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Home My WebLink AboutRDA Res 86-02 Not Adopted ~C-P j.J () I p1' C/ Co ftTJd a"" I 0 ,.- A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH, CALIFORNIA, APPROVING A SUBORDINATION AGREEMENT AND AN AGREEMENT FOR LOAN FOR THE SEAL BEACH TRAILER PARK RESOLtITION NO. 8t -.:b WHEREAS, a Participation and Disposition Agreement was entered into between the Agency and Seal Beach Associates dated July 25, 1977 for development of the Seal Beach Trailer I Park, as amended by a First Amendment dated as of January 30, 1978, by a Second Amendment dated as of April 24, 1978, and as amended by an Amended Participation and Disposition Agreement dated July l4, 1981 between the Agency and Riverbeach Associates; and wHEREAS, Riverbeach Associates proposes to sell the land and improvements of the Seal Beach Trailer Park to Seal Beach Parnters, Ltd. and refinance the current loan with Coast Savings & Loan Association ("Coast"); and WHEREAS, Coast in consideration of such refinance is requlrlng a Subordination Agreement which will subordinate a previous approved Amended Declaration of Establishment of Covenants; and WHEREAS, Seal Beach Associates will agree to reduce or payoff the Coast loan on any sale or transfer of the Trailer Park pursuant to the terms set forth in the attachment agreement. NOW, THEREFORE, the Redevelopment Agency of the City of Seal Beach (Agency) hereby resolves as follows: SECTION 1: The Agency hereby approves the Subordination Agreement attached hereto as Exhibit A. I SECTION 2: The Agency hereby approves the Agreement regarding Loan between the Agency and Seal Beach Associates in the form attached hereto as Exhibit B. SECTION 3: The Acting Executive Director is hereby authorized to execute the Subordination Agreement and the Agreement regarding Loan on behalf of the Agency. SECTION 4: The Acting Executive Director is hereby authorized to take all action necessary to carry out such Agreements and is further authorized to make such technical changes to the Agreements as may be reasonably required by Coast Savings & Loan or another institutional lender. PASSED, APPROVED and ADOPTED by the Redevelopment Agency of the City of Seal beach, California, at a meetig thereof held on the day of , 1986, by the following vote: AYES: NOES: ABSENT: Agency Members Agency Members Agency Members I ~ Chairman ATTEST: Secretary I I I Resolution Number ~~ -~ STATE OF CALIFORNIA) COUNTY OF ORANGE )SS CITY OF SEAL BEACH ) I, Joanne M. Yeo, City Clerk of the City of Seal Beach, California, and Secretary of the Seal Beach Redevelopment Agency, do hereby certify that the fO~:~: resolution is the original copy of Resolution Number ~ on file in the office of the City Clerk, passed, approved an a opted by the Redevelopment Agency of the City of Seal Beach at a special meeting thereof held on the day of , 1986. Joanne M. Yeo, City Clerk/Secretary Seal Beach Redevelopment Agency Resolution Number 86-2 . RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: SUBORDIlIA'l'IOR AGRDIlBII'l' I This Subordination Agree~ent (RSubordination AgreementR) is made and entered into by and between the REDEVELOPMENT AGENCY OP THE CITY OP SEAL BEACH ("Agency.), a public body corporate and politic, formed and organized and existing under the provisions of the California Com~unity Redevelopment Law, RIVERBEACH ASSOCIATES, a Limited Partnership (RRiverbeachR) and SEAL BEACH PARTNERS, LTD., a California Limited Partnership (Rpartners.). This Subordination Agreement is being entered into with reference to the following facts and circumstances: A. Concurrently with the execution of this Subordination recorded in the Official Records of the County of Orange that certain document entitled .Amended and Restated Declaration of I Agreement, Agency &dd Riverbeach have executed and caused to be Establishment of Covenants. (.A~ended Declaration.) regarding certain parcels of land which constitute a mobilehome and trailer park, commonly known as the .Sea1 Beach Trailer Park,. legally described on Exhibit A, attached hereto and made a part hereof (RTrailer ParkR). B. Various provisions of the Amended Declaration contain restrictions on allocations of monthly debt service amounts among the trailer park lots. These provisions consist of sections 2.01, 2.02 and 2.03 of the Amended Declaration (the RRestrictive Sections.). C. Partners is purchasing the Trailer Park, both the fee I title and the improvements thereto, from Riverbeach pursuant to a separate agree~ent. D. The Trailer Park is currently encumbered by a deed of trust in favor of Coast Savings and Loan Association, formerly Coast Pederal Savings and Loan Association (RCoastR) whereby the Resolution Number 9/. -2. I deed of trust was recorded on January 30, 1980, as Document No. 35497 in the Official Records in the County of Orange (-The Loan-) . E. Coast as beneficiary and payee to The Loan is willing to consent to the Amended Declaration on the condition the Restrictive Sections of the Amended Declaration be subordinated to The Loan. Purthermore, Coast has expressed its interests to refinance The Loan and provide additional financing for the above-described purchase from Riverbeach by Partners in the sum of One Million Seven Hundred Thousand Dollars ($1,700,000) (-The New Loan-) subject to certain terms and conditions including without limitation that the Restrictive Sections of the Amended Declaration be subordinated to The New Loan. P. The parties hereto are concerned the Restrictive Sections of the Amended Declaration may deter and otherwise impair the ability to secure financing upon the Trailer Park and the parties are desirious of subordinating the Restrictive Sections of the Amended Declaration to The Loan and also to the lien of any other first deed of trust loan against the Trailer Park including without limitation The New Loan whether originated by Coast or any other institutional lender. NOW, THEREPORE, the parties do hereby agree as follows: 1. The Restrictive Sections of the Amended Declaration shall be and are hereby subordinated and rendered unenforceable as to each and every term, condition and provision of The Loan. Additionally, the Restrictive Sections of the Amended Declaration are subordinated and rendered unenforceable as to each and every term, condition and provision of The New Loan or any other first deed of trust loan against the Trailer Park regardless of the terms, conditions and provisions thereof. 2. In the event the beneficiary of The Loan or The New Loan or the beneficiary of any other first deed of trust loan against the Trailer Park should acquire ownership of the Trailer Park by foreclosure of the beneficiary's security interest therein either by judicial foreclosure action, non-judicial fore- I I Reso 1 uti on Number!Jl, -:z closure proceeedings or by deed-in-1ieu of foreclosure, the Restrictive Sections of the Amended Declaration shall be subordi- nated and rendered unenforceable as to such beneficiary and as to any person or entity acquiring title to the Trailer Park from such beneficiary and shall be subordinated and rendered unen- forceable as to any loan secured by first deed of trust aqainst the Trailer Park as provided by such beneficiary as a result of any such sale or disposition of the Trailer Park by such benefi- ciary reqardless of the terms, conditions and provisions of such loan. I .. 3. This Subordination Agreement and the subordination resultinq thereby shall be effective upon execution of this agreement by the parties hereto and shall be unconditional and absolute in its effectiveness and leqa1 effect. 4. The -date of execution- of this Subordination Aqreement shall be deemed the date of last signature by the parties hereto as appearinq hereinbelow. Purthermore, this Aqreement shall be governed by the laws of the State of California and immediately followinq execution shall be recorded in the official records of I the County of Orange. IN WITNESS WHEREOP, the parties have executed this Agreement as of the last date of execution by the parties hereto. REDEVELOPMENT AGENCY OP THE CITY OF SEAL BEACH RIVERBEACB ASSOCIATES, A Limited Partnership By: By: General Partner Executive Director SEAL BEACH PARTNERS, LTD., A California Limited Partnership I By: William T. Dawson, General Partner I I I Resolution Number ~-..2. \ ... -..... '. ~ STATE OP CALIPORNIA COUNTY OP ORANGE ) ) SS. ) On " before me, the under- siqned, a Notary Public in and for said State, personally appeared , known to me to be the of the Redevelopment Agency of the City of Seal Beach, and known to me to be the person who executed the within instrument on behalf of said public agency and acknowl- edged to me that such aqency executed the same. WITNESS my hand and official seal. STATE OP CALIPORNIA COUNTY OP ) ) SSe ) On " before me, the under- signed, a Notary Public in and for said State, personally appeared , known to me to be the General Partner of RIVERBEACH ASSOCIATES, the limited partnership which executed the within instrument and acknowledged to me that such limited partnership executed the same. WITNESS my hand and official seal. STATE OP CALIPORNIA ) ) SSe ) COUNTY OP ORANGE On " before me, the under- siqned, a Notary Public in and for said State, personally appeared WILLIAM T. DAWSON, known to me to be the General Partner of SEAL BEACH PARTNERS, LTD., the limited partnership which executed the within instrument and acknowledged to me that such limited partnership executed the same. WITNESS my hand and official seal. Resolution Number B'-..z. . '. DIIIB!!!' A LeC]al Descriptioa A PORTION OP THAT PARCBL OP LAND GRANTBD TO THB CITY OP SBAL BBACH BY THAT CERTAIN PINAL ORDBR OP CONDBMNATION, SUPERIOR COURT OP LOS ANGELES COUNTY, CASE NUMBER C-78004. PARCBL 4, A CERTIPIBD COPY OP WHICH WAS RBCORDED MARCH 2, 1977 IN BOOK l2115, PAGB 195 OP OPPICIAL RECORDS OP ORANGE COUNTY, CALIPORNIA~ AND A PORTION OP TIDE LAND LOCATION NO. l37 .SURVEY NO. l06,. AS PATENTED BY THE STATB OP CALIPORNIA ON PEBRUARY l2, 1901 AND RBCORDED APRIL 27, 1901 IN BOOK 9, PAGB l05 OF PATENTS, RBCORDS OF LOS ANGELES COUNTY, AND RECORDED SEPTEMBER 5, 1905 IN BOOK l, PAGE 23l OP PATENTS, RBCORDS OP ORANGB COUNTY~ SAID ABOVE PORTIONS OP LAND BEING MORE PARTICULARLY DESCRIBED AS POLLOWS: BEGINNING AT THE MOST NORTHERLY CORNER OP TRACT NUMBER 9783 IN THB CITY OP SEAL BBACH, COUNTY OP ORANGB, STATB OP CALIPORNIA AS SHOWN ON A MAP FILED IN BOOK 437, PAGES 32 TO 36, OP MISCBLLA- NBOUS MAPS RECORDS OP ORANGE COUNTY~ SAID CORNER BBING A POINT IN THB SOUTHBASTHERLY LINE OP THB LOS ANGELES COUNTY PLOOD CONTROL DISTRICT LAND DESCRIBED AS PARCEL 8 IN S.C.C. NO. 231287 IN AND POR THB COUNTY OF LOS ANGELES, IN BOOK 2383, PAGB 42, RECORDS OP ORANGB COUNTY, SAID SOUTHEASTERLY LINB BBING A CURVB CONCAVE SOUTHBASTERLY AND HAVING A RADIUS OF 2000.00 PEBT, A RADIAL LINE PROM SAID POINT BEARS SOUTH 350 57' 55. BASTr THENCE NORTH- BASTERLY:ALONG SAID CURVE AND SOUTHEASTERLY LINE AN ARC DISTANCE OP 356.05 PEET~ THENCB TANGENT TO SAID CURVE AND CONTINUING ALONG SAID SOUTHEASTERLY LINE NORTH 540 02' 05. EAST 239.79 PEET TO THE NORTHBASTBRLY LINB OP THAT 200.00 FOOT WIDB STRIP OP LAND DBSCRIBED IN THE QUIT CLAIM DEED TO THB PACIFIC BLECTRIC RAILWAY COMPANY RECORDBD PEBRUARY 2l, 1924 IN BOOK 514, PAGE 44 OF DEEDS, RECORDS OP ORANGB COUNTY, THENCE SOUTHEASTERLY' ALONG SAID NORTH- EASTERLY LINB SOUTH 420 15' 32. EAST 492.08 FEBT TO THB NORTH- WESTERLY LINB OP FIRST STREET AS IT NOW EXISTS, SAID LAST MBNTIONED NORTHWESTERLY LINE BEING A LINB PARALLBL WITH AND DISTANT NORTHWESTERLY 110.00 FEET, MBASURED AT RIGHT ANGLES, PROM THE BOUNDARY LIRE OP THE RANCHO LOS ALAMITOS PER MAP RECORDED IN BOOK 1, PAGBS 460, 461 AND 462 OF PATENTS OP LOS ANGELES COUNTY, CALIPORNIA AND AS SHOWN ON RECORD OF SURVEY RECORDED IN R.S_ BOOK 90, PAGES 23 TO 30, AND AS MORE PARTICULARLY BSTABLISHED BY SEAL BEACH BOUNDARY LIRB AGRBBMENT NO.2, DATED FBBBUARY 5, 1968 AND RECORDED APRIL 8, 1968 IN BOOK 8565, PAGB 1 OP OPPICIAL RECORDS OP ORANGE COUNTY, THENCE SOUTHWESTERLY ALONG SAID LAST MBlilTIORED PARALLEL LIRE, ARD THE NORTHWESTERLY LINB OP PIRST STREET, SOUTH 54. 48' 38. WEST 606.8l FEBT TO THE BEGINNING OP A TANGENT CURVE, CORCAVE SOUTHBASTERLY, AND HAVING A RADIUS OP 610.00 PEET, THENCE SOUTHWESTERL ALONG SAID CURVB AN ARC DISTANCB OP 6.79 FBET TO THB MOST BASTERLY BOUNDARY CORNER OP SAID TRACT NUMBER 9783, THENCB NORTHWESTERLY ALONG THE NORTHEASTERLY BOUNDARY LINB OP SAID TRACT NUMBER 9783 THB POLLOWING COURSES~ NORTH 42. l7' ll. WEST 203.39 PBET TO THB BBGINNING OP A TANGENT CURVB CONCAVE BASTERLY AND HAVING A RADIUS OF 15.00 PEET, THENCB NORTHERLY ALONG SAID CURVE AN ARC DISTANCB OP 21.79 PBET TO THB BEGINNING OP A REVERSB CURVB CONCAVE NORTHWESTERLY AND HAVING A RADIUS OP ll2.50 PBET~ THENCB NORTHEASTERLY ALONG SAID CURVB AN ARC DISTANCB OP lO.24 FEBT TO THB INTERSECTION OF A NON-TANGENT LINE BEARING NORTH 430 58' 37. WEST, A LIRE FROM SAID POINT OP INTERSECTION BEARS NORTH 54. 15' 24. WEST, THENCE NORTH 430 58' 37. WEST 230.28 FEET TO THB MOST NORTHERLY CORNER OF SAID TRACT NUMBBR 9783 AND THB POINT OF BEGINNING. SAID ABOVE DESCRIBED PARCEL OP LAND IS SHOWN AS .NOT A PART. ON THB MAP OF TRACT NUMBER 9783 PILED IN BOOK 437, PAGES 32 TO 36, OP MISCELLANEOUS MAPS, RECORDS OP ORANGE COUNTY, CALIFORNIA. EXCEPTING THEREFROM THAT PORTION LYING NORTHWESTERLY OF THE BOUN- DARY LINE BBTWEEN LOS ANGELES AND ORANGE COUNTIES AS SHOWN ON LOS ANGELES COUNTY SURVEYOR'S MAP NO. 8175, SHEET 21, AND AS SHOWN ON SAID MAP OP TRACT NUMBER 9783. I 'I I I I I .....1 Resol ution Number tft, -.:2, '- ~ RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: Redevelopment Agency of the City of Seal Beach 2ll Eighth Street Seal Beach, CA 90740 AGREBMEIft' This Agreement is made and entered into by and between the REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH (hereinafter referred to as -Agency-), a public body corporate and politic, formed and organized and existing under the provisions of the California Community Redevelopment Law, and SEAL BEACH PARTNERS, LTD., a California limited partnership (hereinafter referred to as -Partners-). This Agreement is being entered into with reference to the following facts and circumstances: (a) Concurrently with the execution hereof, Agency has executed that certain document entitled -Amended and Restated Declaration of Establishment of Covenants- (hereinafter referred to as -Amended Declaration-) and that certain document entitled -Subordination Agreement- (hereinafter referred to as -Subordi- nation Agreement-) reqarding certain parcels of land which constitute a mobilehome and trailer park, commonly known as the -Seal Beach Trailer Park,- and more particularly described on Exhibit A, attached hereto and made a part hereof (hereinafter referred to as the -Trailer Park"). (b) Partners is purchasing both the fee title to the Trailer Park and the improvements thereon from RIVERBEACH ASSOCIATES, a limited partnership (hereinafter referred to as -Riverbeach-) pursuant to a separate agreement. (c) Coast Savings and Loan Association, formerly Coast Federal Savings and Loan Association (hereinafter referred to as "Coast" has agreed to provide additional financing for the above- described purchase from Riverbeach by Partners in the sum of One Resolution Number t?,-~ Million and Seven Hundred Thousand Dollars ($l,700,000) upon the condition that Agency execute said Amended Declaration and said Subordination Agreement. (d) In consideration of Agency's execution of said Amended Declaration and said Subordination Agreement, Partners hereby expressly aqrees that in the event that Partners shall agree to sell, convey, transfer, or otherwise dispose of the Trailer Park, then Partners shall, as a condition of Agency's approval of, and I prior to or concurrently with, such sale, conveyance, transfer, or other disposition, either: (i) Pay in full the then-existing balance of the promissory note secured by said New Deed of Trust: or (ii) Pay to Coast a sum equal to sixteen percent (l6\) of the then-existing balance of the promissory note secured by said New Deed of Trust. IN WITNESS WHEREOP, the parties hereto have caused this instrument to be executed on their behalf by the respective duly authorized officers this day of , 1986. I REDEVELOPMENT AGENCY OP THE CITY OF SEAL BEACH By: Daniel P. Joseph, Actinq Executive Director SEAL BEACH PARTNERS, LTD., A California Limited Partnership By: William T. Dawson, General Partner I Resolution Number lS?~ -~ STATE OF CALIFORNIA ) ) SSe ) COUNTY OF ORANGE I On " before me, the under- signed, a Notary Public in and for said State, personally appeared DANIEL P. JOSEPH, known to me to be the Acting Executive Director of the Redevelopment Agency of the City of Seal Beach, and known to me to be the person who executed the within instrument on behalf of said public agency and acknowledged to me that such agency executed the same. WITNESS my hand and official seal. STATE OF CALIFORNIA ) ) SSe ) COUNTY OF ORANGE On " before me, the under- signed, a Notary Public in and for said State, personally appeared WILLIAM T. DAWSON, known to me to be the General Partner of the limited partnership which executed the within instrument and acknowledged to me that such limited partnership executed the same. I WITNESS my hand and official seal. I Resol ution Number B~..2 BXJu:BI'.r A Legal Descriptioa A PORTION OF THAT PARCEL OF LAND GRANTED TO THE CITY OF SEAL BEACH BY THAT CERTAIN FINAL ORDER OF CONDEMNATION, SUPERIOR COURT OF LOS ANGELES COUNTY, CASE NUMBER C-78004, PARCEL 4, A CERTIFIED COPY OF WHICH WAS RECORDED MARCH 2, 1977 IN BOOK l2ll5, PAGE 195 OF OFFICIAL RECORDS OF ORANGE COUNTY, CALIFORNIA~ AND A PORTION OF TIDE LAND LOCATION NO. l37 -SURVE~ NO. l06," AS PATENTED BY THE STATE OF CALIFORNIA ON FEBRUARY l2, 1901 AND RECORDED APRIL 27, 1901 IN BOOK 9, PAGE l05 OF PATENTS, RECORDS OF LOS ANGELES COUNTY, AND RECORVED SEPTEMBER 5, 1905 IN BOOK 1, PACE 231 OF PATENTS, RECORDS OF ORANGE COUNTY~ SAID ABOVE PORTIONS OF LAND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWSl BEGINNING AT THE MOST NORTHERLY CORNER OF TRACT NUMBER 9783 IN THE CITY OF SEAL BEACH, COUNTY OF ORANGE, STATE OF CALIFORNIA AS SHOWN ON A MAP FILED IN BOOK 437, PAGES 32 TO 36, OF MISCELLA- NEOUS MAPS RECORDS OF ORANGE COUNTY~ SAID CORNER BEING A POINT IN THE SOUTHEASTHERLY LINE OF THE LOS ANGELES COUNTY FLOOD CONTROL DISTRICT LAND DESCRIBED AS PARCEL 8 IN S.C.C. NO. 231287 IN AND FOR THE COUNTY OF LOS ANGELES, IN BOOK 2383, PAGE 42, RECORDS OF ORANGE COUNTY, SAID SOUTHEASTERLY LINE BEING A CURVE CONCAVE SOUTHEASTERLY AND HAVING A RADIUS OF 2000.00 FEET, A RADIAL LINE FROM SAID POINT BEARS SOUTH 350 57' 55- EAST~ THENCE NORTH- EASTERLY ALONG SAID CURVE AND SOUTHEASTERLY LINE AN ARC DISTANCE OF 356.05 FEET~ THENCE TANGENT TO SAID CURVE AND CONTINUING ALONG SAID SOUTHEASTERLY LINE NORTH 540 02' 05- EAST 239.79 FEET TO THE NORTHEASTERLY LINE OF THAT 200.00 FOOT WIDE STRIP OF LAND DESCRIBED IN THE QUIT CLAIM DEED TO THE PACIFIC ELECTRIC RAILWAY COMPANY RECORDED FEBRUARY 2l, 1924 IN BOOK 5l4, PAGE 44 OF DEEDS, RECORDS OF ORANGE COUNTY~ THENCE SOUTHEASTERLY ALONG SAID NORTH- EASTERLY LINE SOUTH 420 l5' 32- EAST 492.08 FEET TO THE NORTH- WESTERLY LINE OF FIRST STREET AS IT NOW EXISTS, SAID LAST MENTIONED NORTHWESTERLY LINE BEING A LINE PARALLEL WITH AND DISTANT NORTHWESTERLY llO.OO FEET, MEASURED AT RIGHT ANGLES, FROM THE BOUNDARY LINE OF THE RANCHO LOS AI.AMITOS PER MAP RECORDED IN BOOK l, PAGES 460, 461 AND 462 OF PATENTS OF LOS ANGELES COUNTY, CALIFORNIA AND AS SHOWN ON RECORD OF SURVEY RECORDED IN R.S. BOOK 90, PAGES 23 TO 30~ AND AS MORE PARTICULARLY ESTABLISHED BY SEAL BEACH BOUNDARY LINE AGREEMENT NO.2, DATED FEBRUARY 5, 1968 AND RECORDED APRIL 8, 1968 IN BOOK 8565, PAGE 1 OF OFFICIAL RECORDS OF ORANGE COUNTY~ THENCE SOUTHWESTERLY ALONG SAID LAST MENTIONED PARALLEL LINE, AND 'THE NORTHWESTERLY LINE OF FIRST STREET, SOUTH 540 48' 38- WEST 606.8l FEET TO THE BEGINNING OF A TANGENT CURVE, CONCAVE SOUTHEASTERLY, AND HAVING A RADIUS OF 6l0.00 FEET~ THENCE SOUTHWESTERL ALONG SAID CURVE AN ARC DISTANCE OF 6.79 FEET TO TBE MOST EASTERLY BOUNDARY CORNER OF SAID TRACT NUMBER 9783~ THENCE NORTHWESTERLY ALONG THE NORTHEASTERLY BOUNDARY LINE OF SAID TRACT NUMBER 9783 THE FOLLOWING COURSES, NORTH 420 l7' ll" WEST 203.39 FEET TO THE BEGINNING OF A TANGENT CURVE CONCAVE EASTERLY AND HAVING A RADIUS OF l5.00 FEET, THENCE NORTHERLY ALONG SAID CURVE AN ARC DISTANCE OF 21.79 FEET TO THE BEGINNING OF A REVERSE CURVE CONCAVE NORTHWESTERLY AND HAVING A RADIUS OF 1l2.50 FEET~ THENCE NORTHEASTERLY ALONG SAID CURVE AN ARC DISTANCE OF lO.24 FEET TO THE INTERSECTION OF A NON-TANGENT LINE BEARING NORTH 430 58' 37- WEST, A LINE FROM SAID POINT OF INTERSECTION BEARS NORTH 540 l5' 24- WEST~ THENCE NORTH 430 58' 37- WEST 230.28 FEET TO THE MOST NORTHERLY CORNER OF SAID TRACT NUMBER 9783 AND THE POINT OF BEGINNING. SAID ABOVE DESCRIBED PARCEL OF LAND IS SHOWN AS -NOT A PART- ON THE MAP OF TRACT NUMBER 9783 FILED IN BOOK 437, PAGES 32 TO 36, OF MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA. EXCEPTING THEREFROM THAT PORTION LYING NORTHWESTERLY OF THE BOUN- DARY LINE BETWEEN LOS ANGELES AND ORANGE COUNTIES AS SHOWN ON LOS ANGELES COUNTY SURVEYOR'S MAP NO. 8l75, SHEET 2l, AND AS SHOWN ON SAID MAP OF TRACT NUMBER 9783. 02/27/86 I I I