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HomeMy WebLinkAboutD-2333 87-1377375 .LJ - .,.( '3 ~ ::f 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 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: / 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. ) ) ) 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 .."'."~ Cf3~~~ ,~.k1 ~ }!B3 '"' . . " l \) ~. .... It ,~ " " " , . " " , <- , ~ . B~ ' 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 I I' 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 -2- jJ this " . '''; "