Article 43 — MADRONA MARSH DISTRICT

The Madrona Marsh District is that property in the City of Torrance more particularly described as Lots 6, 7, and 8 of Tract 43326, as per map recorded in book 1043, pages 10, 11 and 12 of Maps in the Recorder’s office of Los Angeles County.

The uses permitted in or on the Madrona Marsh District are those uses designated as "permitted Uses" in that certain settlement agreement between the City of Torrance and the Santa Fe Land Improvement Company, Torrance Investment Company and Watt Homes, Inc., recorded on October 3, 1986 as Instrument 861335230. Certain "prohibited Uses" are listed in that same settlement agreement.

a) There shall be conducted a noticed public hearing before the Planning Commission and the City Council, with written notice to the Torrance Investment Company and to Santa Fe Land Improvement Company, as provided in the Settlement Agreement, prior to the consideration of any application, proposal or agreement the approval of which or the entering into of which would allow:

• 1. Any use prohibited by the Settlement Agreement, or
• 2. The sale, lease or rental of all or any portion of the Madrona Marsh, or

3. The approval or construction of any structure with a floor area exceeding five thousand (5000) square feet or any construction which would result in the total floor area of buildings on the Madrona Marsh exceeding fifteen thousand (15,000) square feet.

b) Further, the City shall give written notice to Torrance Investment Company and Santa Fe Improvement Company, as provided in the Settlement Agreement, of:

• 1. All applications for use of the Madrona Marsh, and
• 2. All public hearings concerning the sale, lease, rental or use of all or any portion of the Madrona Marsh.