Stradling Yocca Carlson & Rauth
Draft of 1/7/26
4911-4912-2946v2/022283-0620
RECORDING REQUESTED BY:
Lancaster Financing Authority
AND WHEN RECORDED RETURN TO:
Stradling Yocca Carlson & Rauth LLP
660 Newport Center Drive, Suite 1600
Newport Beach, California 92660
Attention: Brian Forbath, Esq.
[Space above for Recorder’s use.]
This First Amendment to Ground Lease is recorded for the benefit of the City of Lancaster and is exempt from California documentary transfer tax pursuant to Section 11928 of the California Revenue and Taxation Code and from recording fees pursuant to Sections 6103, 27383 and 27388.1 (a)(2)(D) and (d)(2) of the California Government Code.
Lease term less than 35 years.
FIRST AMENDMENT TO GROUND LEASE
Dated as of _____ 1, 2026
amending and supplementing the
GROUND LEASE
dated as of July 1, 2024
by and between
CITY OF LANCASTER
and
LANCASTER FINANCING AUTHORITY
Relating to
$___________
LANCASTER FINANCING AUTHORITY
LEASE REVENUE BONDS, SERIES 2026A
4911-4912-2946v2/022283-0620
FIRST AMENDMENT TO GROUND LEASE
This First Amendment to Ground Lease (the “First Amendment to Ground Lease”) is dated as of _____ 1, 2026, and is entered into by and between the CITY OF LANCASTER (the “City”), a municipal corporation and charter city duly organized and existing under and by virtue of the Constitution and laws of the State of California (the “City”), and the LANCASTER FINANCING AUTHORITY (the “Authority”), a joint exercise of powers entity duly organized and existing under the laws of the State of California (the “Authority”), and supplements and amends the Ground Lease, dated as of July 1, 2024 (the “2024 Ground Lease”), recorded on July 17, 2024 in the Official Records of the County of Los Angeles as Instrument No. 2024-0469759.
WITNESSETH:
WHEREAS, the City, the Authority and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), have entered into an Indenture, dated as of July 1, 2024, as supplemented and amended from time to time in accordance with its terms (the “2024 Indenture”), providing for the issuance of bonds secured on a parity thereunder; and
WHEREAS, in order to provide for the payment of the bonds issued under the 2024 Indenture, the City and the Authority have entered into the 2024 Ground Lease, pursuant to which the City leased to the Authority certain real property owned by the City, together with the City-owned improvements located thereon, as described in Exhibit A thereto (collectively, the “Existing Property”); and WHEREAS, pursuant to Sections 3.05 and 3.06 of the Indenture, the Authority may at any time issue Additional Bonds (as defined in the Indenture) pursuant to a Supplemental Indenture (as defined in the Indenture); and
WHEREAS, the City has determined it is in the public interest and will benefit the inhabitants of the City that the City finance the costs of the acquisition, design, construction, installation, improvement, replacement and equipping of certain capital improvement projects of the City (collectively, the “2026A Projects”); and
WHEREAS, to finance the 2026A Projects, the City will enter into this First Amendment to Ground Lease with the Authority pursuant to which the City and the Authority will add to the Existing Property certain additional real property owned by the City as described herein (together with the Existing Property, the “Property”), and will confirm that the lease to the Authority of the Property is also made in consideration of the issuance by the Authority of its Lancaster Financing Authority Lease Revenue Bonds, Series 2026A (the “Series 2026A Bonds”); and WHEREAS, concurrently with the execution of this First Amendment to Ground Lease, the Authority and the City are entering into a First Amendment to Lease Agreement, dated as of ______1 , 2026 (the “First Amendment to Lease Agreement”), which supplements and amends the Lease Agreement, dated as of July 1, 2024 (the “2024 Lease Agreement” and as supplemented and amended by the First Amendment to Lease Agreement, and it may be further amended from time to time, the “Lease Agreement”), pursuant to which the Authority will lease the Property to the City and the City is required to make Base Rental Payments sufficient to pay debt service on the bonds issued under the Indenture, including the Series 2026A Bonds; and
2 4911-4912-2946v2/022283-0620
WHEREAS, to provide funds to finance the 2026A Projects, the City has requested the Authority to issue the Series 2026A Bonds, pursuant to the 2024 Indenture, as supplemented and amended by a First Supplemental Indenture, dated as of _____ 1, 2026 (the “First Supplemental Indenture and, together with the 2024 Indenture as so supplemented, the “Indenture”), each by and among, the City, the Authority and the Trustee; and
WHEREAS, the 2024 Ground Lease may be amended pursuant to Section 7.03 of the 2024 Ground Lease and Section 11.07 of the 2024 Lease Agreement; and WHEREAS, all acts, conditions and things required by law to exist, to have happened and to have been performed precedent to and in connection with the execution and entering into of this First Amendment to Ground Lease do exist, have happened and have been performed in regular and due time, form and manner as required by law, and the parties hereto are now duly authorized to execute and enter into this First Amendment to Ground Lease;
NOW, THEREFORE, in consideration of the mutual covenants hereinafter contained, the parties hereto agree as follows:
Section 1.Definitions. Except as otherwise defined herein, or unless the context clearly otherwise requires, words and phrases defined in the Lease Agreement shall have the same meaning in this First Amendment to Ground Lease.
Section 2.Addition to Existing Property. The City has previously leased to the Authority the Existing Property and now desires to lease additional real property to the Authority pursuant to the terms of the 2024 Ground Lease, as amended hereby, which additional real property is described in Exhibit A hereto. The Property as shown in Exhibit A of the 2024 Ground Lease is hereby amended and restated in its entirety and replaced with Exhibit A to this First Amendment to Ground Lease.
Section 3.Amendment to Section 6.01 of the 2024 Ground Lease. Section 6.01 of the 2024 Ground Lease is hereby amended and restated in its entirety to read as follows:
Term. The term of this Ground Lease shall commence as of the date of commencement of the term of the Lease Agreement and shall remain in full force and effect from such date to and including the Termination Date, unless such term is extended or sooner terminated as hereinafter provided.
Section 4.Amendment to Section 6.02 of the 2024 Ground Lease. Section 6.02 of the 2024 Ground Lease is hereby amended and restated in its entirety to read as follows:
Extension; Early Termination. If, on the Termination Date, the Bonds shall not be fully paid, or provision therefor made in accordance with Article X of the Indenture, or the Indenture shall not be discharged by its terms, or if the Rental Payments payable under the Lease Agreement shall have been abated at any time, then the term of this Ground Lease shall be automatically extended until the date upon which all Bonds shall be fully paid, or provision therefor made in accordance with Article X of the Indenture, and the Indenture shall be discharged by its terms, except that the term of this Ground Lease shall in no event be extended more than ten years. If, prior to the Termination Date, all Bonds shall be fully paid, or provisions therefor made in 3 4911-4912-2946v2/022283-0620
accordance with Article X of the Indenture, and the Indenture shall be discharged by its terms, the term of this Ground Lease shall end simultaneously therewith. Subject to Section 10.04 of the Lease Agreement, no termination, assignment (other than to the Trustee in accordance with the Indenture and the Assignment agreement), transfer, release, disposition or sublease of this Ground Lease, the Property or any portion thereof shall be permitted without the prior written consent of the Insurer; provided, however, the Insurer’s consent shall not be required for any subleases of the Stadium Property or the Economic Development Office which otherwise comply with Section
9.05 of the Lease Agreement.
Section 5.Insurer as Third Party Beneficiary. The Insurer is a third-party beneficiary under this First Amendment to Ground Lease and may enforce any right, remedy or claim conferred upon, given or granted hereunder.
Section 6.Effectiveness of First Amendment to Ground Lease. This First Amendment to Ground Lease shall be effective on the Delivery Date of the Series 2026A Bonds.
Section 7.Survival of 2024 Ground Lease. Except as otherwise amended hereby, the 2024 Ground Lease shall remain in full force and effect.
Section 8.Severability. In the event any provision of this First Amendment to Ground Lease shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof.
Section 9.Captions. The captions or headings in this First Amendment to Ground Lease are for convenience only and in no way define, limit or describe the scope or intent of any provisions or sections of this First Amendment to Ground Lease.
Section 10.Execution In Counterparts. This First Amendment to Ground Lease 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.
Section 11.Applicable Law. This First Amendment to Ground Lease shall be governed by and construed in accordance with the laws of the State of California. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
3 4911-4912-2946v2/022283-0620
S-1
4911-4912-2946v2/022283-0620
IN WITNESS WHEREOF, the Authority and the City have caused this First Amendment to Ground Lease to be executed by their respective officers hereunto duly authorized, all as of the day and year first above written.
CITY OF LANCASTER
By:
George Harris
Finance Director
ATTEST:
Andrea Alexander
City Clerk
LANCASTER FINANCING AUTHORITY
By:
George Harris
Treasurer
ATTEST:
Andrea Alexander
Secretary
S-1
4911-4912-2946v2/022283-0620
4911-4912-2946v2/022283-0620
CERTIFICATE OF ACCEPTANCE
This is to certify that the interest in the Property conveyed under the First Amendment to Ground Lease to the Lancaster Financing Authority, a joint exercise of powers entity duly organized and existing under the laws of the State of California, is hereby accepted by the undersigned officer or agent on behalf of the Board of Directors of the Lancaster Financing Authority, pursuant to authority conferred by resolution of the said Board of Directors adopted on January 27, 2026, and the grantee consents to recordation thereof by its duly authorized officer.
Dated: ______ 1, 2026
LANCASTER FINANCING AUTHORITY
By:
George Harris
Treasurer
4911-4912-2946v2/022283-0620
4911-4912-2946v2/022283-0620
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
STATE OF CALIFORNIA )
) ss.
COUNTY OF LOS ANGELES )
On ___________________ before me, ____________________________________, Notary Public, personally appeared _____________________________________________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose names(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal
SIGNATURE OF NOTARY PUBLIC
4911-4912-2946v2/022283-0620
4911-4912-2946v2/022283-0620
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
STATE OF CALIFORNIA )
) ss.
COUNTY OF LOS ANGELES )
On ___________________ before me, ____________________________________, Notary Public, personally appeared _____________________________________________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose names(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal
SIGNATURE OF NOTARY PUBLIC
4911-4912-2946v2/022283-0620
A-1
4911-4912-2946v2/022283-0620
EXHIBIT A
DESCRIPTION OF THE PROPERTY
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF LANCASTER,
IN THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS:
LANCASTER PERFORMING ARTS CENTER
PARCEL 1: (3133-025-900)
LOT 13 AND THE SOUTHERLY 25 FEET OF LOT 12 OF TRACT NO. 15058, IN THE CITY OF
LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 325 PAGE 35 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
EXCEPT THEREFROM AIL OIL, GAS, MINERALS AND OTHER HYDROCARBON
SUBSTANCES IN AND UNDER THE PROPERTY WITHOUT THE RIGHT TO THE USE OF SURFACE OR SUBSURFACE TO A DEPTH OF 500 FEET, MEASURED VERTICALLY FROM
THE SURFACE OF SAID REAL PROPERTY, AS RESERVED BY COUNTY OF LOS ANGELES, A BODY CORPORATE AND POLITIC, IN DEED RECORDED SEPTEMBER 7, 2000 AS INSTRUMENT NO. 2000-1401418, OFFICIAL RECORDS.
PARCEL 2: (3133-025-901)
LOTS 11 AND 12 OF TRACT NO. 15058, IN THE CITY OF LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 325 PAGE 35 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
EXCEPT THE NORTHERLY 25 FEET OF SAID LOT 12.
ALSO EXCEPT THEREFROM ALL OIL, GAS, MINERALS AND OTHER HYDROCARBON
SUBSTANCES IN AND UNDER THE PROPERTY WITHOUT THE RIGHT TO THE USE OF SURFACE OR SUBSURFACE TO A DEPTH OF 500 FEET, MEASURED VERTICALLY FROM
THE SURFACE OF SAID REAL PROPERTY, AS RESERVED BY COUNTY OF LOS ANGELES, A BODY CORPORATE AND POLITIC, IN DEED RECORDED SEPTEMBER 7, 2000 AS INSTRUMENT NO. 2000-1401418, OFFICIAL RECORDS.
PARCEL 3: (3133-025-902)
LOT 17 OF TRACT NO. 15058, IN THE CITY OF LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 325 PAGE 35 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL 4: (3133-025-903)
THAT PORTION OF LOT 6 IN BLOCK 22 OF TOWN OF LANCASTER, IN THE CITY OF
LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP A-2
4911-4912-2946v2/022283-0620
RECORDED IN BOOK 5 PAGES 470 AND 471 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
COMMENCING AT THE NORTHEAST CORNER OF SAID LOT; THENCE SOUTHWESTERLY ALONG THE NORTHWESTERLY LINE OF SAID LOT, 150 FEET TO THE TRUE POINT OF BEGINNING; THENCE CONTINUING SOUTH WESTERLY ALONG SAID NORTHWESTERLY LINE 60 FEET; THENCE SOUTHEASTERLY PARALLEL WITH THE NORTHEASTERLY LINE OF SAID LOT, 175 FEET; THENCE NORTHEASTERLY PARALLEL WITH THE NORTHWESTERLY LINE OF SAID LOT 60 FEET, THENCE NORTHWESTERLY PARALLEL WITH THE NORTHEASTERLY LINE OF SAID LOT 175 FEET TO THE TRUE POINT OF BEGINNING.
EXCEPT THEREFROM THAT PORTION OF LOT 6 IN BLOCK 22 OF THE TOWN OF
LANCASTER, IN THE CITY OF LANCASTER, COUNTY OF LOS ANGELES, STATE OF
CALIFORNIA, AS PER MAP RECORDED IN
BOOK 5, PAGES 470 AND 471 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHEAST CORNER OF LOT 15, TRACT NO. 15058, AS PER MAP RECORDED IN BOOK 325, PAGE 35 OF MAPS, RECORDS OF SAID COUNTY; THENCE ALONG THE EASTERLY LINE OF SAID LOT 15, SOUTH 7° 28' 38" EAST 175.00 FEET TO THE SOUTHEAST CORNER OF SAID LOT 15; THENCE PARALLEL WITH THE NORTHERLY LINE OF SAID LOT 6, NORTH 82° 27' 22" EAST 1.00 FOOT; THENCE PARALLEL WITH SAID EASTERLY LINE NORTH 7° 28' 38" WEST 175.00 FEET TO SAID NORTHERLY LINE; THENCE ALONG SAID NORTHERLY LINE SOUTH 82° 27' 22" WEST 1.00 FOOT TO THE BEGINNING.
PARCEL 4A:
THAT PORTION OF LOT 6, BLOCK 22, IN THE TOWN OF LANCASTER, IN THE CITY OF
LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 5, PAGES 470 AND 471 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHEAST CORNER OF SAID LOT, THENCE ALONG THE NORTHERLY LINE OF SAID LOT, SOUTH 82° 27' 22' WEST 150.00 FEET TO THE TRUE POINT OF BEGINNING; THENCE ALONG SAID NORTHERLY LINE NORTH 82° 27' 22" EAST
1.50 FEET; THENCE PARALLEL WITH THE EASTERLY LINE OF SAID LOT SOUTH 7° 28' 38" EAST 138.00 FEET; THENCE PARALLEL WITH SAID NORTHERLY LINE NORTH 82° 27' 22" EAST 5.00 FEET; THENCE PARALLEL WITH SAID EASTERLY LINE SOUTH 7° 28' 38" EAST 37.00 FEET; THENCE PARALLEL WITH SAID NORTHERLY LINE SOUTH 82° 27' 22" WEST 6.50 FEET TO A LINE PARALLEL WITH SAID EASTERLY LINE WHICH PASSES THROUGH THE TRUE POINT OF BEGINNING; THENCE ALONG SAID PARALLEL LINE NORTH 7° 28' 38" WEST 175.00 FEET TO THE TRUE POINT OF BEGINNING.
A-2
4911-4912-2946v2/022283-0620
A-3
4911-4912-2946v2/022283-0620
PARCEL 5: (PT 3133-025-903)
THE WESTERLY 11.5 FEET OF LOT 14 OF TRACT NO. 15058, IN THE CITY OF LANCASTER,
COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 325 PAGE 35 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL 6: (REM. 3133-025-903)
THAT PORTION OF LOT 6 IN BLOCK 22, OF THE TOWN OF LANCASTER, IN THE CITY OF
LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN ROOK 5, PAGES 470 AND 471 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT IN THE SOUTHERLY LINE OF LANCASTER BOULEVARD FORMERLY 10 STREET, 100 FEET WIDE, AS SHOWN ON THE MAP OF TRACT NO. 15058 RECORDED IN BOOK 325 PAGE 35 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DISTANT ALONG SAID SOUTHERLY LINE NORTH 82° 27' 22" EAST 615 FEET FROM THE MOST NORTHERLY CORNER OF LOT 15 OF SAID TRACT NO. 15058; THENCE PARALLEL WITH THE EASTERLY LINE OF SAID LOT 15, SOUTH 7° 28' 38" EAST 138.00 FEET; THENCE PARALLEL WITH SAID SOUTHERLY LINE OF LANCASTER BOULEVARD NORTH 82° 27' 22" EAST 6.00 FEET; THENCE PARALLEL WITH EASTERLY LINE OF LOT 15, SOUTH 7° 28' 38" EAST 37.00 FEET TO THE NORTHERLY LINE OF THE 30 FOOT ALLEY SHOWN ON THE MAP OF SAID TRACT NO. 15058; THENCE NORTH 82° 27' 22" EAST 325 FEET TO THE MOST SOUTHERLY CORNER OF LOT 14 OF SAID TRACT NO. 15058; THENCE ALONG THE WESTERLY LINE OF SAID LOT 14 NORTH 7° 28' 38" WEST 175.00 FEET TO THE SOUTHERLY LINE OF SAID LANCASTER BOULEVARD; THENCE ALONG SAID BOULEVARD SOUTH 82° 27' 22" WEST 385 FEET TO THE POINT OF BEGINNING.
PARCEL 7: (3133-025-904)
THAT PORTION OF LOT 6, IN BLOCK 22, OF THE TOWN OF LANCASTER, IN THE CITY OF
LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 5 PAGES 470 AND 471 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHEAST CORNER OF LOT 15 OF TRACT NO. 15058, AS PER MAP RECORDED IN BOOK 325 PAGE 35 OF MAPS, RECORDS OF SAID COUNTY; THENCE ALONG THE EASTERLY LINE OF SAID LOT 15, SOUTH 7° 28' 38" EAST 175.00 FEET TO THE SOUTHEAST CORNER OF SAID LOT 15; THENCE PARALLEL WITH THE NORTHERLY LINE OF SAID LOT 6, NORTH 82° 27' 22" EAST 1.00 FOOT; THENCE PARALLEL WITH SAID EASTERLY LINE NORTH 7° 28' 38" WEST 175.00 FEET TO SAID NORTHERLY LINES; THENCE ALONG SAID NORTHERLY LINE SOUTH 82° 27' 22" WEST 1.00 FOOT TO THE POINT OF BEGINNING.
A-3
4911-4912-2946v2/022283-0620
A-4
4911-4912-2946v2/022283-0620
PARCEL 8: (REM. 3133-025-904)
ALL OF LOT 15 AND THE EASTERLY 9 FEET OF LOT 16 OF TRACT NO. 15058, IN THE CITY
OF LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS SHOWN ON MAP RECORDED IN BOOK 325, PAGE 35 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL 9: (3133-025-906)
THE SOUTHERLY 11.5 FEET OF LOT 14 OF TRACT NO. 15058, IN THE CITY OF
LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 325, PAGE 35 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL 9A:
THAT PORTION OF LOT 6 IN BLOCK 22, OF THE TOWN OF LANCASTER, IN THE CITY OF
LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 5 PAGES 470 AND 471 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT IN THE SOUTHERLY LINE OF LANCASTER BOULEVARD FORMERLY 10TH STREET, 100 FEET WIDE, AS SHOWN ON THE MAP OF TRACT NO. 15058, RECORDED IN BOOK 325 PAGE 35 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DISTANT ALONG SAID SOUTHERLY LINE NORTH 82° 27' 22" EAST 61.5 FEET FROM THE MOST NORTHERLY CORNER OF LOT 15 OF SAID TRACT NO. 15058; THENCE PARALLEL WITH THE EASTERLY LINE OF SAID LOT 15, SOUTH 07° 28' 38" EAST 138.00 FEET; THENCE PARALLEL WITH SAID SOUTHERLY LINE OF LANCASTER BOULEVARD NORTH 82° 27' 22" EAST 6.00 FEET; THENCE PARALLEL WITH THE EASTERLY LINE OF SAID LOT 15, SOUTH 07° 28' 38" EAST 37.00 FEET TO THE NORTHERLY LINE OF THE 30 FOOT ALLEY SHOWN ON THE MAP OF SAID TRACT NO. 15058; THENCE NORTH 02° 27' 22" EAST 32.5 FEET TO THE MOST SOUTHERLY CORNER OF LOT 14 OF SAID TRACT NO. 15058; THENCE ALONG THE WESTERLY LINE OF SAID LOT 14, NORTH 07° 28' 30" WEST 175.00 FEET TO THE SOUTHERLY LINE OF SAID LANCASTER BOULEVARD; THENCE ALONG SAID BOULEVARD SOUTH 82° 27' 22" WEST
38.5 FEET TO THE POINT OF BEGINNING.
PARCEL 10: (3133-025-907)
THE WEST 20 FEET OF THE EAST 29 FEET OF LOT 16, IN THE CITY OF LANCASTER,
COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 325, PAGE 35 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
STADIUM PROPERTY
PARCEL 11: (3153-015-940 & 941)
PARCEL 4 OF AMENDED PARCEL MAP NO. 24368, IN THE CITY OF LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP FILED IN BOOK 273, PAGES 65 A-5
4911-4912-2946v2/022283-0620
THROUGH 70, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
ECONOMIC DEVELOPMENT OFFICE
PARCEL 12: (3126-032-909)
LOTS 32 AND 33 OF TRACT NO. 32548, IN THE CITY OF LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 968 PAGES 1 TO 5 INCLUSIVE OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PUBLIC SAFETY BUILDING
PARCEL 13: (3134-013-910)
PARCEL 1 OF PARCEL MAP NO. 17284, IN THE CITY OF LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 183 PAGE 100 OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
MUSEUM PROPERTY
PARCEL 14: (3134-009-031)
PARCEL A, AS SHOWN ON LOT LINE ADJUSTMENT LLA NO. 08-13, RECORDED APRIL 2, 2009 AS INSTRUMENT NO. 2009-477953, OF OFFICIAL RECORDS, IN THE CITY OF
LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA AND MORE PARTICULARLY DESCRIBED AS FOLLOWS:
A PORTION OF BLOCK 14 OF THE TOWN OF LANCASTER, IN THE CITY OF LANCASTER,
COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 5 PAGES 470 AND 471 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHWEST CORNER OF SAID BLOCK 14, SAID POINT LYING AT
THE INTERSECTION OF THE NORTHERLY RIGHT-OF-WAY LINE OF LANCASTER BOULEVARD (FORMERLY 10TH STREET), 100 FEET WIDE, AND THE EASTERLY RIGHT- OF-WAY LINE Of ELM AVENUE, 60 FEET WIDE, AS SHOWN ON SAID MAP; THENCE.
ALONG SAID EASTERLY RIGHT-OF-WAY LINE OF ELM AVENUE, NORTH 07° 27' 39" WEST A DISTANCE OF 302.57 FEET TO A POINT ON THE SOUTHERLY LINE OF THAT
CERTAIN EASEMENT FOR INGRESS/EGRESS PURPOSES GRANTED TO THE CITY OF LANCASTER PER DOCUMENT RECORDED APRIL 22, 2008 AS INSTRUMENT NO. 2008- 0704116 OF OFFICIAL RECORDS; THENCE, ALONG SAID SOUTHERLY LINE, NORTH 82° 27' 30" EAST A DISTANCE OF
51.16 FEET; THENCE SOUTH 07° 27' 54" EAST A DISTANCE OF 142.47 FEET; THENCE NORTH 82° 32' 06" EAST A DISTANCE OF 15.03 FEET; THENCE SOUTH 07° 27' 54" EAST A DISTANCE OF 12.00 FEET; THENCE NORTH 82° 24' 44" EAST A DISTANCE OF 13.93 FEET; THENCE SOUTH 07° 29' 54" EAST A DISTANCE OF 148.09 FEET TO SAID NORTHERLY RIGHT-OF-WAY LINE OF LANCASTER BOULEVARD; THENCE, ALONG SAID A-6
4911-4912-2946v2/022283-0620
NORTHERLY RIGHT-OF-WAY LINE, SOUTH 82° 27' 34" WEST A DISTANCE OF 80 23 FEET TO THE POINT OF BEGINNING.
LANCASTER COMMUNITY CENTER
PARCEL 15: (3138-029-940)
PARCEL 1 OF PARCEL MAP NO. 26585, IN THE CITY OF LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS SHOWN UPON A MAP FILED IN BOOK 309, PAGES 11 AND 12, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
CORPORATION YARD
PARCEL 16: (3118-014-907)
LOT 1 OF PARCEL MAP NO. 23315, IN THE CITY OF LANCASTER, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 277 PAGES 39 THROUGH 41 INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
EXCEPT THEREFROM ALL MINERALS AND MINERAL RIGHTS IN RELATION THERETO
AND WITHIN THE MEANING OF MINERALS AND MINERAL RIGHTS SHALL BE DEEMED
INCLUDED ALL OIL, PETROLEUM, ASPHALTUM AND LIKE SUBSTANCES AND LIKE
SUBSTANCES, AS RESERVED BY THE SOUTHERN TRUST COMPANY, A CORPORATION, IN DEED RECORDED MARCH 4, 1911 IN BOOK 4451 PAGE 198 OF DEEDS, RECORDS OF SAID COUNTY.
[LEGAL DESCRIPTION OF ADDITIONAL PROPERTY TO COME]