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HomeMy WebLinkAboutD-2269 ,- ~tj- l:S~tj' Iti\J RECORDING REQUESTED BY AND 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 COUNTY '1{l; CALIFORNIA 1 ~l~T, 10 A.M. JUL 1 1986 2 C I ~ [FEE $7 '" " I COVENANT AND AGREEMENT TO DEVELOP AND HOLD PROPERTY AS ONE PARCEL FOR GOOD, VALUABLE AND ADEQUATE CONSIDERATION, receipt of which is hereby acknowledged, JA-BIN HSU and JOAN-INN HSU, Husband and Wife hereinafter referred to collectively as "Covenantors" , hereby declares to be the owners of that certain real property located at 46-50 Fano Street in the City of Arcadia, County of Los Angeles, State of California, more specifically described as follows: Lots 22 and 23 in Block 68 1/2 of Tract 866, 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 afore described 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: 1. The Affected Land shall be held and developed as one parcel for the purpose of Planning and Building regulations and no portion thereof shall be voluntarily or involuntarily sold, conveyed or assigned separately or legally divided unless and 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. >- z : :;: o <.i '" <.i Z -< .. :;> '" ~ '" '" ... ;:: o " -< <.i i <.i I' . . ;;; } SS STATE OF CALIFORNIA COUNTY OF ,-,A On :Ii INF. :z...S;. I q ~b before me, the undersigned, a Notary Public in and for said County and State, personally appeared JA- BIN HSU E ,o)lrN - INN HSU .~ ;;; ~ personally known to mc, a proved to me on the basIs of satisfactory evidence. who~ name $ subscribed to the Within instrument and acknowledged that -rH I=- Y pxecuted the same, s;gnatu,,<.S~~-T~~ ... 'SIMON PONG -T5AtR L-E'c Name (Typed or Printed) Notary Public In and for said County and State 0FflCW. SEAl S111Ol1 OONG-TSAIR LEE M)TARY PU8UC . CAliFORNIA PRINCIPAL OFFICE IN LOS ANGEW COUNtY My eomm_ up, Oct, 6, 1986 1.111 MAINE INDIVIDUAL. FOR NOTARY SEAL OR STAMP " . . , IN WITNESS WHEREOF, Covenantors have executed this instrument on the date show opposite their signatures. Dated: i/;-ffi' , . Dated: ' 6~0 ." - ,('ero Dated :~/1 ):J t /78t APPROVED AS TO FORM: .1!l~ !~ City Attorney . ~ , ''\- "COVENANTORS" BY~~\ Ja-Bin Hsu, Husband By ,4a~r~ ft-~^- Jotf-Inn Hsu, Wi e "COVENANTEE" City of Arcadia By 86- 826763 -2-