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HomeMy WebLinkAboutPM 1998-15 - Agreement/Covenant - 8/11/2006 (4) x s PLEASE CONFOHNI 02/26/1999,19990030542 ffiff VW I ABOVE SPACE FOR RECORDER'S USE Parcel Map No. 98-15 Public Works Department PW File No. 5494 City of Fresno STATEMENT OF COVENANTS AFFECTING LAND DEVELOPMENT FOR UNDERGROUNDING OF UTILITIES ON PARCEL MAP NO. 98-15 RECITALS A. STEPHEN INVESTMENTS, INC., a CALIFORNIA CORPORATION, hereinafter referred to as"the Covenantor", is the owner of that certain real property in the City of Fresno, County of Fresno, State of California, hereinafter referred to as"the subject property" and more particularly described as Parcel Map No. 98-15, recorded in Book of parcel maps, Pages and , Fresno County Records; and B. The Covenantor hereby warrants that any and all parties having record title interest in the Subject Property which may ripen in to a fee have subordinated to this instrument; and C. All such instruments of Subordination, if any, are attached hereto and made a part of this instrument; and D. A condition of approval of Parcel Map No. 98-15 is a requirement that the Covenantor remove all existing overhead utilities and place said utilities underground; and E. The Covenantor has submitted a request to defer the undergrounding of utilities to an undetermined later date; and F. The Covenantor and the City of Fresno desire to enter into an agreement providing for the deferral and later construction of the underground utilities. STEPHENW.GAW s COVENANTS. CONDITIONS AND RESTRICTIONS The Covenantor hereby covenants that the Subject Property shall be held, conveyed, encumbered, used, occupied, developed, maintained and improved subject to the following covenants, conditions, and restrictions, which are for the purpose of enhancing attractiveness, usefulness,value,desirability and safety of the Subject Property, the surrounding property, and the public at large, and to minimize possible adverse effects on the public health, safety, peace,and general welfare. Each of the covenants,conditions and restrictions contained in this Statement shall run with the subject property and shall be binding upon and inure to the benefit of each successive owner of the Subject Property and his heirs, successors and assigns during his ownership thereof. 1. The Covenantor agrees to waive the right to protest and agrees to support any improvement district or underground utility district formed for the purpose of undergrounding the existing overhead utilities; and 2. The Covenantors agrees to install conduit of sufficient size and number(to be determined by the utility companies) to accommodate the future undergrounding of existing overhead utilities upon written notice by the Director of Public Works or agrees to reimburse the district for all costs associated with the installation of the required conduits; and 3. In the event that the Covenantorfails to install the prescribed conduits or pay the cost and expenses of conduit installation, the costs and expenses of the installation shall be a lien on the subject property. The lien shall not be released until all such costs and expenses, including accrued interest, are paid in full. 4. The conditions of this Statement are intended to benefit both the Subject Property, the public and public properties. According, it is agreed that the City of Fresno shall have the right to enforce this Statement by any legal or equitable means against the Covenantor and such person or persons in actual possession of the Subject Property who directly or who through any agent violate the terms hereof. The City shall be entitled to costs and reasonable expenses and fees, including reasonable attorney's fees,which may be incurred in successfully enforcing this Agreement against the Covenantor. -2- STEPHEN[W.GAW 5. The Covenant shall be released and of no further effect upon a written determination by the undersigned and the Director of the Public Works Department of the City of Fresno that its continued existence and enforcement are no longer necessary. 6. The provisions of this Statement shall be deemed independent and severable and the invalidity or partial invalidity or unforceability of any one provision or portion thereof shall not affect the validity or enforceability of any other provision hereof. Whenever the context of the statement so requires, in interpreting this Statement, any gender includes the other genders, the singular includes the plural and the plural includes the singular. Dated:a,A- og, /g� — ACCEPTED BY: COVENANTOR CITY OF FRESNO Stephen Investments, Inc., a municipal corporation a California Corporation By By: John A. White tephen Pilibos ublic Works Director President Mailing Address: APPROVED AS TO FORM: 2141 Tuolumne, Suite A Fresno, CA 93721 HILDA CANTU ONTOY City Attome By: e //) uty (Attach Notary Acknowledgment) GAW/ems Stephenlnv.gaw 01/27/99 -3- STEPHENINV.GAW llll� r CLERK'S CERTIFICATION STATE OF CALIFORNIA ) ) ss. COUNTY OF FRESNO ) On February 24th, , 1999 , before me, Jocelyne Gueret personally appeared John A. White , Public Works Director personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) 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/theirsignature(s)on the instruments)the person(s),orthe entity upon behalf of the CITY OF FRESNO of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. REBECCA E. KLISCH City Clerk By eput -__-V SUBORDINATION The undersigned as holder of the beneficial interest in and under that certain Deed of Trust recorded on , 199 , in the office of the Fresno County Recorder in Book , page (Document No. ) of which the Deed of Trust in by and between as Trustor, , as Trustee, and , as Beneficiary, hereby expressly subordinates said Deed of Trust and its beneficial interest thereto to the foregoing Improvement Agreement. Dated: 199 (Attach Notary Acknowledgment) COVEN,MAS January 27, 1999 . '4' STEPHENINV.GAW State of California RIGHT THUMBPRINT(Optional) County of (?-/,L( FoP-N 1 A On 1 - a19 - 9R before me, KAREN L I2AjY,S 4 ,. No:Awy t1t3�IC (DATE) (NAMEITITLE OF OFFICER•I.s.'- DOE,NOTARY PUBLIC') personally appeared Y. SrF illI0 Ecv 1 k I ans INAMEIS)OF SIGNER(Sl) CAPACITY CLAIMED BY BIGNERIB) OINDIVIDUALIS) OCORPORATE �. personally known to me -OR- Oproved to me on the OFFICER(S) basis of satisfactory IT. evidence to be the OPARTNERIS) ❑LIMITED person04 whose name(V ❑GENERAL Is/afe subscribed to the ❑ATTORNEY IN FACT within instrument and OTRUSTEEIS) acknowledged to me that OGUARDIAN/CONSERVATOR he/she/t4wexecuted the ❑OTHER: same in his/loaf'/t#etr KAREN L. RAMSDEN authorized capacity(ies�, Comm.11179926 N and that by his/lei/ttf SIGNER IB REPRESENTING: NQMV NOTARY PUBLIC-CALIFORNIA signature(�4 On the (Name of Pereonle)or Entltyllee) Fresno Cennty ; instrumentthe person(*, Cafam,WIFoe Mal 13,2002 or the entity upon behalf of which the person(,. acted, executed the instrument. RIGHT THUMBPRINT(Optional) Witness my hand and official seal. (SEAL) (SIGNATURE OT RY) CAPACITY CLAIMED BY BIGNERIB) OINDIVIDUAL(S) OCORPORATE ATTENTION NOTARY OFFICER(S) The information requested below and in the column to the right is OPTIONAL. mTU!°' Recording of this document is not required by law and is also optional. It could, however, prevent fraudulent attachment of this certificate to any OPARTNER(S) ❑LIMITED unauthorized document. OGENERAL ❑ATTORNEY IN FACT THIS CERTIFICATE Title or Type of Document ❑TRUSTEEIS) MUST BE ATTACHED ❑GUARDIAN/CONSERVATOR TO THE DOCUMENT Number of Pages Date of Document ❑OTHER: DESCRIBED AT RIGHT: Slpner(e)Other Than Named Above SIGNER IB REPRESENTING: (Name of Person(s)or Entity(les) WOLCOTT$FORM 63237 Rev.3.64(price clue e•2A) 01004 WOLCOTTS FORMS,INC. ALL PURPOSE ACKNOWLEDGMENT FOR CALIFORNIA WITH SIGNER CAPACITY/REPRESENTATION/TWO FINGERPRINTS IIIIIIIII VIII I IIII II I 7 67775 63237 8