In the event that the City of Culver City should, at any time in the future institute eminent domain proceedings with respect to any property, or a part of any property, which has been subject to covenants by the owner thereof in accordance with the provisions of §§ 15.10.770 or 15.10.790, the land shall be valued as though said covenants had never been imposed and the market value of the property shall be the value of the property, disregarding the effect of such covenants.
('65 Code, § 31-132) (Ord. No. CS-622 § 1 (part))