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EXHIBIT B DESCRIPTION CITY OF STOCKTON ROUGH AND READY ISLAND REVISED REDEVELOPMENT AREA All that certain area for redevelopment purposes lying within the City of Stockton, County of San Joaquin, State of California, being more particularly described as follows: PARCEL ONE Beginning at a point marking the intersection of the Stockton Deep Water Channel with the centerline of the San Joaquin River, said point also being a point in the boundary of the City of Stockton Port Industrial Redevelopment area, said point having the coordinates of 2,170,204.1 North and 6,320,131.5 East; thence along the center line of the San Joaquin River and the westerly line of the said Port Industrial Redevelopment area the following six (6) courses: 1) South 38° 24' 18" East 808.62 feet; 2) South 12° 17' 40" West 570.81 feet; 3) South 33° 51' 35" West 750.00 feet; 4) South 70° 53' 14" West 850.00 feet; 5) South 30° 17' 03" West 1,200.00 feet and 6) South 70° 18' 24" West 1,050.00 feet to intersection with the centerline of Burns Cutoff; thence along the centerline of Burns Cutoff the following twelve (12) courses: South 29° 24' 48" West 318.79 feet; South 28° 56' 32" West 572.27 feet; South 48° 56' 58" West 246.93 feet; WEST 248.29 feet; North 71° 22' 38" West 418.20 feet; North 84° 17' 44" West 143.96 feet; South 65° 24' 01" West 252.07 feet; South 53° 21' 21" West 279.69 feet; South 88° 05' 01" West 160.98 feet; North 66° 57' 58" West 1,011.75 feet; North 49° 58' 53" West 430.20 feet and South 87° 47' 41" West 162.58 feet to intersection with the northerly projection of the easterly line of Daggett Road and the City limits line of the City of Stock-ton, said point having the coordinates of 2,166,317.8 North and 6,314,252.5 East; thence continuing along the centerline of said Burns Cutoff and the City limits line of the City of Stockton the following sixty nine (69) courses: 1) South 64° 43' 28" West 327.89 feet; f:\02409\legdesc2doc