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HomeMy WebLinkAbout01 TPFA AMEND TO JPA 09-23-02AGENDA REPORT NO. 1 09-23-02 400- ~ 490-70 MEETING DATE: SEPTEMBER 23, 2002 150 50 ~ TO: FROM: SUBJECT: HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL, BOARD OF DIRECTORS OF TUSTIN COMMUNITY REDEVELOPMENT AGENCY, BOARD OF DIRECTORS OF TUSTIN PUBLIC FINANCING AUTHORITY ~ WILLIAM A. HUSTON, CITY MANAGER SPECIAL MEETINGS OF THE TUSTIN CITY COUNCIL, TUSTIN COMMUNITY REDEVELOPMENT AGENCY, AND TUSTIN PUBLIC FINANCING AUTHORITY RECOMMENDATION: Acting as the Tustin City Council, Tustin Community Redevelopment Agency, and Tustin Public Financing Authority, approve the following: City Council , Resolution No. 02-90 of the City Council of the City of Tustin authorizing the Execution of an Amendment to the Joint Exercise of Powers Agreement Creating the Tustin Public Financing Authority. , Resolution No. 02-91 of the City Council of the City of Tustin Approving a Quitclaim Deed from the City to the Tustin Public Financing Authority and authorizing the City Manager to execute such Quitclaim Deed and to take all necessary implementing actions. Community RedeveloD_ment A.ae_ncv I . Resolution No. RDA 02-3 of the Board of Directors of the Tustin Community Redevelopment Agency Authorizing the Execution of an Amendment to the Joint Exercise of Powers Agreement Creating the Tustin Public Financing Authority. Tustin Public Financi.n_g Aut_horitv_. I o Resolution No. TPFA 02-01 of the Board of Directors of the Tustin Public Financing Authority Authorizing Acceptance of a Quitclaim Deed, Execution of a Promissory Note and Deed of Trust, Recordation of the Quitclaim Deed and Deed of Trust, Delivery of the Promissory Note and copy of the Recorded Deed of Trust, and authorizing the Executive Director to accept both the Quitclaim Deed, execute the Promissory Note and Deed of Trust, and to take all necessary implementing actions. FISCAL IMPACT: None. DISCUSSION: In May of 2002, the City of Tustin ("City") and the Tustin Public Financing Authority ("Authority") entered into the Settlement and Release Agreement with the Santa Ana Unified School District ("SAUSD") (the "Settlement Agreement"). To secure the City's obligations under the Settlement Agreement, the Authority (which is a joint powers authority composed of the City and the Tustin Community Redevelopment Agency) agreed to secure an irrevocable Standby Letter of Credit in the amount of Sixty Million Dollars ($60,000,000.00) to be' issued to SAUSD. However, if that could not be accomplished, the Authority agreed in the Settlement Agreement to deliver to SAUSD a Promissory Note in the amount of Sixty Million Dollars ($60,000,000.00) and a Deed of Trust for designated properties at MCAS, TuStin. The Authority has not been able to reach agreement with a bank to secure the Letter of Credit and therefore desires to provide SAUSD with the Note and Deed of Trust. In order for the Authority to fulfill its obligation to execute and deliver the Note and Deed of Trust, the property to be secured by the Deed of Trust must be transferred .by the City to the Authority. The City desires to cooperate with the Authority by providi'ng a Quitclaim Deed for the property to the Authority (Resolution No. 02-91). To clarify the powers of the Authority to accomplish its tasks under the Settlement Agreement, it is proposed that the Joint Powers Agreement that established the Authority be amended (Resolution No. 02-90). This Amendment will also need to be approved by the Tustin Community Redevelopment Agency (Resolution No. RDA 02-3). To comply with the Settlement Agreement, the Authority must accept the Quitclaim Deed, authorize execution of the Note and Deed of Trust, authorize recordation of the Quitclaim Deed and Deed of Trust, and authorize delivery of the Note and copy of the recorded Deed of Trust to SAUSD (Resolution No. TPFA 02-01). The proposed Deed of Trust is secured by approximately ninety-seven (97) acres ("Secured Property") identified in Section 4.3 and Exhibit F to the Settlement Agreement. Based upon recent evidence of the sales of comparable property and 2001 land value projections by the City's consultants, the current fair market value of the Secured Property exceeds Sixty-Seven Million Dollars ($67,000,000.00). CEQA The actions are solely to secure financial obligations. None of the actions proposed will have or could have an effect on the environment. Accordingly, the actions do not constitute a "project" under CEQA. RESOLUTION NO. 02-90 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN AUTHORIZING THE EXECUTION OF AN AMENDMENT TO THE JOINT EXERCISE OF POWERS AGREEMENT CREATING THE TUSTIN PUBLIC FINANCING AUTHORITY RESOLVED, by the City Council (the "Council") of the City of Tustin (the "City"), as follows: WHEREAS, the City and the Tustin Community Redevelopment Agency (the "Agency" and, with the City, the "Members"), have heretofore approved the Joint Exercise Powers Agreement, dated as of May 1, 1995 (the "Agreement") under Articles 1 through 4 (commencing with section 6500) of Chapter 5, Division 7, Title 1 of the California Government Code, for the purpose of establishing a vehicle which may reduce local borrowing costs and promote the greater use of existing and new financial instruments and mechanisms, and have established the Tustin Public Financing Authority (the "Authority"); WHEREAS, the Members have determined to amend the Agreement to provide additional powers to the Authority; NOW, THEREFORE, BE It RESOLVED, DETERMINED AND ORDERED by the City Council of the City of Tustin as follows: Section 1. Amendment of Agreement. The Council hereby authorizes the City Manager, or the City Manager's designee, to execute, and the City Clerk to attest, an amendment to the Agreement, in substantially the form on file with the City Clerk, together with any changes therein deemed advisable by the City Attorney. Section 2. Official Actions. The City Manager, the Assistant City Manager, the Finance Director, and all other proper officers of the City are hereby authorized and directed to take all actions and do all things necessary or desirable hereunder, including but not limited to the execution and delivery of any and all agreements, certificates, instruments and other documents, which they, or any of them, may deem necessary or desirable and not inconsistent with the purposes of this resolution. Section 3. This Resolution shall take effect upon its adoption by the Council. APPROVED and ADOPTED by the City Council of the City of Tustin on September 23, 2002. ATTEST: Mayor/Mayor Pro Tem Pamela Stoker, City Clerk FIRST AMENDMENT TO JOINT EXERCISE OF POWERS AGREEMENT Dated September 23, 2002 by and between the CITY OF TUSTIN and the TUSTIN COMMUNITY REDEVELOPMENT AGENCY Amending that Certain Joint Exercise of Powers Agreement Dated May 1, 1995 by and between the City of Tustin and the Tustin Community Redevelopment Agency (TUSTIN PUBLIC FINANCING AUTHORITY) FIRST AMENDMENT TO JOINT EXERCISE OF POWERS AGREEMENT TUSTIN PUBLIC FINANCING AuTHORITY THIS FIRST AMENDMENT TO JOINT POWERS AGREEMENT (the "Amendment"), dated September 23, 2002, is by and between the CITY OF TUSTIN (the "City") and the TUSTIN COMMUNITY REDEVELOPMENT AGENCY (the "Agency" and, with the City, the "Members"), each duly organized and existing under the laws of the State of California, Amending that Certain Joint Exercise of Powers Agreement, dated May 1, 2995, by and between the City and the Agency (the "Agreement"); WITNESSETH: WHEREAS, the Members have heretofore approved the Agreement under Articles 1 through 4 (commencing with section 6500) of Chapter 5, Division 7, Title I of the California Government Code, for the purpose of establishing a vehicle which may reduce local borrowing costs and promote the greater use of existing and new financial instruments and mechanisms, and have established the Tustin Public Financing Authority (the "Authority"); WHEREAS, the Members have determined to amend the Agreement to provide additional powers to the Authority; NOW, THEREFORE, in consideration of the above Premises and of the mutual promises herein contained, the Members do hereby agree as follows: Section 1. Amendment. Section 5.03 of the Agreement is hereby amended in full as follows: Section 5.03...Specific Powers. The Authority is hereby authorized, in its own name, to do all acts necessary for the exercise of the foregoing powers, including but not limited to, any or all of the following: (a) to make and enter into contracts; (b) to employ agents or employees; (c) to acquire, construct, manage, maintain or operate any Public Improvement, including the common power of the City, the Agency and any Associate Member to acquire any Public Improvement by the power of eminent domain or any other lawful means; (d) to sue and be sued in its own name; (e) to issue Revenue Bonds and otherwise to incur debts, liabilities or obligations, provided that no such Bond, debt, liability or obligation shall constitute a debt, liability or obligation of the City or the Agency; (f) to apply for, accept, receive and disburse grants, loans and other aids from any agency of the United States of America or of the State; (g) to invest any money in the treasury pursuant to section 6505.5 of the California Government Code which is not required for the immediate necessities of the Authority, as the Authority determines is advisable, in the same manner and upon the same conditions as local agencies, pursuant to section 53601 of the California Government Code; (h) to apply for letters of credit or other form of financial guarantees in order to secure the repayment of Bonds and enter into agreements in connection therewith; (i) to carry out and enforce ail the provisions of this Agreement; (j) to make and enter into Bond Purchase Agreements and any other agreements, assignments and documents of any nature whatsoever as may be necessary or convenient in the exercise of its powers hereunder or under the Act; (k) to purchase Obligations of or to make loans to the City, the Agency or any other Local Agency for the purposes hereof, or to refinance indebtedness incurred by the City, the Agency or any other Local Agency in connection with any of the purposes hereof; (1) to establish community facilities districts under the Mello-Roos Community Facilities Act of 1982, as amended; and (m) to make loans to the City, the Agency or any other Local Agency, to the extent the City, the Agency or any other Local Agency is authorized by law to borrow moneys; (n) to secure its .obligations with deeds of trust on its Property; and (o) to exercise any and all other powers as may be provided in the Act or in the Bond Law. Section 2. All Other Provisions of Agreement. All other provisions of the Agreement, unless affected by this Amendment shall remain in full force and effect. Section 3. Execution in Counterparts. This Amendment may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. -2- IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and attested by their proper officers thereunto duly authorized and their official seals to be hereto affixed, on the day and year set opposite the name of each of the parties. CITY OF TUSTIN ATTEST: By City Manager City Clerk TUSTIN COMMUNITY REDEVELOPMENT AGENCY ATTEST: By Executive Director Secretary -3- Internet 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 02-91 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, APPROVING A QUITCLAIM DEED FROM THE CITY TO THE TUSTIN PUBLIC FINANCING AUTHORITY AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE QUITCLAIM DEED AND TO TAKE ALL NECESSARY IMPLEMENTING ACTIONS. The City Council of the City of Tustin finds as follows: A. On or about May 8, 2002, the City of Tustin ("City") contracted to acquire certain property located at the former Marine Corps Air Station ("MCAS") from the United States of America, which property has since been conveyed to the City. B. On or about May 10, 2002, the City entered into a Settlement and Release Agreement among the Santa Ana Unified School District ("District"), the.City, the Tustin Local Redevelopment Authority for the U.S. Marine Corps Air Station, Tustin, and the Tustin Public Financing Authority ("Authority") (hereinafter referred to as the Settlement Agreement). C. Pursuant to the Settlement Agreement, the City desires to cooperate with the Authority by quitclaiming property so that the Authority may furnish the District with a Promissory Note in the amount of Sixty Million Dollars ($60,000,000.00) and a Deed of Trust to secure the Note. D. The obligations and is not a Act ("CEQA"). City's Quitclaim Deed is proposed solely to secure financial "project" within the meaning of the California Environmental Quality II. The City Council of the City of Tustin resolves as follows: A. That the approval of the Quitclaim Deed is not a "project" within the meaning of CEQA. B. That the City Manager is authorized: to sign the Quitclaim Deed to the Authority, attached hereto as Exhibit "A"; to deliver the Quitclaim to the Authority; and to take all necessary implementing actions. Tustin Resolution re: Execution of Quitclaim Internet 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin held on the 23rd day of September, 2002. JEFFERY THOMAS, MAYOR OR TRACY WILLS WORLEY, MAYOR PRO TEM ATTEST: PAMELA STOKER CITY CLERK -2- Internet 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 EXHIBIT "A" (Quitclaim Deed) -4- CITY OF TUSTIN OFFICIAL BUSINESS REQUEST DOCUMENT TO BE RECORDED AND TO BE EXEMPT FROM RECORDING FEES PER GOVERNMENT CODE 6103 Recording reqUested by and when recorded mail to: City Manager The City of Tustin 300 Centennial Way Tustin, CA 92780 EXECUTION VERSION 9/11/02 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Space Above This Line Reserved for Recorder's Use CITY QUITCLAIM DEED D AND ENVIRONMENTAL RESTRICTION PURSUANT TO CIVIL CODE SECTION 1471 This Quitclaim Deed ("Deed") is made this day of 2002, by the CITY OF TUSTIN, CALIFORNIA, a municipal corporation duly organized and existing under and by virtue of the laws of the State of California (the "GRANTOR"), in favor of the TUSTIN PUBLIC FINANCING AUTHORITY, a joint powers authority, organized and existing under the laws of the State of California (the "GRANTEE"). RECITALS: WHEREAS A. The United States of America ("Government") and the GRANTOR entered into the Agreement between the United States of America and the City of Tustin, California, for the Conveyance o f a Portion oft he Former Marine Corps A ir Station Tustin (the "Agreement"), dated May 13, 2002; and B. Pursuant to the Agreement, the Government conveyed property at the Marine Corps Air Station, Tustin ("City Property") to the GRANTOR onMay 13, 2002; and C. Pursuant to California Civil Code § 1471, the Government determined thatit is reasonably necessary t o impose certain restrictions o n t he u se o f t he City Property t o protect present and future human health or safety or the environment as a result of the presence of hazardous materials on portions of the City Property described hereinafter with particularity. 03-76189.06 MCAS TUSTIN CITY QUITCLAIM DEED D Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 D. GRANTOR desires to convey and GRANTEE desires to acquire a portion of the City Property to facilitate economic redevelopment in accordance with the Reuse Plan for MCAS Tustin. NOW THEREFORE, the GRANTOR, fOr good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, does hereby remise, release and forever quitclaim to the GRANTEE, all of GRANTOR's right, title and interest in and to that certain real property, comprising approximately 97.7 acres, more or less ("Authority Property"), as more particularly described as Parcels 1 and 2 in Exhibit "A." 1. TOGETHER WITH: 1.1. All improvements on the Authority Property excluding the following: 1.1.1 Electrical, gas, telephone and cable television systems, including distribution lines, pad mounted and overhead distribution poles and/or transformers, and all conduits and duct banks from outlet or master meters or connection points to end usage points; all GRANTOR owned water, sewer, and storm drain systems ( does not include culvert ditches); including distribution lines and pipelines from outlet or master meters or connection points currently owned by GRANTOR to end usage points ("Systems"). 1.2 All hereditaments and tenements therein and reversions, remainders, issues, profits, privileges and other rights belonging or related thereto. 2. EXCEPTING THEREOUT AND THEREFROM, however, a nd reserving t o GRANTOR its successors and assigns, together with the right to grant and transfer all or a portion of the same, the following: 2.1 Any and all oil, oil fights, minerals, mineral rights, natural gas fights and other hydrocarbons by whatsoever name known, geothermal steam and all products derived from any of the foregoing, that may be within or under the Authority Property together with the perpetual right of drilling, mining, explOring for and storing in and removing the same from the Authority Property or any other land, including the right to whipstock or directionally drill and mine from lands other than the Authority Property, oil or gas wells, tunnels and shafts into, through or across the subsurface of the Authority Property and to bottom such whipstocked or directionally drilled wells, tunnels and shafts under and beneath or beyond the exterior limits thereof, and to redrill, retunnel, equip, maintain, repair, deepen and operate any such well or mines; but without, however, the fight to drill, mine, store, explore or operate through the surface of the Authority Property. 2.2 Any and all water, water rights or interests therein appurtenant or relating to the Authority Property or owned or used by the GRANTOR in connection with or with respect to the Authority Property ( no matter how acquired by the GRANTOR), whether such water rights 03-76189.06 MCAS TUSTIN CITY QUITCLAIM DEED D Page 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 shall be riparian, overlying, appropriative, littoral, percolating, prescriptive, adjudicated, statutory or contractual, together with the perpetual right and power to explore, drill, redrill and remove the same from o r in t he Authority Property, t o s tore the same beneath t he surface o f t he Authority Property and to divert or otherwise utilize such water, fights or interests on any other property owned or leased by GRANTOR; but without, however, any fight to enter upon or use the surface of the Authority Property in the exercise of such rights. 2.3 A permanent easement to access, use, install, maintain, operate, construct, replace, and repair the Systems owned by the GRANTOR on, in, over and under the Authority Property. GRANTOR and GRANTEE have not been able to prepare maps or drawings describing the location and extent of the Systems prior to the execution of this Deed, therefore, the exact location of this easement right is unknown, but shall be coterminous with the actual location of the Systems as determined in the future and shall extend to the minimum amount of space actually required to access, use, install, maintain, operate, replace, upgrade and repair existing Systems within the Authority Property. 2.4 A permanent n on-exclusive easement i n g ross o n, over, under o r a cross the Authority Property within 10 feet from all property lines bordering on and parallel to any public street or future public street as identified on the MCAS Tustin Reuse Plan for the construction, installation, emplacement, operation and maintenance of electric and water facilities, without unreasonably interfering with GRANTOR's reasonable use and enjoyment thereof.. 3. SUBJECT TO THE FOLLOWING NOTICES, COVENANTS, RESTRICTIONS, AND CONDITIONS, which shall be binding upon and enforceable against the GRANTEE, its successors and assigns, in perpetuity: 3.1 The GRANTEE agrees to accept conveyance of the Authority Property subject to all covenants, conditions, restrictions, easements, rights-of-way, reservations, rights, agreements and encumbrances of record. 3.2 The quitclaim deed from the Government conveying the City Property to the GRANTOR was recorded prior to the recordation of this Deed. In its transfer of the City Property to the GRANTOR, the Government identified certain building(s) or pOrtions of building(s) as being located on the Authority Property. The GRANTOR has no knowledge regarding the accuracy of such information. Additionally, in its transfer of the City Property to the GRANTOR, the Government identified certain building(s) or portions of building(s) as having, presumed to have, or requiring surveys for, friable and non-friable asbestos containing materials and lead based paint, and the presence of certain contaminants and hazardous materials. The GRANTOR has no knowledge regarding the accuracy of such information, and the GRANTOR makes no warranties regarding the condition of the building(s) on the Authority Property. 03-76189.06 MCAS TUSTIN CITY QUITCLAIM DEED D Page 4 1 GRANTOR makes no warranties regarding the environmental conditions on the 2 Authority Property; GRANTOR has no knowledge regarding the accuracy or adequacy of the 3 Government's remediation of the City Property as provided in the deed conveying the City 4 Property to the GRANTOR, and GRANTOR has taken no steps to abate any such conditions. 5 6 7 8 .9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 The italicized information below is copied verbatim (except as discussed below) from the Government deed conveying the City Property to the GRANTOR. To the extent applicable to the Authority Property conveyed hereunder, by acceptance of this Deed the GRANTEE hereby acknowledges and assumes all responsibilities placed upon the GRANTOR under the terms of the aforesaid Government deed to GRANTOR. Within the italicized information only, the term "GRANTOR" shall mean the Government, and the term "GRANTEE" shall mean the City of Tustin; to avoid confusion, the words "Government" have been added in parenthesis after the word "GRANTOR", and "City of' Tustin" has been added in parenthesis after the word "GRANTEE". "2. SUBJECT TO THE FOLLOWING NOTICES, COVENANTS, RESTRICTIONS, AND CONDITIONS, which shall be binding upon and enforceable against the GRANTEE ("City of Tustin "), its successors and assigns, in perpetuity: 2.1 The GRANTEE ("City of Tustin") agrees to accept conveyance of the Property subject to all covenants, conditions, restrictions, easements, rights- of-way, reservations, rights, agreements, and encumbrances of record. 2.2 A FOST has been completed and an Environmental Baseline Survey ("EBS") report is referenced in the FOSZ The FOST and EBS reference environmental conditions on the Property and on other property not subject to this Deed. GRANTEE ("City of Tustin ") acknowledges that it has received copies of the EBS and the FOST and that all documents referenced therein have been made available to GRANTEE ("City of Tustin ")for inspection and copying. 2.3 Except as otherwise provided herein, or as otherwise provided by law, the GRANTEE ("City of Tustin'') acknowledges that it has inspected, is aware of, and accepts the condition and state of repair of the Property, and that the Property is conveyed "as is" and "where is" without any representation, promise, agreement, or warranty on the part of the GRANTOR ("Government") regarding such condition and state of repair, or regarding the making of any alterations, improvements, repairs or additions. Except for the environmental remediation which may be required to be undertaken by GRANTOR ("Government") pursuant to paragraph 2.6 below, the GRANTEE ("City of Tustin ")further acknowledges that the GRANTOR ("Government') shall not be 03-76189.06 MCAS TUSTIN CITY QUITCLAIM DEED D Page 5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 liable for any latent or patent defects in the Property except to the extent required by applicable law. 2.4 Asbestos Containing Material 2.4.1. GRANTEE ("City of Tustin ") is hereby informed and does hereby acknowledge that hazardous materials in the form of asbestos or asbestos- containing materials ("ACM") have been found and are otherwise presumed to exist in Building 176 on the Property. The EBS and FOST disclose the presence of known asbestos or ACM hazards in such buildings and structures on the Property. 2.4.2. GRANTEE ("City of Tustin") covenants, on behalf of itself, its successors and assigns, as a covenant running with the land, that it will prohibit occupancy and use of buildings and structures, or portions thereof, containing known asbestos or ACM hazards prior to abatement of such hazards. In connection with its use and occupancy of the Property, including, but not limited to, demolition of buildings and structures containing asbestos or ACM, it will comply with all applicable federal, state and local laws relating to asbestos and A CM. 2.4.3 ACM surveys have not been conducted for Buildings/Structures 255, 525, 527, 531, 532, and 536, on Parcel I-D-1 and Buildings/Structures 537, 544, 545, and 568 on Parcel I:D-4. GRANTEE ("City of Tustin ") s hall p rohibit occupancy a nd u se oft hose buildings a nd structures and portions thereof until ACM surveys have been conducted by GRANTEE ("City of Tustin ") o r i ts successors a nd assigns, a nd a ny necessary abatement required under applicable federal, state and local laws relating to asbestos and ACM has been completed by GRANTEE ("City of Tustin')) or its successors and assigns. 2.4.4. The GRANTOR ("Government')) shall provide a notice of release, in recordable form, to the GRANTEE ("City of Tustin ") at such time as demolition of the buildings on the Property containing ACM has been completed and the appropriate government regulatory agency(s) have confirmed in writing to the GRANTEE ("City of Tustin") that ACM has been removed from the buildings and any necessary soil remediation has been conducted in accordance with all applicable federal, state, and local laws and regulations. This notice of release shall be deemed to remove all notices and restrictions relating to ACM from the Property. The GRANTOR ("Government") shall have no obligation under this subparagraph for the demolition of buildings or the removal of ACM or soil remediation related to such demolition or removal action. 03-76189.06 MCAS TUSTIN CITY QUITCLAIM DEED D Page 6 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 2.5 Lead Based Paint (LBP). 2.5.1. The Property may include improvements that are presumed to contain LBP because they are thought to have been constructed prior to 1978. Buildings 176 and 237 are restricted from residential use and children are not allowed to occupy the buildings. When these Buildings are demolished, the GRANTEE ("City of Tustin") or its successors and assigns, will be required to demolish the buildings in accordance with applicable laws and conduct post- demolition sampling and abatement of any soil-lead hazards related to the demolition p riot t o occupation o fa ny newly constructed buildings. Lead from paint, paint chips, and dust can pose health hazards if not managed properly. Pursuant to 40 CFR Section 745.113 the following notice is provide& "Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller's possession and notify the buyer of any knOwn' lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase." 2.5.2. The GRANTEE ("City of Tustin ") hereby acknowledges the required disclosure of the presence of any known LBP and/or L BP hazards in target housing constructed prior to 1978 in accordance with the Residential Lead-Based Paint Hazard Reduction Act of 1992, 42 U.S.C. Section 4852d (Title X). The GRANTEE ("City of Tustin") acknowledges the receipt of available records and reports pertaining to LBP and/or LBP hazards and receipt of the Environmental Protection Agency (EPA) approved pamphlet "Protect Your Family from Lead in Your Home" (EPA 747-K-94-000. Furthermore, the GRANTEE ("City of Tustin ") acknowledges that it has read and understood the EPA pamphlet. 2.5.3. The GRANTEE ("City of Tustin") covenants and agrees that, in any improvements on the Property defined as target housing by Title X and constructed prior to 1978, LBP hazards will be disclosed to potential occupants in accordance with Title X before use of such improvements as a residential dwelling (as defined in Title X). Further, the GRANTEE ("City of 03-76189.06 MCAS TUSTIN CITY QUITCLAIM DEED D Page 7 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Tustin ") covenants and agrees that LBP hazards in target housing will be abated in accordance with Title X before use and occupancy as a residential dwelling. "Target housing" means any housing constructed prior to 1978, except housing for the elderly or persons with disabilities (unless any child who is less than six [6] years of age resides, or is expected to reside, in such housing) or any zero- bedroom dwelling. 2.5.4. The GRANTEE ("City of Tustin") covenants and agrees that in its use and occupancy of the Property, it will comply with Title X and all applicable federal, state, and local laws relating to LBP. The GRANTEE ("City of Tustin'') acknowledges that the GRANTOR ("Government") assumes no liability for damages for personal injury, illness, disability, or death to the GRANTEE ("City of Tustin''), or to any other person, including members of the general public, arising from or incident to the purchase, transportation, removal, handling, use, disposition, or other activity causing or leading to contact of any kind whatsoever with LBP on the Property, arising after the conveyance of the Property from the GRANTOR ("Government") to the GRANTEE ("City of Tustin''), whether the GRANTEE ("City of Tustin") has properly warned, or failed to properly warn, the persons injured. 2.5.5. The GRANTOR ("Government") shall provide a notice of release, in recordable form, to the GRANTEE ("City of Tustin'') at suCh time as demolition of the buildings on the Property containing LBP has been completed and the appropriate government regulatory agency(s) have confirmed in writing to the GRANTEE ("City of Tustin'') that LBP has been removed from the buildings and any necessary soil remediation has been conducted in accordance with all applicable federal, state, and local laws and regulations. This Notice of Release shall be deemed to remove all notices and restrictions relating to LBP from the Property. The GRANTOR ("Government") shall have no obligation under this subparagraph for the demolition of buildings or the removal of LBP or soil remediation related to such demolition or removal action. 2.6. Notices And Covenants: 2.6.1. Notices: Hazardous Substance Notification. Pursuant to 42 U.S.C. 3~ 9620(h)(3)(A), and the provisions of 40 C.F.R. part 373, the Grantor ("Government") hereby gives notice that hazardous substances were stored for one year or more, released or disposed of on the Property. The information contained in this notice is required by regulations promulgated under Section 120(h) of the Comprehensive Environmental Response, Liability, and Compensation Act (CERCLA or "Superfund"), 42 U.S.C. ~ 9620(h). The Grantor ("Government") has made a complete search of its files and records concerning 03-76189.O6 MCAS TUSTIN CITY QUITCLAIM DEED D Page 8 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 the Property. Based on that search, the type and quantity of such hazardous substances, the time at which such storage, release or disposal took place, to the extent such information is available, and a description of the remedial action taken, if any, is contained in Exhibit "B." 2.6.2. Grant of Covenant [CERCLA 42 U.S.C. Section 9620 (h)(3)(A)(ii)(I)]. The GRANTOR ("Government") covenants and warrants that all remedial action necessary to protect human health and the environment with respect t o a ny hazardous substance re maining o n t he Property h as been taken before the date of transfer. 2.6.3. Additional Remediation Obligation [CERCLA 42 U.S.C. Section 9620 (h)(3)(A)(ii)(II)]. The GRANTOR ("Government") covenants and warrants that GRANTOR ("Government") shall conduct any additional remedial action found to be necessary after the date of transfer for any hazardous substance existing on the Property prior to the date of this Deed. This covenant shall not apply to the extent that the GRANTEE ("'City of Tustin") caused or contributed to any release or threatened release of any hazardous substance, pollutant, or contaminant. 2.6.4. Access [CERCLA 42 U.S.C. Section 9620 (h)(3)(A)(iii)]. In connection with GRANTOR's ("Government") covenant in 2.6.3 above and in connection with ongoing remediation on GRANTOR's ("Government")property adjacent to the Property, GRANTEE ("City of Tustin ") agrees on behalf of itself its successors and assigns, as a covenant running with the land, that GRANTOR ("Government"), or its officers, agents, employees, contractors and subcontractors, shall have the right, upon reasonable notice to GRANTEE ("City of Tustin "), to enter upon the Property in any case in which a response or corrective action is found to be necessary at such property after the date of this deed, o r such access is necessary t o carry o ut a response a Ction o r corrective action on adjoining property. Neither GRANTEE ("City of Tustin"), nor its successors and assigns, shall have any claim on account of such entries against the United States or any of its officers, agents,, employees, contractors or subcontractors. The right to enter shall include the right to conduct tests, investigations and surveys, including, where necessary, drilling, test-pitting, boring and other similar activities. Such right shall also include the right to construct, operate, maintain or undertake any other response or corrective action as required or necessary, including, but not limited to monitoring wells, pumping wells, treatment facilities, and the installation of associated utilities. In exercising these rights of.access, except in case of imminent and substantial endangerment to human health or the environment, the GRANTOR ("Government") (1) shall give the GRANTEE.("City of Tustin'') reasonable 03-76189.06 MCAS TUSTIN CITY QUITCLAIM DEED D Page 9 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18' 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 notice of any action to be taken related to such remedial or corrective actions on the Property, and (2) make reasonable efforts to minimize interference with the on-going use of the Property. Furthermore, the GtLdNTOR ("Government",) and GtL~NTEE ("City of Tustin") agree to cooperate in good faith to minimize any conflict between the necessary environmental investigation and remediation activities and the GRANTEE ("City of Tustin")'s use of the Property. Any inspection: survey, investigation or other response, corrective or remedial action undertaken by GRANTOR ("Government") will, to the maximum extent practical, be coordinated with representatives designated by the GRANTEE ("City of Tustin ''). In connection with GRANTOR's ("Government") remedial actions described above, GRANTEE ("City of Tustin ") agrees on behalf of itself, its successors and assigns, as a covenant running with the land, to comply with the provisions of any health or safety plan in effect during the course of any such action. 2. 7. Environmental Restriction. 2. 7.1. The following environmental covenants, conditions, and restrictions (hereinafter "environmental restrictions") regarding the use of the Property have been determined by the GRANTOR ("Government") to be reasonably necessary to protect present or future human health or safety or the environment a s provided by CERCLA a nd California Civil Code $ection ! 4 71. The environmental restrictions made and accepted herein by GRANTEE ("City of Tustin'') shall be for the benefit of and enforceable by the GRANTOR ("Government") herein as provided under Civil Code Section 1471 and applicable Federal statutes and regulations, shall run with the land, and shall be binding on the GRANTEE ("City of Tustin''), its successors and assigns. GRANTOR ("Government") has installed monitoring and pumping wells, together with associated monitoring and other equipment on the Property. The approximate location of those wells and associated equipment is shown on Exhibit "C. " GRANTEE ("City of Tustin "), its successors and assigns, shall not alter, disturb or remove said wells or equipment without the prior written approval of GRANTOR ("Government"), United States Environmental Protection Agency, California Department of Toxic Substance Control, and Regional Water Quality Board, Santa Ana Region (collectively "Cognizant Regulatory Agencies ''). 2.7.2. These environmental restrictions may be released at such time as the GRANTOR ("Government") and the Cognizant Regulatory Agencies have determined that the restricted Property is protective of present or future human health or safety of the environment for the use that was formerly 03-76189.06 MCAS TUSTIN CITY QUITCLAIM DEED D Page 10 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 prohibited. Upon receipt of such written confirmation, the GRANTOR ("Government") shall deliver to the GRANTEE ("City of Tustin") in recordable form, a release (the "Release") relating specifically to the environmental use restrictions set forth in this deed. The execution of the Release by the GRANTOR ("Government") shah remove all notices and restrictions relating to the remedy addressed by the restrictions from the title to the Property. 2.8. Indemnification Regarding Transferees. The GRANTOR ("Government") hereby recognizes its obligations under Section 330 of the National Defense Authorization Act of 1993 (Pub. L. 102-484), as amended, regarding indemnification of transferees of closing Department of Defense property. 2.9. Non-Discrimination. GRANTEE ("City of Tustin'') covenants for itself, its successors and assigns, that it will comply with all applicable provisions of the Civil Rights Act of 1964, section 504 of the Rehabilitation Act of 1973, and the Age Discrimination in Employment Act of 1975 in the use, occupancy, sale or lease of the Property. The foregoing shall not be construed to prohibit the operation of federal or state approved programs focusing on the special needs of the homeless, veterans, victims of domestic violence and other classes of persons at risk; nor shall it be construed to prohibit employment practices not otherwise Prohibited by law. The GRANTOR ("Government") shall be deemed a beneficiary of this covenant without regard to whether it remains the owner of any land or interest therein in the locality of the Property hereby conveyed and shall have the sole right to enforce this covenant in any court of competent jurisdiction. 3. NO HAZARD TO A IR NA VIGA TION: GRANTEE ("City of Tustin ") covenants for itself, its successors and assigns, that in connection with any construction or alteration on the Property, it will obtain a determination of no hazard to air navigation from the Federal Aviation Administration in accordance with Title 14, Code of Federal Regulations, part 77, entitled "Objects Affecting Navigable Airspace," or under the authority of the Federal Aviation Act of 1958, as amended. 4. THE CONDITIONS, RESTRICTIONS, RESERVATIONS, AND COVENANTS set forth herein are a binding servitude on the Property, shall inure to the benefit of GRANTOR ("Government") and GRANTEE ("City of Tustin ") and their respective successors and assigns, and will be deemed to run with the land in perpetuity, pursuant to California Civil Code sections 1462 and 14 71 and other applicable authority. 03-76189.06 MCAS TUSTIN CITY QUITCLAIM DEED D Page 11 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 3I 32 33 34 35 36 37 38 39 40 41 42 5. EASEMENTS: 5.1 GRANTOR ("Government"), for itself and for its successors and assigns, hereby reserves an assignable non-exclusive Easement for ingress and egress on, over, or across (1) Windmill Road as it is located on Parcel I-D-4, and (2) Parcel I-D-2, and an eighty-eight (88)foot wide length of Parcel I-D-13 at its intersection of Parcel I-D-2 ("Roadways') as of the date of this conveyance for use by GRANTOR's ("Government") employees, contractors, delivery services, vendors, maintenance personnel and ancillary service providers for purposes of access to the following properties which remain in the ownership of the GRANTOR ("Government") as of the effective date of this Deed ("Remaining Lands'): Parcel III-D-5, Parcel III-D-6, Parcel III-D-7, Parcel III-D-& Parcel II-D-1 O, Parcel III-D-9, and Parcel III-D-1. 5.2 To the extent one or more of the Roadway(s) described above are abandoned or otherwise cease to provide access to the Remaining Lands after the date of this conveyance, and said access continues to be required, said Easement shall be on, across, and over such other improved or unimproved roads provided by the GRANTEE ("City of Tustin''), or its successor and assigns, that provide equivalent access to the Remaining Lands. In the event GRANTOR ("Government") determines that access to the Remaining Lands is no longer required by GRANTOR ("Government"), or is available on, across, and over other public road(s) open to public use for which access is not restricted or controlled for all members of the public, said Easement shall automatically terminate." 4. The responsibilities and obligations placed upon the GRANTOR by the Government shall run with the land and be binding on all subsequent owners of the Authority Property unless or until such responsibilities and obligations are released pursuant to the provisions set forth in the Government deed. GRANTEE and its successors and assigns, respectively, shall not be liable for any breach of such responsibilities and obligations with regard to the Authority Property arising from any matters or events occurring after transfer of ownership of the Authority Property by GRANTEE or its successors and assigns, respectively; provided, however, that each such party shall, notwithstanding such transfer, remain liable for any breach of such responsibilities and obligations to the extent caused by the fault or negligence of such party. [Signature Page Follows] 03-76189.06 MCAS TUSTIN CITY QUITCLAIM DEED D Page 12 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 IN WITNESS WHEREOF, the GRANTOR, the CITY OF TUSTIN, has caused these presents to be executed on the day first above written. CITY OF TUSTIN, CALIFORNIA By: Dated: William A. Huston City Manager ACKNOWLEDGEMENT OF GRANTEE'S COVENANTS TO INDICATE ACCEPTANCE of its covenants and agreements contained in this Quitclaim Deed, GRANTEE has executed this document on the date written below. TUSTIN PUBLIC FINANCING AUTHORITY By: Dated: William A. Huston Executive Director Approved as to Form: Lois Jeffrey, Esq. City Attorney 03-76189.06 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 PSOMAS Legal Description Exhibit "A" Parcel 1 Parcel I-D-3 and Parcel I-D-4 in the City of Tustin, County of Orange, State of California, as described in the document recorded May 14, 2002 as Instrument No. 20020404594 of Official Records in the office of the County Recorder of said County, excepting therefrom that portion lying southeasterly, easterly and northeasterly of the following described line: Beginning at the northeasterly terminus of that certain course in the generally southeasterly line of said Parcel I-D-4 being described as "North 29o47' 11" East 40.70 feet" thence North 74o44'39" East 595.55 feet to the beginning of a curve concave southwesterly having a radius of 2290.07 feet, said curve being concentric with and 120 feet southwesterly of the generally northeasterly line of said Parcel I-D-4, a radial line to said beginning of curve bears North 79°55'32'' East; thence northerly and northwesterly along said curve 1537.75 feet though a central angle of 38°28'24"; thence continuing parallel to said generally northeasterly line North 48032'52" West 807.56 feet; thence North 49°30'10" West 245.17 feet; thence South 40029'50" West 12.00 feet; thence North 49°30'10" West 54.88 feet; thence North 48o32'53" West 125.33 feet; thence North 41°27'07'' East 12.00 feet to a line parallel with and 130 feet southwesterly of the northeasterly line of said Parcel I-D-3; thence parallel with said northeasterly line North 48032'53" West 50.96 feet to the northwesterly line of said Parcel I-D-3. Also excepting therefrom that portion lying southwesterly of the following described line: Beginning at the above described Point of Beginning thence North 21 o 16' 15" West 82.64 feet to the beginning of a curve concave southwesterly having a radius of 1354.04 feet; thence northwesterly along said curve 660.46 feet though a central angle of 27°56'50"; thence North 49°13'05" West 477.09 feet to the beginning of a curve concave southwesterly having a radius of 1354.04 feet; thence northwesterly along said curve Page 1 of 2 M:~2TUS010500Xsurvey\legals\legal-loan-pcl-01.doc Last printed 7/31/02 2:35 PM 7 8 9 10 11 12 13 14 15 16 19 20 21 22 23 24 PSOMAS Legal Description Exhibit "A" Parcel 1 603.50 feet through a central angle of 25°32'13"; thence South 15o14'42" WeSt 12.00 feet to the beginning of a non-tangent curve concave southerly having a radius of' 1342.04 feet, a radial line though beginning of curve bears North 15°14'42" East, thence westerly along said curve 178.48 feet though a central angle of 7°37'12"; thence North 7o37'30" West 12.00 feet to the beginning of a non-tangent curve concave southerly having a radius of 1354.04 feet, a radial line though said beginning of curve bears North 7o37'30" West; thence westerly along said curve 34.27 feet though a central angle of 1°27'00"; thence North 83o49'30" East 15.86 feet to the westerly line of said Parcel I-D-3. Containing 2,055,000 square feet or 47.18 acres, more or less. As shown on Exhibit "B" attached hereto and by this reference made a part hereof. Prepared under my supervision 18 [[ Walter A. Sheek P.L.S. 4838 Expires 9/30/04 l~"ateO M:X2TUS010500ksurvey\legals\legal-loan-pcl-01 .doc Last printed 7/31/02 2:35 PM Page 2 of 2 EXHIBIT B Une Table ........ Curve Table No. Bearing Distance No. Delta Radiusl Length L1 ! N83'58'1'2"E 12.06' ' ...... C1 04'15'58" 2422.07i' 180.34' 1_2 N83'58'10"E' 12.00' ! C2 01'432'25" 1860.05~ 50.00' L3 ~ N45'38'O7"W 51.73' ' C3 05'31'37" 1872.05'~ 180.58' I I N48'52'52"W -- ~ ~7-.5~ ...... ~ .... J ~ 546.14' ~~ L~7558.70. · ' . P~Rc~~ ~- .. N48'32'52"W ' ~ ~ ,~~ ~-O~'02' ,,~, ~07.5~' ~.~~~-~ ~ . ,~,, ~, R=1354.04' . P.O.B. ./ '' /L=603.50' · P.O.B. , ~ ~//' ,~ . (~, =2~ ';2'~;" ,, 0 150' ~00' SOALE: 1 N~0'~0'0B'E '~ - ' , lg2.71'~-- ' . . .N~. , N~O.~o.o~.~ . ., " ~ '" ~ s~'~'~'~"~ ~s~.~' ~o oo~/~ ' · s~'~'s~"E ~/_ ~ BAflflANOA PAflKWAY · ' · ~'~ VON KAflMAN AVE. I I ~,' DESCRIP~: Porc~ 1 DRAF~D CHL ........ , P S Une Table No. Bearing Distance L1 N83'58'1'2"E 12.06' 33 N83'58'10"E 12.00' N43'38'OT"W 31.73' Curve Table No. Delta Radius j Length ...... C1 04'15'58" 2422.07]' 180.34' C2 01'32'25" 1860.05~ 50.00' C3 05'31'37" 1872.05'j 180.58' EXHIBIT B PO~, PARCEL -J--D-8 NOT A PART tO0 S38'1 128.21' S85' 18'51 38.94' S39' 10'31 "W 111.00' A=29'28'47" R=1348.04' ~ L=693.59' N41'27'07'E 90'46'' N49'50'10'W 245.17' PARCEL 1 .z z ~-- 41.18 Acres PARCEL iNST. NO. 20020404~4, 0~. 0 150' 3o0' SCALE: 1"=300' A=13'28'48' R=121 L=285.39' Cu~e Table {~ Radius Delta Length Cl 42.00' 16'18'19' 11.95' C2 58.00' 13'50'56' 14.02' C3 1336.04' 01'03'49' 24.80' C4 58.00' 14'09'13" 14.33' i, C5 I 42.00' 14'09'13" 10.38 ' C6 1464.04' 02'52'44' 73.56' C7 154.65' 12'53'14 34.78' C8 177.66' 09'12'13" 28.54' C9 1201.91' 01'12'21" 25.50' C10 1446.09'~ 03'19'05" 83.74'- Cll 42.00'i 14'09'13" 10.38' C12 58.00'I 1~09"13" 14.33' 41 C13 58.00' 14'09'13" 14.33' C14 42.00' 14'09'13" 10.38' C15 1354.04' 01'27'00" 34.27' C16 1342.04' 07'37'12" 178.48 C17 1354.04' 25'32'13"603.50' BARRANCA - -- - '--- -'~617.6~ ..... ---~ -' N49'19'41"W 2645.09' S64'5_9~_6:F_-- '--~XD) A- 12'20'31" R=I L=256.84' PaR. PARCEL -J-'D--'3 NOT A PART N48'32'52"W -546.14'- N48.'32'52"W '- 807.56' -.~ Line Table L~I Bearing Distance S04'41 '11 "E 1.44'~ L2 S06'36'35"E 32.98'. L3 S06' 10'32'~/ 34.00' L4 S20' 19'45'~ 36.66' L5 S06'10'32'~/ 50.00' L6 S21'56'30"W 31.57' L7 S28' 19'49"W 55.50' L8 S40'40'20"W 104.44' L9 S26'31 '07"W 36.66' L10 S40'40'20"W 60.00' L11 S54'49'33"W 36.66' L12 S40'40'20"W 43.00' Lt 3 S83'49'30"E 15.86' L14 S51'10'31"W 38.18' L15 NO7'37'30"W RAD 12.00' - L16 S15'14'42"W RAD 12.00'' r,,: o, W W W W s4g'19'54"E 1234.71' 24.53' s4g'19'54"E 5282.78' '-ARMSTRONG AVE. DESCRIPTION: PARCEL I MCAS-TUSTIN SHEET 2 OF 2 PSOMAS (714)n1-73'/3 FaxC714)SL~ ~ SCALE 1" - 300' DRAFTED CHL CHECKED WAS DATE JULY, 2002 ,JOB' NUMBER 2TUSO10500 T2 1 2 3 5 6 9 10 11 12 13 15 16 17 18 19 2O 21 22 23 24 2~ 26 PSOMAS Legal Description Exhibit "A" Parcel 2 Parcel I-D-3 and Parcel I-D-4 in the City of Tustin, County of Orange, State of California, as described in the document recorded May 14, 2002 as Instrument No. 20020404594 of Official Records in the office of the County Recorder of said County, excepting therefrom that portion lying northeasterly of the following described line: Beginning at the northeasterly terminus of that certain course in the generally southeasterly line of said Parcel I-D-4 being described as "North 29°47'11" East 40.70 feet"; thence North 21 o 16' 15" West 82.64 feet.to the beginning of a curve concave southwesterly having a radius of 1354.04 feet; thence northerly and northwesterly along said curve 660.46 feet though a central angle of 27°56'50"; thence North 49o13'05'' West 477.09 feet to the beginning of a curve concave southwesterly having a radius of 1354.04 feet; thence northwesterly along said curve 603.50 feet through a central angle of 25°32'13"; thence South 15o14'42" West 12.00 feet to the beginning of a non-tangent curve concave southerly having a radius of 1342.04 feet, a radial line though beginning of curve bears North 15014'42" East; thence westerly along said curve 178.48 feet though a central angle of 7°37'12"; thence North 7037'30" East 12.00 feet to the beginning of a non-tangent curve concave southerly having a radius of 1354.04 feet, a radial line though said beginning of curve bears North 7037'30" West; thence westerly along said curve 34.27 feet though a central angle of 1 °27'00"; thence North 83049'30" West 15.86 feet to the westerly line of said Parcel I-D-3. M:~2TUS010500Xsurveyqegals\legaMoan-pcl-02.doc Last printed 7/31/02 2:07 PM Page 1 of 2 1 2 3 ? 10 11 12 13 15 17 20 21 22 23 24 25 PSOMAS Legal Description Exhibit "A" Parcel 2 Containing 2,205,470 square feet or 50.63 acres, more or less. As shown on Exhibit "B" attached hereto and by this reference made a part hereof. Prepared under my supervision Walter A. Sheek P.L.S. 4838 Expires 9/30/04 M:X2TUS010500Xsurvey\legals\legal-loan-pcl-02.doc Last printed 7/31/02 2:07 PM Page 2 of 2 EXHIBIT B Line Table ' Curve Table No;! Bearing Distonce No. i Delta RadiusI Length L1 I N83'58'12"E 12.06' , Cl i04'15'58" 2422.07j 180.34' L2 i N83'58'10"E 12.00' C2 01'32'25" 1860.05~ 50.00' L3 N43'38'O7"W 31.73' I . C3 05'31'37" 1872.05'~ 180.58' I I N48'32'52"W ....... 807.,56~ ~ ...................................................................... ~ 546.14' ~ L=1558.10, ~ { ~=25'32'13 , , ' ~ ~ ~~ 477.09' ~ ~ ~=135~56,~~ ' ~ ~ P.O.B. -- ~ --~ ....... -_,_~~~~ m PARCEL 2 W 50.63 20020404d~4, 0,*, ~// ' % ' ~ ' o ~5o' 300' SCALE: 1"=300' N40'40'O6"E 102.71'~~ ~ I N40"40'O6"E  110.00' ~ N49'19'54'~ 1319.~4; ~ '~ VON KARMAN A~. I I DES~IP~: P~rc~ 2 DRAF~D CHL MCAS- TU STI N . Line Table No; Bearing Distonce L1 N 83'58'12"E 12.06' L2 N83'58'10"E 12.00' L3 N43'38'O7"W 31.7;5' Curve Table No. Delta Radius I Length Cl 04~15'58" 2422.07i 180.34' C2 01'32'25" 1860.05~ 50.00' C3 05'31'37" 1872.05'I 180.58' XHIB B o0 Zl,3 128.21' 90'46'48 S85'18'51 "~ 38.94' "~ S39' 10'31 "W 111.00' "' · /~ = 29.28,47,, .~~_~ r.,,~iw~ PARCEL -]'-'D'~3 '%-\ JNST, NO. . il R= 1348.04' ~ II L=693.59' % 20 0 ~.Oz~l 0_/1~ 9~' I x\ N48'32'52"W .-.546.14'- Une Tobl~ Q Bearing Distance L1 S04'41 '11 "E 1.44' L2 S06'36'35"E 32.98' L3 S06' 10'32"W 34.00' L4 S20' 19'45"W 36.66' L5 S06' 10'32"W 50.00' L6 S21'56'30"W 31.37' L7 S28' 19'49"W 55.50' L8 S40'40'20'~N 104.44' L9 S26'31 '07"W 36.66' L10 S40'40'20"W 60.00' L11 S54'49'33"W 36.66' L12 S40'40'20"W 43.00' L13 N83'49'30"W 15.86' L14 S51'10'31"W 38.18' L15 NO7'37'30"E RAD 12.00' L16 S15'14'42"W RAD 12.,00' L17 S49' 18'24"E 259.57' L18 N49' 19'21 "W 203.87' 0 150' 300' SCALE: 1"=300' O /~ = 13'28'48' R=1213.0~ L--285.39' S6' Curve Table (.RAD) , , (~ Radius Delta Length C1 42.00' 16'18'19" 11.95' C2 58.00' 13'50'56" 14.02' C3 1356.04' 01'03'49" 24.80' /X=12'20'31" C4 58.00' 14'09' 13" 14.53' R= 119: C5 42.00' 14'09'13" 10.38 L=256.84' C6 1464.04'~ 02'52'44" 75.56' C7 154.65'i 12'55'14 54.78' C8 177.66' 09'12'15" 28.54' C9 1201.91 01'12'21" 25.30' C10 1446.09' 03'19'05" 85.74' Cll 42.00' 14'09'13" 10.58' C12 58,00' 14'09'13" 14.33' 41: C13 58,00' 14'09'15" 14,33' C 14 42,00' 14'09' 13" 10,38' C15 1354,04' 01'27'00' 34,27' C16 1342,04' 07'37'1.2' 178,48' C17 1354,04' 25'32'13' 603,50' C18 1446,09' 00'37'o3' 15.59' BARRANCA -- - ~ 2617,62' -- ~ - N49' 19'41 "W 2645,09' bJ PARCEL 2 50.65 Acres 0',~ --7g.36 b_l L.,) %"i' t'xl I-- UJ W T W W S49' 19'54"E 1234.71 ---- F'KWY. S¢9'19'54"E 5282.78' -'- ARMSTRONG AVE. I DESCRIPTION: PARCEL 2 MCAS-TUSTIN 8t-EET 2 OF 2 PSOMAS 3187 Red Hil Arum SCALE 1" = 300' DRAFTED CHL CHECKED WAS DATE JULY. 2002 dOB NUMBER 2TUS010500 T2