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062539114
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RECORDED/FILED IN OFFICIAL RECORDS
RECORDER'S OFFICE
LOS ANGELES COUNTY
CALIFORNIA
11/16}06 AT 08:00am
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TIT~E(S) :
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Assessor's Identification Number (AIN)
To be completed by Examiner OR Title Company in black ink.
Number of AIN's Shown
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THIS FORM IS NOT TO BE DUPLICATED
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RECORDING REQUESTED BY AND
WHEN RECORDED MAIL TO:
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11116/06
1111111111111111111111111111111111111111111111111111111111I111111
20062539114
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City Attorney
City of Arcadia
240 W. Huntington Drive
Arcadia, CA 91007
COVENANT AND AGREEMENT TO DEVELOP
AND HOLD PROPERTY AS ONE PARCEL
FOR GOOD, VALUABLE AND ADEQUATE CONSIDERATION, receipt of
which is hereby acknowledged,
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'RICH ARCADIA, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY
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hereinafter referred t() collectively as "Covenantor", hereby declares to be the owner of
that certain real property located at 245-253 E. Foothill Boulevard in the City of
Arcadia, County of Los Angeles, State of California, more particularly described as
follows: .
Lots 5 and 6 of Tract No. 12834, in the City of Arcadia, as per map
Recorded in Book 262, Page 24 of Maps, in the office of the County
Recorder of said County ("Affected La.'1d").
Covenantor hereby agrees and covenants with the City of Arcadia, a Municipal
Corporation (hereinafter referred to as the "Covenantee") on behalf of and for the
benefit ofthe Covenantee's land, which is the public street and right-of-way adjacent
and contiguous to the Affected Land, and on behalf of and for the benefit of the
"Benefitted Land" which consists of and includes all the public and private land
located within 500 feet of the Affected Land, as follows:
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I. The Affected Land, as shown on the attached Exhibit "A", shall be held
and developed as one parcel and no portion thereof shall be voluntarily or involuntarily
sold, conveyed or assigned separately or legally divided until this Covenant and
Agreement is released in writing by the City of Arcadia. Any attempt to sell, convey
or assign less than the entire Affected Land shall be a nullity and of no effect and the
Covenantee is hereby authorized to bring an action in a court of competent jurisdiction
to set aside and have declared null and void any such attempted sale, conveyance or
assignment. In the event of any and all such legal actions, Coven an tors or their
succeSSors or assigns shall be liable for the reasonable attorneys' fees of Covenantee.
2. This Covenant and Agreement is for the benefit ofthe Covenantee and its
heirs, successors and assigns and is for the benefit of and shall inure to the benefit of
all the Benefitted Land and the heirs, successors and assigns of the owners of the
Benefitted Land, and this Covenant and Agreement shall run with the land and shall be
binding upon the heirs, successors and assigns of the Covenantors. .
3. The City of Arcadia in its capacity as Covenantee and in its capacity as
the legal representative of the residents ofthe City of Arcadia and more particularly as
the legal representative of all the owners of the Benefitted Land is hereby authorized to
enforce the provisions of this Covenant and Agreement.
4. If any section, subsection, sentence, clause, phrase or portion of this
Covenant and Agreement is for any reason held to be invalid or unconstitutional by the
decision of any court of competent jurisdiction, such decisions shall not affect the
validity of the remaining portions of this Covenant and Agreement.
IN WITNESS WHEREOF, Covenantors have executed this instrument on the
date shown opposite their signatures.
[SIGNATURES ON NEXT PAGE]
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Dated: (Jc:t,; k-v "3 ( , 2006
Dated:
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,2006
APPROVED AS TO FORM:
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Stephen P. Deitsch
City Attorney
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"COVENANTORS"
("RICH ARCADIA, LLC")
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~~h, Manager
"COVENANTEE"
"CITY OF ARCADIA,
a Municipal Corporation
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William R. Kelly
City Manager
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ACKNOWLEDGMENT
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State of California )
County of Lo'i ,4v,.f.J.,.c ~
On ()c..f-o Gvv 3/. 20,,(., before me. tJ~ t<.1/4-;,1"".........., Notary Public, personally
appeared / ),... <"~ ~L W. 7>.c /J. ,
personally known to me (or proved 0 me on the basis of satisfactory evidence) to be the
personEs)-whose name{s) is/.w:e subscribed to the within instrument and acknowledged to me that
he/w('lthq executed the same in hislfterJtheir authorized capacity~; and that by hislhc;rltlleir
signature(s+ on the instrument the person(~, or the entity upon behalf of which the person~s-)
acted, executed the instrument.
WITNESS my hand and official seal.
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_@ . CommIsIIon #1641138
NotarY I'\IbIlc: . CallfomIa
\.01 AngeIea COI.flty -
My Comm. &.pires feb 4, 2010
Signature: ~ ;2, {/4~ _
My Commission Expires: +"L lJ. La I '"
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(place notary seal above)
Assessor Map
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County of Los Angeles: Rick Auerbach, Assessor
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NO. 12834 Yt:E38s:~. WlLC: &....;.IviiCHAEL
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