Loading...
HomeMy WebLinkAboutAddendum - 7LAG-14-006, Adden #7-25 LAG-14-006 Amend No 7 Page 1 of 5 ADDENDUM No 7 TO LEASE AGREEMENT LAG-14-006 (Amazing Grace Lutheran) THIS ADDENDUM/AMENDMENT No. 7 to Lease Agreement LAG 14-006 is effective as of July 1, 2025 (“Effective Date”) by and between the City of Renton (“City” or “Landlord””), a Washington municipal corporation, and Amazing Grace Lutheran Church (“School” or “Tenant.”) a Washington non-profit corporation. The City and Tenant are referred to collectively in this Agreement as the “Parties.” RECITALS: WHEREAS, under lease LAG 14-006, effective October 2, 2014, and Addendum/Amendment No. 1 in 2016, and Addendum/Amendment No 2 dated March 9, 2020, Addendum/Amendment No. 3 dated June 21, 2021, and Addendum/Amendment No. 4 dated August 9, 2022, and Addendum/Amendment No. 5 dated April 1, 2023, and Addendum/Amendment No. 6 dated July 22, 2024, the City of Renton has leased to Amazing Grace Lutheran Church (Tenant), the use of certain spaces (First, Third, and Fourth Floors of the building) in the Property commonly known as 200 Mill Ave S, Renton, WA (the “Property”) for the purposes of a school; and WHEREAS, the Tenant wishes to extend the term of this lease to June 30, 2026. Now, THEREFORE, the Parties agree as follows: 1.Premises: Effective July 1, 2025, Tenant shall relinquish its use and rights to suites 400 and 410, a combined space of Five Thousand Seven Hundred and Ninety-Five square feet (5,795). Commencing for Addendum 7-25: (a)Tenant shall continue its lease of the First Floor approximately Eight Thousand Six Hundred and Seventy-Seven square feet (8,677 sq ft). (b)Tenant shall continue its lease of the Third Floor approximately Five Thousand Nine Hundred and Ninety-Two square feet (5,992 sq ft). 2.Permitted Use: means use for purposes of school offices and classrooms for grade students enrolled in a private educational program and related school administration services, research and development, as well as teaching of other subjects of interest for the community and adults consistent in nature with those of the school. Lag-14-006 Addendum 7-25 LAG-14-006 Amend No 7 Page 2 of 5 3.Term: As of the Effective Date above, the Lease for floors (First and Third) shall be in full force and effect and co-terminus until June 30, 2026 (“Termination Date”). Any extensions past June 30, 2026, must be by written agreement and will be reevaluated for Fair Market Value of the space. 5.Monthly Rent: Commencing upon the Effective Date of Addendum No. 7, the following lease rates per floor will go into effect. A.First Floor – 8,677 Square Footage Effective Dates Square Footage Rate Monthly Base Rent 07/01/2025– 06/30/2026 $16.60 $12,003 B.Third Floor – 5,992 Square Footage Effective Dates Square Footage Rate Monthly Base Rent 07/01/2025 - 06/30/2026 $16.60 $8,289 Lag-14-006 Addendum 7-25 6.All terms of the Agreement not explicitly modified herein shall remain in full force and effect and such terms shall apply to this Amendment as if fully set forth herein. IN WITNESS WHEREOF, the Parties have voluntarily entered into this Amendment as of the effective date above. CITY OF RENTON Armondo Pavone, Mayor Date signed: Attest: Jason A. Seth, City Clerk Date attested: APPROVED AS TO FORM ONLY Shane Moloney, City Attorney Clb S -20-25 (554 LAG-14-006) LAG-14-006 Amend No 7 AMAZING GRACE LUTHERAN CHURCH . sy:��� �[>1:-�L2MeA!�Printed Na �� · --r>--- Title: CCJ .. � ... ,_ Date signed: ?"/5 0 :Jc.::, Page 3 of 5 Approved by Cheryl Beyer via 6/10/2025 email 8/12/2025 8/12/2025 Lag-14-006 Addendum 7-25 SS COUNTY OF On this ay of ,, ,2QPS—,before me,the undersigned,a Notary Public in and for the State of Washington, duly comm sioned and sworn, personally appeared ARMONDO PAVONE to me known to be the person(s) who signed as THE MAYOR of CITY OF RENTON, the Washington municipal corporation that executed the within and foregoing instrument,and acknowledged said instrument to be his free and voluntary act and deed and the free and voluntary act and deed of said Washington municipal corporation for the uses and purposes therein mentioned;and on oath stated that he was authorized to execute the said instrument on behalf of said Washington m icipal corporation. IN WITNESS WHEREOF I have hereunto set my hand and offi ial.seal •e day a d -.r f st a.•ove written. 1ON F1 l� / (Print or stamp name of Notary) ,= C.)_ tAft Atp`//, //� NOTARY PUBLIC in and for the State of Washington, residing at u 57922 S My Appointment Expires: s• 2 � ? . /!!!!i�O wA5 ,, LAG-14-006 Amend No 7 Page 4 of 5 STATE OF WASHINGTON JI H'\(} ) SS Lag-14-006 Addendum 7-25 COUNTYOF � On this� day of J'vt � , 20 2,, 5.before me, 1\_e und9r!l\ed, a Notary Public in and for the State of Washington, duly commissioned and s rn, personally appeared WJ4_ ��\to me known to be the .C . ....,""'-----of At!?:,i?,� 0'¼f<:� L..�nd acknowledged the said instrument to be the free and voluntary act and deed of said AMAZING GRACE LUTHERA CHURCH, for the uses and purposes therein mentioned, and on oath stated that s/he was authorized to execute said instrument on behalf of said AMAZING GRACE LUTHERAN CHURCH. IN WITNESS WHEREOF I have hereunto set my hand and official seal the day and year first above written. NetaryPublle StateofWu ....... MIA NGUYBN LICBNSE # 1900lt MY COMMISSION 1U1U1 OC10lllll21, ma LAG-14-006 Amend No 7 residing at (Signature of Notarvl Mia N��ft.A Page 5 of 5