HomeMy WebLinkAboutRenton School Ground Lease 20230509000500 Instrument Number: 20230509000500 Document:LE Rec: S207.50 Page-1 of 5
Record Date:5/9/2023 12:03 PM
Electra-dully Recorded King County,WA
WHEN RECORDED RETURN TO:
City of Renton
City Clerk's Office
1055 South Grady Way
Renton, WA 98057
MEMORANDUM OF GROUND LEASE
16022 116th Ave SE, Renton
Recorded st the request of
FIDELITY NATIONAL TITLE
Order# \\2°t°\7410
Grantor: RENTON SCHOOL DISTRICT NO. 403, a Washington municipal
corporation(Landlord)
Grantee: CITY OF RENTON, a Washington municipal corporation(Tenant)
Legal Description: Lot 2,City of Renton Short Plat No. LUA20-000024, Recording No.
20220119900020, in King County, Washington
Assessor's Parcel Account Number(s): 282305-9034
MEMORANDUM OF GROUND LEASE
THIS MEMORANDUM OF GROUND LEASE is executed as of C /,3 rA, 2022, by and
between RENTON SCHOOL DISTRICT NO. 403, A Washington municipal corporation
("Landlord"), and the CITY OF RENTON, a Washington municipal corporation("Tenant").
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WHEN RECORDED RETURN TO:
City of Renton
City Clerk's Office
1055 South Grady Way
Renton,WA 98057
MEMORANDUM OF GROUND LEASE
16022 116th Ave SE, Renton
Recorded at the retreat of
FIDELITY NATIONAL TITLE
Order# \\2°‘°c/
Grantor: RENTON SCHOOL DISTRICT NO. 403, a Washington municipal
corporation(Landlord)
Grantee: CITY OF RENTON, a Washington municipal corporation(Tenant)
Legal Description: Lot 2, City of Renton Short Plat No. LUA20-000024, Recording No.
20220119900020, in King County, Washington
Assessor's Parcel Account Number(s): 282305-9034
MEMORANDUM OF GROUND LEASE
THIS MEMORANDUM OF GROUND LEASE is executed as of2;kC /,� ' , 2022, by and
between RENTON SCHOOL DISTRICT NO. 403, A Washington municipal corporation
("Landlord"), and the CITY OF RENTON, a Washington municipal corporation("Tenant").
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AGREEMENT
1. Landlord and Tenant have entered into a Ground Lease dated September 30, 2020 (the
"Lease")pursuant to which Landlord will lease to Tenant and Tenant will lease from Landlord a
parcel of real property on a portion of the property commonly known as 16022 116th Ave SE,
Renton, Washington, upon which Tenant will construct a building (the "Premises") legally
described on Exhibit A attached hereto, and by this reference incorporated herein. The Lease
commenced on January 31,2022,and will continue for an initial term of fifty(50)years.The Lease
contains three (3) additional ten (10)-year Tenant renewal options which upon exercise and
approval by Landlord would extend the term of the Lease to a total of eighty(80) years from the
commencement date of the Lease.
2. This Memorandum Lease is executed solely for the purpose of giving notice to the public
of the existence of the Lease, the terms and conditions of which are expressly incorporated herein
by reference for all purposes as though fully set forth herein.
3. Should there be any inconsistency between the terms of this instrument and the Lease
incorporated herein, the terms of said incorporated Lease shall prevail.
[Signature Page Follows]
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IN WITNESS WHEREOF, the parties hereto have executed this Memorandum of Lease
as of the day and year first written above.
LANDLORD:
RENTON SCHOOL DISTRICT NO. 403, a
Washington municipal corporation
By:
• ame: QJ'( p1-61/i_&.0-dt
Its: c3-1, Jr, 11. {Mill.(
TENANT:
CITY OF RENTON, a Washington municipal
corporation
By:
Print Name: Ar ondo Pavone
Its: Mayor
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STATE OF �e%�1(h,j�,� )
) ss.
COUNTY OF /1/i!l )
I certify that I know or have satisfactory evidence that ,er, /2fp424. , is the
person who appeared before me, and said person acknowledged tha _ she signed this instrument,
on oath stated that he was authorized to execute the instrument and acknowledged it individually
and int'her capacity as the Jrelq,Iknd�f of RENTON SCHOOL DISTRICT NO. 403 to be
the free and voluntary act of suchparty for the uses and purposes mentioned in the instrument.
Dated: /3 ,02024
SANDRA M DOLPH (Signature)
Notary Public
State of Washington Ca/drr /4, Deri,h
Commission# 145487 (Name legibly printed or stamped)
My Comm. Expires Nov 27, 2025
Notary Public in and for the State
of (,/9& y. son ,
residing at
My appointment expires 1/A2,740.25"
STATE OF Wlic{ q -t )
U ) ss.
COUNTY OF KA.A. )
I certify that I know or have satisfactory evidence that 4irmc ti 1241,v7M, is the person
who appeared before me, and said person acknowledged thatei ✓she signed this instrument, on
oath stated thati'E "she was authorized to execute the instrument and acknowledged it as the
thettvr of the CITY OF RENTON to be the free and voluntary act of such party for
el and purposes mentioned in the instrument.
Dated: 7 nrcy mt,jaek_ ,�vsa..
ilia,
`ggA Mc ►i /nY�1
� , \�110N�A,,
o OTAR� NOTARY PUBLIC in and for the State
N " 49217 s of c h�.r -f
-A liBt. =p residing at .5 a&1 .�
/ n ;Q9,,,,,,,,.AG�� My commission expires: ►►/oq/av of
WAS
/,/►►►►O 1� N`���,
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EXHIBIT A
Legal Description
KING COUNTY PARCEL ID NUMBER:
LEGAL DESCRIPTION:
Lot 2, City of Renton Short Plat No. LUA20-000024, Recording No. 20220119900020, in King
County, Washington.
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