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the 'larking Struct:cn'.
P, There is presently existing on the Corner Parcel a
highrise office building owned by naclarant, which Seca•:
of its present size and design doss not provide sufficient
narking spaces to meet the City of E1 Segundo's oarkinq
requiraeents. One of the Conditions of the City of
11 Segvmdo in giving consideration to the final approval
of Tentati'.*e Parcel Vvy 11008 is whit adequate parking
spaces are orpvld+d for the rorner Parcel.
-.^'+ 77E?tROAE, D+c:arant hereby establishes the following
coo. rants, conditi•me .^.nd restrictions for the use, protect ton
and''>.xefit of the ,wr.ar if the e:c,mer Parcel. Fzch and ::L
of said covenants, renditions and restrictions shall Van with
the land, shall inure to the benefit of the Corner Parcel and
t'Pt r1ty of Tl Sr?u:teo, California and shell be binding upon
and pas: viii Cie +roperty or an., portion thereof.
1. The Omer of the correr Parcel or its successors or
assigns shall have the nonexclusive right to park no more
than 280 passenger vehicles within the Parting structure,
together with the nonexclusive right of ingrers and egress
to and within the Parking Structure. +.
2. the location of the harking spaces for said 229 passen-
ger vehicles shall be as reasonably designated fro-, tixe
to time by the Owner of the Parking Structure.
3, yor eeeh such parking space aetuall•• used, tM Owner
of the Corner Parcel shall pa; to the rwoar of the lar %i�,
Structure a _fee set by the &caner of tine -larking Stzjztar .
Such fee shall not exceed the rates actually charged to
others frpm. time to tine for parking in the Parking Structnr>
or reasonable market rates in existence from tine to tine
for enclosed office building parking space in the F.1 Se?un3o
area.
t. The Owner of the Parking Structure shall maintaLn the
Parking Structure in a clean condition and good repair in
the saws runner as owners of comparable parking structures
-^ f' is the el Segundo area.
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CITY OF EL SEGUNDO
Dof, January 30, 1980
70: City Councilmen
From: Planning Department
Subiea: Special Order of Business; Item B Covenants, Conditions & Restrictions
(CC &R's) Regarding Parking Rights for Existing Structures in Subdivision
6 -79, Parcel Map 11008
Gentlemen:
Tentative Parcel Map No. 11008 was approved by the Planning Commission
on January 24, 1980, with the following condition:
Applicant shall enter into an agreement with the City
in a form satisfactory to the City Council covenanting
that the parking garage located on Parcel No. 1 will be
available and shall provide the necessary parking for
the land uses located on both Parcel No. 1 and No. 2
and that the City receive a copy of the recorded document
for their files.
The subdivision will separate 898 Sepulveda, an existing eight -story
office building, from the parking structure to the rear of the building.
The purpose of the attached "CC &R's for Parking Rights" is to ensure
that all legally required parking for the office building will continue
to be provided. The provisions of the agreement more than meet City
parking requirements - 231 spaces are required for 898 Sepulveda, the
document gives the right to park 280 vehicles with the adjacent parking
structure.
The document has been reviewed by the City Attorney who recommends that,
if the agreement is to your satisfaction, a motion be made to that effect.
Respectfully,
W. L. C n
Associate Planner
rt
Recorded at the request of
and tirher recorded mail to
T;IE PRUDENTIAL INSURANCE
COMPANY OF AMERICA
2049 Century Park East, Suite 2550
Los Angeles, California 90057
Attention: Resident Attorney
DECLATIATION OF COVENANTS,
CONDITIOl•IS AND RESTRICTIONS
FOR Pty I KINC RIGHTS
THIS DECLAi2ATI01i OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR
PAP-XING RIGHTS is made this9"th day of February, , 1979, by
The Prudential Insurance Coll;nany of America, a Neva Jersey
corp0= a'tion, hereinafter cal. i ed - "Declarant" with reference
to the following facts:
A. Declarant is the owner of the real prope7ty described
in Exhibit "A" attached hereto, hereinafter aeferred to
as the "Property ".
Ii. Dec:i.aran•t's predecessor in interest, ll.�on Corporation,
has heretofore made a2 plicat ion to the City O.'' El Seaunclo,
California, for a resubdivision of Parcel. Map 2028
(Exhibit "N ") and has subI:aitted :COY approval TeIltative
Parcel 14ap 1.1008. It is Decla,:ant's intention to complete
the processing of said application.
(:, with the acqui li tion- of title 'tri the
P. fop 1-ty Decla r. arkt l s tit-le cods subject to a Deed of
Tru:i% ;aheveiin Oreat W:)..3t,: -2r11 Sltvirlq.,
1 and I+l)2111
Lion, a California corporation is Named Flenef- i.ciary.
D. Said Dee& of Trust contains a provision for the
ja:lrtia 1 reconveyance of a portion of said Property,
Which portion i^ describe d in Exhibit "B" attached
Hereto and is hereinafter referred to as the "Corner
Parcel";, p:rov ded, that the Beneficiary ohall not br:
gi)1.iC..:teC1 to I'.l;1ke any sur11 partial ro. ;Ionveyanco in
violation o£ the .Subdivision Map Pict or the "rite of
California :1.71 efI ect at tho tilitf± of such recon Jeyance.
li. [1ClJ::C: l to t:',e COLnr:i: Parcel and to the._- E=ist, is
a Ur! Si:nt1V 2xis "ting SE-:veit sLo.ry parking SLruc L.111'e GP.'Sli`i:
by Declarant, which facility is hereinafter referred to as
the "Parking Structure ".
F. There is presently existing on the Corner Parcel a
highrise office building owned by Declarant, which because
of its present size and design does not provide sufficient
parking spaces to meet the City of E1 Segundo's parkinrf
requirements. One of the Conditions of the City of
E1 Segundo in giving consideration to the final approval
of Tentative Parcel Map 11008 is that adequate parking
spaces are provided for the Corner Parcel.
J3ml ;iiERErORE, Declarant hereby establishes the following
covenants, conditiunn and restrictions for the use, protection
and benefit o` the Owner of the Corner Parcel. Each and all.
of said covenants, conditions and restrictions shall run with
the lane'., shall inure to the benefit of the Corner_ Parcel and .
the City of El Segundo, California and shall be binding upon
and pass with the Property or any portion thereof.
1. The Owner of the Corner. Parcel. or its successors or
assigns shall have the nonexclusive right to park no more
than 280 passenger vehicles within the Parking Structure,
together with the nonoyclusi.ve right of ingress and egress
'to aril within the Parking Structure.'
2. The location of the parking spaces for said 280'passen-
ger vehicles shall be as reasonably designated from time
to time by the Owner of the Parking Structure.
3. For each such parking space actually used, the Owner
of the Corner Parcel shall pay to the Owner of the Parking
Structure a fee set by the Owner or Glee Pal:l;ing Structure.
Such fee shall not exceed the rates actually nharged to
others from,time to time for parking in the Parking Structure
or reasonable market rates in existence from time to time
for enclosed office building parking space in the El Segundo
area.
d. The Owner of the Parking Structure shall maintain the
Parking Structure in a clean condition and good repair in
the same manner as owners of comparable parking structures
in the E.l Segundo aria.
-2-
5. Each and all. of these covenants, conditions and
.restrictions shall terminate forty years from the date
hereof,, provided, however, that these covenants, condi-
tions and restrictions shall be automatically extended
for successive periods of ten years, so long as there
exists on the Corner Parcel an office building or other
improvement which, under any applicable governmental
law, ordinance or regulation require approximately 280
parking spaces to be available in the Parking Structure.
The undersigned has executed this Declaration on the date
first above written.
THE PRUDENTIAL INSURIzNCE COMPANY
By
By
aOINDER IN DECLARATION
The undersigned hereby 'joins in the Miio going Declaration and
subordinates its right, title and interest in the Property
thereto. -
GREAT WESTERN SAVINGS & LOAN
ASSOCIATION
By j.
W. J. MeM'
F3y76
Annette R.
�lssi/stan Lice President
Evans, Assistant Secretary
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STATE OF. CALIFORNIA )
) ss
COUNTY OF LOS ANGELES)
On February 16, 1979 before me, the undersigned, a Notary Public
in and for said State, personally appeared James A. Jolly
known to me to be "tile Vice President, and Japes P. McGruder
known to me. to be the Assistant Secretary of the corporation
that executed the within Instrument, known to me to be the
persons who executed the within Instrument on behalf of the
corporation therein named, and acknowledged to me that such
corporation executed the within instrument pursuant to its
by -laws or a resolution of its board of directors.
WITNESS my hand and official seal.
Signature /- L,, .
STATE OF CALIFORNIA )
) ss
COUNTY OF LOS' ANGELES)
Or m"L W1
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FRIW -0 AL CMU M
LW AWFU3 OD"Ty
ccuu , E.PW ;ga,.16,1Mz
On Pob. 9 , 197 J before Ina, thu undeirsigned, A Notary Public
in ana for said State, personally appeared jq_,7, hir. p1_ LLAh
known to me to be UM7;
e+ss•r, vice rreszaent, ana ANNE'rIT R, EVANS - kno
to me to be the Asst. Secretary o- t�rporation
that executed the within Instrument, known to me to be the
persons who executed the within Instrument on behalf of the
corporation therein named, and acknowledged to me that such
corporation executed the within instrument pursuant to its
by -'laws or a re�-;q-lution of its board of directors.
WITNESS myhan5Yand officia./ 1'al.
, � �,.- -rye ur= �4'°?;.:�.'��K�rt�:.v."•:�� env ".svfi;�4',:i
SignatL`i i� s >� .ys= �i'l �.? <', t f?` VIRGIMA DR,*W IT
Virginia Dela 1f 1l, ,,o;.rvruaw•c -Ca:u
G14 .�.rr PRINCIPAL OFFICI IN
LOS ANGELES COJ 1N
?.'.y cmurn'raini, Exp. C>. 26. 1982
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DESCRIPTION
Parcels.1 and 2 of Parcel Map No. 2028, in the City of
E1 Segundo, County of Los Angeles, State of California,
as shown on man filed in Book 54 Page 45 of Parcel Maps,
in the office of the County Recorder of said County.
EXCEPTING all natural gas containel in or under or that
may be produced from said land, together with the exclusive
right to drill for and. produce such natural gas from said
land by whipstocking or directional drilling or other sub-
surface locations or an other land and the exclusive right
to use the subsurface of said land for the purpose of
.injecting natural gas therein for storage and for re-
pressuring the formations underlying said land, but with -
out the right of surface entry in any manner for the
purpose of discovering or extracting such natural gas as
conveyed to Standard Oil Company of California, a corpo-
ration, by deed recorded July 27, 1943, in Book 20145
Page 298, Official Records.
ALSO EXCEPT all oil, hydrocarbon and mineral substances;'
if any, except natural gas, contained in or under or that
may be produced from ^aid land, together with all those
certain rights reserved by and unto the first party in
that certa).n deed recorded in B00% 20145 Page 298, Offic.iL
Records, but without the right of surface entry for the
purposes of extracting any such oil, hydrocarbons and
mineral substances nor for any other purposes, as conveyed
to Chanslor- Canfield Midway Oil. Corapany, a corporation,
in Book 22243 Page 336, Official Records
EXHIBI`i` A.
LEGAL DESCRIPJ.'10N
That portion of Parcel 2 of Parcel Map No. 2026, in the City
of E1 Segundo, County of Los Angeles, State of California,
as shown on map filed in Book 54 Page 45 of Parcel Maps, in
the office of the County Recorder of said County described
as follows:
Beginning at the northerly terminus of that certain course
described as haling a bearing and length of "North 00° 04'
2" West, 101..56 feet" in the easterly line of the land
described in Parcel 60951 -1 (amended) in the Final Decree
of Condemnation, a certified copy of which was recorded
on November 15, 1976, is Instrument No. 4095; thence
northerly, continuing along said easterly line, 60.78
feet along a curve concave easterly and having a radius
of 2927.75 feet to the beginning of a second curve in the
boundary of said Parcel 60951-1 (amended) described as
being concave southeasterly and having a radius of 17.75
feet thence northeasterly, along said last mentioned curve
through a central angle of 881 48' 38 ", an arc distance of
27.51 feet to a point of tangency with the southerly line
of Walnut Avenue, 60.00 feet wide; thence North 890 59'. '10'.
East, along said Walnut ?venue; 91.18 feet; thence South
00° 03' 19" East, 167.79 feet; thence South 89° 59' 35"
West, 3.09.69 :1600 to said certain --ourse described as having
a length of 101.56 feet; thence North 00° 00' 40" Nest,
along said certain course, 89.62 feet to the point of
beginning.
EXHIBIT B