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87-1377375
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RECORDING REQUESTED BY AND
WHEN RECORDED MAIL TO:
City Attorney
City of Arcadia
240 W. Huntington Dr.
Arcadia, CA 91006
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RECORDED IN OFFICIAL RECORDS
RECORDER'S OFFICE
LOS ANGELES COUNTY
CALIFORNIA
MIN '
4 PAST. 8 A.M.AUG 27 1987
COVENANT AND AGREEMENT TO DEVELOP
AND HOLD PROPERTY AS ONE PARCEL
\ FEE $7
I
2 F I
FOR GOOD, VALUABLE AND ADEQUATE CONSIDERATION, receipt of
which is hereby acknowledged,
BONITA VILLAGE PARTNERS, A GENERAL PARTNERSHIP
hereinafter referred to collectively as "Covenantors" , hereby
declares to be the owners of that certain real property located
at 50-52 Bonita Street in the City of Arcadia, County of Los
Angeles, State of California, legally described as follows:
Lots 21 and 22 in Block 66 of Arcadia Santa Anita
Tract, in the City of Arcadia, County of Los
Angeles, State of California, as per map recorded
in Book l5, Pages 89 and 90 of Miscellaneous
Records in the Office of the County Recorder of
said County.
all of which aforedescribed is hereinafter referred to
collectively as the "Affected Land" hereby agree and covenant
wi th 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:
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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
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 ~he decision of any court of
competent jurisdiction, such decisions shall not affect the
validity of the remaining portions of this Covenant and
Agreement.
CORPORATION AS A PARTNER OP A PARTNERSHIP
.
COUNTY OP LoS ArrjeJes
On \ JW~ 13, IC(,PY 7
said sta personally appeared
and personally known to me or vsd to me on
the basis of satisfactory evidence} to be the person(s} who executed the within instru-
ment as /l..fDill/DUA-L and PRt"'5) JJ::e^-lJ'"
on behalf of the corporation therein named. said corporation being personally known to
me (or "'pz:>..!!d to me on the basis of sa~sfacto~ evidenoe) to be one of the partners .
of ,- PLJAJff/lII/IkllEe' '/tRJ7.Je. the partnership that executed the within
instrUment, and acknowledged to me that the corporation executed it,as a partner, and
that the partnership executed it.
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as.
,d S'l'ATB OP CALIFORNIA
,
....,<"'"
, WITNESS lI\1 hand and officfal seal
(aeal)
.. . OFFICtALSE.AL
,'.'. REBECCA L BANOS
Ii 0. : NOTARY PUBLIC-CALlFOANIA
\ ,,",, W LOS ANGELES COUNTY
~'Y CQMM_ EXP. MAR. 16.1990
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V-Cnien Hsin President, Partner
pier Development Group Inc.
IN WITNESS WHEREOF, Covenantors have executed
instrument on the date shown opposite their signatures.
"COVENANTORS"
BONITA VILLAGE PARTNERS,
A GENERAL PARTNERSHIP
Dated:
7fi>/1
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Dated: ) - "2-) - ~ 7
ner
Group Inc.
"COVENANTEE"
City of Arcadia
Dated: y:...?-i7
,
By
APPROVED AS TO FORM:
87-137(375
't1ti. JL~pg
City Attorney
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