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HomeMy WebLinkAboutD-2436 "'..., ~IU:~IV..J OJ "'- r...:sf:> RECOROED IN OFFICIAL RECORDS RECORDER'S OFFICE LOS ANGELES COUNTY CALIFORNIA 4 P~~~. 8 ~M, OCT 5 1990 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City Attorney City of Arcadia 240 W. Huntington Drive Arcadia, CA 91006 COVENANT AND AGREEMENT TO ,DEVELOP AND HOLD PROPERTY AS ONE IPARCEL FOR GOOD, VALUABLE AND ADEQUA'fE CONSIDERATIC.'N, which is hereby acknowledged. ~EE $-21 3 s 1 ,,.: ,.'. I~. . rece3.pt: of I DANIEL L. HANSON AND SUSAN HANSON, Trustees of the Daniel L. Hanson and Susan Hanson Living Trust, Dated March 13, 1986 hereinafter referred to collectively as' "Covenantors", hereby declares to be the owners of that certain real property located at 16 and 22 W. Sierra Madre Boulevard in the City of Arcadia, County of Los Angeles, State of California; legally described as follows: Lots 24 and 25 of Tract 7473, in the City of Arcadia, as per map recorded in Book 93 Pages 51 and 52 of Maps, in the office of the County Recorder of said County. all of which is hereinafter referred to collectively as the "Affected Land" and is reflected in the attached map (Exhibit "A") incorporated as part of the Covenant and Agreement hereby agree and convenant with the City of Arcadia, a Municipal Corporation (hereinafter referred to as the "Covenantee") on behalf of and for the benefit of the Covenantee's land, which is the public street and right-of'.way adjacent and contiguous -to tha Affected Land, a~id 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: 1. The Affected Land 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 released in writing by the city of Arcadia. Any attempt to sell, conveyor assign less than the entire parcel shall be a nullity and of no effect and the Covenantee is hereby authorized to bring an action in a competent court to set aside and have declared null and void such attempted sale, conveyance or assignment. In the event of such legal actions, Covenantors or their successors or assigns shall be liable for the reasonable attorneys' fees of Covenantee. 2. This Covenant and Agreement, is' for the benefit of the 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 of the 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 r~ason 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. (to State of Cal1forma ~ '. Count)' of La:::. ~ qe- ,-', 'On ~~w dBj\q'qD. before me~ the ~ers gned coUnt)' state, personall7 appeared' - IWIVm1AL :r ) ~ SS. a DOtarr publio 1n and tor ea1d -.r per80~ knO'om to me (or proved to me on the baslll ot saUsta.oto1'7 evidence to be the personCs) Wose nameCs) is/are subsoribed to the within 1nstn=ent and aokDovledpd thAt eaicl person(s) executed the same. (r ~ D1T band andot!1cial seal : (Seal) ; OffIC~ S{Al. Q LYSETTE FREEMAN : ' NOTARY l'IJ8L1WllfORNIA .' ! _Qi PRINCIPAL OffiCE IN , '. > . LOS ~NGmS Cll\lHTY (~ ~...... 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