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SR-102307-13E11~~p~~~~c,~ October 12, 2007 Bayside t3istrict Corporation Board of Directors clo Kathleen Rawson, Executive Director 1361 Third Street Promenade, #201 Santa Monica, CA 90401-1321 Dear Board Members, ~`~Ct+¢{dE{~ ~~i-Flee J~ ~iE ClT'$ CLEi<~ zaoa ocT i ~ ~i~ i~~ ~2 SARd7A NiCFd{CA, CALlF. Please accept this letter as my formal resignation as a Board Member of the Bayside District Corporation. pue to greatly increased responsibilities both at work and at home, 1 haven't bae~ able to participate and integrate myself as much as t had initially anticipated. 13~ OCT ? 3 2007 I want to sincerely thank the Board for the oppartunlty and consideration that was extended to me during my term. The Macerich Company views fhe Bayside District Corporation as partner in making The City of Santa Monica the best community to both live and work. t have truty appreciated being part of the Bayside District Corporation, as weH as, the opportunities and learning experience that have been provided to me during the last couple of years. Thank you for t7aving me as part of your team and I wish the Board much success with their future endeavors. Sincerely, el D. Guerin 4~~'~ OCT 7. 3 2007 395 5anaa Monica Piarn Santa Monica, CA 90401 P: 310,31'~.3p$0 (F; 310.9T7.556b www,mau~rrich,com 4 NYSE: MAG