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LEASE AGREEMENT
City of Renton to Northwest Seaplanes, Inc. (Parcel 608)
MONTH-TO-MONTH BUILDING & PREMISES
THIS LEASE (hereinafter "Lease") is made and entered into this 24th day of September, 2024,
by and between THE CITY OF RENTON, a Washington municipal corporation
(hereinafter "Landlord" or the "City"), and NORTHWEST SEAPLANES, INC., a Washington
corporation (hereinafter "Tenant").
In consideration of the covenants and agreements set forth in this Lease, Landlord and Tenant
agree as follows:
with:
1.GRANT OF LEASE:
l.a.Documents of Lease: The following document constitutes this Lease, together
Exhibit A -Lease Map and Legal Description
Exhibit B -Aircraft Laws and Regulations, RCW 47.68.250: Public Highways and
Transportation
l.b. Legal Description: Landlord hereby leases to Tenant, and Tenant leases from
Landlord for the term described in Section 3 below, PARCEL 608, on 608 West Perimeter Road,
Renton Washington] as more fully described in this Lease, with said parcels shown on Exhibit "A"
(lease map and legal description), which is attached hereto and incorporated herein by this
reference (hereinafter, "Premises").
l.c. Common Areas: Tenant, and its Authorized Representatives, subtenants,
assignees, and licensees, shall have the right to use, in common with others, on a non-exclusive
basis and subject to the Airport Regulations and Minimum Standards (as they may be amended
from time to time) pursuant to Section 8(e) below, the public portion of the Renton Municipal
Airport (aka Clayton Scott Field, hereinafter referred to as "Airport"), including the runway and
other public facilities provided thereon.
l.c.(1). Notwithstanding anything in this Lease to the contrary, Landlord acknowledges
that direct access to the taxiways and runway from the Premises is essential to the conduct of
Tenant's business on the Premises and, except during construction activities occurring on the
taxiways, runway or weather related events, Landlord shall ensure that Tenant and its
representatives, subtenants, assignees, agents, invitees, and licensees have direct access to the
taxiways and runway at all times during the Term.
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LEASE AGREEMENT
City of Renton to Northwest Seaplanes (Parcel 608)
LAG-24-006
LAG
legislation, rules, regulations, contingencies or risks, all compensation payable to the Landlord
for a third party's use of the improvements during the Term shall be paid to the Tenant, its
successors or its assigns.
2.d. Future Development/Funding: Nothing contained in this Lease shall operate or be
construed to prevent or hinder the future development, improvements, or operation of Airport
by Landlord, its agents, successors or assigns, or any department or agency of the State of
Washington or of the United States, or the consummation of any loan or grant of federal or state
funds in aid of the development, improvement, or operation of the Renton Airport, but
Landlord's exercise of such rights shall not unreasonably interfere with Tenant's rights under this
Lease.
2.e. deaning of Catch Basins and Oil/Water Separators: At Tenant's cost, Tenant shall
routinely inspect, and clean and remove all sediment and other debris from, the catch basins and
oil/water separators on the Premises. In doing so, Tenant shall comply with all applicable federal,
state, and local laws and regulations. Tenant shall provide Landlord with documentation of
inspection, cleaning, and removal.
3.TERM: The term of this Lease (the "Term") as to the Premises shall be for a month-
to-month term commencing on July 1, 2024 (hereinafter "Commencement Date"), and shall
continue on a month-to-month basis until such time as one party gives the other written notice
of termination, except that Landlord may terminate this lease upon not less than three days'
notice in the case of nonpayment of rent. Either party may, upon written notice to the other
delivered at least ninety (90) days before the end of the calendar month, terminate this lease
without cause at such effective date.
4.RENT /FEES/CHARGES:
4.a. Minimum Monthly Rent: Tenant shall pay to Landlord a Minimum Monthly Rent,
PLUS Leasehold Excise Tax as described in this section, below, without deduction, offset, prior
notice or demand, payable promptly in advance on the first day of each and every month. All
such payments shall be made to the City of Renton, Attention: Fiscal Services, 1055 South Grady
Way, Renton, Washington 98057; or (2) By electronic payment using the payment portal available
at http://rentonwa.gov/aronlinepayments. Automatic recurring payments can be set up through
the payment portal. For portal questions or assistance, please email financeAR@rentonwa.gov
or call (425) 430-6897. The Minimum Monthly Rent, beginning on the Commencement Date, is
computed as follows:
Rental Payment Schedule
(Monthly Rental -Land Component
(14,193 square feet)($1.38 per square foot per year)= $19,586.34/yr, ($19,586.34/12
months= $1,632.20 per month)
LEASE AGREEMENT
City of Renton to Northwest Seaplanes (Parcel 608)
3
9/24/2024
9/24/2024
Approved by Alex Tuttle via 7/16/2024 email
LAG -
STATE OF WASHINGTON )
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I certify that I know or have satisfactory evidence that Sk4vt2 Cox I So is the person
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of N '�ti .CE<<el ti.t.LrS- , a -�-e.�\A1tA t , to be the free and voluntary act of such
for the uses and purposes mentioned in the instrument.
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STATE OF WASHINGTON )
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COUNTY OF ' }
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I certify that I know or have satisfactory evidence that (I\ c is the person
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LEASE AGREEMENT
City of Renton to Northwest Seaplanes(Parcel 608)