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EXHIBIT B-1 <br /> PROPERTY DESCRIPTION <br /> Property Name: Southpointe Property <br /> Location: Weber Avenue/Mormon Slough/Stockton Deep Water Channel <br /> Redevelopment Area: Waterfront Merger Redevelopment Project Area <br /> DTSC Project Code: 102125-11 <br /> Redevelopment Agency: Redevelopment Agency of the City of Stockton <br /> Property Information: Exhibit B-2 provides a map of the Property. <br /> Property Owner: Redevelopment Agency of the City of Stockton <br /> APN#: 14527006; 14527009; 14527010; and 14519003 <br /> Site Description: The Southpointe Property is bounded by the Stockton Deep Water <br /> Channel to the north, Edison Street to the east, Weber Avenue to the south, and the <br /> Mormon Channel and Industrial Road to the west. The site is elevated approximately + <br /> 10 feet relative to mean sea level. The site is located within Section 10, Township 1 <br /> North, Range 6 East, Mount Diablo Baseline and Meridian. The site is a narrow strip <br /> that consists of approximately 9 acres of land. The site contains a former railroad track <br /> bed that runs east-west through the site. The site is located within a predominately <br /> commercial and industrial area. Weber Avenue bounds the site to the south beyond <br /> which is vacant land and an apartment complex. <br /> Site History: Since the turn of the 20th Century the site has been used primarily for <br /> industrial purposes. In particular, warehouse operators would accept, store and <br /> transport goods via barges/ships on the adjacent Stockton Channel and/or via the <br /> various rail lines running through the property. Of note is a large warehouse previously <br /> owned and/or operated by Union Pacific Railroad Company's predecessor, Southern <br /> Pacific. <br /> Known previous businesses operating on this Property: <br /> • 1895: Stockton Milling Company; Farmer's Union and Milling Company; <br /> railroad tracks on site; <br /> • 1917: Farmer's Union Milling Company; Cleaning Works; Southern <br /> Pacific Produce Company; J.K. Garmsby Grain and Produce Company; <br /> railroad tracks on site; <br /> 11 of 31 <br />