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WHEN RECORDED MAIL TO: <br />City Clerk <br />City of Riverside <br />City Hall, 3900 Main Street <br />Riverside, CA 92522 <br />Project: 3221 Iowa Avenue <br />APN: 250- 080 -006 <br />DOC # 2010- 0233004 <br />05/20/2010 08:00A Fee:NC <br />Recor Page 1 of a <br />ded in Q {ficial Records <br />County of Riverside <br />Larry W, Ward <br />Assessor, Cou nt Y Clerk & Recorder <br />111111111111111111 IN 101 <br />11119 <br />AGREEMENT) <br />COVENANTS, CONE <br />(DUTY TO MAINTAIN EXTERIOR PROPERTY APPEARANCE) <br />THIS COVENANT AND AGREEMENT AND DECLARATION OF RESTRICTIONS <br />is made and entered into this 3rd day of May , 2010, by Iowa Properties, <br />Inc., a California corporation ( "Declarant ") and the Redevelopment Agency of the City of <br />Riverside, a public body corporate and politic ( "Agency "), with reference to the following facts: <br />A. Declarant is the fee owner of the real property in the City of Riverside, County of <br />Riverside, State of California, located at 3221 Iowa Avenue, Assessor's Parcel Number 250 -080- <br />006 and legally described in Exhibit "A" attached hereto (the "Property "). <br />B. Agency has paid Declarant the sum of Twenty-Five Thousand Dollars ($25,000) for <br />the improvement of the parking lot in exchange for this Agreement and Declaration of <br />Covenants, Conditions and Restrictions ( "Covenant "). <br />C. In order to maintain and enhance the appearance of commercial properties within the <br />Hunter/Park Northside Redevelopment Project Area, and in particular, the Property, the Agency <br />and Declarant desire to execute and record this Covenant which places certain restrictions on the <br />exterior property to ensure its continued appearance. <br />NOW, THEREFORE, Declarant hereby covenants and agrees with the Agency that the <br />Property is, and shall hereafter be held, transferred, sold, conveyed, hypothecated, encumbered, <br />leased, rented, improved, used and occupied subject to the following declarations, limitations, <br />covenants, conditions, and restrictions for any portion of the Property: <br />1. Standard of Maintenance. <br />Declarant shall maintain the Property in "Good Repair." "Good Repair" shall <br />mean in a clean, neat, orderly and safe condition in which the maintenance is not deferred and <br />the overall appearance is of the highest quality, consistent and compatible with the highest <br />standards of the City of Riverside business community, and shall include, but not be limited to, <br />