HomeMy WebLinkAboutLeaseLAG ----
LEASE AGREEMENT
City of Renton to Bosair, LLC (Parcel 800}
THIS LEASE (hereinafter "Lease") is made and entered into this 28th day of April 2025,
by and between THE CITY OF RENTON, a Washington municipal corporation
(hereinafter "Landlord" or the "City"), and BOSAIR, LLC, a Washington limited liability
corporation (hereinafter "Tenant").
WHEREAS, Tenant is currently leasing two parcels from the City, which are identified as
289 E Perimeter Road and 400 Airport Way (the "289 Parcel" and the "400 Parcel," respectively)
at the Renton Municipal Airport (the "Airport") pursuant to that certain ground lease known as
LAG-12-004; and
WHEREAS, Tenant has entered an agreement to purchase fuel storage tanks from the
previous tenant at 800 W Perimeter Road (the "800 Parcel") on January 20, 2025; and
WHEREAS, The fuel storage tanks are affixed to the containment area located on the 800
Parcel; and
WHEREAS, Tenant intends to commence fuel operations on a portion of the 800 Parcel
until a new Fuel Farm can be constructed at or near the 289 Parcel, at which time the tanks and
components will be transferred from the 800 Parcel to the 289 Parcel; and
WHEREAS, Use of the building, the southwest parking lot or any other area of 800 Parcel
outside the 20,800 sq.ft. area depicted in Exhibit A is prohibited; and
WHEREAS, Tenant is authorized to use the 20,800 sq.ft. area of the 800 Parcel for fuel
trucks and fuel operations; and
WHEREAS, The City intends to initiate a Request for Proposal (RFP) on the 800 Parcel for
demolition and development in the near future, and
WHEREAS, Tenant hereby agrees to vacate the 800 Parcel, upon sufficient notice, once a
proposal has been approved by the City Council;
NOW, THEREFORE, IN CONSIDERATION OF THE TERMS AND CONDITIONS HEREIN CONTAINED
AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF
WHICH IS HEREBY ACKNOWLEDGED, LANDLORD AND TENANT AGREE AS FOLLOWS:
LEASE AGREEMENT
City of Renton to Bosair, LLC {Parcel 800)
LAG-25-001
4/28/2025
Approved by Alex Tuttle via memo 3/26/2025
LAG -
STATE OF WASHINGTON )
:ss.
COUNTY OF )
I certify that I know or have satisfactory evidence that v cC" (4fry is the person
who appeared before me,and s,0 acknowledged that esigned this instrument, on oath stated that
s e vas authorized to execute the instrument and acknowledged it as the f
e,o 'C'\- �\ h a �\,,�ru`, �- to be the free and volunt act of such
► for the uses and purposes mentioned ir1 the instrument.
Dated this��� clay of 2
II \i r\c-- v"•_
,7..,..H1A`R 41 14
-37.\ ►►►lr�0,1,/ [Signature o Notary]
i N % A792C s= [Print Name of Notary]
'''n►►3`.��`,� C7 4 NotaryPublic in and for tate of
//it OF WASN'��? Washington, residing at �'l
lb,
My commission expires: ,9-- - a
STATE OF WASHINGTON )
:ss.
COUNTY OF )
I certify that I know or have satisfactory evidence that is the person
who appeared before me, and s/he acknowledged that s/he signed this instrument, on oath stated that
s/he was authorized to execute the instrument and acknowledged it as the
of , a , to be the free and voluntary act of such
for the uses and purposes mentioned in the instrument.
Dated this day of ,20_.
[Signature of Notary]
[Print Name of Notary]
Notary Public in and for the State of
Washington, residing at
My commission expires: .
28
LEASE AGREEMENT
City of Renton to Bosair,LLC(Parcel 800)