Location:

• Long Beach, California

Site Data:

• 30 Acres Gross
• 25.3 Acres Net

Divisibility:

• Lots ranging from ½ to 2 acres
• Lots are combinable (See Exhibit "A")

Dimensions:

• Length 400' average 2 acre lot; 210' average ½ acre lot
• Width 200' average 2 acre lot; 110' average ½ acre lot

(See artist's conceptual renderings of the site)

Description of Boundaries:

The site is located on the Pacific Coast Highway extending from the Terminal Island Freeway (Rt. 47) on the west to Cota Avenue (near Santa Fe) on the east.

The site extends from Pacific Coast Highway on the south to 19^th Street on the north.

Land Use:

• General Plan Designation - Mixed Uses (LUD7)
• Zoning Classification - Planned Unit Development District (PD 31)

Permitted Uses:

Research and development facilities, office, light manufacturing, warehousing, and institutional / governmental. Twenty nine specific allowable uses are specified in the PD 31 Zoning (available on request).

Present Use:

CSULB Technology Park

Past Use:

Naval Family Housing (30+ years)

Surrounding Uses:

Existing industrial, residential, commercial, institutional (US Department of Labor Job Corp Training Center) City of Long Beach West side Police Substation

Utilities / Infrastructure

The following information has been obtained from local utility providers. Specific utility line sizes and capacities must be confirmed with the respective utility provider.

• Water Service: City of Long Beach Water Department.
  • Main size - 6" and 8" Main on-site; 12" main in adjacent Pacific -Coast Highway
  • Line Size to Site - 12"
  • Line Size on Site - 6" and 8"
  • Pressure Test - Available on request
  • Distance from Site - On-site
  • Dual Feed Possible - Yes
  • Water Quality Analysis - Available on request
  • Estimated Cost Extension - Will Provide estimate on request.
• Sewer Service: City of Long Beach Water Department in conjunction -with Los Angeles County Sanitation District
  • Main Size - 8"
  • Line Size to Site - 8"
  • Distance from Site - On-site
  • Line Size on Site - 8"
  • Lift Station Needed - No
  • Distance from treatment plant - 3 miles
  • Estimated Costs Extension - Will provide on request
• Electric Service: Southern California Edison, or other electricity provider
• Power Characteristics: Underground electrical with sufficient capacity to meet individual user needs.
• Gas Service: City of Long Beach Gas Department
  • National Gas Trunk Line Size to Site - 12"
  • Line Size on site - 5"
  • Pressure Test - Available on request
  • Distance from Site - On-site

Telecommunications:

Local Service available from a number of local providers including:

• GTE, TCG, ICG Pactel, MFS, MCI, Metro, Windstar, Charter Communications, Nextlink
• High Speed Transmission - Yes
• Fiber Optics - Yes
• Dual Feed - Yes

Transportation System:

• Highways:
  Rt. 1 & Rt. 47 directly adjacent to site
• Interstate:
  Long Beach Freeway (710) ¼ mile to the East
• Rail:
  Available near the Site (across Terminal Island Freeway)
  Future Alameda Corridor
• Air:
  Local - Los Angeles International, John Wayne (Orange County) 15 miles
  Closest Commercial Metro - Long Beach Airport 4 miles
• Bus:
  Long Beach Transit provides bus service (Route 171) from the CSULB Technology Park to the CSULB campus.
• Ports:
  Port of Long Beach - 1 mile
  Port of Los Angeles - 2 miles

Long Beach Enterprise Zone Programs include:

• Sale & Use Tax Credit
  100% of the 8.25% sales tax or use tax paid on the purchase of new qualifying machinery or parts used in the Enterprise Zone can be claimed as a tax credit.

• Manufacturer's Investment Tax Credit (MITC)
  A 6% tax credit based upon the acquisition cost of new qualifying manufacturing equipment used in the Enterprise Zone may be claimed by an Enterprise Zone business. For businesses located with the Enterprise Zone, the 6% MITC may be combined with the Enterprise Zone's 8.25% sales and use tax credit on most of the same machinery. This will allow the manufacturer to receive, a total State tax credit of 14.25% of the purchase price of qualified machinery. The eligibility to acquire State tax credits through the MITC Program expires January 1, 2001.

• Hiring Tax Credit
  Businesses located in the Enterprise Zone may reduce their state income tax by up to half the amount of the wages paid to one or more employees hired after January 1992, who have participated in or are eligible for job training and/or employment assistance programs. Business may earn credits of over $26,500 per employee over a 5-year period.

• Business Expense Deduction
  A portion of the cost of furniture and fixtures purchased for exclusive use in the Enterprise Zone may be deducted as a business expense in the first year placed in services.

• Net Operating Loss Carryover
  Businesses in the Enterprise Zone may deduct from their state taxable income 100% of any net operating losses incurred in unprofitable years for the period that the Zone is in existence.

• Net Interest Deduction for Lenders
  Lenders can claim deductions on the amount of net interest earned on loans made to a trade or business solely located in the Enterprise Zone.

The City of Long Beach offers several programs that provide Tenants at the CSULB Technology Park valuable credits.