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RECORDING' REQUESTED BY AND
WHEN RECORDED MAIL TO:
City Attorney
City of Arcadia
240 W. Huntington Dr.
Arcadia, CA 91006
86:"1738806
RECORDED IN OFFICIAL RECORDS
RECORDER'S OFACE
LOS ANGELES COUNTY.
CAUFORNIA
4, MIN. 8 A.M.DEC 15 1986
PAST.
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[tee $7
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COVENANT AND AGREEMENT TO DEVELOP
AND HOLD PROPERTY AS ONE PARCEL
FOR GOOD, VALUABLE AND ADEQUATE CONSIDERATION, receipt of
which is hereby acknowledgdd,
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F. J. & M., Inc., 'j\ California Corporation
hereinafter referred to collectively as "Covenantors" , hereby
declares to be the owners of that certain real property located
at 11911 Goldring Road in the City of Arcadia, County of Los
Angeles, State of California, more specifically described as
follows: '" '.,
Lots 1429, 1430, 1431, 1432, 1433, '1434 and 1662,
1663, 1664, 1665, 1666 and 1667 of Chicago Park, in
the City of Arcadia, in the County of Los Angeles,
State of California, as per map recorded in Book
30, Page 100 of Miscellaneous records, in the
office of the County recorder 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.
, CORPORATE ACKNOWLEDGMENT
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Covenant & Agreement to Develop & Hold as One Parcel NO, 202
State of California } 55. On this the 8th day of December 19 86, before me,
County of Los Angeles, Sandra Devine
,
the undersigned Notary Public, personally appeared
John Hsieh
,
I't personally known to me
0 proved to me on the basis of satisfactory evidence
to be the person(s) who executed the within instrument as
9) OFFICIAL SEAL President or on behalf of the corporation therein
SANDRA DEVINE
, NOTARY PUBLIC. CALIFORNIA named, and acknowledged to me that the corporation executed it,
LOS ANGELES COUNTY WITNESS my hand and official seal.
My comm. expires OCT 4. 1988 J~~-~.,
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N'otary's Signature -
7120 122
NATIONAL NOTARY ASSOCIATION. 23012 Ventura Blvd. . P.O. Box 4625 . Woodland Hills. CA 91364
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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.
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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 show opposite their signatures.
"COVENANTORS"
F. J. & M. Inc., A California Corporation
Dated: !~(rI!Pt
"COVENANTEE"
City of Arcadia
Dated: /cP-/eJ-rfY;
By
APPROVED AS TO FORM:
JJ1:!:ilef1~
City Attorney
86-1738806
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