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87-1656380
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RECORDING REQUESTED BY
WHEN RECORDED MAIL TO:
City Attorney
City of Arcadia
240 W. Huntington Dr.
Arcadia, CA 91006
","u RECORDED IN OFFICIAL RECORDS
RECORDER'S OFFICE
LOS ANGELES COUNTY
CALIFORNIA '.r.'
1 MIN. 10'AM OCT 151987
PAST. . .
2 SJ
1 FEE ~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 acknowledged,
ARCADIA PROPERTY ONE LTD., a California Limited Partnership
hereinafter referred to collectively as "Covenantors", hereby
declare they are the owners of that certain real property located
at 29-3l California Street, in the City of Arcadia, County of Los
Angeles, State of California, legally described as follows:
Lots 8 and 9 in Block 66, Arcadia Santa Anita Tract,
as per map recorded in Book l5, Pages 89 and 90 of
Miscellaneous Records, in the office of the Los
Angeles County Recorder.
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:
l. The Affected Land shall be held and developed as one
parcel and no portion thereof shall be volunt~rily 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 eyent of such legal actions, Covena~tors
or their successors or assigns shall be liable for the reasonable
attorney's fees ,of Covenantee. C '
2. This Covenant and Agreement is for the benefit of the
affected land 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.
PARTNERSHIP
STATE OF CALIFORNIA
COUNTY OF L ~ S 4- Nt: ELES
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55.
On ~ EfJ [ Ol ~..[ /117 ,before me, the undersigned, a notary public in and for aaid
state, personally appeared 1~/At~ /Vp-<!C ,
personally known to me (or proved to me on the basis of satisfactory evidence to be the
person that executed this instrument, on behalf of the partnership and acknowledged 'to,
me that the partnership executed it.
.
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WITNESS my hand and official seal
(Seal)
~ OFFICIAL SEAL
, HENRY EIZa NOGUCHI
In-, : NOiARY PUBliC ~ CALIFORNIA
LOS ANGElES COUNTY
, My camm. exPires JAN 28, 1991
3/83
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IN WITNESS WHEREOF, Covenantors have executed
instrument on the date shown opposite their signatures.
this
"COVENANTORS"
ARCADIA PROPERTY ONE LTD., a
California Limited Partnership
Dated: q-:l.3.-g7
By
cL~
Lipln
"COVENANTEE"
City of Arcadia
Dated: 9-d'tf-:<f'?
By ~..#~
Ge'o J. ~s
City Manag
APPROVED AS TO FORM:
midf~
Michael . Miller
City Attorney
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87-1656380
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