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LAG 05-73
Addendum#08-00
ADDENDUM TO LEASE AGREEMENT
(City of Renton to Puget Sound Energy, Inc)
THIS ADDENDUM to Lease Agreement LAG 05-73 is effective as of the date of
execution by the City of Renton, as indicated on the last page of this addendum.
RECITALS:
WHEREAS, effective September 1, 2000, the land rental rate of$0.28 per square
foot per year was readjusted for the remaining three year period of the lease, and
WHEREAS, the Lessor proposed by letter, dated August 14, 2000, that the land
rental rate be adjusted utilizing the Consumer Price Index-Urban for the Seattle-Tacoma
area, and
WHEREAS, the proposed adjustment would result in a land rental rate increase of
the $0.28 land rental rate to $0.3271 per square foot per year, and
WHEREAS, the proposed adjustment would result in an annual rent increase from
$6,127.79 to $7,158.57, and
WHEREAS, on August 21, 2000, Lessee responded by letter that the proposed
increase was satisfactory
NOW, THEREFORE,IT IS HEREBY AGREED AND COVENANTED BY AND
BETWEEN THE CITY OF RENTON AND PUGET SOUND ENERGY, INC., AS
FOLLOWS:
WITNESSETH:
1. The Lessor and Lessee do hereby agree to a land rental rate of Thirty Two
Point Seven One Cents ($0.3271) per square foot per year, effective September 1, 2000.
2. Lessor and Lessee do hereby agree that the annual land rental rate of Thirty
Two Point Seven One Cents ($0.3271) per square foot per year shall remain in effect until
September 1, 2003.
3. All other terms and conditions of the original Lease Agreement shall remain in
full force and effect.
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LEASE AGREEMENT 05-73 i
City of Renton to Puget Sound Energy,Inc.
Ite
**se LAG 05-73
Addendum#08-00
PUGET SOUND ENERGY, INC. CITY OF RENTON
a Washington Corporation a Municipal Corporation
1 /i"
IiirectorxCorporate Faciries ayor
411
City Cl/k
Approved as to legal form
City Attorney
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LEASE AGREEMENT 05-73 2
City of Renton to Puget Sound Energy,Inc.