Agenda Item 8C — Torrance City Council, August 25, 2026

8C
Date: August 25, 2026
To: Honorable Mayor and Members of the City Council
From: Aram Chaparyan, City Manager
By: Eirenne O'Neill, Staff Assistant | [email protected] Subject: City Manager – Approve Memorandum of Lease and Landlord Estoppel Certificate and Agreement for City-owned Property Located at the Corner of Pacific Coast Highway and Crenshaw Boulevard Commonly Known as Rolling Hills Plaza.

Expenditure: None.

RECOMMENDATION
Recommendation of the City Manager that City Council:

1. Approve a Memorandum of Lease for Third Amendment to Ground Lease for City-owned property located at the corner of Pacific Coast Highway and Crenshaw Boulevard, also known as Rolling Hills Plaza Shopping Center (C97-186); and

2. Approve a Memorandum of Lease for Fourth Amendment to Ground Lease for City-owned property located at the corner of Pacific Coast Highway and Crenshaw Boulevard, also known as Rolling Hills Plaza Shopping Center (C-053); and

3. Approve a Landlord Estoppel Certificate and Agreement for Rolling Hills Plaza LLC for City-owned property located at the corner of Pacific Coast Highway and Crenshaw Boulevard, also known as Rolling Hills Plaza Shopping Center (C97-186); and

4. Approve a Landlord Estoppel Certificate and Agreement for Rolling Hills Plaza LLC for City-owned property located at the corner of Pacific Coast Highway and Crenshaw Boulevard, also known as Rolling Hills Plaza Shopping Center (C-053).

FUNDING
None required.

DISCUSSION
In July 2022, the City Council approved the Third Amendment to the Ground Lease for the Selleck/NCO Parcel (C97-186) and the Fourth Amendment to the Ground Lease for the primary Rolling Hills Plaza parcel (C-053). The lessee has now requested that the City execute and record Memoranda of Lease for each amendment. Recording these memoranda provides public notice of the previously approved lease amendments without recording the full lease documents.

Additionally, Rolling Hills Plaza LLC is in the process of modifying and extending its existing financing with Wells Fargo for both the Main Parcel and the Selleck/NCO Parcel. As part of the lender's requirements for the loan modification, the City is requested to execute an Estoppel Certificate for each ground lease.
1 City Council
August 25, 2026

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An estoppel certificate confirms certain facts regarding the ground leases, including that the leases remain in effect, identifies the current status of the agreements, and verifies that no known defaults exist to the City's knowledge. The certificates are substantially consistent with those executed in connection with the original financing in 2022 and have been updated only as necessary to reflect the current loan and proposed financing modifications.

Staff recommends that Your Honorable Body approve the Memoranda of Lease and Estoppel Certificates will facilitate the lessee's financing transaction and will not modify the terms or obligations of the existing ground leases previously approved by the City Council.

ATTACHMENTS

1. Memorandum of Lease for Third Amendment to Ground Lease (C97-186)

2. Memorandum of Lease for Fourth Amendment to Ground Lease (C-053)

3. Landlord Estoppel Certificate and Agreement (C97-186)

4. Landlord Estoppel Certificate and Agreement (C-053)
2 1
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RECORDING REQUESTED BY
AND WHEN RECORDED RETURN TO:

Greenberg Traurig LLP
101 Second Street, Suite 2200
San Francisco, CA 94105-3668
Attention: Jacobus Machalow, Esq.

APN #[7377-006-904 and 7377-006-906] (Space above this line for Recorder’s use)

MEMORANDUM OF THIRD AMENDMENT TO GROUND LEASE

THIS MEMORANDUM OF THIRD AMENDMENT TO GROUND LEASE (this “Memorandum”) is made and entered into as of August 25, 2026, by and between the CITY OF TORRANCE, a municipal corporation (“Lessor”), and ROLLING HILLS PLAZA LLC, a California limited liability company (“Lessee”).

1. Lessee and Lessor are party to that certain lease dated effective as of September 1, 1997, between Lessor, as lessor, and Rolling Hills Plaza Shopping Center, a California limited partnership (“RHPSC”), as ultimate successor-in-interest to Daniel F. Selleck (“Selleck”), as lessee, which assignment and assumption of ground lease between Selleck, as assignor, and Lessee, as assignee was recorded on September 21, 2000 in the Official Records of Los Angeles County, State of California (the “Records”), as Instrument No. 00-1490258, as amended by that certain Lease Amendment dated as of April 1, 1999, as amended by that certain Second Amendment to Ground Lease dated September, 2000, which was recorded on December 4, 2000 in the Records as Instrument No. 00-1878901, and as further amended by that certain Third Amendment to Ground Lease (the “Third Amendment”) dated for reference purposes only as of July 1, 2022 (as amended and assigned, and as the same may be further amended and assigned from time to time, the “Ground Lease”), in effect at the real property legally described on Exhibit A attached hereto. Capitalized terms not defined in this Memorandum shall have the meanings set forth in the Ground Lease.

2. Lessor and Lessee have entered into the Third Amendment to, among other things, provide for the addition of two extension options to extend the term of the Ground Lease (i) first, through October 31, 2072, and (ii) second, through October 31, 2086, subject to certain conditions precedent as more particularly set forth in the Third Amendment, and to provide for, among other things, the modification of the Rental Amounts and Use of Loan Proceeds.
3 ATTACHMENT 1

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3. This Memorandum has been prepared to provide notice that the Property is subject to the terms and conditions of the Ground Lease, as amended by the terms and conditions of the Third Amendment, which terms are hereby incorporated by reference into this Memorandum.

4. In no event shall the terms of this Memorandum be deemed to modify, amend, limit, or otherwise affect the terms and conditions of the Ground Lease, as amended by the Third Amendment. In the event of any inconsistency between the terms of this Memorandum and the terms of the Ground Lease, as amended by the Third Amendment, the terms of the Ground Lease, as amended by the Third Amendment, shall control.

5. This Memorandum may be executed in any number of counterparts, each of which shall be deemed an original, but all of which, when taken together, shall constitute one and the same instrument. Signature pages may be taken from a counterpart and attached to other counterparts to form one document, which shall constitute a fully executed document that may be recorded.
[Signature Pages Follow]

4 [Signature Page to Memorandum of Third Amendment to Ground Lease]

IN WITNESS WHEREOF, Lessor and Lessee have caused their duly authorized representatives to execute this Memorandum as of the date first written above.

LESSEE

ROLLING HILLS PLAZA LLC,
a California limited liability company

By: ROLLING HILLS PLAZA VENTURE 96, LLC,
a California limited liability company
Its Member

By: ROLLING HILLS PLAZA SHOPPING CENTER,
a California limited partnership
Member

By: LA CAZE PARTNERSHIP,
a California limited partnership
General Partner

By: The La Caze Family Trust, u/d/t dated July 6,
1987, General Partner

By:

Norman R. La Caze, Trustee

By:

Carole J. La Caze, Trustee

By: NORTHERN RHP LLC,
a Delaware limited liability company,
Its Member

By: BRISTOL GROUP, INC.,
a California corporation
Manager

By: __________________________
Jeffrey S. Kott, Managing Partner

By: _________________________
Todd J. McLay, Treasurer

5 [Signature Page to Memorandum of Third Amendment to Ground Lease]

LESSOR
CITY OF TORRANCE, ATTEST:
a municipal corporation
______________________________ ____________________________ Sharon Kalani Rebecca Poirier
Mayor City Clark

APPROVED AS TO FORM:

PATRICK Q. SULLIVAN

CITY ATTORNEY

______________________________
Patrick Q. Sullivan
City Attorney
[End of Signatures]
6 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
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 )
COUNTY OF ______________ )

On ______________________, 2026, before me, ,
personally appeared
,
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(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
Signature of Notary Public
(Seal)

7 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
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 )
COUNTY OF ______________ )

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
Signature of Notary Public
(Seal)

8 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
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 )
COUNTY OF ______________ )

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
Signature of Notary Public
(Seal)

9 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
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 )
COUNTY OF ______________ )

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
Signature of Notary Public
(Seal)

10 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
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 )
COUNTY OF ______________ )

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
Signature of Notary Public
(Seal)

11 Exhibit A
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EXHIBIT A
Legal Description

All that certain real property located in the City of Torrance, County of Los Angeles, State of California, described as follows:

PARCEL 63 OF OFFICIAL MAP NO. 2, IN THE CITY OF TORRANCE, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS SHOWN ON MAP FILED IN BOOK 5, PAGES 44 THROUGH 51, INCLUSIVE, OF OFFICIAL MAPS, RECORDS OF SAID COUNTY; EXCEPT THEREFROM THE FOLLOWING DESCRIBED PORTION:

BEGINNING AT THE MOST NORTHERLY POINT OF SAID PARCEL 63 WITH SAID POINT ALSO BEING ON THE EASTERLY LINE OF CRENSHAW BOULEVARD; THENCE SOUTHERLY ALONG SAID EASTERLY LINE THROUGH AN ARC HAVING A RADIUS OF 700 FEET, AN ARC LENGTH OF 401.23 FEET AND A CENTRAL ANGLE OF 32°50’28”; THENCE SOUTH 37°24’29” EAST 46.49 FEET; THENCE SOUTH 25°18’50” EAST 192.62 FEET TO THE EASTERLY LINE OF SAID PARCEL 63; THENCE NORTHERLY ALONG SAID EASTERLY LINE 590.00 FEET TO THE POINT OF BEGINNING.

12 1
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RECORDING REQUESTED BY
AND WHEN RECORDED RETURN TO:

Greenberg Traurig LLP
101 Second Street, Suite 2200
San Francisco, CA 94105-3668
Attention: Jacobus Machalow, Esq.

APN #[7377-006-904 and 7377-006-906] (Space above this line for Recorder’s use)

MEMORANDUM OF FOURTH AMENDMENT TO GROUND LEASE

THIS MEMORANDUM OF FOURTH AMENDMENT TO GROUND LEASE
(this “Memorandum”) is made and entered into as of August 25, 2026, by and between the CITY OF TORRANCE, a municipal corporation (“Lessor”), and ROLLING HILLS PLAZA LLC, a California limited liability company (“Lessee”).

1. Lessor and Lessee, as successor-in-interest to Rolling Hills Plaza Shopping Center, a California limited partnership, the original lessee (“RHPSC”), are parties to that certain Lease dated as of October 21, 1987, a memorandum of which was recorded on November 3, 1987 in the Official Records of Los Angeles County, State of California (the “Records”), as Instrument No. 87-1761480, as amended by that certain Amendment No. 1 to Lease dated as of August 28, 1990, as amended by that certain Second Amendment to Lease dated January 23, 1996, as assigned from RHPSC to Rolling Hills Plaza Venture 96, LLC, a California limited liability company (“RHPV96”), pursuant to that certain Assignment of City of Torrance Ground Lease dated February 1, 1996, which was recorded on February 29, 1996 in the Records as Instrument No. 96-324123, as amended by that certain Third Amendment to Lease dated as of July 15, 1997, as amended by that certain Consent to Encumbrance of Leasehold Estate (City of Torrance) dated July 15, 1997, which was recorded on July 28, 1997 in the Records as Instrument No. 97-1145912, as amended by that certain Ground Lessors Estoppel and Agreement and Consent to Encumbrance of Leasehold Estate (City of Torrance) dated March 31, 1999, which was recorded on April 15, 1999 in the Records as Instrument No. 99-06446801, as further assigned from RHPV96 to Lessee pursuant to that certain Assignment and Assumption of Ground Lease dated April 5, 1999, which was recorded on April 15, 1999 in the records as Instrument No. 99-0646800, and as further amended by that certain Fourth Amendment to Ground Lease (the “Fourth Amendment”) dated for reference purposes only as of July 1, 2022 (as amended and assigned, and as the 13 ATTACHMENT 2

2 ACTIVE 66154987v1
ACTIVE 724270692v2
same may be further amended and assigned from time to time, the “Ground Lease”), in effect at the real property legally described on Exhibit A attached hereto.

Capitalized terms not defined in this Memorandum shall have the meanings set forth in the Ground Lease.

2. Lessor and Lessee have entered into the Fourth Amendment to, among other things, provide for the addition of two extension options to extend the term of the Ground Lease (i) first, through October 31, 2072, and (ii) second, through October 31, 2086, subject to certain conditions precedent as more particularly set forth in the Fourth Amendment, and to provide for, among other things, the modification of the Modification Fee, Rental Amounts, and Use of Loan Proceeds.

3. This Memorandum has been prepared to provide notice that the Property is subject to the terms and conditions of the Ground Lease, as amended by the terms and conditions of the Fourth Amendment, which terms are hereby incorporated by reference into this Memorandum.

4. In no event shall the terms of this Memorandum be deemed to modify, amend, limit, or otherwise affect the terms and conditions of the Ground Lease, as amended by the Fourth Amendment. In the event of any inconsistency between the terms of this Memorandum and the terms of the Ground Lease, as amended by the Fourth Amendment, the terms of the Ground Lease, as amended by the Fourth Amendment, shall control.

14 [Signature Page to Memorandum of Fourth Amendment to Ground Lease]

IN WITNESS WHEREOF, Lessor and Lessee have caused their duly authorized representatives to execute this Memorandum as of the date first written above.

LESSEE

ROLLING HILLS PLAZA LLC,
a California limited liability company

By: ROLLING HILLS PLAZA VENTURE 96, LLC,
a California limited liability company
Its Member

By: ROLLING HILLS PLAZA SHOPPING CENTER,
a California limited partnership
Member

By: LA CAZE PARTNERSHIP,
a California limited partnership
General Partner

By: The La Caze Family Trust, u/d/t dated July 6,
1987, General Partner

By:

Norman R. La Caze, Trustee

By:

Carole J. La Caze, Trustee

By: NORTHERN RHP LLC,
a Delaware limited liability company,
Its Member

By: BRISTOL GROUP, INC.,
a California corporation
Manager

By: __________________________
Jeffrey S. Kott, Managing Partner

By: _________________________
Todd J. McLay, Treasurer

15 [Signature Page to Memorandum of Fourth Amendment to Ground Lease]

LESSOR
CITY OF TORRANCE, ATTEST:
a municipal corporation
______________________________ ____________________________ Sharon Kalani Rebecca Poirier
Mayor City Clark

APPROVED AS TO FORM:

PATRICK Q. SULLIVAN

CITY ATTORNEY

______________________________
Patrick Q. Sullivan
City Attorney

[End of Signatures]
16 ACTIVE 724270692v2

CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
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 )
COUNTY OF ______________ )

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
Signature of Notary Public
(Seal)

17 ACTIVE 724270692v2

STATE OF CALIFORNIA )
COUNTY OF ______________ )

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
Signature of Notary Public
(Seal)

18 ACTIVE 724270692v2

STATE OF CALIFORNIA )
COUNTY OF ______________ )

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
Signature of Notary Public
(Seal)

19 ACTIVE 724270692v2

STATE OF CALIFORNIA )
COUNTY OF ______________ )

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
Signature of Notary Public
(Seal)

20 ACTIVE 724270692v2

STATE OF CALIFORNIA )
COUNTY OF ______________ )

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
Signature of Notary Public
(Seal)

21 Exhibit A
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EXHIBIT A
Legal Description

All that certain real property located in the City of Torrance, County of Los Angeles, State of California, described as follows:

PARCEL 1:

THAT PORTION OF LOT 1, TRACT NO. 9765, IN THE CITY OF TORRANCE, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 170 PAGES 10, 11 AND 12

OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEGINNING AT A POINT IN THE NORTHERLY LINE OF PACIFIC COAST HIGHWAY, 100.00 FEET WIDE, AS DESCRIBED IN THE DEED TO THE STATE OF CALIFORNIA, RECORDED IN BOOK 12743 PAGE 23 OF OFFICIAL RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, SAID POINT BEING THE MOST SOUTHERLY CORNER OF THE LAND DESCRIBED AS PARCEL “D” UNDER PARCELS 8-40, 9-2, IN COMPLAINT IN CASE NO. 572730 OF THE SUPERIOR COURT OF SAID COUNTY, SAID POINT BEING THE TRUE POINT OF BEGINNING; THENCE ALONG SAID NORTHERLY LINE SOUTH 48 DEGREES 45 MINUTES 20 SECONDS EAST 210.00 FEET; THENCE NORTH 41 DEGREES 14 MINUTES 40 SECONDS EAST 209.00 FEET; THENCE NORTH 48 DEGREES 45 MINUTES 20 SECONDS WEST 188.68 FEET TO THE SOUTHEASTERLY LINE OF CRENSHAW BOULEVARD 100.00 FEET WIDE, SAID STRIP OF LAND DESCRIBED AS PARCEL “A” UNDER SAID PARCELS 8-40, 9-2 IN COMPLAINT IN CASE NO. 572730 OF THE SUPERIOR COURT OF SAID COUNTY; THENCE ALONG SAID SOUTHEASTERLY LINE SOUTH 52 DEGREES 25 MINUTES 41 SECONDS WEST 193.04 FEET; THENCE SOUTH 01 DEGREES 50 MINUTES 10 SECONDS WEST

25.39 FEET TO THE TRUE POINT OF BEGINNING.

EXCEPTING THEREFROM THAT PORTION ALONG PACIFIC COAST HIGHWAY MORE PARTICULARLY DESCRIBED AS FOLLOWS:

THAT PORTION OF LOT 1, TRACT NO. 9765, IN THE CITY OF TORRANCE, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 170 PAGES 10, 11 AND 12

OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, BEING DESCRIBED AS FOLLOWS:

BEGINNING AT A POINT IN THE NORTHEASTERLY LINE OF PACIFIC COAST HIGHWAY, 100.00 FEET WIDE, AS DESCRIBED IN DEED TO THE STATE OF CALIFORNIA, RECORDED IN BOOK 12743 PAGE 23 OF OFFICIAL RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, SAID POINT BEING THE MOST SOUTHERLY CORNER OF THE LAND DESCRIBED AS PARCEL “D” UNDER PARCELS 8-40, 9-2, IN COMPLAINT IN CASE NO. 572730 OF THE SUPERIOR COURT OF SAID COUNTY; THENCE ALONG SAID NORTHEASTERLY LINE, SOUTH 48 DEGREES 45 MINUTES 20 SECONDS EAST, 470.93 FEET; THENCE NORTH 45 DEGREES 36 MINUTES 26 SECONDS WEST,

59.01 FEET TO A POINT OF TANGENCY WITH CURVE CONCAVE SOUTHWESTERLY AND HAVING A RADIUS OF 1,828.00 FEET; THENCE NORTHWESTERLY ALONG SAID CURVE, THROUGH A CENTRAL ANGLE OF 3 DEGREES 08 MINUTES 54 SECONDS, AN ARC DISTANCE OF 100.45 FEET TO A POINT OF TANGENCY WITH A LINE BEARING SOUTH 48 DEGREES 45 MINUTES 20 SECONDS EAST; THENCE NORTH 48 DEGREES 45 MINUTES 20 SECONDS WEST 300.00 FEET TO A POINT OF TANGENCY WITH A CURVE CONCAVE EASTERLY AND HAVING A RADIUS OF 25.00 FEET;

THENCE NORTHWESTERLY, NORTHERLY AND NORTHEASTERLY ALONG SAID CURVE, 22 Exhibit A
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THROUGH A CENTRAL ANGLE OF 101 DEGREES 11 MINUTES 01 SECONDS, AN ARC DISTANCE OF 44.15 FEET TO A POINT OF TANGENCY WITH A LINE BEARING NORTH 52 DEGREES 25 MINUTES 41 SECONDS EAST, SAID LINE BEING THE SOUTHEASTERLY LINE OF THAT PARCEL OF LAND DESCRIBED AS PARCEL “A” UNDER SAID PARCELS 8-40, 9-2, SAID LINE BEING NOW

RECOGNIZED AND ACCEPTED AS THE SOUTHEASTERLY LINE OF CRENSHAW BOULEVARD (100.00 FEET); THENCE SOUTH 52 DEGREES 25 MINUTES 41 SECONDS WEST, ALONG SAID SOUTHEASTERLY LINE, A DISTANCE OF 16.55 FEET; THENCE SOUTH 1 DEGREES 50 MINUTES 10 SECONDS WEST 25.39 FEET TO THE POINT OF BEGINNING.

EXCEPT FROM SAID LAND ALL URANIUM, THORIUM AND ALL OTHER MATERIALS DETERMINED PURSUANT TO SECTION 5 (B) (1) OF THE ATOMIC ENERGY ACT OF 1946 (60 STAT. 761) TO BE

PECULIARLY ESSENTIAL TO THE PRODUCTION OF FISSIONABLE MATERIAL CONTAINED IN

WHATEVER CONCENTRATION IN DEPOSITS IN SAID LANDS, TOGETHER WITH THE RIGHT AT ANY

TIME TO ENTER UPON SAID LAND AND PROSPECT FOR, MINE AND REMOVE THE SAME, AS RESERVED IN THE DEED FROM THE UNITED STATES OF AMERICA, RECORDED ON MAY 13, 1948 IN BOOK 27145 PAGE 362, OFFICIAL RECORDS.

ALSO EXCEPT ALL MINERALS, OTHER THAN THOSE ABOVE MENTIONED, AND ALL PETROLEUM

IN SAID LAND, TOGETHER WITH THE EXCLUSIVE RIGHT AT ANY AND ALL TIMES TO ENTER UPON

THE LANDS AND PROSPECT FOR, MINERAL FOR, AND REMOVE SUCH MINERALS OR

PETROLEUM, WITH ALL NECESSARY AND CONVENIENT MEANS OF WORKING AND TRANSPORTING MATERIALS AND SUPPLIES, AS RESERVED IN THE ABOVE MENTIONED DEED.

ALL RIGHTS OF ENTRY UPON THE SURFACE OF SAID LAND TO PROSPECT FOR, MINE OR

REMOVE MINERALS OR PETROLEUM FROM SAID LAND, OR IN ANYWISE MAKE USE OF THE

SURFACE OF SAID LAND FOR WORKING, REMOVING OR TRANSPORTATION OF MATERIALS AND

SUPPLIES IN CONNECTION WITH SUCH MINING OPERATIONS, AS RESERVED IN THE ABOVE

MENTIONED DEED, WERE QUITCLAIMED BY THE UNITED STATES OF AMERICA ACTING BY AND

THROUGH THE ADMINISTRATOR OF GENERAL SERVICES, TO THE CITY OF TORRANCE, A MUNICIPAL CORPORATION, BY DEED RECORDED AUGUST 29, 1955 IN BOOK 48802 PAGE 55, OFFICIAL RECORDS.

PARCEL 2:

THAT PORTION OF LOT 1, TRACT NO. 9765, IN THE CITY OF TORRANCE, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 170 PAGES 10, 11 AND 12

OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

74.00 FEET; THENCE NORTH 48 DEGREES 45 MINUTES 20 SECONDS WEST 263.58 FEET; THENCE SOUTH 52 DEGREES 25 MINUTES 41 SECONDS WEST 138.64 FEET; THENCE SOUTH 48 DEGREES 45 MINUTES 20 SECONDS EAST 85.69 FEET; THENCE SOUTH 41 DEGREES 16 MINUTES 35 SECONDS WEST 90.44 FEET; THENCE NORTH 48 DEGREES 45 MINUTES 20 SECONDS WEST 156.18 FEET TO A POINT IN THE SOUTHEASTERLY LINE OF CRENSHAW BOULEVARD, 100.00 FEET WIDE, SAID STRIP OF LAND DESCRIBED AS PARCEL “A” UNDER SAID PARCELS 8-40, 9-2, IN 23 Exhibit A
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COMPLAINT IN CASE NO. 572730 OF THE SUPERIOR COURT OF SAID COUNTY; THENCE ALONG SAID SOUTHEASTERLY LINE NORTH 52 DEGREES 25 MINUTES 41 SECONDS EAST 932.23 FEET; THENCE SOUTH 37 DEGREES 34 MINUTES 19 SECONDS EAST 246.00 FEET; THENCE NORTH 52 DEGREES 25 MINUTES 41 SECONDS EAST 286.66 FEET TO A POINT IN THE EASTERLY LINE OF SAID LOT 1; THENCE ALONG SAID EASTERLY LINE SOUTH 00 DEGREES 11 MINUTES 20 SECONDS WEST 1,671.69 FEET TO THE NORTHERLY LINE OF PACIFIC COAST HIGHWAY; THENCE ALONG SAID NORTHERLY LINE NORTH 89 DEGREES 48 MINUTES 35 SECONDS WEST 26.53 FEET TO THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHERLY; THENCE WESTERLY ALONG SAID CURVE, HAVING A RADIUS OF 1,096.28 FEET, THROUGH A CENTRAL ANGLE OF 41 DEGREES 03 MINUTES 15 SECONDS, A LENGTH OF 785.52 FEET; THENCE NORTH 48 DEGREES 45 MINUTES 20 SECONDS WEST 349.67 FEET TO THE TRUE POINT OF BEGINNING.