HomeMy WebLinkAboutSP-Exceptions 068b_2007092100117620070921001176.----
After Recording, Return To:
Boeing Law Department
7755 East Marginal Way South
Seattle, WA 98108
Attention: Real Estate Counsel
DOCUMENT TITLE: Partial Termination of Lease
00117644.00
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REFERENCE NUMBER(S) OF RELATED DOCUMENTS: 9707030128;
2005050400673,20070911900008
GRANTOR/BORROWER:
The Boeing Company, a Delaware corporation
GRANTEE/ASSIGNEE/BENEFICIARY:
Longacres Park, Inc., a Washington corporation
LEGAL DESCRIPTION: Lot 32, Boeing Longacres BSP, vol. 228, P. 22,
amended by LLR No. LUA 07-068-LLA, Rec. No.
20070911900008.
ASSESSOR'S PARCEL NO(S).: 088670-0320-07
Page I of 5
20070921001176 .:.-
PARTIAL TERMINATION OF LEASE
This Partial Termination of Lease is entered into as of September oLi, 2007 between
Longacres Park, Inc., a Washington corporation ("Lessor") and The Boeing Company, a
Delaware corporation ("Lessee").
Recitals
A. Lessor and Lessee are parties to that certain lease agreement dated June 1, 1997
and recorded in the records of King County, Washington under recording no.
9707030128 (the "Lease") pursuant to which Lessor leases to Lessee and Lessee leases
from Lessor certain real property (the "Leased Property").
B. Lessor intends to sell a portion of the Leased Property and wishes to terminate the
Lease with respect to the land to be sold. Lessee is willing to terminate the Lease with
respect to the land to be sold.
Agreements
For ten dollars and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, Lessor and Lessee hereby agree as follows:
1. Partial Termination of Lease. The Lease is hereby terminated with respect
to the following land (the "Terminated Parcel'):
Lot 32 of Boeing Longacres Property, Second Amended Binding Site
Plan, recorded May 4, 2005 under Recording No. 20050504000673, in
Volume 228 of Plats at Pages 22 through 28, inclusive, in King County,
Washington, as amended by Lot Line Revision No. LUA 07-068-LLA,
recorded September 11, 2007 under Recording No. 20070911900008.
2. Miscellaneous.
2.1 This Partial Termination of Lease will be effective immediately
upon execution and delivery by the parties. Either party if authorized to record this
Partial Termination of Lease in the records of King County, Washington.
2.2 This Partial Termination of Lease may be executed in multiple
counterparts, each of which shall be deemed an original, but all of which, together, shall
constitute but one and the same instrument.
2.3 This Partial Termination of Lease shall be governed by the law of
the State of Washington, without reference to its choice of law rules.
2.4 This Partial Termination of Lease supersedes any prior
agreements, negotiations and communications, oral or written, with respect to this subject
Page 2 of 5
20070921001179_
matter and contains the entire agreement between, and the final expression of, Buyer and
Seller with respect to the subject matter of this Partial Termination of Lease. No
subsequent agreement, representation, or promise made by either party hereto, or by or to
an employee, officer, agent or representative of either party hereto shall be of any effect
unless it is in writing and executed by the party to be bound thereby.
3. Status of Lease.
The Lease continues in full force and effect in accordance with its terms, except
with respect to the Terminated Parcel. On and after the date of this Partial Termination
of Lease, the Lease shall be deemed amended by this Partial Termination of Lease and
all references in the Lease to "this Agreement" "this Lease" "herein" "hereof' and the
like shall be deemed to be references to the Lease as amended by this Partial Termination
of Lease.
IN WITNESS WHEREOF, the parties have executed this Partial Termination of Lease as
of the date first written above.
Longacres Park, Inc.
By: /-/VO
Name: Ala DeFrancis
Title: Authorized Signatory
Date Signed:
Page 3 of 5
The Boeing Company
6
By:
Name: Alan DeFrancis
Title: Authorized Signatory
Date Signed:
20070921001176.==
ALL PURPOSE ACKNOWLEDGEMENT
State of California)
SS
County of Los Anoeles )
On September 19 2007 before me, SUSAN N. JIMENEZ NOTARY PUBLIC
Personally appeared ALAN E. DEFRANCIS
�.,. SUSAN N. IIMEM
COMM. #1670532 z
o
Notary Public • California o,
?
Los Angeles County
COMM. Ex ires May 27, 2010
® Personally known to me
❑ Proved to me on the basis of satisfactory
evidence
to be the person(s) whose name(s) is/are
subscribed to the within instrument and
acknowledged to me that he/sheAhey executed
the same in his/he4their authorized capacities,
and that by his/#e4heir signature(s) on the
instrument the person(s), or the entity upon
behalf of which the person(s) acted, executed the
instrument.
WITNESS
�mmyahand and official seal.
(signature or N a Public)
20070921001176_===
ALL PURPOSE ACKNOWLEDGEMENT
State of California )
SS
County of Los Angeles )
On September 19, 2007 before me, SUSAN N. JIMENEZ, NOTARY PUBLIC
Personally appeared ALAN E. DEFRANCIS
® Personally known tome
❑ Proved to me on the basis of satisfactory
evidence
I SUSAN N. "MEN"
COMM. #7670532 Z
Z'f , Notary Public • California �
1—. Los Angeles County
M Comm. Ez fires Ma 21, 2070
to be the person(s) whose name(s) is/are
subscribed to the within instrument and
acknowledged to me that he/s4e449y executed
the same in hisfber/thek authorized capacities,
and that by his/4e44eir signature(s) on the
instrument the person(s), or the entity upon
behalf of which the person(s) acted, executed the
instrument.
WITNESS my hand and official seal.
4
(Signature or N V
Public)