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HomeMy WebLinkAboutD-2327 ~/ I'" tl '87~ 989993 RECORDED IN OFFICIAL RECORDS RECORDER'S OFFICE LOS ANGELES COUNTY CALIFORNIA MIN. 3 PM JUN 22 1987 PAST. . , I " RECORDING REQUESTED BY WHEN RECORDED MAIL TO: City Attorney City of Arcadia 240 W. Huntington Dr. Arcadia, CA 91006 AN 1 2 81 COVENANT AND AGREEMENT TO DEVELOP AND HOLD PROPERTY AS ONE PARCEL trEE $7 , l ,. FOR GOOD, VALUABLE AND ADEQUATE CONSIDERATION, receipt of which is hereby acknowledged, SPENCER TIEN, A MARRIED MAN, AS HIS SOLE AND SEPARATE, PROPERTY hereinafter referred to collectively as "Covenantors", hereby declares to be the owners of that certain real property located at ll92l Goldring Road in the City of Arcadia, County of Los Angeles, State of California~ legally described as follows: Lots l668 thru l675 and Lots l435 thru 1442 of Chicago Park Tract, in the City of Arcadia, County of Los Angeles, State of California, as per map recorded in Book 30 Page lOO of Miscellaneous Records, in the office of the Los Angeles County Recorder. Together with that portion of Goldring Road vacated adjoining Lots l673, l674 and l675. 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: 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 until released in writing by the City'of Arcadia. Any attempt to sell, convey or 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 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 ~1,wners of the Benefitted Land is hereby authorized to enforce the provisions of this Covenant and Agreement. GENERAL ACKNOWLEDGMENT NO. 201 State of CALIFORNIA On this the 17thdayof JUNE 19J7before me, , }ss, LOS ANGELES PAULINE M.IPPOLITO County of , . the undersigned Notary Public, personally appeared 87 989993 SPENCER TIEN , Xl personally known to me o proved to me on the basis of satisfactory evidence to be the person(s) whose name(ll) is subscribed to the 1 OFFICIAL SEAL within instrument, and acknowledged that he executed it. e PAULINE M ,PPOIJTO NOTARY PUBLIC - CALIFORNIA WITN ESS my hand and official seal. s." . LOS ANGELES COlmlY 9~Oh'~~ . My conim. expires APR 7. 1989 Notary's Signature 3 7110122 NATIONAL NOTARY ASSOCIATION. 23012 Ventura Blvd. . P.O. Box 4625 . Woodland Hilla, CA 91365-4625 # r , '! .' " :v 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 instrument on the date shown opposite their signatures. this "COVENANTORS" Dated: ' lo '\\,"- ~\ \ By~\1~ Spence 'n, a Marrled Man "COVENANTEE" City of Arcadia DatedJll/l1 /tIj /f&'l By ~~M~ GeOrg . t City Manager APPROVED AS TO FORM: Mm~ ;ili~ City Attorney , t t. . " . -2- 87 989993