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of 34 nath·e California oaks.


                         On August 4, 2000, the Santa Clarita Oak ConserYancy and California Oak
                 Foundation (collectively Conservancy) filed a writ petition against the College challenging the
                 adequacy of that environmental documentation, in particular asserting that a full
                 Environmental Impact Report should have been prepared.  That action was denominated
                  Santa Clarita Oak Co11servanry et al v.  College of the Ca19ons, et al., Los Angeles Superior Court
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                 Case No. BS064665 ("the Action").

                         On December 6, 2000, the College and the Conservancy settled the Action on certain
                  terms and conditions, including, among other things, a nearly 15% reduction in size of the
                 parking lot, the retention of 16 oak trees previously scheduled to be removed, and an
                  agreement to monitor the oak trees.  In addition, Section 1, paragraph e of the Settlement
                 .Agreement stated in part:


                         "In accordance ,vith the MND, the College has set aside an undeveloped area
                         on the west side of the College's campus consisting of approximately 20 acres
                         ... as a permanent valley oak savannah habitat open space area in perpetuity, by
                         means of a conservation easement pursuant to the terms of the MND."



                         Under the settlement, the College agreed to record such an easement based upon an
                 as-built survey upon completion of the parking lot construction.  The approximately 20 acre
                  easement is hereafter referred to as the "Conservation Area," as shown on the map attached
                  hereto as Exhibit B, and as more particularly described in Exhibit A attached hereto.  The
                  Consen·ation Area possesses significant scenic, aesthetic and ecological values which the
                  College intends to conserve and protect.

                         The parking lot having been completed, the College now desires to permanently
                 dedicate the Conservation Area as set forth in the MND and agreed upon in the Settlement
                 Agreement.


                         In consideration of the mutual provisions and covenants contained in the Settlement
                 Agreement and in accordance with the MND, the College hereby irrevocably establishes that
                 there be and hereby is created the following restrictions on the use and enjoyment of the
                 Consen•ation Area to be attached to and become a pan of the deed to the College property.






                         2.     Covenant, Condition and Restrictions.  The College for itself and its heirs,
                 assigns and successors-in-interest, covenants and agrees that:


                                a.     This conservation easement is to be defined as set forth in Civil Code
                 §815.1.






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