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HomeMy WebLinkAboutSP-Exceptions 068d_20131206001377Documents resided by Data -tree LLC vie Ws proprietary imaging and delivery system. Copyright 2003, All rlgbbi reservetl. 20131206001377.001 gr After Recording, Return To: Boeing Law Department 7755 East Marginal Way South Seattle, WA 98108 Attention: Real Estate Counsel 1111111111111111111111111111111111p� 20 I31206001311 KING COUNTY. JA DOCUMENT TITLE: Partial Termination of Lease REFERENCE NUMBER(S) OF RELATED DOCUMENTS: 199707030128; 20030221002404;20040108000164; 20050504000673 GRANTOR/BORROWER: The Boeing Company, a Delaware corporation GRANTEE/ASSIGNEE/BENEFICIARY: Longacres Park, Inc., a Washington corporation LEGAL DESCRIPTION: Portions of Lots 1-4, 7 & 9, BOEING LONGACRES PROPERTY, SECOND AMENDED BINDING SITE PLAN NO. LUA-02-022-BSP (228/2) rec. 20050504000673 and Lots 27, 28 & 30, LLA 07-068 rec. 20070911900008 ASSESSOR'S PARCEL NO(S): 088670-0010-02, 088670-0020-00, 088670-0030-08, 088670-0040-06, 088676-0070-09, 088670-0090-05, 088670-0270-07, 088670-0280-05, 088670-0300-01 Page I of 7 Documents prodded by Dpoi-t ee LLC vie Ws proprietary Imaging and delivery system. Copyright 2DD3, All rlgh� reserved 20131206001377.002 PARTIAL TERMINATION OF LEASE This Partial Termination of Lease is entered into as of August 1, 2013 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: I. Partial Termination of Lease. The Lease is hereby terminated with respect to the land as legally described on Exhibit A (the "Terminated Property"). 2. Miscellaneous. 2.1 This Partial Termination of Lease will be effective immediately upon execution and delivery by the parties. Either party is 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 matter and contains the entire agreement between, and the final expression of, Lessor and Lessee 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. Page 2 of 7 Documents prodded by DaoiTree LLCvia ifs proprietary Imaging and delivery system. Copyright 2DO3, All dgh, reserved 20131206001377.003 3. Status of Lease. The Lease continues in full force and effect in accordance with its terms, except with respect to the Terminated Property. 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. Nam :• IktOer Title: ^uulunima $jwiy/ Date Signed: I �;/ I -�> Page 3 of 7 The Boeing Company By: Name: E. SaFdln Br Title: Mry Date Signed: Q 15 43 Documents prodded by Dpoi-t ee LLC vie Ws proprietary Imaging and delivery system. Copyright 2Do3, All rlgh� reserved 20131206001377.004 STATE OF WASHINGTON COUNTY OF KING ss ACKNOWLEDGMENT 1 certify that 1 know or have satisfactory evidence that Stun 56h tr,Y is the person who appeared before me and said person acknowledged that he signed this instrument, on oath stated that he was authorized to execute the instrument and acknowledged it as the Authorized Signatory of Longacres Park, Inc. to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. WITNESS my hand and official seal hereto affixed this 5 day of ber_GWt(5e11 2013. Notary Is Notary Public State 01 Washington ARLENE C RICE My Appointment Expires Aug 1]2016 Page 4 of 7 akav=e� ma2- Notary Public in and for the State o Washington Residing at My commission expires: / —4) e- I v_ ft. R I B-e Type or Print Notary Name Documents prodded by Dpoi-t ee LLC vie Ws proprietary Imaging and delivery system. Copyright 2Do3, All rlgh� reserved 20131206001377.005 STATE OF WASHINGTON COUNTY OF KING ss ACKNOWLEDGMENT I certify that 1 know or have satisfactory evidence that er is the person who appeared before me and said person acknowledged that he signed this instrument, on oath stated that he was authorized to execute the instrument and acknowledged it as the Authorized Signatory of The Boeing Company to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. WITNESS my hand and official seal hereto affixed this C; L day of —�:Uyr.P_vwbliii 2013. Notary Notary Public in and for the State o Washington Residing at--AP_n,roi1 r y commission expires: aO Notary Public n r/ G q P— i (' State of Washington J—+ ARLENE C RICE Type or Print Notary Name ,.My Appointment Expired Aug 15, 2016, Page 5 of 7 Documents prodded by Dpoi-t ee LLC via Ws proprietary Imaging and delivery system. Copyright 2DO3, All rlgh� reserved 20131206001377.006 EXHIBIT A LEGAL DESCRIPTION OF THE TERMINATED PROPERTY PARCELI: Those portions of Lots 1, 2, 3, 4, 7, and 9, of BOEING LONGACRES PROPERTY, SECOND AMENDED BINDING SITE PLAN NO. LUA-02-022-BSP, recorded May 4, 2005 in Volume 228 of Plats, pages 22 through 28, as Recording No. 20050504000673, in King County, Washington, described as follows: A portion of Lot 1, Parcel I, of said BOEING LONGACRES PROPERTY, SECOND AMENDED BINDING SITE PLAN described as follows: Beginning at the Southwest corner of Lot 1 of said Binding Site Plan; thence North 89059'17" East, along the South line of said Lot 1, a distance of 46.33 feet to the intersection with a curve to the left whence the center bears South 73037'37" West a distance of 2,009.86 feet; thence along said curve through a central angle of 02031'37", an arc length of 88.64 feet; thence South 71006'00" West a distance of 17.50 feet to the intersection with the West line of said Lot 1; thence South 02007'00" West, along said South line, a distance of 78.86 feet to the true point of beginning. TOGETHER WITH the Westerly 50 feet of Lot 2, Parcel I, of said BOEING LONGACRES PROPERTY, SECOND AMENDED BINDING SITE PLAN. As measured parallel with, abutting and adjoining the Easterly margin of the Burlington Northern Santa Fe Railroad right of way line. TOGETHER WITH the Westerly 50 feet of Lot 3, Parcel I, of said BOEING LONGACRES PROPERTY, SECOND AMENDED BINDING SITE PLAN. As measured parallel with, abutting and adjoining the Easterly margin of the Burlington Northern Santa Fe Railroad right of way line. TOGETHER WITH a portion of Lot 4, Parcel I, of said BOEING LONGACRES PROPERTY, SECOND AMENDED BINDING SITE PLAN, described as follows: Beginning at the Northwest corner of Lot 4 of said Binding Site Plan, said point being a point on the Easterly margin of the Burlington Northern Santa Fe Railroad right of way; thence North 89059'15" East, along the North line of said Lot 4, a distance of 50.03 feet; thence South 02006'43" West a distance of 153.05 feet; thence North 87053'17" West a distance of 50.00 feet to the intersection with the West line of said Lot 4 and said railroad margin; thence North 02006'43" East, along said West line and margin, a distance of 151.20 feet to the true point of beginning. TOGETHER WITH a portion of Lot 7, Parcel I of said BOEING LONGACRES PROPERTY, SECOND AMENDED BINDING SITE PLAN, described as follows: Beginning at the Southwest corner of Lot 7 of said Binding Site Plan and being a point on the Easterly margin of the Burlington Northern Santa Fe Railroad right of way; thence South 87014'40" East, along the South line of said Lot 7, a distance of 50.00 feet; thence North 02006'43" East a distance of 130.09 feet; thence North 87053'17" West a distance of 50.00 feet to the intersection with the West line of said Lot 7 and said railroad margin; thence South Page 6 of 7 Documents prodded by Dpoi-t ee LLC via Ws proprietary Imaging and delivery system. Copyright 2Do3, All rlgh, reserved 20131206001377.007 02006'43" West, along said West line and margin, a distance of 129.52 feet to the true point of beginning. TOGETHER WITH a portion of Lot 9, Parcel I of BOEING LONGACRES PROPERTY, SECOND AMENDED BINDING SITE PLAN NO. LUA-02022-BSP, recorded May 4, 2005 in Volume 228 of Plats, pages 22 through 28, as recorded under King County Recording No. 20050504000673, in King County, Washington, described as follows: Beginning at the Northwest corner of Lot 9 of said Binding Site Plan and being a point on the Easterly margin of the Burlington Northern Santa Fe Railroad right of way; thence South 87014'40" East, along the North line of said Lot 9, a distance of 50.00 feet; thence South 02006'43" West a distance of 462.80 feet to the Northerly right of way margin of Strander Boulevard; thence North 8302526" West, along said Northerly margin, a distance of 22.07 feet; thence North 02006'11" East a distance of 17.77 feet; thence South 8805745" West a distance of 28.04 feet to the intersection with the West line of said Lot 9 and said railroad margin; thence North 02006'43" East, along said West line and margin, a distance of 445.41 feet to the true point of beginning. PARCELII Those portions of Lots A, B, C, and D of CITY OF RENTON LOT LINE ADJUSTMENT NO. LUA-11- 049-LLA, as recorded in Volume 301 of Surveys, Pages 226-231, in King County, Washington, and being formerly known as portions of Lots 27, 28, and 30, BOEING LONGACRES PROPERTY, SECONDED AMENDED BINDING SITE PLAN NO. LUA-02-022-BSP, recorded May 4, 2005 in Volume 228 of Plats, pages 22 through 28, as Recording No. 20050504000673, in King County, Washington, as amended by Lot Line Revision No. LUA 07-068-LLA, recorded September 11, 2007 as Recording No. 20070911900008, described as follows: A portion of Lot "B" of said City of Renton Lot Line Adjustment, formerly known as Lot 27 of Parcel II of said Lot Line Revision, described as follows: Beginning at the Southwest corner of said Lot "B"; thence North 02006'43" East, along the West line thereof, a distance of 262.25 feet to the intersection with the Southerly right of way margin of Strander Boulevard; thence North 8203924" East, along said Southerly margin, a distance of 26.36 feet; thence South 02006'43" West a distance of 265.63 feet to the South line of said Lot "B"; thence South 89059'09" West, along the South line thereof, a distance of 26.02 feet to the true point of beginning. TOGETHER WITH the Westerly 26 feet of Lot "C" of said City of Renton Lot Line Adjustment, formerly known as Lot 28 of Parcel II of said Lot Line Revision. As measured parallel with, abutting and adjoining the Easterly margin of the Burlington Northern Santa Fe Railroad right of way line. TOGETHER WITH the Westerly 26 feet of Lot "D" of said City of Renton Lot Line Adjustment, formerly known as Lot 30 of Parcel II of said Lot Line Revision. As measured parallel with, abutting and adjoining the Easterly margin of the Burlington Northern Santa Fe Railroad right of way line. EXCEPT that portion conveyed by the City of Renton to the Burlington Northern Railroad Company as recorded under 20050303000964, Records of King County, Washington. Page 7 of 7