPORATION. OVER: A PORTION OF THE LAND. PAGE 2 OR-9933595 TITLE OFFICER - WILLIAMS 8. AN EASEMENT FOR EITHER OR BOTH POLE LINES, CONDUITS AND INCIDENTAL PURPOSES, AS SET FORTH IN AN INSTRUMENT RECORDED MARCH 6, 1967 IN BOOK 8190, PAGE 757 OF OFFICIAL RECORDS. IN FAVOR OF: SOUTHERN CALIFORNIA EDISON COMPANY. OVER: A PORTION OF THE LAND. 9. AN EASEMENT FOR EITHER OR BOTH POLE LINES, CONDUITS AND INCIDENTAL PURPOSES, AS SET FORTH IN AN INSTRUMENT RECORDED DECEMBER 13, 1967 IN BOOK 8465, PAGE 193, AND RE- RECORDED AUGUST 13, 1971 IN BOOK 9760, PAGE 844, BOTH OF OFFICIAL RECORDS. IN FAVOR OF: SOUTHERN CALIFORNIA EDISON COMPANY. OVER: A PORTION OF THE LAND. NOTE: A PARTIAL QUITCLAIM OF EASEMENT RECORDED DECEMBER 7, 1989 AS INSTRUMENT NO. 89-664694 OF OFFICIAL RECORDS. 10. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED NOVEMBER 1, 1968 IN BOOK 8776, PAGE 760 OF OFFICIAL RECORDS, IN FAVOR OF: THE CITY OF HUNTINGTON BEACH. FOR: PUBLIC STREET AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. NOTE: ALL RIGHTS OF CHEVRON USA, INC. IN AND TO SAID EASEMENT AGREEMENT WAS ASSIGNED TO CHEVRON PIPE LINE COMPANY AND STANDARD GASOLINE COMPANY BY AN ASSIGNMENT RECORDED FEBRUARY 16, 1993 AS INSTRUMENT NO. 93-097233 OF OFFICIAL RECORDS. 11. THE RIGHT TO CONSTRUCT, USE, MAINTAIN, ALTER, ADD TO, REPAIR, REPLACE, INSPECT AND/OR REMOVE AN ELECTRIC LINE CONSISTING OF WIRES, POLES, GUY WIRES AND ANCHORS, TOGETHER WITH NECESSARY APPURTENANCES CONNECTED THEREWITH, CONVENIENT AND NECESSARY FOR THE PURPOSE OF CONVEYING ELECTRIC ENERGY TO BE USED FOR LIGHT, HEAT, POWER, TELEPHONE AND/OR OTHER PURPOSES, AS GRANTED TO SOUTHERN CALIFORNIA EDISON COMPANY, A CORPORATION, IN AN AGREEMENT RECORDED JUNE 29, 1972 IN BOOK 10200, PAGE 324 OF OFFICIAL RECORDS. 12. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED FEBRUARY 22, 1983 AS INSTRUMENT NO. 83-080697 OF OFFICIAL RECORDS, IN FAVOR OF: THE CITY OF HUNTINGTON BEACH, A MUNICIPAL CORPORATION. FOR: STREET, UTILITY AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. 13. THE TERMS, PROVISIONS AND CONDITIONS CONTAINED IN A DOCUMENT ENTITLED "ELECTRICAL SUBSTATION EASEMENT AGREEMENT", EXECUTED BY AND BETWEEN HUNTINGTON BEACH COMPANY, A CORPORATION, AND SOUTHERN CALIFORNIA EDISON COMPANY, A CORPORATION, RECORDED MARCH 11, 1983 AS INSTRUMENT NO. 83-105878 OF OFFICIAL RECORDS. PAGE 3 OR-9933595 TITLE OFFICER - WILLIAMS 14. THE TERMS, PROVISIONS AND CONDITIONS CONTAINED IN A DOCUMENT ENTITLED "WALL EASEMENT AND MAINTENANCE AGREEMENT", EXECUTED BY AND BETWEEN HUNTINGTON BEACH COMPANY, A CALIFORNIA CORPORATION, AND SEACLIFF ESTATES, A CALIFORNIA GENERAL PARTNERSHIP CONSISTING OF MANSION PROPERTIES, INC., A CALIFORNIA CORPORATION, AND RUTTER LIMITED, A CALIFORNIA LIMITED PARTNERSHIP, AS GENERAL PARTNERS, AND AMINOIL USA, INC., A DELAWARE CORPORATION, RECORDED MAY 26, 1983 AS INSTRUMENT NO. 83-223224 OF OFFICIAL RECORDS. 15. THE EFFECT OF AN INSTRUMENT ENTITLED "APPLICATION FOR LOT LINE ADJUSTMENT NO. LL 82-2" RECORDED AS INSTRUMENT NO. 83-273147 OF OFFICIAL RECORDS; REFERENCE BEING MADE TO THE RECORD THEREOF FOR FULL PARTICULARS. 16. THE FOLLOWING UNRECORDED AGREEMENTS, AS DISCLOSED BY A GRANT DEED RECORDED JUNE 27, 1983 AS INSTRUMENT NO. 83-273580 OF OFFICIAL RECORDS: (A) DRILLSITE LICENSE - 91.1 WELLS - 1981", EXECUTED BY AND BETWEEN AMINOIL U.S.A., INC. AND HUNTINGTON BEACH COMPANY, A CALIFORNIA CORPORATION; (B) "COMPENSATION AGREEMENT - 91.1 WELLS - 1981", EXECUTED BY AND BETWEEN AMINOIL U.S.A., INC., SOUTHERN PACIFIC TRANSPORTATION COMPANY, AND HUNTINGTON BEACH COMPANY, A CALIFORNIA CORPORATION; (C) "PERMIT - 91.1 WELLS - 1981", EXECUTED BY AND BETWEEN AMINOIL U.S.A., INC., SOUTHERN PACIFIC TRANSPORTATION COMPANY, AND HUNTINGTON BEACH COMPANY, A CALIFORNIA CORPORATION; (D) "FACILITIES LETTER AGREEMENT", EXECUTED BY AND BETWEEN AMINOIL U.S.A., INC. AND HUNTINGTON BEACH COMPANY, A CALIFORNIA CORPORATION. 17. AN UNRECORDED EASEMENT AND RIGHT OF WAY, EXECUTED BY AND BETWEEN STANDARD OIL COMPANY, A CALIFORNIA CORPORATION, AND SOUTHERN CALIFORNIA EDISON COMPANY, DATED NOVEMBER 15, 1973, FOR POWER LINE ERECTION, MAINTENANCE AND OPERATION, AS DISCLOSED BY THE CORPORATION GRANT DEED RECORDED JUNE 27, 1983 AS INSTRUMENT NO. 83-273580 OF OFFICIAL RECORDS, AND RE-RECORDED AS INSTRUMENT NO. 84-084720 OF OFFICIAL RECORDS. OVER: A PORTION OF THE LAND. 18. AN UNRECORDED EASEMENT AS DISCLOSED BY A DOCUMENT ENTITLED "CORPORATION GRANT DEED", EXECUTED BY AND BETWEEN HUNTINGTON BEACH COMPANY, A CALIFORNIA CORPORATION, AND CHEVRON U.S.A. INC., A CALIFORNIA CORPORATION, RECORDED FEBRUARY 29, 1984 AS INSTRUMENT NO. 84-084720 OF OFFICIAL RECORDS. 19. THE TERMS, PROVISIONS AND CONDITIONS CONTAINED IN A DOCUMENT ENTITLED "PIPELINE LINE EASEMENT AGREEMENT", EXECUTED BY AND BETWEEN HUNTINGTON BEACH COMPANY, A CORPORATION, AND AMINOIL INC., A CORPORATION, RECORDED AUGUST 15, 1984 AS INSTRUMENT NO. 84-340832 OF OFFICIAL RECORDS. PAGE 4 OR-9933595 TITLE OFFICER - WILLIAMS 20. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED MAY 4, 1992 AS INSTRUMENT NO. 92-293076 OF OFFICIAL RECORDS, IN FAVOR OF: THE CITY OF HUNTINGTON BEACH, A MUNICIPAL CORPORATION. FOR: SEWER MAIN AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. 21. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED APRIL 17, 1981 IN BOOK 14025, PAGE 66 AND RE-RECORDED SEPTEMBER 30, 1992 AS INSTRUMENT, NO. 92-661761, BOTH OF OFFICIAL RECORDS, IN FAVOR OF: THE CITY OF HUNTINGTON BEACH. FOR: STREET, PUBLIC UTILITY AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. 22. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED JULY 7, 1993 AS INSTRUMENT NO. 93-0451490 OF OFFICIAL RECORDS, IN FAVOR OF: THE CITY OF HUNTINGTON BEACH, A MUNICIPAL CORPORATION. FOR: PUBLIC STREET, UTILITY AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. 23. AN EASEMENT AS SET FORTH IN AN INSTRUMENT RECORDED FEBRUARY 28, 1996 AS INSTRUMENT NO. 19960095321 OF OFFICIAL RECORDS, AND RE-RECORDED MARCH 27, 1996 AS INSTRUMENT NO. 19960149219 OF OFFICIAL RECORDS. IN FAVOR OF: CHEVRON PIPE LINE COMPANY, A DELAWARE CORPORATION AND STANDARD GASOLINE COMPANY, A CALIFORNIA CORPORATION. FOR: PIPELINES FOR TRANSPORTING OIL, PETROLEUM, PETROLEUM PRODUCTS, GAS, THE PRODUCTS OF EACH OF THE SAME, WATER, OTHER LIQUIDS, GASES OR OTHER SUBSTANCES TOGETHER WITH THE RIGHT OF INGRESS AND EGRESS AND INCIDENTAL PURPOSES. OVER: A PORTION OF THE LAND. 24. THE TERMS, PROVISIONS AND CONDITIONS CONTAINED IN A DOCUMENT ENTITLED "EASEMENT AND MAINTENANCE AGREEMENT", EXECUTED BY AND BETWEEN SEACLIFF ESTATES, A CALIFORNIA GENERAL PARTNERSHIP AND HUNTINGTON BEACH COMPANY, A CALIFORNIA CORPORATION, RECORDED MAY 2, 1984 AS INSTRUMENT NO. 84-181598 OF OFFICIAL RECORDS. NOTE: AN INSTRUMENT ENTITLED "FIRST AMENDMENT TO EASEMENT AND MAINTENANCE AGREEMENT" RECORDED DECEMBER 15, 1989 AS INSTRUMENT NO. 89-680414 OF OFFICIAL RECORDS; REFERENCE BEING MADE TO THE RECORD THEREOF FOR FULL PARTICULARS. 25. EASEMENTS, TERMS, COVENANTS, CONDITIONS AND OTHER MATTERS PERTAINING TO THE LAND CONTAINED IN THE DEED FROM PACIFIC COAST HOMES, A CALIFORNIA CORPORATION, AS GRANTOR, TO PLC, A CALIFORNIA GENERAL PARTNERSHIP, AS GRANTEE, RECORDED MAY 9, 1996 AS INSTRUMENT NO. 19960234828 OF OFFICIAL RECORDS. REFERENCE BEING MADE TO SAID DOCUMENT FOR FULL PARTICULARS. PAGE 5 OR-9933595 TITLE OFFICER - WILLIAMS 26. A CONSTRUCTION DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT (INCLUDING FIXTURE FILING) TO SECURE A REVOLVING LINE OF CREDIT LOAN AMOUNT OF $40,000,000.00, RECORDED MARCH 19, 1997 AS INSTRUMENT NO. 19970124621 OF OFFICIAL RECORDS. DATED: MARCH 6. 1997. TRUSTOR: PLC, A CALIFORNIA GENERAL PARTNERSHIP. TRUSTEE: FIRST AMERICAN TITLE INSURANCE COMPANY. BENEFICIARY: BANK ONE, ARIZONA, NA, A NATIONAL BANKING ASSOCIATION. NOTE 1: AN INSTRUMENT MODIFIES THE TERMS OF SAID DEED OF TRUST AS THEREIN PROVIDED, RECORDED: AUGUST 13, 1997 AS INSTRUMENT NO. 19970388139 OF OFFICIAL RECORDS. EXECUTED BY: BANK ONE, ARIZONA, NA, A NATIONAL BANKING ASSOCIATION. NOTE 2: AN INSTRUMENT SUBSTITUTING THE TRUSTEE UNDER SAID DEED OF TRUST RECORDED DECEMBER 16, 1998 AS INSTRUMENT NO. 19980868180 OF OFFICIAL RECORDS. SUBSTITUTES AS TRUSTEE: BANK ONE, ARIZONA, NA, A NATIONAL BANKING ASSOCIATION. 27. AN UNRECORDED MANAGEMENT AGREEMENT DATED MAY 6, 1996, EXECUTED BY PLC, A CALIFORNIA GENERAL PARTNERSHIP AS BORROWER, AND PLC LAND COMPANY, A CALIFORNIA CORPORATION AS MANAGER, UPON THE TERMS, COVENANTS AND CONDITIONS PROVIDED THEREIN, AS DISCLOSED BY A SUBORDINATION AGREEMENT RECORDED MARCH 19, 1997 AS INSTRUMENT NO. 19970124622 WHICH SUBORDINATED THE ABOVE UNRECORDED MANAGEMENT AGREEMENT TO THE DEED OF TRUST RECORDED MARCH 19, 1997 AS INSTRUMENT NO. 19970124621 BOTH OF OFFICIAL RECORDS. 28. THE TERMS, PROVISIONS AND CONDITIONS CONTAINED IN A DOCUMENT ENTITLED "SCHOOL FACILITIES MITIGATION AGREEMENT", EXECUTED BY AND BETWEEN HUNTINGTON BEACH UNION HIGH SCHOOL DISTRICT AND PLC, A CALIFORNIA GENERAL PARTNERSHIP, RECORDED AUGUST 1, 1997 AS INSTRUMENT NO. 19970367888 OF OFFICIAL RECORDS. PAGE 6 OR-9933595 TITLE OFFICER - WILLIAMS DESCRIPTION THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF ORANGE, CITY OF HUNTINGTON BEACH, AND IS DESCRIBED AS FOLLOWS: PARCEL 1, AS SHOWN AND DESCRIBED IN THAT CERTAIN CONDITIONAL CERTIFICATE OF COMPLIANCE NO. 96-5, RECORDED FEBRUARY 28, 1996 AS INSTRUMENT NO. 19960095326 OF OFFICIAL RECORDS OF ORANGE COUNTY, CALIFORNIA. PAGE 7 OR-9933595 TITLE OFFICER - WILLIAMS * * * * * * * * WARNING "THE MAP ATTACHED HERETO MAY OR MAY NOT BE A SURVEY OF THE LAND DEPICTED THEREON. YOU SHOULD NOT RELY UPON IT FOR ANY PURPOSE OTHER THAN ORIENTATION TO THE GENERAL LOCATION OF THE PARCEL OR PARCELS DEPICTED. FIRST AMERICAN EXPRESSLY DISCLAIMS ANY LIABILITY FOR ALLEGED LOSS OR DAMAGE WHICH MAY RESULT FROM RELIANCE UPON THIS MAP". * * * * * * * * MVS PLATS (CC&R'S, IF ANY) ENCLOSED. NOTE: WIRING INSTRUCTIONS FOR SUB-ESCROW DEPOSITS ARE AS FOLLOWS: FIRST AMERICAN TRUST COMPANY ACCOUNT #15020 ABA #122241255 114 E. FIFTH STREET ACCOUNT NAME: FIRST AMERICAN SANTA ANA, CA 92701 TITLE COMPANY CREDIT TO FIRST AMERICAN TITLE COMPANY OR-9933595 TITLE OFFICER - MICHAEL C. WILLIAMS DISREGARD IF FIRST AMERICAN IS YOUR ESCROW SETTLEMENT AGENT -- CONTACT ESCROW OFFICER FOR WIRING INSTRUCTIONS COPY WITH PLAT (AND CC&R, IF ANY) TO: WALDEN & ASSOCIATES 18012 COWAN, STE. 210 IRVINE, CALIFORNIA 92714 ATTN: JEFF WALDEN PAGE 8 OR-9933595 TITLE OFFICER - WILLIAMS NOTICE SECTION 12413.1 OF THE CALIFORNIA INSURANCE CODE, EFFECTIVE JANUARY 1, 1990, REQUIRES THAT ANY TITLE INSURANCE COMPANY, UNDERWRITTEN TITLE COMPANY, OR CONTROLLED ESCROW COMPANY HANDLING FUNDS IN AN ESCROW OR SUB-ESCROW CAPACITY, WAIT A SPECIFIED NUMBER OF DAYS AFTER DEPOSITING FUNDS, BEFORE RECORDING ANY DOCUMENTS IN CONNECTION WITH THE TRANSACTION OR DISBURSING FUNDS. THIS STATUTE ALLOWS FOR FUNDS DEPOSITED BY WIRE TRANSFER TO BE DISBURSED THE SAME DAY AS DEPOSIT. IN THE CASE OF CASHIER'S CHECKS OR CERTIFIED CHECKS, FUNDS MAYBE DISBURSED THE NEXT DAY AFTER DEPOSIT. IN ORDER TO AVOID UNNECESSARY DELAYS OF THREE TO SEVEN DAYS, OR MORE, PLEASE USE WIRE TRANSFER, CASHIER'S CHECKS, OR CERTIFIED CHECKS WHENEVER POSSIBLE. IF YOU HAVE ANY QUESTIONS ABOUT THE EFFECT OF THIS NEW LAW, PLEASE CONTACT YOUR LOCAL FIRST AMERICAN OFFICE FOR MORE DETAILS. NOTICE IN ACCORDANCE WITH SECTIONS 18662 AND 18668 OF THE REVENUE AND TAXATION CODE, A BUYER MAY BE REQUIRED TO WITHHOLD AN AMOUNT EQUAL TO THREE AND ONE-THIRD PERCENT OF THE SALES PRICE IN THE CASE OF THE DISPOSITION OF CALIFORNIA REAL PROPERTY INTEREST BY EITHER: 1. A SELLER WHO IS AN INDIVIDUAL WITH A LAST KNOWN STREET ADDRESS OUTSIDE OF CALIFORNIA OR WHEN THE DISBURSEMENT INSTRUCTIONS AUTHORIZE THE PROCEEDS BE SENT TO A FINANCIAL INTERMEDIARY OF THE SELLER, OR 2. A CORPORATE SELLER WHICH HAS NO PERMANENT PLACE OF BUSINESS IN CALIFORNIA. THE BUYER MAY BECOME SUBJECT TO PENALTY FOR FAILURE TO WITHHOLD AN AMOUNT EQUAL TO THE GREATER OF 10 PERCENT OF THE AMOUNT REQUIRED TO BE WITHHELD OR FIVE HUNDRED DOLLARS ($500). HOWEVER, NOTWITHSTANDING ANY OTHER PROVISION INCLUDED IN THE CALIFORNIA STATUTES REFERENCED ABOVE, NO BUYER WILL BE REQUIRED TO WITHHOLD ANY AMOUNT OR BE SUBJECT TO PENALTY FOR FAILURE TO WITHHOLD IF: 1. THE SALES PRICE OF THE CALIFORNIA REAL PROPERTY CONVEYED DOES NOT EXCEED ONE HUNDRED THOUSAND DOLLARS ($100,000), OR 2. THE SELLER EXECUTES A WRITTEN CERTIFICATE, UNDER THE PENALTY OF PERJURY, CERTIFYING THAT THE SELLER IS A RESIDENT OF CALIFORNIA, OR IF A CORPORATION, HAS A PERMANENT PLACE OF BUSINESS IN CALIFORNIA, OR 3. THE SELLER, WHO IS AN INDIVIDUAL, EXECUTES A WRITTEN CERTIFICATE, UNDER THE PENALTY OF PERJURY, THAT THE CALIFORNIA REAL PROPERTY BEING CONVEYED IS THE SELLER'S PRINCIPAL RESIDENCE (AS DEFINED IN SECTION 1034 OF THE INTERNAL REVENUE CODE). THE SELLER IS SUBJECT TO PENALTY FOR KNOWINGLY FILING A FRAUDULENT CERTIFICATE FOR THE PURPOSE OF AVOIDING THE WITHHOLDING REQUIREMENT. THE CALIFORNIA STATUTES REFERENCED ABOVE INCLUDE PROVISIONS WHICH AUTHORIZE THE FRANCHISE TAX BOARD TO GRANT REDUCED WITHHOLDING AND WAIVERS FROM WITHHOLDING ON A CASE-BY-CASE BASIS. THE PARTIES TO THIS TRANSACTION SHOULD SEEK AN ATTORNEY'S, ACCOUNTANT'S, OR OTHER TAX SPECIALIST'S OPINION CONCERNING THE EFFECT OF THIS LAW ON THIS TRANSACTION AND SHOULD NOT ACT ON ANY STATEMENTS MADE OR OMITTED BY THE ESCROW OR CLOSING OFFICER. PAGE 9 • • N 355643' F(R, _ _ _ C2 I IJ m I L5 C3 N 01'41'42" E() C4 NO SCALE C6 S 2724'07 ELRZ 00, G PARCEL 1 C7N 01*s0_44' E(I) \\ 8 Cl L1---------110 P.O.B. COLDENWEST STREET ALDEN & SSOCIATES 18012 COWAN. SUITE 210. IRVINE, CA 92714 (714) 660 -0110 FAX: 880-0418 EXHIBIT SKETCH TO ACCOMPANY A LEGAL DESCRIPTION FOR CERTIFICATE OF COMPLIANCE W.O. No 0808-162-2SCF Date 2/24/96 En r. J•W. Chk. 0A Sheet-!-Of -5 PUR. SECS. 3. 4 d 109 T.6 S-* R 11 W. 110-01 0 0 53 3.122AC. $4S PREPARED FOR ORANGE>i?3ESSOR DEPT. PURPOSES ONLY.::%L MAKES NO GUARANTEE AS TO JK4ZXASY NOR ASSUMES ANY LIABILITY i x USES NOT TO BE REPRODUCED. RESERVED.r:u11 GRANGE COUNTY ASSESSOR 1998 yo 100 19 87.554 AC. so 56 as 53 27.25'J6l 9• JJ,fJ 54 JSJr 12.12'j! J JJq1 J>. 55 42 48 33 49 >na N5'o 34 35 R- 110- 23 37 116 AC. v 72 ° 50 71 -5-70' .0 15.30• 73.31' 0 51 7LO0' 2J3. AC 46 0.255 AC. 74 5HMWTWJGTON AC SEA CLIFF COUNTRY OfCLUB 1 122.51 AC. 103.06A-k -6476267 37* R. S. 59 - 2. 3 60.13, y i 0 +l ti 4 -If4lgl 132.40• qh 200' 23 AV Nil R. S. 97-35 /73 4 g 71'0 53.909 AC. 30'R MARCH 1969 = 69 0.406 AC.A G A J110 65 0.429 AC o 159- 42 f 11o-2 0 EWAM 1iLDRW 66 0 70 26 f$. 0 6 33.03 ,°b ? f 67 1.196 ,,o-46 462.97' 320 .1114 68 0. 426 AC. R. S. 3 - 28 f0• AC °o. e1a3+5• 1" = 600' NOTE - ASSESSOR'S BLOCK PARCEL NUMBERS 1,1-98SHOWN IN CIRCLES v ASSESSOR'S MAP BOOK 2 3 PAGE 18 COUNTY OF ORANGE 25 023-18 45' 1-W 45. SJ DALE OR. AN AVE. PRIVATE STREI