HomeMy WebLinkAboutAdden 2 Nov Noe
LAG #001-85
ADDENDUM #02-87
LEASE AGREEMENT
CITY OF RENTON TO AIRMASTER, INC.
THIS INDENTURE OF LEASE executed in triplicate, effective as of January 1, 1987
by and between the CITY OF RENTON, a municipal corporation, hereinafter after
referred to as Lessor; and AIRMASTER,. INC. , hereinafter referred to as Lessee:
WITNESSETH:
1. PREMISES LEASED
WHEREAS Lessor has authorized the transfer to the Boeing Employees
Flying Association of certain ground lease areas as described herein.
NOW THEREFORE it is hereby agreed and covenanted by and between the
parties as follows:
Lessor does hereby revise the total existing ground lease area related
to lease LAG 001-85 by deleting the subject parcels of real estate,
being located with the confines of the Renton Airport, Renton, King
County Washington. The remaining property under this lease is legally
described as follows:
See Exhibit "A" Legal description and Exhibit
"B" Lease Map attached hereto and made a part
hereof as if fully set forth herein.
Area of deleted basic ground lease = 124,837.90
Area of deleted Parking Lot A = 7,200.00 sq. ft.
(Together with deletion of Seaplane Ramp Management).
2. RENTAL PAYMENTS
The adjusted rental for lease LAG 001-85 during the balance of the
initial lease term is as follows: Lessee shall and will pay unto Lessor
a reduced ground-space rental per the following schedule:
Basic Ground Lease Area = 131,507.93 sq. ft.
Parking Lot B = 6,724.76 sq. ft.
SUBTOTAL AREA = 138,232.69 sq. ft. @ $.14/sq. ft. per year
TOTAL RENTAL = $ 1,612.72 per month (plus leasehold tax)
Noe tirrr
LAG 001-85
ADDENDUM # 02-87
Page Two
3. RENTAL RATE TERM
Paragraph 2 of Lease Agreement LAG 001-85 shall be revised to read as
follows:
Said rental payments as specified in Paragraph 2 hereof shall continue
until May 31, 1990. Effective as of said date, and every consecutive
three (3) years thereafter, said rental rate as hereinabove specified
shall be readjusted by and between the parties to be effective for each
ensuing three (3) years thereafter. Minimum base rental for any
extended period, that is after May 31, 1990 shall not be less than the
rental specified in Paragraph 2 of this Addendum #02-87, i .e. $1,612.72
per month plus Leasehold Tax.
The balance of Paragraph 2 shall remain the same as in the aforemen- tioned
lease.
4. All other terms, conditions and provisions of Lease Agreement LAG 001-85,
dated January 1, 1985, unless specifically modified and amended by this
agreement and upon it becoming effective, shall remain in full force and
effect.
DATED THIS /o? day of 11P / 1917
AOr
AIRMASTER, INC Washington / CITY OF RENTON, a municipal
corporation111, corporation
4/
�Airfr- I YUWOGVICO .�1. ,S 4kt.rvpoek
Mayor
Re—T,Aiti fief
City Clerk
APPROV AS TO LEGAL FORM:
CITY A TORNEY
4iNge 4110,
STATE OF WASHINGTON) LAG 001-85
)ss ADDENDUM 102-87
COUNTY OF KING )
THIS is to certify that on this 3 D day of 1 19 f 7
before me, the undersigned Notary Public, persona y appeared
gerlaid MAZOILaid; ,
and to me known to be the ".4,04. Atiorim& .,
l
and 4L, acknowledged to me that 44 executed the foregoing instrument for
said . 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 ,, W►s duly and regularly authorized.
GIVEN under my hand an official seal the date last above stated.
/ k
G(� �I
Notary Public in and for the 1tate
of Washington, residing
#6441da .4414444i : (/i/ra
•
Nov Now
LAG 001-85
ADDENDUM #02-87
STATE OF WASHINGTON )
ss
COUNTY OF KING )
This is to certify that on this I3" day of f'87.
before Y0me, the undersignedrNotary Public,npersonally ap ared
X7rbarc �. J hl in)C.k and l�l W ne_ E. e'Eor
to me known to be the duly qualified and acting Mayor and City Clerk
respectively, of the City of Renton, Washington, and acknowledged that they
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 /3 ' day of ai(i, 1987.
ii
Notary Puuic in and for the State
of Washi on, residing at4Rento-n-
Kn c
ver 001-85
AQDENDUM #02-87
EXHIBIT "A"
AIRMASTER INC.
1. BASIC GROUND LEASE AREA:
That portion of the Northwest Quarter of Section 7, Township North
Range 5 East W.M. described as follows:
Commencing at a point 10 feet northerly of the intersection of the
West Margin of Lake Avenue South (formerly Lake Street) with the
centerline of Airport Way S. (formerly Dixie Avenue according to the plat
of Renton Real Estates First Addn. as recorded in Volume 21 Page 50
Records of King County Washington) ;
Thence South 87'30' 17" East on a line 10 feet North of and parallel
to the centerline of Airport Way South a distance of 286.31 feet to its
intersection with the southerly extension of the centerline of the
existing runway of the City of Renton Airport;
Thence along said runway centerline North 4'49' 43" West a distance
of 294.74 feet to a point referred to as Runway Station 0+00;
Thence North 4'49 ' 43" West a distance of 4602.70 feet;
Thence South 85'10 ' 17" West a distance of 375.00 feet to the True
Point of Beginning;
Thence South 85'10' 17" West a distance of 170.18 feet;
Thence North 4'49'43" West a distance of 40.00 feet;
Thence South 85'10 ' 17" West a distance of 170.00 feet;
Thence North 4'53'45" East a distance of 134.27 feet;
Thence North 9'41 ' 17" East a distance of 89.27 feet;
Thence North 57'51 '56" West a distance of 1.96 feet;
Thence North 47'47 '54" West a distance of 11.96 feet;
Thence North 10'21 '02" East a distance of 20.40 feet;
Thence North 11'36' 50" East a distance of 103.95 feet;
Thence North 16'21 '28" East a distance of 29.53 feet;
Thence North 20'35 '40" East a distance of 39.62 feet;
Thence North 20'35' 40" East a distance of 5.48 feet;
Thence North 85'20 '29" East a distance of 240.18 feet;
Thence South 4'49'43" East a distance of 455.57 feet to the True
Point of Beginning.
TOTAL BASIC GROUND LEASE AREA: 131 ,507.93 square feet
LAG 001-85
Noe NNO ADDENDUM #02-87
EXHIBIT "A"
Airmaster Inc.
Page Two
2. PARKING LOT B:
Beginning at a point located on the Renton Airfield Runway
Centerline referred to as STA 0+00;
Thence North 4'49' 43" Westerly along the runway centerline a
distance of 4,443.19 feet;
Thence South 85'10 ' 17" Westerly a distance of 770.72 feet to a point
intersecting the centerline of Perimeter Road;
Thence continuing along the centerline of Perimeter Road North
1'34' 02" Westerly a distance of 86.69 feet;
Thence South 88'25 '58" Westerly a distance of 60.00 feet to a point
on a non tangent curve concave Easterly, said curve has a radius of
874.00 feet and the center which bears South 88'57'31" Eastgerly;
Thence along the arc of said curve a distance of 108.10 feet to a
point on a non tangent curve, which is the True Point of Beginning.
TOTAL AREA OF PARKING LOT B: 6,724.76 square feet.
COMBINED TOTAL GROUND LEASE AREA: 138,232.69 square feet.
1F.05.WJA:mf 4/13/87