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Home My WebLink AboutD-2385 . ..... . ,--- - ~ ',"",/' 88-1985420 I " ~~~ RECORDING REQUESTED BY AND WHEN RECORDED ~AIL TO: City Attorney City of Arcadia 240 W. Huntington Dr. Arcadia, CA 91006 RECORDED IN OFFICIAL RECORDS RECORDER'S OFFICE LOS ANGELES COUNTY a. CALIFORNIA 4 P~~~. 8 A,M. DEe 13 1988 COVENANT AND AGREEMENT TO DEVELOP AND HOLD PROPERTY AS ONE PARCEL [FgE $11 I 4 V I FOR GOOD,I VALUABLE AND ADEQUATE CONSIDERATION, receipt of which is hereby acknowledged, FOOK-YUAN JIANG AND SHIOW-ER JIANG, HUSBAND AND WIFE, LUNG-YEN HORNG AND TSAI-SHIOW HORNG, HUSBAND AND WIFE AND CHAO-MING CHEN AND CHIA-ZUNG CHEN, HUSBAND AND WIFE hereinafter re'ferred to collectively as "Covenantors", hereby declares to be the owners of that certain real property located at 148-150 Diakond Street in the City of Arcadia, County of Los Angeles, Statelof California, legally described as follows: Lots 24 and 25 in Block 64, as part of Arcadia Santa Anita Tract in the City of Arcadia, County of Los Angeles, State of California, as per map recorded in Book 15 Page 89 and 90 of Maps in the office of the Los Angeles County Recorder. , all of which aforedescribed is hereinafter referred to collectively as the "Affected Land" and is reflected in the attached map (Exhibit "A" incorporated as part of the Covenant and Agreemen8,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 ail 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 I or assigned separately or legally divided until released in wr~ting 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 briqg an action in a competent court to set aside and have declared'- null and void s'uch attempted sale, conveyence or assignment. -- In the event of such legal actions, Covenantors or their successors or assigns shall be liable for the reasonable attorneys' fees of Covenantee. 2. This Covenant and Agreement is for the benefit of the Covenantee and lits 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 ~ore particularly as the legal representative of all the owners I of the Benefitted Land is hereby authorized to enforce the provisions of this Covenant and Agreement. (Attorney in fact) '. STATE OF CALIFORNIA COUNTY OF LOS ANGELES ss. - , J J f On this -z,,'; day of.flcemho", in the year 1988, before me June D. Alford, a Notary Public in and for said County and State, personally appeared Tsai-Shiow Horng, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to this instrument as the attorney in fact of Lung-Yen Horng, and acknowledged to me that she subscribed the name of Lung-Yen Horng thereto as principal, and her own name as attorney in fact. WITNESS my hand and official seal. . OFFICIAL SEAL JUNE 0 ALFORD ." NOTARY puspc .. CALIFORNIA LOS ANGELES COUNTY ' My comm, ex~s ~~ 2:,1990J} ~88-1985420 !n.L - ...;J) ne D. Alford, N ry P b ic , . . /' DIDIVnl1AL "' State ot Calltorn1a . ' .. ~ty ot ~) ~G>,> . 011. :y,Q. c:.. 1 ,( e W' . betore me ~ 'theuncSers1sned, a ZlOtarT p.1bllo 111 and tor said county and sta~, pe~so~~red:r,,,,:,<. -E, '- ~-h;D'0 . ~ 0 y'V'\ c."t ' - I . ' ~ _ ~..,.-= .personalty known to me ( proved to IllS on 'the 18 ot satistactol'1 evidence) to be 'the person(s) whose -(s) b/are subsoribed to 'the with1n inst:ument and ackDovledged tb&t , . ad.d person(s) executed the same. ._--.- ) ~ 55. . llI'lNESS IftJ' ~ and ,otnc1&l seal '(Seal) @ . 0FRaAl.SEAl. JENNIFER RENSHAW I NOTARY PUBLtC . CALlFORNtA , PRINCIPAL OFFICE IN ~ . I LOS ANGELES COUNTY " My Commission E.p. Dee, 17, 1991 ~~ (QwS, ~ ~ , , I .j 7/& 88-1985420 . - , :2 4. If any section, subsection, sentence, clause, phrase or portion of this Covenant and Agreement is for any reason held to be invalid or lunconstitutional by the decision of any court of competent jurisdiction, such decisions shall not affect the validi ty of Ithe remaining portions of this Covenant and Agreement. IN WITNESS WHEREOF, Covenantors have executed instrument on the date shown opposite their signatures. this "COVENANTORS" By q/l~ Husband Dated: I.:>. -( -.9~ Dated: I~ -I - g-g B~-~ Shiow-Er ng ife ,- Dated: (~-- / 6~ BY~-~/~ ~ )?un~-~l &orng, Husb d . b/f ~/~~W1~._, Dated: (d-_'( M By I). -/ - I-cF BY~ Chao-Ming (, ~-~ Chen, Husban Dated: -' ,l Dated: /0-1- p-r B(f',- --~~--~ All ia-Zung en, wife , . '. "COVENANTEE" City of Arcadia - (\ Dated: /,;?-s--YJ' ,y.:!Ir!<<!~ City Man ger O' . APPROVED AS TO FORM: ~o<!i fJM~ City Attorney -2- I -. 88-1985420 ," I SL' ",- 5C 50 j~ 5C ~~..i 50 SC :...0 50 lJ~ .;; , '" - , (liS)" . Ij 16 ',> .-., or <1', ~U' '" , 0/) c- w <5 g '0 II I'~ 13 1-1 /5 -- ~ " 0 f) '" t~ ~ '2 17 (~l/' - ,) ,_ I - ,.::.\ B (" J-\ D J J-\ d-- - ~ Q .-. (/H) C) IG ~') '3 (,;/.9./ (/23) (/25) ('2!)) 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