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HomeMy WebLinkAboutAddendum - 2PAG-11-002 Addendum #01-25 Amendment to Operating Permit and Agreement PAG-11-002 City of Renton to RNT 750 LLC ADDENDUM TO OPERATING PERMIT AND AGREEMENT between the City of Renton and RNT 750 LLC THIS ADDENDUM to Permit Agreement PAG-11-002 is eƯective as of the date hereinbelow executed by the City of Renton. RECITALS WHEREAS, there currently exists a Lease Agreement LAG-99-002 (the “Lease”) originally between the City of Renton as Lessor and Pro-Flight Aviation, Inc. as lessee; and WHEREAS, the lessee’s interest in LAG-99-002 was assigned to 540 Renton Hangar LLC; and WHEREAS, 540 Renton Hangar LLC seeks to assign its interest as lessee under the Lease to RNT 540 LLC (hereinafter “Lessee”); and WHEREAS, on January 1, 2011, 540 Renton Hangar LLC subleased the fuel farm portion of the 540 Parcel to Pro-Flight Aviation, Inc. for the purpose of fuel operations and aircraft storage; and WHEREAS, on February 11, 2011, the City (hereinafter “Permittor”) and Pro-Flight Aviation, Inc. entered into an Operating Permit and Agreement, PAG-11-002, for the purpose of fuel operations and aircraft storage; and WHEREAS, on March 21, 2024, Pro-Flight Aviation, Inc., was sold to RNT 750 LLC, which included ownership of the above ground fuel tank(s) and components; and WHEREAS, on March 21, 2024, Pro-Flight Aviation, Inc assigned its interest as sublessee under the sublease to RNT 750 LLC; and WHEREAS, on March 21, 2024, PAG-11-002 was assigned, in its entirety to RNT 750 LLC (hereinafter “Permittee”) for the purpose of fuel operations and aircraft storage; and 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, PERMITTOR AND PERMITTEE AGREE TO AMEND THE OPERATING PERMIT AND AGREEMENT AS SET FORTH BELOW: WITNESSETH:      PAG-11-002, Adden #2-25 PAG-11-002 Addendum #01-25 Amendment to Operating Permit and Agreement PAG-11-002 City of Renton to RNT 750 LLC 1.ACKNOWLEDGEMENT OF SUBLEASE: 1.1. Pursuant to lease agreement LAG-99-002, executed on March 12, 1999, the City of Renton (Lessor) granted a lease of the subject premises to Pro-Flight Aviation, Inc., as Lessee, for the purpose of operating a Fixed Based Operation, which included the maintenance of aircraft, aircraft storage, Ʋight training, aircraft leasing and the sale of aviation fuel (Jet A and 100LL). On January 1, 2011, the entire ground lease (LAG-99-002) was assigned from Pro-Flight Aviation, Inc., to 540 Renton Hangar, LLC. 1.2. Thereafter, 540 Renton Hangar, LLC subletted a portion of the subject premises to Pro-Flight Aviation, Inc., by sublease agreement, executed on January 1, 2011, for the purpose of operating the existing fuel tank farm and fuel truck spill containment area (one Jet A and one 100LL tank) located on a portion of the property leased under LAG-99-002, with the site address of 540 West Perimeter Road, Renton, WA 98057. 1.3. Thereafter, on March 21, 2024, the sublease agreement was assigned from Pro- Flight Aviation, Inc., to RNT 750 LLC. 1.4. Thereafter, on March 21, 2024, PAG-11-002 was assigned from Pro-Flight Aviation, Inc., to RNT 750 LLC. 1.5. Thereafter, on November 17, 2025, the entire ground lease (LAG-99-002) was assigned from 540 Renton Hangar, LLC, to RNT 540 LLC for the purpose of 1) storage and tie-down of aircraft, both indoors and outdoors, 2) OƯice space rentals, and 3) Sale of aviation fuels to the public. 2.All other terms and conditions of the original Permit Agreement shall remain in full force and eƯect. (Signature page to follow)       PAG-11-002 Addendum #01-25 Amendment to Operating Permit and Agreement PAG-11-002 City of Renton to RNT 750 LLC PERMITTEE: PERMITTOR: RNT 750 LLC CITY OF RENTON a Delaware Limited Liability Company a Washington Municipal Corporation ___________________________ ___________________________ Jon Wenrich Armondo Pavone Manager Mayor ______________________________________________________ Date Date Attest: ___________________________ Jason A. Seth City Clerk Approved as to legal form: ___________________________ City Attorney       12/4/2025 Approved by Alex Tuttle via email 11/13/2025