HomeMy WebLinkAboutD-2234
OiJ ~~~.1.\JI~
r
RECORDING REQUESTED BY
WHEN RECORDED MAIL TO:
City Attorney
City of Arcadia
240 W. Huntington Dr.
Arcadia, CA 91006
AND
RECORDED IN OFFICIAL RECORDS
RECORDER'S OFFICE
',. LOS ANGELES COUNTY.
~Q...
CALIFORNIA
21 MIN. q A.M.SEP 27 1985
PAST.
FEE $9
I
3 Jl
COVENANT AND AGREEMENT TO DEVELOP
AND HOLD PROPERTY AS ONE PARCEL
FOR GOOD, VALUABLE AND ADEQUATE CONSIDERATION, receipt of
which is hereby acknowledged,
WE POWER, INC., A California Corporation
hereinafter referred to collectively as "Covenantors" , hereby
declares to be the owners of that certain real property located
at 145-149 Fano Street in the City of Arcadia, County of Los
Angeles, State of California, legally described as follows:
Lots 12 and 13, Block 63 1/2, Tract 866 in the City
of Arcadia, County of Los Angeles, State of
California, as per map recorded in Book 16, Pages
198 and 199 of Maps in the office of the Los
Angeles County Recorder.
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 benefit
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:
I. 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.
CORPORATE ACKNOWLEDGMENT
State of
'-
County of
..,~.
. !Ii.'"'"
'~I
California
Los Angeles
} 55.
85-1131374
OFFICIAL SEAL
SANDRA DEVINE
NOTARY' PUBLIC - CALIFORNIA
lOS ANGELES C(),mTY
My comm. expires OCT 4. 1988
~...-;;:-:
2>
NO. 202
On th is the 19thday of
September 19~, before me,
Sandra Devine
the undersigned Notary Public, personally appeared
Joseph Tai
o personally known to me
I)l proved to me on the basis of satisfactory evidence
to be the person(s) who executed the within instrument as
President or on behalf of the corporation therein
named, and aCknowledged to me that the corporation executed it.
WITNESS my hand and official seal.
~a-l--& A/ J(j" 'J~A-?~)
Notary's Signature '
NATIONAL NOTARY ASSOCIATION. 23012 Ventura Blvd. . P.O. Box 4625 . Woodland Hills. CA 91364
,
JJ
IN WITNESS WHEREOF, Covenantors have executed this
instrument on the date show opposite their signatures.
"COVENANTORS"
WE POWER, INC. a California Corporation
Dated: ~. /l, /Pe9.f
By
Jo
e,~
President
"COVENANTEE"
City of Arcadia
Dated: 9'-/..(~J'J---
BYo~~A4
City Manager
APPROVED AS TO FORM:
, If ~
f[J~ It .IJJ
M~chael H. Miller
City Attorney
.,
.
..
.'
"
-2-
.,
'85-1131371