The URL can be used to link to this page

Home My WebLink AboutAdden 5LAG 12-004 Amendment 5-21 Amendment No. 5 to Lease Agreement LAG 12-004 1 City of Renton to Bosair, LLC AMENDMENT TO LEASE AGREEMENT (City of Renton to Bosair, LLC) THIS AMENDMENT (“Amendment”) No. 5 to Lease Agreement LAG 12-004 is effective as of the last date signed by the Parties below. RECITALS: WHEREAS, Bosair, LLC (hereinafter “Tenant”) has a Lease Agreement with the City of Renton (hereinafter “Landlord”) (Tenant and Landlord are the “Parties”), LAG 12- 004, executed on October 1, 2012, and subsequently amended (LAG 12-004, together with its amendments, is hereinafter the “Lease”); and WHEREAS, pursuant to Appendices 1 and 2 to the Lease, the Parties have anticipated that certain hangar extension work would be conducted by Tenant on the Premises during the term of the Lease, and Tenant has recently begun a portion of such work (hereinafter, such work is the “2021 Construction Work”), subject to applicable review and approvals by Landlord which are being addressed separately from this Amendment; and WHEREAS, Tenant has determined that the 2021 Construction Work necessitates use of an area adjacent to Premises which is currently unleased but which was most recently leased by Kaynan, Inc. as a portion of the premises subject to Airport lease numbers LAG-03-004 and LAG-011-85. The portion of the former Kaynan, Inc. premises that are at issue in this Amendment are hereinafter referred to as the “2021 Expansion Area” are depicted in attached Exhibit 5-A and legally described in attached Exhibit 5-B; and WHEREAS, Landlord and Tenant are willing to amend the Lease to add the 2021 Expansion Area into the Lease via this Amendment, subject to the terms set forth in this Amendment; 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 SET FORTH BELOW: WITNESSETH: 6/22/2021 LAG 12-004 Amendment 5-21 Amendment No. 5 to Lease Agreement LAG 12-004 3 City of Renton to Bosair, LLC Approved as to legal form: Shane Moloney, City Attorney Exhibit List: x Exhibit 5-A: Map depiction of 2021 Expansion Area x Exhibit 5-B: Terms and Conditions Regarding 2021 Expansion Area Approved by Alex Tuttle via 6/1/2021 email LAG 12-004 Amendment 5-21 Amendment No. 5 to Lease Agreement LAG 12-004 4 City of Renton to Bosair, LLC EXHIBIT 5-A: Map Depiction of 2021 Expansion Area [See following page.]