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31636
RECORDING REQUESTED BY F 0
WHEN RECORDED MAIL TO:
City Attorney
City of Arcadia
240 W. Huntington Dr.
Arcadia, CA 91006
RECORDED IN OFFICIAL RECORDS
RECORDER'S OFFICE
LOS ANGELES COUNlY
CALIFORNIA
MIN. 9 A M.JAN 101985
PAST.
I FEE $7 I
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1.
COVENANT AND AGREEMENT TO DEVELOP
AND HOLD PROPERTY AS ONE PARCEL
FOR GOOD, VALUABLE AND ADEQUATE CONSIDERATION, receipt of
which is hereby acknowledged,
THE DRACO, a California Limited Partnership,
hereinafter referred to collectively as "Covenantors" , hereby
declare they are the owners of that certain real property located
at 11625 Goldring .~oad in the City of Arcadia, County of Los
Angeles, State of California, legally described as follows:
Lots 1584 through 1589 in the Chicago Park 7ract, in the City of
Arcadia, as per map recorded in Book 30 Page 100 of Miscellaneous
Records, in the Office of the County Recorder of said County.
Except therefrom the southwesterly 5 feet as conveyed to the City
of Arcadia for street purposes, by deed recorded March 12, 197(
as Instrument No. 2568.
all of which aforedescribed is hereinafter referred to
collectively as the "Affected Land" hereby agree and covenant
with the City of Arcadia, a Municipal Corporation (hereinafter
referred to as the "Covenantee") on behalf of and for the benerit
of the 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:
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, conveyence or assignment, In
the event of such legal actions, Covenantors or their successors
or assigns shall be liable for the reasonable attorney's fees of
Covenantee.
2. This Covenant and Agreement is for the benefit of the land of
and shall inure to 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 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.
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STATE OF CALIFORNIA
COUNTY OF Los AnQe 1 es
lSS,
January 4, 1935
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On
before me, the undersigned, a Notary Public in and for said
Counly and Stale, personally '!Pyeared
H5UEH-CHIEN FU and ~RANKLIN P. WA~G
known to me
(or proved to me on the basis of satisfactory evidences) to be
2 of the partners of the partnership that executed the
within instrument, and acknowledged to me that such partnership
executed the same.
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Signature
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INVESTORS TITLE COMPANY
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FOR NOTARY SEAL OR STAMP
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OFFICIAL SEAL
. NANCY SING
C< ,,~:!. NOTARY PU8UC - CALIFORNIA
, LOS Ar.GEL:S COUNTY
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IN WITNESS WHEREOF, Covenantors have executed this
instrument on the date show opposite their signatures,
"COVENANTORS"
The Draco
A California Limited Partnership
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\:,\LU:h-chlen Fu
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Franklin P. Wang
Dated: Jan. 3, 1985
Dated: Jan. 3, 1985
"COVENANTEE"
City of Arcadia
BY~ ~~
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City Manager
Dated: /-7-J's--
APPROVED AS TO FORM:
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1!ltd H. lll[()
City Attorney
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