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Home My WebLink AboutA 9507071004 I '--" J w. � ,j 1 � • • �.• ��-!`v-r�"77� • LAG-�5-001; - ' � ��-- �a�.--f��.S�I/Y( � � . ��--�r �� - - � ,��1 ,9-v�e.�5: . � MEMORANDUM OF GROUND LEASE ��7 This Memorandum is made this � day of July, 1995 by and between the City of Renton, a municipal corporation of the State of Washington ("Landlord"), and , �� Sheridan Properties, L.L.C., a Washington limited liability company ( Tenant ). � � Tenant and Landlord have entered into a Ground Lease dated July 7 , 1995 � (the "Ground Lease"). � O 0 1. Property Description. The pi•operty demised by the Ground Lease is � that certain property situate in the City of Renton, County of King, State of Washington, more particularly desci�ibed in Schedule 1 attached hereto and by this reference incoiporated herein, together with all buildings, snuctures and other improvements now or hereafter located thereon and the appur-tenances thereof(the "Premises"). �; � 2. Term. The term of the Ground Lease commenced upon the date of its � � � execution and shall end (unless extended pursuant to Section 1.B of the Ground � � Lease) at 12:01 a.m. on the second (2nd) anniversary of the commencement date. `" �' Pursuant to Section 1.B of the Ground Lease, provided Tenant shall not then be in � �� .�� default under the Ground Lease, Tenant shall have the option to extend the term of the �, � Ground Lease foi• five (5) successive terms of one (1) year each upon the same teims ;' � and conditions contained in the Ground Lease. :� � <.a , � � � �? 3. Tenant's Option to Repurchase. Under Section 12 of the Ground � � :�.:; Lease, in the event Tenant determines it will not, prior to the expiration of the Tertn, j` �` relocate Tenant's automobile dealership to another location described in the Ground � Lease, then Tenant shall, upon expii�at:on of tl:e Tetm (or such earlier date as Tenant � shall specify) purchase the Preinises fi�om Landlord pursuant to the teims of the � � Ground Lease. � � � � 4. Subject to Ground Lease. The terms of this Memorandum are subject � � in their entu�ety to, and shall Ue conh-olled by, the terms and provisions of the Ground � Lease. � � � � � � �. � � a � � , . a .� 0 � �. ti a � a � � PAGE 1 `t,�,,,, (00000-0000/13A9>]850.007� 7/6/95 5:02 pm � IN WITNESS WHEREOF, Landlord and Tenant have executed this Memorandum on the day and year first set foi-th above. Landlord: City of Renton, a municipal corporation of the State of Washington By: Earl Clymer Its: Mayor Tenant: Sheridan Propei�ties, L.L.C. I � O By: � Howard L. Sheridan � � Its: Manager � �I � STATE OF WASHINGTON ) ) ss. COUNTY OF KING ) , THIS IS TO CERTIFY that on this �7.� day of , 1995, before me, the undersigned, a notaty public in and far the state of W shington, duly � commissioned and swoin, personally appeared EARL CLYMER, to me known to be the Mayor of the City of Renton, a municipal co�poration that executed the within and foregoing insh-ument and acknowledged the said insh�ument to be the free and voluntaiy act and deed of said City for the uses and puiposes therein mentioned, and on oath stated that he was authorized to execute said insh-ument, and that the seal affixed, if any, is the coiporate seal of said Ciry. PAGE2 [00000-0000/Ba951£t�Q007] 7/6/95 5:02 pm � . .. > . . � - �': ,.. . . IN WITNESS WHEREOF, I have hereunto set �ny hand and affixed my official seal the day and year in this cei�tificate above written. "x<Y (� E' r3YEJ:. ; ,�E,'�`� y" S9,��y'1f_1 �•W.. l-� "�*�s ..:oF��J�p ' _ � ,',:�; ,�_'�� "'.y,.l�'� �-,�;'"�'�, ��i°��' " fl Print Name:__G/S,� EP�'f"�/1�.�' �, �;. v.� �� '"��°�,�Y� �` Notary Public in and for the State of Washington, : p�,;;;,;,,��: v �, � ' f��'l7'�1-t_ : A��'�• ��'� . residing at �. ��. � a►:� ,..�,� �; "� �'�;�;�!a.q�� • ;�, - My commission expires: f�—/�---�� ''�;:�, �' sr`: :, �+.� ...� � STATE OF WASHINGTON ) � ) ss. COUNTY OF KING ) On this day of , 1995, before me, the undersigned, a Notary Public in and for th tate of ashington, duly commissioned and sworn, personally appeared Howard . Sheridan to me known to be the person who signed as Manager of Sheridan Propei-ties, L.L.C., the limited liabiliry company that executed 0 the within and foregoing instniment, and acknowledged said inshument to be the free � and vohinta�y act and deed of slid company for the uses and puiposes therein Omentioned, and on oath stated that he was duly qualified and acting as said manager � of the company, that he was authorized to execute said insri-ument and that the seal � affixed, if any, is the seal of said company. � � ; WITNESS my hand and official seal hereto affixed the day and year in this ',.��c�r_tificate above written. % - ��`� �, �'�t..=�. . l:.' �. �1�� 4♦�' ♦ ��;;g`� r �, �a*�, ��+��'.�� '��► �, �: Print Name. ' / � �'��n -^"� ��'�� ;� ':�� Notary P lic in a d for the State of Washington, s��,,�,,�� ,�'��-�z �4',��-�� residing a� � a F ., .,�,,�,,�� , _ �`��,.�`�' .��ju��`"" '` . My commission expu•es:��-�,� �� . � —� PAGE3 [00000-0000/13A951850.007] 7/6/95 5:02 pm . t ' - • - , " . - � � ; Schedule 1 -- �, � ' � , PARCEL A: LOTS 6 AND 7, BLOCR l, SMZTHER'S SIXTH ADDITION TO TFIB TOWN OF RENTON, ACCORDZNG TO THE PLAT THSRBOF, RECORDED ZN VOLiJN�'s 26 OF PLATS, PAGS(S) 47, IN KING COLJNTY, WASHINGTON; TOGETHER WZTH 'I'FIAT PORTION OF TE� ALLEY AD.7ACENT TO SAID LOT 6 VACATED BY CITY OF I RENTON ORDINANCE NiJN�ER 2779, WHICH ATTACF�D BY OPER.ATZON OF LAW. PARCEL B: LOT l, BLOCK 1, MOTOR LZNE ADDITION TO RENTON, ACCORDING TO TSE PLAT THEREOF, i RECOR.DED �N VOLL3ME 9 OF P�T3, PI�►G$(S) 5 0, IN KING COUNTY, WASHZNG�'ON. PARCEL C: LOTS 2 THItOUGH 5, INCLUSIVE, BLOCR 1, MOTOR LZNE ADDITION TO RHNTON, ACCORDING TO � THE PLAT THEREOF, RECORDID IN VOLUN� 9 OF PLATS, PAGS(S) 50, IN RING COLTNTY, O WASHINGTON. � _ � PARCEL D: O ' � LOT 14, BLOCK 2, MOTOR LINE ADDITZON TO RENTON, ACCORDING TO TSE PLAT THEREOF, ' �� RECORDED IN VOLiJI� 9 OF PLATS, PAGE(S) 5 0, ZN ICZNG COUNTY, WASHINGTON; � EXCEPT Tf� EAST 6 FEET TF�REOF CONVEYED. TO TfiE CITY OF RENTON FOR STREET PIIRPOSES BY DEED RECORDED UNDER RECORDING NLJN�ER 910189. PARCEL E: LOT 15, BLOCK 2, MOTOR LINE ADDITZON TO RENTON, ACCORDING TO Tf� PLAT TFiEREOF, RECORDED ZN VOLUME 9 OF PLATS, PAC�E(S) 50, IN KZNG COUNTY, WASHINGTON; EXCEPT TF� EAST 6 FEET TFIEREOF CONVEYED TO Tf� CZTY OF RENTON FOR STREET PURPOSES BY DEED RECORDID UNDER RECORDING NiJN�ER 910200. PARCEL F: LOT 1, BLOCK 2, MOTOR LINE ADDITION TO RENTON, ACCORDIN(3 TO TF�s PLAT TF�REOF, RECORDED IN VOLL7ME 9 OF PLATS, PAGE(S) 50, IN KING COtJNTY, WASHINGTON, MORS PARTICUI.ARLY DESCRIBID AS TFiAT PART OF BLOCK 2, SAID MOTOR LINS ADDITION TO RENTON, LYING SOUTFiERLY OF A LINE WHZCH IS PARALLEL WITH AND 66 FEfiT SOUTHERLY FROM THE SOLTTFiERLY LINE OF LOTS 2 AND 18 OF SAID BLOCR 2. � PARCEL G: �', LOTS 16 AND 17, BLOCK 33, SMITF�R'S FIRST ADDZTION TO TH8 TOWN OF RENTON, ACCORDING TO THE PLAT TI�REOF, RECORDED ZN VOLLI� 9 OF PLATS, PAGE(S) 17, IN KING COUNTY, WASHZNGTON; EXCEPT THAT PORTION OF SAID LOT 16 CONVEYED TO THE CITY OF R�1TON FOR STREET, ALLEY AND ANY OTf�R PIIBLIC USES �1ND PURPOSES BY DESD RECORD� UNDER RfiCOR.DING NU1�ER 7401170345. , PARCEL H: LOTS 18 THROUGH 21, INCLUSIVE, BLOCR 33, SMITE�R'S FIRST ADDITION TO TFIE TOWN OF RENTON, ACCORDING TO THE PLAT Tf�REOF, RECORDED IN VOLTJI� 9 OF PLATS, PAGF(S) 17, IN KING COUNTY, WASHZNGTON. I