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\ RESOLVED, that the action of President Bailey and Assistant Secretary How in executing agreement bearing C.L.D. No. 15377* dated April 28, 1966, between Las Vegas Land and Water Company and Westwood Ceramic Supplies, Inc., granting the latter a one year option to purchase parcels of land described therein, in City of Industry, California; consideration being that Purch­aser shall pay general and special taxes, including any special district levies, plus any assessments for public improvements not chargeable to Capital Account; Purchaser may exercise option on payment of purchase price of $74,000.00, by giving notice of its intention to do so, and shall have entered into an agreement for construction on the option parcels of a warehouse building containing a floor area of not less than 15,000 square feet, plans for warehouse to be submitted to Land Company for its approval; Land Company to deliver deed conveying title subject to: (a) All taxes and assessments levied and assessed upon the option parcel for the fiscal year in which the option is exercised, whether payable or not, (b) Easement for sewer line purposes as granted County Sanitation District No. 15 of Los Angeles County, recorded in Book D-2007, page 292, Official Records of Los Angeles County, California. (c) Easement for transmission and service water lines as reserved by Cross Water Company, in deed recorded in Book D-6l4, page 130* Off­icial Records of Los Angeles County, California. (d) Easement for pipes and incidental as granted Southern Counties Gas Copmuprapnoys,e s roerdcso rdoef dL oisn ABnogoekl e7s4 17C*o unptayg,e C10a2l,i foOrfnfiiac.ial Rec­On motion duly seconded, it was -6-