HomeMy WebLinkAboutAdden 05 LAG-84-006
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WHEN RECORDED RETURN To:
After Recording, Return to: Office ofthe CityClerk
g Renton Munidpal Building
200 Mill Avenue Swath
• • es A. M. er Renton,WA 98055
Mills o;.n Meyers Swartling F;` � st of
1/) Suite i 1• pc'`, -"'"4' TITLE
101. Second - venue �� ';L ')-'LOG
✓ ) .eattle, WA 98104
AMENDED
ASSIGNMENT OF LEASE
AND
(f) SECURITY AGREEMENT
This Amended Assignment of Lease and Security Agreement
r-4 ("Assignment") is made and entered into as of S�PMlir 51., 1994, among Plane
Space Investments, Inc., a Washington corporation ("Seller"); Paul W. Brendle, II
and JoAnne Brendle, husband and wife (the "Brendles"), and Puget Sound
41.41' Industries, Inc., a Washington corporation ("Industries") , jointly and severally,
17, (collectively, the "Buyers"); and the City of Renton, Washington (the "City").
C\I Recitals
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A. Seller is the lessee under Lease Agreement No. LAG 006-84 (the
"Lease") dated as of September 1, 1984, between Seller, and the City, as lessor,
affecting the real property (the "Leasehold Property") which is subject to the Lease.
A true copy of the Lease is attached as Exhibit A.
B. Seller owns certain buildings, improvements, fixtures, and personal
property located at the Leasehold Property.
C. Seller has agree to assign, sell and convey to Buyers, and Buyers have
agreed to accept, all Seller's rights under the Lease, all Seller's rights in the
buildings, fixtures and improvements located at the Leasehold Property, and all
Seller's rights in those items of personal property which are described in the Bill of
Sale attached as Exhibit B (collectively, the "Assets"), on the terms set forth in this
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Assignment and the terms set forth in a Business Assets Purchase and Sale
Agreement (the "Purchase and Sale Agreement") dated June 21, 1994, between
Seller and Buyers.
D. Buyers have agreed to grant to Seller, and Seller has agreed to accept
an assignment of all Assignee's rights under the Lease and in the Leasehold
Property acquired by Buyers under this Assignment; a deed of trust encumbering
the Leasehold Property and the buildings, structures, and improvements,
including trade fixtures, thereon; and security interests in all personal property
and fixtures transferred by Buyer to Sellers under the Purchase and Sale
Agreement, all as security for the obligations of Buyers set forth in the Purchase
and Sale Agreement and in this Assignment.
E. The City has consented to the terms of this Assignment.
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'a' F. Seller, Buyers, and the City desire to enter into this Assignment in
0 order to memorialize the terms of their agreement.
MAgreement
01 1. Assignment of Lease. Seller grants, assigns and transfers to Buyers,
and Buyers accept, all Seller's rights, duties, and liabilities under the Lease and all
Seller's interests in the Leasehold Property, effective as of the date of this
Assignment (the "Closing Date"). Buyers acknowledge that the boundaries and
legal descriptions for the Leasehold Property will be changed to those set out in
Exhibit C attached hereto as a result of boundary adjustments and surveys made by
Seller and the City, and Buyers agree to accept the Lease subject to those boundary
adjustments and surveys and agree that references herein to the "Leasehold
Property" refer to the real property described in Exhibit C. In order to further effect
this assignment, Seller, contemporaneously with this Assignment, has executed
and delivered to Buyers a statutory warranty deed (the "Deed") conveying to
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Buyers all Seller's interests in the buildings, structures, and improvements located
on the Leasehold Property.
2. Buyers' Assumption of Lease Obligations. As of the "Closing Date",
Buyers shall timely perform all duties and undertake all liabilities of the lessee
under the Lease, including but not limited to the duty to occupy the Leasehold
Property, the duty to pay rent, taxes, and utility expenses applicable to the
Leasehold Property, and the duty to maintain and insure the Leasehold Property.
Buyers shall hold Seller harmless from any damage or expenses incurred under
the Lease after the Closing Date.
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3. Grant of Security Interests.
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(a) Buyers hereby grant, transfer, and assign to Seller, for security
jG purposes, all Buyers' rights under the Lease and in the Leasehold Property which
are acquired by Buyers under this Assignment, and all Seller's rights in the
buildings and improvements, including trade fixtures, which are annexed to the
Leasehold Property and which Seller has conveyed to Buyers under the terms of
the Agreement.
(b) Buyers hereby grant to Seller a security interest in the personal
property and fixtures described in the Bill of Sale attached as Exhibit B hereto.
(c) Contemporaneously with Buyers' execution of this
Assignment, Buyers shall execute and deliver to Seller a Deed of Trust
encumbering the buildings, fixtures, and improvements located on the Leasehold
Property.
(d) The property in which Buyers have granted Seller security
interests in this paragraph is, collectively, referred to in this Assignment as the
"Collateral". The security interests in the Collateral which Buyers have granted
Seller security interest in this paragraph are, collectively, referred to in this
Assignment as the "Security Interests".
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4. Obligations Secured; Other Security.
(a) The Security Interests secure Buyers' performance of all Buyers
obligations under this Assignment and under the Purchase and Sale Agreement;
Buyers' obligations to perform the lessees' duties under the Lease including
Buyers' obligations under the Interim Lease attached to the Purchase and Sale
Agreement as Exhibit H; and Buyers' obligations under a promissory note (the
"Promissory Note") payable by Buyers to Seller in the original principal amount of
$522,500.00, dated as of even date with this Assignment, and all extensions,
modifications, and renewals thereof, given to Seller by Buyers pursuant to the
ged
gets terms of the Purchase and Sale Agreement.
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(b) The Security Interests also secure all expenditures by Seller for
taxes, insurance, repairs to and maintenance of the Collateral and all costs and
expenses incurred by Seller in the collection and enforcement of the obligations
secured by the Security Interests, including but not limited to reasonable attorneys'
fees incurred by or on behalf of Seller in connection with this Assignment or the
obligations secured by the Security Interests.
(c) The obligations secured by the Security Interests are guarantied
in whole or in part by an Unconditional Guaranty of the Promissory Note by Puget
Sound Flight Center, Inc., Puget Sound Helicopters, Inc., and Puget Sound
Aviation Group, Inc, which are affiliated with Buyers.
5. Financing Statements. Buyers shall sign and deliver to Seller,
contemporaneously with execution and delivery of this Assignment, UCC-1 and
UCC-2 Financing Statements for use by Seller in perfecting the Security Interests.
To the extent applicable, the Uniform Commercial Code of Washington State shall
govern the Security Interests.
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6. Consent By the City to Assignment and Undertakings by the City.
(a) The City consents to and approves the terms of this
Assignment, the terms of the Purchase and Sale Agreement, Buyers' grant to Seller
of the Deed and the Deed of Trust, and Buyers' grant to Seller of the Security
Interests.
(b) The City consents to and approves the acquisition by Seller of
the Lease, or any rights thereunder, and the acquisition of any rights in the
Collateral, which may occur as a result of Buyers' default on any obligation secured
by the Security Interests and the exercise by Seller of any rights under this
Assignment, the Purchase and Sale Agreement, the Deed of Trust, or the Security
Interests.
(c) The City shall not require any adjustment to any rental rates
vul applicable under the Lease or any modification of the lessee's obligations under the
Lease solely as a result of any acquisition by Seller of the Lease or of any rights in
the Collateral which may occur as a result of the exercise by Seller of any rights
under the Security Interests.
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ti) (d) The City shall give to both Seller and Buyers all notices to
which the lessee under the Lease is entitled, included but not limited to notices of
defaults by the lessee under the Lease. Seller shall have a period of thirty days to
cure any defaults under the Lease which shall not have been timely cured by Buyer
following notice by the City of the default.
(e) Notwithstanding the provisions of Paragraph 23 of the Lease
which address the lessee's rights to renew the lease, Buyers shall give to the City
and to the Seller notice of their exercise of the right to renew the Lease at least one
hundred fifty (150) days prior to the expiration of the original term or any renewal
of the Lease. In the event that Buyer fails to give the City and Seller at least one
hundred fifty (150) days notice of the exercise of the option to renew the Lease,
then Seller, up to ninety (90) days prior to expiration of the original term or any
renewal of the Lease, may exercise the right to renew the Lease; in such event, all
Buyers' rights under the Lease shall revert to Seller as of the expiration of the
original term or renewal of the Lease, unless an earlier reversion of Buyers' rights
under the Lease shall otherwise be allowed or provided in this Assignment.
(f) Except as provided in this Paragraph, the City's consent to the
terms of this Assignment shall not bar the City from later refusing to consent to
any further assignment of the Lease or any interest therein or to the subletting of
the whole or any part of the Leasehold Property, provided that the City shall not
unreasonably withhold its consent.
7. Covenants of Buyers.
(a) Buyers shall comply with all laws, ordinances, regulations,
covenants, conditions, and restrictions affecting the Collateral.
(b) Buyers shall not, while the Lease is in effect, transfer, assign,
41.4
Crl encumber, or modify the Lease or any of their rights thereunder, or transfer,
assign, encumber or sublet any part of the Leasehold Property without the prior
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written consent of Seller.
(c) Buyers shall defend the Collateral against all claims and
demands of all persons at any time claiming them or any interest in them adverse
to Seller.
(d) Buyers shall upon demand furnish to Seller Uniform
Commercial Code financing statements and other documents, and take such
action as Seller may at any time or from time to time reasonably request or as may
be necessary or appropriate to establish and maintain the perfection of the Security
Interests.
(e) Buyers agree to supply such financial data as Seller may
reasonably request from time to time during the effectiveness of this Assignment.
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(f) Buyers shall continuously insure all structures and
improvements located at the Leasehold Property against loss by fire or other
hazards in an amount not less than the fair market value of the structures and
improvements, shall name Seller as an additional insured under all liability
insurance policies which the lessee is required to maintain under the Lease and
under this Agreement, and shall provide Seller with evidence of such insurance.
(g) Buyers shall keep the Leasehold Property and all structures and
improvements thereon in good condition and repair, shall not permit any waste
to the structures and improvements, and shall promptly restore any structure and
destroyed.
improvement which maybe damaged or p
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C) 8. Events of Default by Buyers. The occurrence of any of the following
shall constitute an event of default on Buyers' obligations secured by the Security
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Interests and the Collateral:
(a) Any default by Buyers in the timely payment or performance
of any obligation provided in the Purchase and Sale Agreement or the exhibits
thereto, including but not limited to the timely payment of the Promissory Note
and all extensions, modifications, and renewals thereof; any obligation set forth in
this Assignment; any obligation set forth in the Lease; and any obligation set forth
in the Deed of Trust.
(b) Any breach by Buyers of any representation, covenant or
warranty contained in this Assignment, in the Purchase and Sale Agreement, or in
the Deed of Trust.
(c) Any failure of Buyers, after written request by Seller, to furnish
financial information regarding Buyers or to permit the inspection of the books or
records of Buyers.
(d) Any issuance of an injunction or attachment against any of the
Collateral.
(e) The commencement of bankruptcy proceedings or proceedings
for the appointment of a receiver by or on behalf of any of the Buyers.
(f) The calling of a meeting of creditors, appointment of a
committee of creditors or liquidating agents, or offering of a composition or
extension of creditor by, for or of any of the Buyers.
(g) Insolvency of any of Buyers.
9. Rights of Seller Upon An Event of Default By Buyers.
In the event of any event of default by Buyers or any one of them, Seller
~ may, at its option, after providing to Buyers thirty days notice and an opportunity
to cure the default within that thirty day period, personally or by its agents:
(a) Take possession of the Leasehold Property and hold, use, lease,
and manage the Leasehold Property on such term and for such period of time as
Seller deems proper; and, with or without taking possession of the Leasehold
Property, make demand and receive all rents, income, and profits of the Leasehold
Property, with power to make from time to time such alterations, repairs, and
renovations to the Leasehold Property as may seem proper to Seller, and to apply
such rents, income, and profits to payment of all expenses of operating, managing,
and maintaining the Leasehold Property, and to the principal, interest, and other
indebtedness secured by this Assignment or the Collateral.
(b) Foreclose upon the Deed of Trust and any Security Interest.
(c) Exercise the remedies of a secured party under the Uniform
Commercial Code of Washington (regardless of whether the Code has been
enacted in the jurisdiction where rights or remedies are asserted). Seller may
require Buyers to make the Collateral available to Seller at a place to be designated
by Seller which is reasonably convenient to both parties. Seller shall give to
Buyers at least thirty (30) days' prior written notice of the time and place of any
public sale of Collateral or of the time after which any private sale or any other
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intended disposition is to be made, and the parties agree that thirty days' prior
written notice is reasonable.
10. Waivers.
(a) Seller shall have no duty to collect or protect the Collateral, or
any income therefrom, to preserve rights in the Collateral against third parties, or
to preserve any other rights in the Collateral beyond the safe custody of it when in
Seller's possession or control.
(b) Seller may exercise its rights with respect to the Collateral
without first exercising any rights it may have to other sources of payment for any
obligation secured by the Collateral.
(c) Seller shall not be deemed to have waived any of its rights
under this Assignment or the Collateral unless the waiver is in writing and signed
by Assignee.
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(d) No delay or omission on the part of Seller in exercising any
right it may have in any of the Collateral shall operate as a waiver of such right or
any other rights. A waiver on any one occasion shall not be construed as a bar to
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or a waiver of any right on any future occasion.
(e) All rights and remedies of Seller under this Assignment or in
the Collateral, whether evidenced in this Assignment or by any other instrument,
shall be cumulative and may be exercised singularly or concurrently.
11. Expenses; Proceeds of Collateral; Deficiency. Buyers shall pay to
Seller, on demand, any and all expenses, including reasonable counsel fees,
incurred or paid by Seller in protecting or enforcing its rights under this
Assignment or in the Collateral. After deducting these expenses, the balance of
any proceeds received from the Collateral shall be applied to the payment of
unpaid principal or accrued interest in such order of preference as Seller may
determine, and any excess shall be returned to Buyers. In the event the proceeds
9 ofilar
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shall be insufficient to pay expenses or other obligations of Buyers secured hereby,
Buyers shall remain liable for any deficiency.
12. Notices. Any demand upon or notice to Buyers that Seller or the City
may elect to give shall be effective upon actual receipt by Buyers. In the event
notice.is sent to buyers by mail, such notice shall be deemed to have been received
by Buyers on the third day after the deposit of the notice in the mail, first class
postage prepaid, addressed to Buyers at the address specified below, or, if Buyers
have notified Seller and the City in writing of a change of address, to Buyers' last
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address so specified. Demands or notices addressed to Buyers' address at which
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Seller or the City customarily communicate with Buyers shall also be effective.
13. Assignment of Interests by Seller. If at any time or times, by
assignment or otherwise, Seller transfers any instrument evidencing obligations of
Buyers which are secured by the Collateral, such transfer shall carry with it Seller's
powers and rights under this Assignment with respect to the Collateral, and the
transferee shall become vested with these powers and rights whether or not they
are specifically referred to in the transfer. If and to the extent Seller retains any
obligation of Buyers secured by this Assignment, or to the Collateral, Seller shall
continue to have the rights and powers set forth in this Assignment which relate
to the interests in the obligation secured hereby and the Collateral which are
retained.
14. Effect of Assignment. This Assignment shall be binding upon Seller,
Buyers, the City, and any subsequent lessee under the Lease and any subsequent
owner of the Assets.
15. Choice of Law; Venue; Jurisdiction. This Assignment and all rights
and obligations hereunder, including matters of construction, validity, and
performance, shall be governed by the laws of Washington State. Jurisdiction and
venue for any lawsuit which may arise from this Assignment, or the obligations
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secured by this Assignment, shall lie exclusively in the Superior Court for the
State of Washington, in and for King County.
16. Counterparts. This Assignment may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which together
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shall constitute one and the same instrument.
17. Entire Agreement. This Assignment sets forth the entire
understanding of the parties. It shall not be changed or terminated orally.
IN WITNESS WHEREOF, the parties have signed this Assignment:
9-4
er PLANE SPACE INVESTMENTS, INC. .
ADDRESS:
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CV C21.14\) •► fil106,4 S \k , 12303 East Marginal Way South
yr , �,B . � 1A1 0�, MI kA Seattle, Washington 98168
0) Its: QST Attention: Thomas Bailey
ADDRESS:
Paul W. Brendle, II
1881 w SE Li2h4 St.
Z:ssant
tom\%, 1,0R c O 2.7
CoQjrug, (iereffaCIQ--,
Jone Brendle
PUGET SOUND INDUSTRIES, INC.
ADDRESS:
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300 Airport Way
By: oRenton Municipal Airport
Its: Cir.,
5Renton, WA 98055
11 OR/GIA10.
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CITY OF RENTON, WASHINGTON
ADDRESS:
By: Earl Clymer 200 Mill Avenue South
Its: Mayor i Renton, WA 98055
ATTEST• .�/,o./� /_,:,
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Marilyn . tersen, City Clerk
STATE OF WASHINGTON )
) ss.
COUNTY OF KING )
I certify that I know or have satisfactory evidence that
`7 o,77 1 . 5/4ita-y
is the individual who personally appeared before me, and said individual
acknowledged that he/ signed this instrument, on oath stated that he/*he was
authorized to execute the instrument and acknowledged it as the
_ of Plane Space Investments, Inc., to be the free and
H voluntary act of such party for the uses and purposes mentioned in the
d' instrument.
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Dated: 0/G/91
H
Printed Name: ia-4)6
NOTARY PUBLIC in and for the State of
Washington, residing at
My appointment expires:w/.4?q_/9 8-
STATE OF WASHINGTON )
) ss.
COUNTY OF KING )
I certify that I know or have satisfactory evidence that Paul W. Brendle, II, is
the individual who personally appeared before me, and said individual
12 19/61111 1111
acknowledged that he/she signed this instrument as his/her free and voluntary
act for the uses and purposes mentioned in the instrument.
Dated: AllqA
)\'W V V6\124C1,- __, i
Printed Name: VM ( V aQ2= Ld -'
NOTARY PUBLIC in and for the State of
Washington, residing at ` ' L--
My appointment expires:
STATE OF WASHINGTON )
ss.
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kyr COUNTY OF KING )
94
G7 I certify that I know or have satisfactory evidence that JoAnne Brendle is the
alindividual who personally appeared before me, and said individual acknowledged
that he/she signed this instrument as his/her free and voluntary act for the uses
Cr) and purposes mentioned in the instrument.
Dated: c\\ A0M,
f\r\\\S (\, V(14.C ._
Prin ed Name: � C-iK \'kQgca-`,'`1
NOTARY PUBLIC in and for the State of
Washington, residing at Lam- _
My appointment expires: w\t `L>
STATE OF WASHINGTON )
) ss.
COUNTY OF KING )
I certify that I k w or have satisfactory evidence that
'It4Vez_ Q A)t_Cr_. -
is the individual who personally appeared before me, and said individual
acknowledged that he/she signed this instrument, on oath stated that he/she was
authorized to execute the instrument and acknowledged it as the
13 ORIGINAL
•
1
•
9 - of Puget Sound Industries, Inc., to be the free and
voluntary act of such party for the uses and purposes mentioned in the
instrument.
Dated: AVV)\.1/4-*
Print d Name:. ? ,�� , �-
NOTARY PUBLIC in and for the State of
Washington, residing at 5kW6 _
My appointment expires: \6\2V(1
t? STATE OF WASHINGTON )
) ss.
Cr) COUNTY OF KING )
0�
C�2 I certify that I know or have satisfactory evidence that
gr4E48L c.Y,4iSR AitAR►ty// T. PETERSEN
C) a,re- 'is. the individuals wh t personally appeared before me, and said indiviweals
acknowledged that+t��e signed this instrument, on oath stated that
authorized to execute the instrument and acknowledged it as the
MAYo2 # clrY CL?J< of the city of Renton, Washington, to be the free and
voluntary act of such party for the uses and purposes mentioned in the
instrument.
Dated:4v( uST31 j 1//4/
Printed ame: LISA s7-emeNS
NOTARY PUBLIC in and for the State of
Washington, residing at REA/77,N
My appointment expires: /t')—/'f—'I?
I IL
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\ a
LAG006-84
•
LEASE AGREEMENT
(CITY OF RENTON TO PLANE SPACE INVESTMENTS, INC. )
THIS INDENTURE OF LEASE executed in triplicate, effective as
of September I , 1984 , by and between the CITY OF
RENTON, a municipal corporation, hereinafter referred to as Lessor; and
PLANE SPACE INVESTMENTS , INC . , A Washington Corporation , hereinafter
referred to as Lessee:
WITNESSETH:
WHEREAS Lessee has negotiated with AERO DYNE Corporation to
purchase certain assets and to operate an Aircraft Repair and Maintenance
Facility at Renton Municipal Airport (Operator to be BENAIR Aviation,
Inc . ) ; and,
"4 WHEREAS Lessor has agreed to the transfer of that certain
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ground lease area related to the Repair and Maintenance Facility from
HAERO DYNE Corporation to Lessee; and ,
0 WHEREAS a ground-spacerental rate has been negotiated and
C14 approved for a three (3) year term, NOW THEREFORE;
Tr 1 . In consideration of the covenants and agreements of the
Lessee hereinafter set forth , Lessor does hereby lease and demise unto
Lessee the following described unimproved parcels of real estate accepted
by th-e Lessee in their "as is" condition , being located within the
confines of the Renton Airport , Renton , King County, Washington , to-wit :
See Exhibit "A" Legal Description and Exhibit "B"
Lease Map attached hereto and made a part hereof as
if fully set forth herein
SUBJECT to restrictions and reservations of record and as
further set forth herein;
TOGETHER with the privilege of Lessee to use the public
portion of the airport , including runway and other public facilities
provided thereon , on a non-exclusive basis , and subject to such rules and
regulations as now exist or may hereafter be promulgated by the Lessor
from time to time , and further subject to all such non-discriminatory
charges and fees for such use as may be established from time to time by
Lessor; on the terms and conditions hereinafter set forth for a period of
twenty-two (22) years commencing on the 1st day of SEPTEMBER 1984 and
terminating on the 31st day of AUGUST 2006, subject to the conditions ,
however , specified in paragraphs 17 and 18 hereinbelow .
2 . As rental for the above-described premises during said initial
lease term, Lessee shall and will pay unto Lessor a monthly rental of
$ 751 .99 computed at the annual rate of S0 . 14 per square
-1 - EXHIBIT, A '�
Noe
LAG006-84
•
foot, payable promptly in advance on the first day of each and every
month , and as further set forth in paragraph 18 hereinbelow. All such
payments shall be made to the Director of Finance, Municipal Building ,
Renton , Washington
3 . Above-described premises and the structures located
thereon are leased to the Lessee for the purpose of construction and f
operation of aircraft repair, maintenance and storage facilities . Lessee
covenants that the premises shall be continuously used for those purposes '
during the term of the lease, shall not be allowed to stand vacant or
idle , and shall not be used for any other purpose without Lessor 's z
written consent first having been obtained . Consent of Lessor to other
types of activities will not be unreasonably withheld . No advertising
matter or signs shall be at any time displayed on the leased premises or
the structures thereat without the written approval of Lessor.
4 . The leased premises and all the improvements or structures
4-hereon shall be used and maintained by Lessee in a neat, orderly and
sanitary manner; and shall be kept well painted by Lessee in such
tprevailing color scheme as may be from time to time established and
required by Lessor for such Airport so that the leased premises and
Cktructures located thereon shall be kept and operated in a reasonable
armony with other structures and color schemes on said Airport . Lessee
urther covenants to keep and operate the leased premises and all
tructures , improvements , and activities in conformity with all rules ,
regulations and laws now or hereafter adopted by Lessor City or the Civil
Aeronautics Authority or State Aeronautics Commission , or other duly
constituted governmental authority , all at Lessee 's cost and expense.
5 . As further consideration for this Lease, it is stipulated
and agreed that at the expiration of the renewed term of this Lease as
provided in paragraph 1 herein contained or at any other termination of
this Lease , all structures and any and all improvements of any character
whatever installed on the leased premises shall be and become the
property of the Lessor City and title thereto shall pass and revert to
Lessor City at such termination , and none of such improvements now or
hereafter placed on the leased premises shall be removed therefrom at any
time without Lessor 's written consent . The Lessor shall have the
alternative , at its option , to require Lessee to remove any and all
improvements and structures from the demised premises and repair any
damage caused thereby , at Lessee 's expense .
6 . Lessor shall not be called upon to make any improvements .
alteration or repair of any kind upon said premises and Lessee covenants
that he will not permit any waste , damage or injury to the premises or
improvements , nor to allow the maintenance of any nuisance thereon , nor
the use thereof for any illegal purposes or activities , nor for any
purpose or operation preventing the maintenance of fire insurance on the
said improvements or activities .
7 . Lessee further agrees to pay, in addition to the rentals
hereinabove specified and other charges hereinabove defined, all fees and
-2- EXHIBIT 4 -4
LAG006-84
Nome
charges now in effect or hereafter levied or established by Lessor City,
or its successors , or by any other governmental agency or authority,•
being or becoming levied or charged against the premises , s- ructures ,
business operations or activities conducted by or use made by Lessee of ,
on and from the leased premises which shall include but not be limited to
all charges for light , heat , gas , power, garbage, water and other
utilities or services rendered to said premises . Lessee hereby agrees
and covenants to pay unto Lessor that certain Leasehold Excise Tax as
established by Chapter 61 , Laws of 1765-76, 2nd EX Session (44th
Legislative Session) which said tax shall be in addition to the
stipulated monthly rental and be paid separately to the Director of
Finance, City of Renton , at the same time the monthly rental is due. In
the event that the State of Washington or any other governmental
authority having jurisdiction thereover shall hereafter levy or impose
any similar tax or charge on this Lease or the leasehold estate then
Lessee agrees and covenants to pay said tax or charge, when due. Such
tax or charge shall be in addition to the regular monthly rentals .
'4 8 . Lessee covenants to indemnify and save harmless Lessor
City against any and all claims arising from the conduct and management
of , or from any work or thing whatsoever done in or about, the demised
m premises or the improvements or equipment thereof during said Lease term,
or arising from any act or negligence of the Lessee or any of its agents ,
04 contractors , patrons , customers or employees , or arising from any
.4 accident , injury or damage whatsoever , however caused , to any person or
t?' persons , or to the property or any person , persons or corporation
Cr) occurring during said term on , in or about the leased premises and from
and against all costs , attorney ' s fees , expenses and liabilities
incurred in or from any such claims or any action or proceeding be
brought against the Lessor City by reason of any such claim, Lessee, on
notice from Lessor , shall resist or defend such action or proceeding
forthwith .
9 . It is further agreed that all personal property in said
demised premises shall be at the risk of Lessee only and that Lessor or
Lessor ' s agents shall not be liable for any damage either to personal
property, sustained by Lessee or other persons , due to the buildings or
said demised premises or any part or appurtenance thereof becoming out of
repair .
10 . Lessee covenants and agrees to hold harmless and
indemnify the Lessor and its agents against any liability, loss claim or
damage from any cause directly or indirectly resulting from Lessee 's use
or occupancy of the demised premises or of any structures , activities or
business placed on or conducted thereat , by Lessee, its agents, assigns ,
licenses or invitees and Lessee shall keep in full force and effect at
all times during this Lease term adequate public liability and property
damage insurance , written by a company authorized to do business in the
State of Washington , with limits of not less than $300,000/$500,000 and
$ 100 , 000 respectively , and Lessee shall promptly furnish unto Lessor
evidence of such insurance by furnishing unto Lessor a copy of each
policy of insurance or a certificate thereof evidencing such coverage .
Since the Lessee functions as the Financial Backer of its assigned
Airport Fixed Base Operator , viz : BENAIR AVIATION, INC. , the Lessor
agrees that the required insurance defined in this section of the lease
-3- EXHIBIT 4 "3
LAG006-84
+4.•r
shall be provided by BENAIR AVIATION , INC .
II . This lease or any part hereof shall not be assigned by
Lessee, or by operation of law, or otherwise , nor said premises or any
part thereof sublet without the written consent of Lessor endorsed
thereon ; and in the event such written consent shall be so given , no
other subsequent assignment , assignments or subletting , shall be made by
such assignee or assignees , or sublessee, without previous consent of
Lessor endorsed thereon; and in the event such written consent shall be
so given , no other subsequent assignment , assignments or subletting ,
shall be made by such assignee or assignees , or sublessee, without
previous consent of Lessor first had and obtained in writing . It is
expressly agreed that if consent is once given by the Lessor to the
assignment of this Lease or any interest therein or to the subletting of
the whole or any part of said leased premises , then Lessor shall not be
barred from afterwards refusing to consent to any further assignment of
said Lease or subletting of said leased premises . The Lessor shall not
unreasonably withhold its consent .
12. It is expressly understood and agreed that Lessor holds
andoperates said Airport and the demised premises under and subject to a
,r4 grant and conveyance thereof to Lessor City from the United States of
' America , acting through its Reconstruction Finance Corporation , and
qt!' subject to all the reservations , restrictions , rights conditions and
1.4 exceptions of the United States therein and thereunder , which grant and
Cconveyance has been filed for record in the office of the County Auditor
of said King County , Washington , and recorded in Volume 2668 of Deeds ,
4Page 386; and further that Lessor holds and operates said Airport and
,' premises under and subject to the State Aeronautics acts of the State of
CI Washington (Chapter 165 , Laws of 1947 ) , and any subsequent amendments
thereof or subsequent legislation of said State and all rules and
regulations lawfully promulgated under any act or legislation adopted by
the State of Washington or by the United States or the Federal Aviation
Administration . It is expressly stipulated and agreed that the Lessee
also accepts and will hold and use this Lease and the respective demised
premises subject thereto and to all contingencies , risks and
eventualities of or arising out of the foregoing , and if this Lease or
the period thereof or any terms or provisions thereof be or become in
conflict with or impaired or defeated by any such legislation , rules ,
regulations , contingencies or risks , the latter shall control and if
necessary modify or supersede any provision of this Lease affected
thereby , all without any liability on the part of or recourse against the
Lessor in favor of Lessee . Nothing in this Lease contained shall operate
or be construed to prevent or hinder the future development , improvements
or operation of said Renton Airport by Lessor , 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 said
Renton Airport .
13 . It is expressly understood and agreed that in case the
demised premises shall be deserted or vacated , or if default be made in
the payment of the rent or any part thereof as herein specified or if ,
-4- EXHIBIT A"
•
Noe
LAG006-84'
without consent of the Lessor , the Lessee shall sell , assign or mortgage
this Lease, or if default be made in the performance of any of the
covenants and agreements in this Lease contained on the part of the
Lessee to be kept and performed , or if Lessee shall fail to comply with
any of the statutes , ordinances , rules, orders , regulations and
requirements of the Federal , State and City Government , or if Lessee
shall file a petition for bankruptcy or be adjudicated a bankrupt, or
make assignment for the benefit of creditors or take advantage of any
insolvency act , the Lessor may, if it so elects, at any time thereafter
terminate this Lease and the term hereof , on giving to the Lessee ten
( I0) days notice in writing of the Lessor 's intention so to do. Upon the
expiration of said ten ( 10 ) day notice , this Lease and the term hereof
together with any and all other rights and options of Lessee herein
specified , shall expire and come to an end on the day fixed in such
notice, except that Lessee 's obligation and liability for any unpaid
rentals or other charges heretofore accrued shall remain unabated .
' Lessor may thereupon re-enter said premises with or without due process
t?'of law, using such force as may be necessary to remove all persons or
chattels therefrom, and Lessor shall not be liable for damages by reason
O�"'�of such re-entry or forfeiture .
04
14 . All terms , conditions and provision of this lease
t�?' agreement shall be binding upon Lessee, his successors and assigns , if
Many .
15 . If the whole or any substantial part of the premises
hereby leased shall be condemned or taken by any County, State or Federal
authority for any purpose , then the term of this Lease shall cease on the
part so taken from the day the possession of that part shall be required
for any purpose and the rent shall be paid up to that date, and from that
day the Lessee or Lessor shall have the right to either cancel this Lease
and declare the same null and void , or to continue in the possession of
the remainder of the same under the terms herein provided, except that
the rent shall be reduced in proportion to the amount of the premises
taken for such public purposes . All damages awarded for such taking for
any public purpose shall belong to and be the property of the Lessor ,
whether such damage shall be awarded as compensation for the diminution
in value to the leasehold or to the fee of the premises herein leased .
16 . Any notice required to be given or served in accordance
with the provisions of this Lease shall be sufficiently given and served
if delivered in writing to a party, or if sent by registered mail ,
postage prepaid , to the other party ' s last known mailing address .
17 . Said rental payments as specified in paragraph 2 hereof
shall continue until the first day of SEPTEMBER 1987 . Effective as of
said date, and every three ( 3 ) years or such greater period of time as
may be agreed upon between the parties thereafter , said rental rate as
hereinabove specified shall be readjusted by and between the parties to
be effective for each three (3 ) year period . Minimum base rental for any
EXHIBIT A's-
-5-
same w
•
LAG006-84 '
extended period , that is after SEPTEMBER 1 , 1987 , shall not be less than
the aforespecified rental of $751 .99 per month . if , however ,
the parties are unable to agree upon such adjusted rental for the ensuing
three (3) year period , within thirty (30) days prior to the commencement
of each such three (3 ) year period , then the parties shall submit the
matter of rentals for such ensuing three (3) year period to arbitration .
Lessee shall select one arbitrator and Lessor likewise select one and the
two so chosen , if unable to agree within a period of thirty (30 ) days
after such appointment , shall select a third one and the decision of the
majority of such arbitrators shall be final and binding upon the parties
hereto. The arbitrators shall be experienced real estate appraisers and
be knowledgeable in the field of comparable rentals and use charges in
King County and shall likewise give due consideration to any change in
economic conditions from the preceding rental period . Each party shall
pay for and be responsible for the fees and costs charged by the
arbitrator selected by him and the fee of the third arbitrator , if any,
shall be shared equally between them . Leasehold improvements made by the
,Lessee shall not be considered as part of the leased premises for the
gpurpose of future adjustments or readjustments of the aforesaid rental
Fates . The arbitrator shall make the decision in writing , within sixty
il60) days after their appointment , unless the time is extended by the
greement of both parties : The readjusted rental in each case , whether
etermined by arbitration or by agreement of the parties themselves ,
*.4halI be effective as of the commencement of such three (3 ) year rental
Tperms .
18 . Lessee shall quit and surrender the premises at the end
of the term in as good a condition as the reasonable use thereof would
permit and shall not make any alterations , additions or improvements to
the premises without the prior written consent of the Lessor; all
alterations , additions or improvements which may be made by either of the
parties hereto on the premises , except movable office furniture or trade
fixtures , put in at the expense of Lessee, shall be and remain the
property of the Lessor and shall remain on and be surrendered with the
premises as a part thereof at the termination of this Lease without
hindrance , molestation or injury .
19 . Lessee further agrees in addition to the insurance
requirements herein set forth , to take out and keep in full force and
effect during the full term of this Lease, or any extension or renewal
thereof , a policy or policies of fire insurance , together with extended
coverage , in standard form, in a company or companies acceptable to and
approved by Lessor and in an amount at least equal to the replacement
cost of such improvements; such policy or policies shall name the Lessor
as an additional insured as its interest may appear , and true copies of
such policy or policies or a certificate of insurance evidencing such
coverage shall be promptly furnished unto Lessor at all times . Such
policy shall not be canceled or voided unless at least ten ( 10) days '
written notice prior thereto has been furnished unto Lessor .
EXHIBIT A - 4
-6-
LAG006-84
sew
20. If , without execution of any extension or renewal , Lessee
should remain in possession of the premises after expiration or
termination of the terms of this Lease, then Lessee shall be deemed to be
occupying said premises as a tenant from month to month . All the
conditions, terms and provisions of this Lease, insofar as applicable to
a month-to-month tenancy , shall likewise be applicable during such period .
21 . it is further covenanted and agreed between the parties
hereto that no waiver by Lessor of a breach by Lessee of any covenant,
agreement, stipulation or condition of this Lease shall be construed to
be a waiver of any succeeding breach of the same covenant, agreement ,
stipulation or condition or a breach of any other covenant, agreement,
stipulation , or condition; also that all covenants, conditions, and
agreements herein contained shall extend to and be binding on the heirs ,
executors , administrators , successors and assigns of the parties hereto.
The acceptance by the Lessor of rent after any breach by the Lessee of
,any covenant or condition by Lessee to be performed or observed shall be
construed to be payment for the use and occupation of the demised
Tpipremises and shall not waive any such breach or any right of forfeiture
i arising therefrom.
22. Ail notices under this Lease shall be in writing and
Hdelivered in person or sent by certified or registered mall unto Lessor
,14 at the following address , to-wit:
Airport Director
Renton Municipal Building
Renton , Washington 98055
and In case of any notice unto Lessee , then to the premises leased
hereunder , or such address as may hereafter be designated by either party
in writing .
23 . In the event that Lessee has fully and faithfully
complied with all the terms and conditions of this Lease Agreement, then
in such event Lessor grants unto Lessee the right and option to renew or
extend this Lease for a further term of ten ( 10) years . The rental for
each five ( 5) year period shall be ascertained as set forth in paragraph
17 . Notice of the exercise of such option shall be given by Lessee unto
Lessor at least ninety days prior to the expiration of the original term
of this Lease , which notice must be in writing; and it is expressly
agreed by and between the parties hereto that time is of the essence in
the giving of said notice .
24 . Lessee covenants and agrees to not discriminate against
any person or class of persons by reason of race , color , creed or
national origin in the use of any of its facilities provided for the
-7-
EXHIBIT A' ?
�.+ LAG006-84
public in the Airport . Lessee further agrees to furnish services on a fair ,
equal and not unjustly discriminatory basis to all users thereof , and to
charge fair , reasonable and not unjustly discriminatory basis for each unit
of service, provided that Lessee may make reasonable and non-discriminatory
discounts , rebates or other similar types of price reductions to volume
purchasers .
f
CITY OF RENTON, a Municipal
ob. Corporation�� . �� B y? 9Q1tf� `).S�.4 G�
"Mayor
e (.7'4
City Clerk
LESSEE LESSOR
Approved as to legal form:
City Attorney
11.4
Tr
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Cr)
Q •
Cit
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c)
EXHIBIT A'g
Now
STATE OF WASHINGTON )
) ss
COUNTY OF KING )
This is to certify that on this 2 2 ,40 day of OcrooeiZ, i 48q
before me , the undersigned Notary Public , personally appeared
paczOAQA `( S h1N4oc4 and MHx ,NE. E MoTo(
to me known to be the duly qualified and acting Mayor and City Clerk
respectively, of the City of Renton , Washington , and acknowledged that the
executed the above and foregoing instrument for the City of Renton as the
free and voluntary act and deed of said City for the uses and purposes
therein set forth , and upon oath stated that such execution of said
instrument by them is duly and regularly authorized and that the seal
attached thereto is the corporate seal of the City of Renton .
Given under my hand and official seal this 2_2.'40 day of Oc.1-ot3ert 1984
04vi or, 0
Notary Public in and for the State
of Washington, residing at Renton
, d,
C')
cNa1144
O
EXHIBIT 9
LAG006-84'
STATE OF WASHINGTON)
) ss
COUNTY OF KING )
THIS is to certify that on this 8th day of October 1984
before me , the undersigned Notary Public , personally appeared
Thomas R. Bailey
and
to me known to be the President of Plane Space Investments, Inc.
and he acknowledged to me that he executed the foregoing instrument for
said Plane Space Investments, Inc. as "its free and voluntary act and deed , for
uses and purposes therein stated , and upon oath stated that such execution of
said instrument by him is duly and regularly authorized .
GIVEN under my hand an official seal the date last above stated .
r4
rr
wer
Notary Public in and for the State
of Washington, residing
CD
�- 4710 Beach Drive S.W.
vol Seattle, WA 98116
'1
•
EXHIBIT R /d
NNW Name
STATE OF WASHINGTON )
ss.
COUNTY OF RING )
This is to certify that on this / Z day of October, 1984, 4
before me, the undersigned notary public, personally appeared
C. Carey Donworth, to me known to be the Secretary of Plane Space
Investments, Inc. , and he acknowledged to me that he executed the
foregoing instrument for said Plane Space Investments, Inc. , as
its free and voluntary act and deed, for uses and purposes
therein stated, and upon oath stated that such execution of said
instrument by him is duly and regularly authorized.
GIVEN under my hand and official seal the date last above
stated.
•
epi
Jay �..--
a fQ
C,g Notary Public in a for the
04 State f Washington, residing
at
C7)
EXHIBIT A '��
EXHIBIT "A"
LAG 1006-84
PLANE SPACE INVESTMENT, INC.
BEGINNING at the intersection of the centerline of Shattuck Avenue North
with the centerline of Airport Way said point of intersection lying N . 1
87030 ' 17" W. a distance of 862.23 feet from the centerline intersection of
Logan Avenue North and Airport Way
Thence N . 02029143" E . along the northerly extension of the centerline of
Shattuck Avenue North a distance of 275 .00 feet;
Thence N . 87030 ' 17" W . a distance of 61 .45 . feet;
Thence N . 02029 '43" W. a distance of 25 . 17 feet to the True Point of
Beginning ;
Thence N . 43048 '05" W . a distance of 84 .35 feet to the P .C. of a tangent
4urve to the right;
qp4Thence northeasterly along a tangent curve to the right, having a radius of
n55 .00 feet an arc distance of 76 . 12 feet through a central angle of
479018 '03" to a point of tangency;
04
4 Thence N . 35029 ' 58" E . a distance of 83 .99 feet;
al Thence N . 04049 ' 43" W . a distance of 281 .00 feet;
Thence N . 85012 ' 15" E . a distance of 19 .00 feet;
Thence S . 04049143" E . a distance of 22.95 feet;
Thence S . 87005 ' 36" E . a distance of 37 .68 feet;
Thence N . 85012 ' 15" E . a distance of 72 .92 feet;
Thence S . 04041 '30" E . a distance of 79 .71 feet;
Thence N . 85018 ' 30" E . a distance of 32 . 47 feet;
Thence N . 83003 '24" E . a distance of 29 . 16 feet;
Thence S . 02029 ' 43" W . a distance of 144 .59 feet;
Thence N . 87030 ' 17" W . a distance of 175.81 feet to the True Point of
Beginning .
(Containing an area of 42,936 S .F .
TOGETHER WITH :
BEGINNING at the intersection of the centerline of Shattuck Ave . North with
-1 - EXHIBIT Rye..
Nose
' the centerline of Airport Way, said point of intersection lying North
87030 ' 17" W . a distance of 862 .23 feet from the centerline intersection of
Logan Avenue North and Airport Way;
Thence N . 02°29 ' 43" E . along the northerly extension of the centerline of
Shattuck Avenue North a distance of 195 .00 feet;
Thence N . 87030 ' 17" W . a distance of 30 .00 feet;
Thence N . 02029 ' 43" E . a distance of 19.00 feet to the True Point of
Beginning ;
Thence continuing N . 02°29 '43" E . a distance of 20 .00 feet;
Thence S . 87030 ' 17" E . a distance of 78 .37 feet;
Thence S . 56°54 '50" E . a distance of 27 .51 feet;
Thence S . 87030 ' 17" E . a distance of 42.32 feet;
Thence S . 42011 '53" E . a distance of 158.66 feet;
Thence S . 02°29 '43" W . a distance of 32.23 feet;
• Thence N . 87030 ' 17" W . a distance of 39 .89 feet;
04Thence N . 02°29 ' 43" E . a distance of 0 .59 feet;
• Thence N . 87°30 ' 17" W . a distance of 10 .00 feet;
Thence N . 34°47 '58" W . a distance of 139.01 feet;
Thence N . 56°54 ' 50" W . a distance of 54 .71 feet;
THENCE N . 87°30 ' 17" W . a distance of 74 .74 feet to the True Point of
Beginning .
Containing an area of 11 .093 sq . ft .
Together with Parking Area "A" containing an area of 10 .427 s . f . (Area to be
verified by survey )
TOTAL LEASED AREA 64 ,456 S .F .
-2-
'XHIBIT '9 ,3
N
BILL OF SALE
Plane Space Investments, Inc., a Washington corporation ("Seller"), in
consideration for the sum of $5,000.00, hereby conveys to Paul W. Brendle, II and
JoAnne Brendle, husband and wife (the "Brendles"), and Puget Sound Industries,
Inc., a Washington corporation ("Industries"), jointly and severally (collectively,
the "Buyers"), the personal property and fixtures described on the attached Bill of
Sale Equipment List (the 'Property"). The Property is conveyed without warranty
or representation of any kind, express or implied, and is conveyed pursuant to the
terms of a Business Assets Purchase and Sale Agreement (the "Agreement") dated
RI? June 21, 1994, between Seller and Buyers, to which a copy of this Bill of Sale is
attached as Exhibit D.
Q
Seller hereby acknowledges receipt of the consideration paid by Buyers for
C7)
the Property in the form of an undivided portion of that Promissory Note in the
principal amount of $522,500.00 delivered by Buyers to Seller pursuant to the
Agreement.
IN WITNESS WHEREOF, the parties have signed this Agreement:
PLANE SPACE INVESTMENTS, INC.
By:
Its:
EXHIBIT a
2 . 111
il 'ftre
Paul W. Brendle, II
((fest
%IA/ Sea&
JoAnne Brendle
► PUGET SOUND INDUSTRIES, INC.
By:
By: c)
.0(Inceed(YeANAL
vel
a)
0
0,1
no
- 2 - EXHIBIT 8"' -.
BILL OF SALE
EQUIPMENT LIST
1. One Manlift, located at the real property described on the following
four pages (the "Leasehold Property") at the Closing Date, as defined
in the Agreement.
2. One "Truax Speed Lift" Forklift, located at the Leasehold Property at
the Closing Date, as defined in the Agreement.
3. One "Covetamatic A" Floor Cleaner, located at the Leasehold
Property at the Closing Date, as defined in the Agreement.
01)
4. One Seaplane Dolly, located at the Leasehold Property at the Closing
Date, as defined in the Agreement.
M 5. The Battery Charging Tables located at the Leasehold Property at the
t7'
4:7j Closing Date, as defined in the Agreement.
6. One "Speedair" Compressor, SN 05028-144605, located at the
Leasehold Property at the Closing Date, as defined in the Agreement.
7. All other parts, equipment, expendables or items which remain at the
Leasehold Property at the Closing Date, as defined in the Agreement.
fi
- 3 - EXHIBIT__`
luJUL l7 "�4 M.1D1-11'1 tHLLLT r.C!4
LA00006-81
Addendum#2-86
EXHIBIT "A"
LACd006-B4
Plane Space Investaent Inc.
Beginning at the intersection at tha centerline of Shattuck Avenue
North pith the centerline of Airport Way, said point of intersection lying
North 87'30'17M Beet, a distance of 662.23 feet, troy the centerline inter-
44 section of Logan Avenue North and Airport Nay;
rr
Thence North 02'29'43" East slang the northerly extension of the
G'1
centerline of Shattuck Avenue North a distance of 275.00 feet;
Thence North 87'30'17" West a distance of 61.45 feet;
04
Thence North 02'29'43` East a distance of 23.17 feet to the True Paint
a) of Beginning;
Thence North 43.48'05" west a distance of 54.33 feet to the P.C. of a
tangent curve to the right;
Thence northeasterly along a tangent curve to the tight, having a
radius of 55.00 feat en arc distance of 76.12 feet through a central angle
of 79'18'03" to a point of tangency;
Thence North 35"29'58" East a distance of 13.99 feet;
Thence North 04'49'a3" West a distance of 28.00 feet;
Thence North 83'12'13" East a distance of 19.00 feet;
Thence South 04'49'43" Last a distance of 22.95 feet;
Thence South 87'05'36" East a distance of 37.68 feet;
Thenut NArt!, R7.:.4:7:'15" East a distance of 72.92 feet;
Thence South 04'41'30" East a distance of 79.71 feet;
Thane" North 85'18130" E*at a distanoe of 32.47 feet;
Thence North 83'03'24" Cast a distance of 29.16 feet;
Thence South 02'29'&3" west a distance of 144.59 feet;
Thence North 87'30'17" West a distance of 175.81 feet to the True Point
of Beginning.
Containing enr area of 42,936 square feet.
EXHIBIT 8-1
07/13/94• „10: 45 206-235-2591 RENTON AIRF RT PAGE 04
CITY OF RENTON
MUNICIPAL AIRPORT
PLANE SPACE INVESTMENT, INC.
EAST TIE DOWN LEASE AREA
LEGAL DESCRIPTION
A PARCEL OF LAND SITUATED IN THE NORTHEAST QUARTER OF SECTION 18,
TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M. M KING COUNTY, WASHINGTON
' DESCRIBED AS FOLLOWS;
BEGINNING AT THE INTERSECTION OF CENTERLINES OFAIRPORTWAYAND LOGAN
AVENUE NORTH IN THE CITY OF RENTON;THENCE NORTH 137°90'17"WEST ALONG
THE CENTERLINE OF SAID AIRPORT WAY 882.23 FEET;THENCE NORTH 02°29'43'
d' EAST 218.68 FEET; THENCE NORTH 870 20' 17' WEST 49.31 FEET TO THE TRUE
.4 POINT OF BEGINNING; THENCE NORTH 02° 271 27" EAST 26.54 FEET; THENCE
01) SOUTH 87° 54'39" EAST 138.06 FEET; THENCE SOUTH 012°09'54"EAST 19523 FEET;
cv THENCE SOUTH 02° 29' 43" WEST 31.09 FEET; THENCE NORTH 87° 48' 01' WEST
27.86 FEET; THENCE NORTH 71° 40' 51" WEST 19.92 FEET; THENCE NORTH 44°05'
47" WEST 19.31 FEET; THENCE NORTH 36° 08' 39" WEST 62.93 FEET; THENCE
NORTH 40° 34' 29" WEST 70.09 FEET; THENCE NORTH 40° 14' 52"WEST 19,01 FEET;
THENCE NORTH 69° 32' 58" WEST 20.05 FEET; THENCE NORTH 84° 16' 35" WEST
92.49 FEET TO THE TRUE POINT OF BEGINNING.
CONTAINING 13,363 SQUARE FEET, MORE OR LESS.
Pi A
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Prepared By; f) : sl� ;ale �0°. .
g
Duane Hartman & Associates, Inc. . °�'*IL LAS
Job No. 108.00 EXPIRES 7!411 A4
June 14, 1994 EXHIBIT 8-6-
For
"SFor reference, see DHA drawing titled "Renton Muldpal Airport, Lease Areas, Plane
Space Investment, Inc.", dated June 14, 1994
Duenetsomer &Aesodates.Inc. Surveying to Raid Engineering ' Mapping WoodThfr,waft :0
Niro,
CITY OF RENTON
MUNICIPAL AIRPORT
PLANE SPACE INVESTMENT, INC.
VEHICLE PARKING LOT LEASE AREA
LEGAL DESCRIPTIONt
. A PARCEL OF LAND SITUATED IN THE NORTHEAST QUARTER OF SECTION 18,
TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M. IN KING COUNTY, WASHINGTON
DESCRIBED AS FOLLOWS:BEGINNING ATTHE INTERSECTION OF CENTERLINES OF AIRPORT WAY AND LOGAN
AVENUE NORTH IN THE CITY OF RENTON;THENCE NORTH 87°30' i71WESTALONG
THE CENTERLINE.OF SAID AIRPORT WAY 882.23 FEET;THENCE NORTH 02°29'43"
EAST 141.61 FEET; THENCE NORTH 87° 30' 171 WEST 59,33 FEET TO THE TRUE -
POINT OF BEGINNING; THENCE SOUTH 03° 34' 41" WEST 35.78 FEET; THENCE
SOUTH 31° 56' 3T' WEST 33.51 FEET; THENCE NORTH 89° 15' 05"WEST 74.76 FEET;
THENCE NORTH 21° 31' o7" WEST 24.20 FEET; THENCE NORTH 86° 47' 13' WEST
64.48 FEET; THENCE NORTH 36° 26' 32" EAST 39.28 FEET;THENCE NORTH 70° 26'
51" EAST 31.59 FEET; THENCE SOUTH 87°28' 447 EAST 114.9E FEET TO THE TRUE ,
PAINT OF BEGINNING.
CONTAINING 8,439 SQUARE FEET, MORE OR LESS_
TY
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1L� B. 8tt
6 �,og llAa�,� , c
iv:, —T4 *0. - ;c4 '
o
Prepared By: • A) '
Duane Hartman & Associates, Inc. 4 0.
Job No. 10;.00
June 14, 1994 EXHIBIT �' ��, � 7raei7+ ��,'
For reference, see DHA drawing titled "Renton Municipal Airport. Lease Atmos, Plane
c.,.,.,� Ir,.iccamant Inn " ristr:ri .lune 14, 1994
•
CITY OF RENTON I
MUNICIPAL AIRPORT
PLANE SPACE INVESTMENT, INC.
WEST TIE DOWN LEASE AREA
LEGAL DESCRIPTION
A PARCEL OF LAND SITUATED IN THE NORTHEAST QUARTER OF SECTION 18, •
TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M. IN KING COUNTY, WASHINGTON
DESCRIBED AS FOLLOWS:
BEGINNING AT THE INTERSECTION OF CENTERUNES OF AIRPORT WAY AND LOGAN
AVENUE NORTH IN THE CITY OF RENTON;THENCE NORTH 87°30'17 WEST ALONG
THE CENTERLINE OF SAID AIRPORT WAY 862.23 FEET;THENCE NORTH 02°29' 43'
EAST 151.41 FEET; THENCE NORTH 87° 30' 171 WEST 224.95 FEET TO THE TRUE
POINT OF BEGINNING; THENCE NORTH 04° 48' 43" WEST 188.11 FEET; THENCE
NORTH 65° 08' 62" EAST 55.74 FEET; THENCE SOUTH 45°57' 14° EAST 37.52 FEET
TO THE POINT OF CURVATURE OF A CURVE TO THE RIGHT OF RADIUS 9380 FEET;
THENCE SOUTHEASTERLY ALONG SAID CURVE 3027 FEET TC. THE POINT OF
TANGENCY; THENCE SOUTH 27° 27' 55" EAST 90.88 Fkk I;THENCE SOUTH 50° 14'
31' WEST 98.83 FEET; THENCE SOUTH 58° 14' 5T WEST 47.981-tki TO THE TRUE
POINT OF BEGINNING.
*1'
CONTAINING 17,228 SQUARE FEET, MORE OR LESS.
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Prepared By:
Duane Hartman & Associates, (nu. '; •` l ,,A3`o,• •'
Job No. 108.00 0"4..
`VAI t
June 14, 1994 pcPIRE3 7/2e/14
For reference, see DHA drawing titled "Renton Municipal Airport, Lease Areas, Plane
Space Investment, Inc.", dated June 14, 1994
EXHIBIT
Duane Hartman&f ar.odatas,Ina S nmyhv a Reid En necking a Ilrpphp N1o°dlnvtle,Wachingi n
e]JUL 19 '94 439:1N-ii'I BRUCET V-11tJ . _ ..__ . - _..
4 "� ♦«
• •" I '4041
4411V
LA0 00 -8e
Addendwa 112-66
EXHIBIT "A"
LAC 006-84
Plane Space Investeant Inc_
Beginning at the intersection of the centerline of Shattuck Avenue
North with the centerline of Airport Way, said point of intersection lying • -
North 87'30'27,1 rest, a distance of 062.27 feet, from the centerline inter-
section of Logan Avenue North and Airport Ways
Thence North 02'29'43« East along the northerly extension of the
centerline of Shattuck Avenue North a distance of 275.00 feet;
Thence North 07'30,170 West a distance or 61.45 feat;
Thanoe North 02'29'434 East n distance of 25.17 feet to the True Point
1.4 of Beginning;
Thence North 43'48'05• West a distance of 04.35 feet to the P.C. of a
C'� tangent curve to the right;
O Thence northeasterly along a tangent curve to the right, having04
a
radius of 55.00 feet en arc distance or 76.12 feet through a central angle
-of 79'18'03" to a point of tangency;
CO
Thence North 35'29'56• East a distanco of 63.99 feet;
Thence North 04'49'43• West a distance of 26.00 feet;
Thence Korth 65'12'16' East a distance or 19.00 feet:
Thence South 04'49'43' Laat * distance of 22.95 feet;
Thence South 87'05'36" East a distance of 37.66 feet;
Thenol 4,+rthh W12-15" East a distance or 72.92 feet;
Thence South 04'41'50" East a distance of 79.71 feet;
Thence North 8S'18'30" East a distanoa of 32.47 feet;
Thence North 85'03'24" East a distance of 29.16 feet;
Thence South 02'29'43" west a distance of 144.59 feet;
Thence North 87'30'17" west a distance of 175.81 feet to the True Paint
or Beginning.
Containing an Area or 42,936 square feet.
EXHIBIT c'l
87/13794 10:45 206-235-2591 REH1Ui AIRFTET PACE 84
'r 'w.ry `✓
•
•
CITY OF RENTON
MUNICIPAL AIRPORT
PLANE SPACE INVESTMENT, INC.
EAST TIE DOWN LEASE AREA
LEGAL DESCRIPTION
A PARCEL .OF LAND SITUATED IN THE NORTHEAST QUARTER OF SECTION 18,
TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M. 1N KING COUNTY, WASHINGTON
DESCRIBED AS FOLLOWS;
BEGINNING ATTHE INTERSECTION OF CENTF.RLIN S OFAIRPORTWAYAND LOGAN
AVENUE NORTH IN THE CITY OF RENTON;THENCE NORTH a7°sty it WESTALONG
d' THE CENTERLINE OF SAID AIRPORT WAY 882.23 FEET;"THIENCX NORTH Oe 2p'
EAST 218.68 FEET; THENCE CE NORTH 02° 2T 2T�EAST 28.84 FEET49.81 FEET TO ;RE TRUE THFNCE•
M POINT OF BEGINNING; THEN
c4 SOUM 67°54'33" EAST 13800 E�'1.08ENCE SOUTH e 09'54*EAST FEEf THENCE NORM g7° 48' 01' WEST
23 FEET;
"4 THENCE SOUTH 02° 2943" •
27.86 FEET; THENCE NORTH 71°40' 51" WEST 19.82 Ftki;THENCE NORTH 44°05'
47" WEST 19.91 FEET; THENCE NORTH 36° 08' 39' WEST 62.93 FEET; THENCE
NORTH 40° 34' 29" WEST 70.09 FEET; THENCE NORTH 49° 14'52°WEST 19,91 Ftp1;
THENCE NORTH 69° 32' 58" WEST 20.05 I.-k±1;THENCE NORTH 840 18' 25' WEST
92.49 FEET TO THE TRUE POINT OF BEGINNING.
CONTAINING 13,363 SQUARE FEET, MORE OR LESS.
•
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Prepared By: 4: ..94
Duane Hartman & Associates, Inc. . L LAS
Job No. 108.00 ► DTIRE$ Mt/!4
June 14, 1994 EXHIBIT C• k
For reference, see DHA drawing titled "Rente -papal AlTort, Lease Areas, Plane
Space Investment, Inc.', dated Juno 14, 1994
-- » Haid En eri�Q • Wippttp M4 Tin
Duarte-H ,e�r�er &/lteodetes.Inc. Surveying
•
l
t
CITY OF RENTON
MUNICIPAL AIRPORT .
PLANE SPACE INVESTMENT, INC. •
VEHICLE PARKING LOT LEASE AREA
LEGAL DESCRIPTION (
. A PARCEL OF LAND SITUATED IN THE NORTHEAST QUARTER OF SECTION 18, -
TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M. IN KING COUNTY, WASHINGTON
DESCRIBED AS FOLLOWS:
BEGINNING ATTHE INTERSECTION OF CENTERLINES OFAIRPORTWAYAND LOGAN
• AVENUE NORTH IN THE CITY OF RENTON;THENCE NORTH 87030'ir WEST ALONG
THE CENTERLINE.OF SAID AIRPORT WAY 862.23 I-tkt;THENCE NORTH 02°29'434
EAST 141.61 FEET; THENCE NORTH 87° 30' 17' WEST 5939 FEET TO WE TRUE -
POINT OF BEGINNING; THENCE SOUTH 03° 34' 41' WEST 35.78 FEET; THENCE
SOUTH 31° 56' 3T' WEST 33.51 FEET; THENCE NORTH 89°15'05"WEST 74.76 Ixt;
THENCE NORTH 21° 31' 07" WEST 2420 FEET; THENCE NORTH 86° 47' 13'WEST
ri 64.48 FEET; THENCE NORTH 36° 28' 32" EAST 3928 Ftt i;THENCE NORTH 70°26'
'd' 51° EAST 31.59 FEET; THENCE SOUTH 87°28' 47 EAST 114.98 FEET TO THE TRUE
PAINT OF BEGINNING.
L")
CONTAINING 8,439 SQUARE FEET, MORE OR LESS.
cotr
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,.
4:47 ,:- i• • , .
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Prepared By: ,oma a
Duane Hartman & Associates, Inc. ;oN .' .•:
Job No. 108.00 41.Ln
June 14, 1994 '
EXHIBIT C• 't4
EXPGB 7iallrPi-For reference, see DHA drawing titled "Renton Municipal A4c t, Lease Areas, Plane
Nit
A w M *ire '1101
CITY OF RENTON I
MUNICIPAL AIRPORT
PLANE SPACE INVESTMENT, INC.
WEST TIE DOWN LEASE AREA
LEGAL DESCRIPTION
A PARCEL OF LAND SITUATED IN THE NORTHEAST QUARTER OF SECTION 18,
TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M. IN KING COUNTY, WASHINGTON
DESCRIBED AS FOLLOWS:
BEGINNING AT THE INTERSECTION OF CENTIERIJNES OFAIRPOITFWAYAND LOGAN -
AVENUE NORTH IN THE CITY OF RENTON;THENCE NORTH 87°s0"17"WEST ALONG
THE CENTERLINE OF SAID AIRPORT WAY 882.23 FEET;THENCE NORTH 02°29'43'
EAST 151.41 FEET; THENCE NORTH 87° 30' 1711 WEST 224.98 FEET TO THE TRUE
POINT OF BEGINNING; THENCE NORTH 04° 48' 43" WEST 188.11 FEET; THENCE
NORTH 55° 06' 52" EAST 55.74 I-tt t; THENCE SOUTH 45°57' 14'EAST 37.52 FEET
TO THE POINT OF CURVATURE OF A CURVE TO THE RIGHT OF RADIUS 93.80 FEET;
THENCE SOUTHEASTERLY ALONG SAID CURVE 90.27 FEET To.THE POINT OF
TANGENCY; THENCE SOUTH 27° 27' 55" EAST 90.; Fri;THENCE 80UTH 50° 14'
31" WEST 98.83 FEET; THENCE SOUTH 58° 14' 57'WEST 47.98 >•tt;t TO THE TRUE
POINT OF BEGINNING.
CONTAINING 17,228 SQUARE FEET, MORE OR LESS.
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Prepared
By:
Duane Hartman & Assodat , Inc. 99 t`
Job No. 108.00
June 14, 1894 trims 7 rae t,4 ;
For reference, see DHA drawing titled "Renton Municipal Airport, Lease Areas, Mane
Space Investment, Inc.", dated June 14, 1994
EXHIBIT
Doone Hartlwi a ,tro. c . Rald Engineetim ■ tlepphp Mrnodt,+Am,woottctfi
NiNsie
LAG 006-84 QV-
Addendum #93-94
ADDENDUM TO LEASE AGREEMENT
(City of Renton to Plane Space Investments, Inc.)
THIS ADDENDUM to Lease Agreement LAG 006-84 is effective as of the date
hereinbelow executed by the City of Renton.
RECITALS:
WHEREAS, during a 1992 capital improvement project, sponsored by the Airport,
the location of the airport perimeter road along the south portion of the airport property
was moved to accomodate the installation of an electrically operated gate, and
WHEREAS, the boundaries of the Plane Space Investments, Inc. leased parcel,
referred to as Parking Area "A", which is located south of the perimeter road and is used
as an automobile parking lot, were modified to accomodate the southerly relocation of the
centerline of the south portion of the perimeter road, and
WHEREAS, the Exhibits "A" of the lease and subsequent addendums provide no
metes and bounds description of the parcel referred to as Parking Area "A" and state that
the area is to be verified by survey, and
WHEREAS, no survey of the Parking Area "A" parcel is known to have been
conducted since September 1, 1984, the effective date of lease agreement LAG 006-84
between the two parties, and
WHEREAS, a review of recent computerized mapping of the boundaries of a Plane
Space Investments, Inc. leased parcel, which is located adjacent to and north of the airport
perimeter fence easterly from the main entrance and is used as an aircraft parking area,
indicated that the fence may be situated partially within the parcel, and
WHEREAS, as a result of the relocation of the perimeter fence along the south
portion of the airport perimeter road, the boundaries of the Plane Space Investments, Inc.
leased parcel located north of the airport perimeter fence and westerly from the main
entrance, and is used as an aircraft parking area, could be changed to increase the useable
land area, and
WHEREAS, Plane Space Investments, Inc. was preparing to assign the lease and
requested that the survey of the parcels be conducted, and
WHEREAS, a survey of the three parcels was conducted on June 14, 1994.
ORIGINAL
'fir
NOW, THEREFORE, IT IS HEREBY AGREED AND COVENANTED BY AND
BETWEEN THE CITY OF RENTON AND PLANE SPACE INVESTMENTS, INC.
AS FOLLOWS:
WITNESSETH:
1. The Lessor and Lessee do hereby agree that Exhibits "A-1", "A-2" and "A-3",
Legal Descriptions, attached hereto, of the three surveyed parcels hereinafter referred to
as the Vehicle Parking Lot, the East Tie-down Area and the West Tie-down Area
respectively, and Exhibit "B" Lease Map, attached hereto, are made a part hereof as if
fully set forth herein, subject to restrictions and reservations of record and as further set
forth in Lease Agreement LAG 006-84.
2. The Lessor and Lessee do hereby agree that the revised total area of the three
parcels is 39,030 square feet.
3. The Lessor and Lessee do hereby agree that the revised total leased area,
comprised of the three revised parcels and the parcel upon which the hangar and office
building are situated, is 81,966 square feet.
4. The Lessor and Lessee do hereby agree that the payment of rent at the
increased total area of 81,966 square feet will commence as of August 31, 1994.
5. All other terms and conditions of the original Lease Agreement shall remain in
full force and effect.
PLANE SPACE INVESTMENTS, INC CITY OF RENTONI444 jarYIVIO o‘
Akk
Mayor Z Clymer
PRESIDENT ATTESTAWQA
Title •Marilyn J. Petersen t 1/� cif
City Clerk
J
Brenda Fritsvold
Deputy City Clerk
Files/Leases/P1SpcAd3.doc
ORIOI "
Niati
CITY OF RENTON
MUNICIPAL AIRPORT
PLANE SPACE INVESTMENT, INC.
EAST TIE DOWN LEASE AREA
LEGAL DESCRIPTION
A PARCEL OF LAND SITUATED IN THE NORTHEAST QUARTER OF SECTION 18,
TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M. IN KING COUNTY, WASHINGTON
DESCRIBED AS FOLLOWS;
BEGINNING AT THE INTERSECTION OF CENTERLINES OF AIRPORT WAY AND LOGAN
AVENUE NORTH IN THE CITY OF RENTON; THENCE NORTH 87°30' 17"WEST ALONG
THE CENTERLINE OF SAID AIRPORT WAY 862.23 FEET; THENCE NORTH 02° 29' 43"
EAST 218.68 FEET; THENCE NORTH 87° 30' 17" WEST 49.31 FEET TO THE TRUE
POINT OF BEGINNING; THENCE NORTH 02° 27' 27" EAST 26.34 FEET; THENCE
SOUTH 87° 54' 39" EAST 138.06 FEET; THENCE SOUTH 42° 09' 54" EAST 195.23 FEET;
THENCE SOUTH 02° 29' 43" WEST 31.09 FEET; THENCE NORTH 87° 48' 01" WEST
27.86 FEET; THENCE NORTH 71° 40' 51" WEST 19.92 FEET; THENCE NORTH 44° 05'
47" WEST 19.31 FEET; THENCE NORTH 36° 08' 39" WEST 62.93 FEET; THENCE
NORTH 40° 34' 29" WEST 70.09 FEET; THENCE NORTH 49° 14' 52" WEST 19.91 FEET;
THENCE NORTH 69° 32' 58" WEST 20.05 FEET; THENCE NORTH 84° 16' 35" WEST
92.49 FEET TO THE TRUE POINT OF BEGINNING.
CONTAINING 13,363 SQUARE FEET, MORE OR LESS.
SPtiD B l ;/
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•u2 ,," ' x• • i
Prepared By: ) •tri-. 'cisTwe).-**
Duane Hartman & Associates, Inc. o •• ••
i 'ALLAN.
Job No. 108.00 EXPIRES 7/28/9
June 14, 1994 '1. ,g1
For reference, see DHA drawing titled "Renton Municipal Airport, Lease Areas, Plane
Space Investment, Inc.", dated June 14, 1994
Duane Hartman&Associates, Inc. Surveying • Field Engineering ■ Mapping Woodinville,Washington
CITY OF RENTON
MUNICIPAL AIRPORT
PLANE SPACE INVESTMENT, INC.
WEST TIE DOWN LEASE AREA
LEGAL DESCRIPTION
A PARCEL OF LAND SITUATED IN THE NORTHEAST QUARTER OF SECTION 18,
TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M. IN KING COUNTY, WASHINGTON
DESCRIBED AS FOLLOWS:
BEGINNING AT THE INTERSECTION OF CENTERLINES OF AIRPORT WAY AND LOGAN
AVENUE NORTH IN THE CITY OF RENTON; THENCE NORTH 87°30' 17"WEST ALONG
THE CENTERLINE OF SAID AIRPORT WAY 862.23 FEET; THENCE NORTH 02° 29' 43"
EAST 151.41 FEET; THENCE NORTH 87° 30' 17" WEST 224.96 FEET TO THE TRUE
POINT OF BEGINNING; THENCE NORTH 04° 49' 43" WEST 188.11 FEET; THENCE
NORTH 55° 06' 52" EAST 55.74 FEET; THENCE SOUTH 45° 57' 14" EAST 37.52 FEET
TO THE POINT OF CURVATURE OF A CURVE TO THE RIGHT OF RADIUS 93.80 FEET;
THENCE SOUTHEASTERLY ALONG SAID CURVE 30.27 FEET TO THE POINT OF
TANGENCY; THENCE SOUTH 27° 27' 55" EAST 90.86 FEET; THENCE SOUTH 50° 14'
31" WEST 98.83 FEET; THENCE SOUTH 58° 14' 57" WEST 47.98 FEET TO THE TRUE
POINT OF BEGINNING.
CONTAINING 17,228 SQUARE FEET, MORE OR LESS.
�� • DAB.
,c)0.-6,u S
•
Prepared By: �;� . 4)4,_10,357
Duane Hartman & Associates, Inc. '� ' isf°�'it LA�5N�
Job No. 108.00
June 14, 1994 % EXPIRES 7/28/24 10
For reference, see DHA drawing titled "Renton Municipal Airport, Lease Areas, Plane
Space Investment, Inc.", dated June 14, 1994
Duane Hartman&Associates,Inc. Surveying ■ Field Engineering ■ Mapping Woodinville,Washington
itur
w
CITY OF RENTON
MUNICIPAL AIRPORT
PLANE SPACE INVESTMENT, INC.
VEHICLE PARKING LOT LEASE AREA
LEGAL DESCRIPTION
A PARCEL OF LAND SITUATED IN THE NORTHEAST QUARTER OF SECTION 18,
TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M. IN KING COUNTY, WASHINGTON
DESCRIBED AS FOLLOWS:
BEGINNING AT THE INTERSECTION OF CENTERLINES OF AIRPORT WAY AND LOGAN
AVENUE NORTH IN THE CITY OF RENTON; THENCE NORTH 87°30' 17"WEST ALONG
THE CENTERLINE OF SAID AIRPORT WAY 862.23 FEET; THENCE NORTH 02° 29' 43"
EAST 141.61 FEET; THENCE NORTH 87° 30' 17" WEST 59.33 FEET TO THE TRUE
POINT OF BEGINNING; THENCE SOUTH 03° 34' 41" WEST 35.78 FEET; THENCE
SOUTH 31° 56' 37" WEST 33.51 FEET; THENCE NORTH 89° 15' 05" WEST 74.76 FEET;
THENCE NORTH 21° 31' 07" WEST 24.20 FEET; THENCE NORTH 86° 47' 13" WEST
64.48 FEET; THENCE NORTH 36° 26' 32" EAST 39.28 FEET; THENCE NORTH 70° 26'
51" EAST 31.59 FEET; THENCE SOUTH 87° 26' 40" EAST 114.98 FEET TO THE TRUE
POINT OF BEGINNING.
CONTAINING 8,439 SQUARE FEET, MORE OR LESS.
\)D !3* -&
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Prepared By: 01,` `' •w
•& • .ep10957 •. • ••
Duane Hartman & Associates, Inc. • s'••,GISTE4;.•��
Job No. 108.00 r�NAL LAa41�
June 14, 1994 i EXPIRES 7/28/99- 40
I%
For reference, see DHA drawing titled "Renton Municipal Airport, Lease Areas, Plane
Space Investment, Inc.", dated June 14, 1994
Duane Hartman&Associates, Inc. Surveying • Field Engineering ■ Mapping Woodinville,Washington
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