2976N Recording requested by
and when recorded mail to:
TPG-El Segundo Partners,LLC
Attn: Dennis Watsabaugh
515 South Flower Street, Sixth Floor
Los Angeles, CA 90071
COVENANT
(Buyer's Covenant Restricting Use of Property)
RECITALS:
A. TPG-El Segundo Partners, LLC, a California corporation ("Seller"), is the owner
of certain real property containing approximately five acres and located at the northeast corner of
Mariposa Avenue and Nash Street, in El Segundo, California and more particularly described in
Exhibit "A" attached hereto (the "Property").
B. Seller has agreed to sell to the City of El Segundo, a municipal corporation
("Buyer"), the Property on the terms and conditions of the Agreement of Purchase and Sale and
Escrow Instructions dated December 5, 2005 ("Purchase Agreement").
C. Section 10 of the Purchase Agreement requires that Buyer execute a covenant
which specifically restricts the use of the Property.
NOW, THEREFORE, in consideration of the foregoing, Buyer does hereby promise,
covenant and agree to the following:
1. Buyer shall restrict its use of the Property solely for the purposes of constructing,
operating, and maintaining a park and/ athletic fields for use by the public or similar public
facilities which are compatible with the improvements on Seller's adjacent property, such as a
police station or community center.
2. Buyer shall consult with Seller in developing plans and specifications for any
proposed buildings or structures on the Property in order to assure compatibility with existing
and proposed development on Seller's adjacent property, including,but not limited to, providing
appropriate landscaping and using materials and finishes which complement the improvements
on Seller's adjacent property; provided, however, that Seller shall not have any right of approval
over such buildings or structures.
3. The provisions of this Covenant shall survive for a period of thirty years.
4. This covenant and agreement shall run with the land and shall be binding upon
any future owners, encumbrancers, their successors, heirs or assigns.
- I -
Executed as of September 12, 2006.
BUYER:
CITY Y 0� 1,-,SEGUNDO, INC.,
i Icl t , i, '
A Cal 1. 11IL11 0a c rpoi-atj n-
By:
Kc ly McL)ow 1,1, yo
ATTEST:
Cindy M( delsell
1/1 C,l
City Clerk
APP11OVED AS TO FORM:
Mark D. Hensley, City Attorney
.2 -
September 12, 2006
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
On September 12, 2006, before me, Cathy Domann, Deputy City Clerk,
personally appeared Kelly McDowell, Mayor of the City of El Segundo,
personally known to me to be the person whose name is subscribed to on the
within instrument, and acknowledged to me that he executed the same in his
authorized capacity, and that by his signature on the instrument the person, or
entity upon behalf of which the persons acted, executed the instrument.
Witness my hand and Official Seal
Cathy Donna i, Deputy City Clerk
� m
EXHIBIT "A"
LEGAL DESCRIPTION OF REAL PROPERTY
B0785\0009\665173.3 03/10/04
9
A portion of the West Half of the Northeast Quarter of Section 7,Township 3 South,Range 14
West,in the Rancho Sausal Redondo as per map recorded in Book 70,pages 97 and 98 of
Miscellaneous Records, in the City of El Segundo, County of Los Angeles, State of California,
and being more particularly described as follows:
Beginning at the centerline intersection of Douglas Street, 150 feet wide, and Mariposa Avenue,
80 feet wide; thence along the centerline of said Mariposa Avenue, South 89° 59' 17"West
661.37 feet to the centerline intersection with Duley Road, 40 feet wide; thence North 00°07'18"
West 40.00 feet to the north line of said Mariposa Avenue and the True Point of Beginning;
thence North 00°00'00"East 429.89 feet to the beginning of a non-tangent curve, concave
northerly,having a radius of 325.00 feet, and to which beginning a radial line bears South
29°04'31"East;thence westerly 164.92 feet along said curve through a central angle of
29°04'31"; thence North 90°00'00"West 450.15 feet to the easterly line of the land as described
in Instrument No.78-1207074, of Official Records, recorded October 30, 1978 in the Office of
the County Recorder of said County; thence along said easterly line South 1°53'26"East 159.31
feet to the easterly line of Parcel `B" as described in Instrument No. 94-1978699, of Official
Records,recorded November 1, 1994 in the Office of the County Recorder of said County;
thence along said easterly line, South 1°54'05"East 205.77 to the beginning of a curve,concave
northeasterly and having a radius of 25.00 feet; thence southerly and easterly 38.45 feet along
said curve through a central angle of 88°06'38"to the north line of Mariposa Street; thence along
said north line,North 89'59'17"East 571.01 feet to the True Point of Beginning.
This Legal Description is not intended for use in the division and/or conveyance of land in
violation of the Subdivision Map Act of the State of California and is shown on accompanying
Exhibit Map, "Park Site"
LAND �+
a.
Douglas R. Howard PLS 6169 Date
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