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Home My WebLink AboutD-2844 5 -Z AThis page is part of your document- DO NOT DISCARD - oftOs.4 20161360145 oi =,E �IP Pa es: f - �1=# II I I I I I III I I II I I I II I II 0006 � VI IIIII RecordedlFiled in Official Records Recorder's Office, Los Angeles County, �� California 'x � x 11/02/16 AT 03:OOAM ti "` `�"9q i „ r....3.✓ FEES: 30.00 TAXES: 0.00 Nov 2 P : : OTHER: 0.00 PAID: 30.00 CITY OF rT iA r A A 11111111 III Ii I II I II I I II I I �� IIIII ! II� III I 111 I i li I I I II I ii LEADSHEET 201611020240028 00012878695 III liii II I I II III II 11111 I III 007919143 SEQ: 07 DAR - Title Company (Hard Copy) 111111111111111111 111111111111111 1111111 III III 1111 III Il Iliii liii III 1111111 IIII I liii IIIII1111111111III A THIS FORM IS NOT TO BE DUPLICATED R27 A E464790 RECORDING REQUESTED BY CITY OF ARCADIA 11/02/2016 AND WHEN RECORDED MAIL DOCUMENT AND TAX STATEMENT TO: NAME Arcadia City Clerk 11 111 111 11 111 111 STREET *20161360145* ADDRESS P.O.Box 60021 - CITY,STATE& Arcadia,CA 91066-6021 ZIP CODE OYHVC HOUVt I rIIJ LINt rVK KtLVKUtti UJt VNLY SHARED PARKING COVENANT / This SHARED PARKING COVENANT ("Covenant") is entered into and effective / 0 �'`� , 20 / by and between Live Oak Development I,LLC a Nevada limited liability company(hereinafter referred to as the"Landlord") and Hastings Properties,LLC,a California Limited Liability Company dba Kids Love Play(hereinafter referred to as the "Tenant"),and the City of Arcadia,CA(hereinafter referred to as the"City"). RECITALS WHEREAS,pursuant to the conditions set forth in the CUP,the City of Arcadia specifies criteria which must be met in order to utilize a shared parking covenant to satisfy on-site parking requirements. A. Landlord and Tenant are parties to that certain lease dated March 19,2016(the"Lease"),for Suite/Unit 52 ("Premises")located at 52-54 E.Live Oak Ave,Arcadia,CA 91106("Building"). B. Landlord agrees to provide Tenant with reciprocal access to parking for other properties owned and managed by Landlord,all as hereinafter provided to satisfy the City's CUP requirements. NOW,THEREFORE,in consideration of the foregoing recitals and the mutual covenants contained herein,and for other good and valuable consideration,the receipt and sufficiency of which are hereby acknowledged,the parties hereto hereby agree as follows: 1. Reciprocal Parking.In addition to the spaces provided in the parking lot areas designated for the Premises in accordance with Section 2.5 of the Lease,Tenant shall have access to and use of parking for the property currently owned and managed by the Landlord at and proximate to the Building. Said property is located at 30-40 E.Live Oak Avenue,Arcadia(APN 8573-023-009). The property on which the Premises are located,52-54 E.Live Oak Avenue,Arcadia is APN 8573-023-006(legal description of the properties attached hereto as"Exhibit A").Any properties described in Exhibit A other than 52-54 E. Live Oak Avenue,Arcadia(APN 8573-023-006)and 30-40 E.Live Oak Avenue,Arcadia(APN 8573- 023-009)shall not be included under the terms and conditions of this Covenant. „ • O a 2. The parking spaces referred to in this Agreement have been determined to conform to current City of • „ € y Arcadia standards for parking spaces,and the Landlord agrees to maintain the parking spaces to meet a o n § 3 9, those standards. 710 1 131'1i5 o o m c 3. The Parties understand and agree that if for any reason the shared parking spaces are not maintained for < • -d °v use by the Tenant,the Tenant or its successor will be required to reduce or cease operation and use of the n 3 o a Premises as may be required by the City in order to bring the property into conformance with City's . a N _ parking space requirements. --- --� • 4. The property or portion thereof on which the parking spaces are located will not be made subject to a gt any other covenant or contract for use which interferes with the Tenant's parking use,without prior written consent of the City. 5. The provisions and conditions of this Agreement shall run with the land for those properties referenced in paragraph 1 of this document and be enforceable against successors in interest and assigns of the signing parties,unless terminated by the City. 6. This Covenant shall continue to be binding and in effect during the term of the Lease and any extension thereof,and shall not be amended or terminated,without the prior written approval of the City.Notwithstanding the aforementioned,the Covenant shall automatically terminate at the same time the Lease terminates,without approval of the City required therefore;provided however,that the City's Community Development Administrator shall be notified in writing of the lease termination promptly upon termination of the lease. �� 7. No Other Modification.The Landlord and the Tenant agree that their Lease shall remain in full force and effect. To the extent of any inconsistency between the terms and conditions of the Lease and the terms and conditions of this Covenant,the terms and conditions of this Covenant shall apply and govern the Landlord and the Tenant. "EXHIBIT A" LEGAL DESCRIPTION PARCEL 1: Lots 4 to 6 inclusive and 10 to 12 inclusive of Tract No. 15628, in the City of Arcadia, County of Los Angeles, State of California,as per Map recorded in Book 354, Pages 24 and 25 of Miscellaneous Maps, in the Office of the County Recorder of said County. PARCEL 2: Lots 3 of Tract No. 13623, in the City of Arcadia, County of Los Angeles, State of California, as per Map recorded in Book 278, Page 29 of Miscellaneous Maps, in the office of the County Recorder of said County. Together with the portion of Live Oak Avenue vacated by order no. 2558 recorded December 4, 1947 in Book 25874, Page 237, Official Records of said County, Title to which would pass with a conveyance of said Lots. , THE FOREGOING IS HEREBY AGREED TO,ACCEPTED,CONFIRMED,AND ACKNOWLEDGED THIS -et l'. DAY OF 0c /06 e r 2016. LANDLORD: TENANT: Live Oak Development I,LLC Hastings Properties,LLC,a California Limited a Nevada limited ha ility company Liability Company dba Kids Love Play By: , N/ By: .d''''.� f' andra Yu Hui Wu Dr.Richard Sun ,,% / Pres.dent/Owner Managing Member `% V. By Patty Pei-Yun Wu Co-Owner A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document, to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. // STATE OF 6.1 i'"7•LtYr i A/ COUNTY OF icys , r9 1�>/e On . c,/c/. C,/17' before me, Sc nLfel Kea? y} N 6frir� t1i4/1 C , (Date (Nart'fe and title of tb�officer) personally appeared + Pe;`f q II r V i,4 : 54h title( rq 140 't - ,who proved to me on the basis of (Name of on signing satisfactory evidence to be the persons)whose name(s)is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s)on the instrument the person(s), or the entity upon behalf of which the person(s)acted,executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. i Signature o officer *There are various types of deed forms depending on each person's legal status.Before you use this form you many want to consult an attorney if you have questions concerning which document form is appropriate '"' for your transaction. ��'+� :: . SAMUEL KUO ` Comm. #2064274 {� Notary Public•Californian '" „Z7 ` r Los Angeles County �•?„T Comm.Expires Apr 12-,2478 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. STATE OF CALIFORNIA COUNTY OF 4,1 s Al(1 ELLS }S.S. L On 06:1-0 &A( 02 I ��/� ,be re me, �- l�! �► /4°"1 01 y personally appeared `( Oki!Z a IA who proved to me on the basis of satisfactory evidence to be the personO whose name(if is/aie subscribed to the within instrument and acknowledged to me that he/slre4fey executed the same in his r/tkeir authorized capae ty(i), and that by his/httir signature( on the instrument the person(s), or the entity upon behalf of which the person( acted, executed the instrument. I certify under PEN• ' Y OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. , WITNESS is 1100,4`icial seal. JOAN OUAN Signatur- (Seal) 41#10k, Notary PutAic-California & � Los Angeles County z VrAil'P Commission#2147486 's° M Comm.Expires Apr 21,2020