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LAG 005-91
Addendum #01-92
ADDENDUM TO LEASE AGREEMENT
(City of Renton to Northwest Seaplanes, Inc.)
THIS ADDENDUM to Lease Agreement LAG #005-91 is effective as of March
1, 1992 and entered into this /7A, day of G � , 1992.
RECITALS:
WHEREAS, the City of Renton did, on October 17, 1991, approve the transfer of
a portion of airport land then leased by the Boeing Employee Flying Association (BEFA)
by Lease Agreement LAG 001-85 to Northwest Seaplanes, Inc., and
WHEREAS, the City of Renton did also on October 17, 1991, approve the release
of the Boeing Employee Flying Association (BEFA) from that portion of Lease
Agreement LAG 001-85 which pertains to the basic ground lease of 71,320.98 square
feet, said release to be effective upon the execution of a new lease between the City of
Renton and Northwest Seaplanes, Inc., and
WHEREAS, the City of Renton and the Lessee previously entered into Lease
Agreement 005-91, dated November 14, 1991, with a term of twenty eight (28) years
commencing on January 1, 1992 and terminating on December 31, 2019, for the lease of
71,320.98 square feet of unimproved real estate in an "as is" condition, said Lease
establishing the monthly rental of One Thousand Seven Hundred Eighty Three Dollars
and Three Cents ($1,783.03), computed at the annual rate of Thirty Cents ($0.30) per
square foot, and
WHEREAS, Lease Agreement 005-91 approved the construction of aircraft
hangar(s), subject to review and approval by the City of Renton, and, in addition
thereto, normal building and zoning permit approvals as required by law, and
WHEREAS, Northwest Seaplanes, Inc. did, in order to locate a proposed T-
hangar building a distance of seventy five feet North of the building located on the
premises leased to Mr. Bruce Leven and commonly referred to as the 850 Building,
subsequently request approval of the transfer of Eleven Thousand Four Hundred Eight
Decimal Thirty Eight (11,408.38) square feet of the ground area included in Mr. Leven's
Lease Agreement 001-88, to Northwest Seaplanes, Inc., and
WHEREAS, Northwest Seaplanes, Inc. did further request that Mr. Bruce Leven
be released from responsibility for the ground area so transferred to Northwest
Seaplanes, Inc., and
WHEREAS, the City of Renton did, on January 6, 1992, approve the transfer of
11,408.38 square feet from Mr. Bruce Leven's Lease Agreement LAG 001-88 to
Northwest Seaplanes, Inc.'s Lease Agreement 005-91, and released Mr. Bruce Leven
from responsibility for this lease area effective upon receipt, and approval by the City
Attorney, of a written agreement between Mr. Bruce Leven and Northwest Seaplanes,
and
LAG 005-91
Addendum #01-92
WHEREAS, on January 28, 1992, the City Attorney did approve the written
agreement between Mr. Bruce Leven and Northwest Seaplanes, Inc., dated January 23,
1992, and Lessee was notified by letter dated February 5, 1992 of the acceptance of said
agreement.
NOW, THEREFORE, IT IS HEREBY AGREED AND COVENANTED BY AND
BETWEEN THE CITY OF RENTON AND NORTHWEST SEAPLANES, INC. AS
FOLLOWS:
WITNESSETH:
1. The Lessor and Lessee do hereby agree that the square footage of the Lessee's
leased premises subject to this lease be increased from 71,320.98 square feet to 82,729.36
square feet, the result of the transfer to Lease Agreement LAG 005-91 of 11,408.38
square feet from Lease Agreement LAG 001-88, the new total leased premises area
constituting the square footage as described by the legal description hereto attached and
made a part hereof.
2. The Lessor and Lessee do hereby agree to a rental rate of Two Thousand
Sixty Eight Dollars and Twenty Three Cents ($2,068.23) per month, computed at an
annual rate of Thirty Cents ($0.30) per square foot, said rental rate to be effective as of
March 1, 1992.
3. The Lessor and Lessee do hereby agree that Northwest Seaplanes, Inc. shall
assume all lease obligations for the parcel so transferred as of March 1, 1992.
4. All other terms and conditions of the original Lease Agreement shall remain
in full force and effect.
NORTHWEST SEAPLANES, INC. CI • RENTON
BY BY u. •
or
7ke51211"-1 )7)1 AA& 4r '14/
Cr ?lerk
Approv•d-4s to legal form
City Attornoy �,'
*Inr°
LAG 005-91
Addendum 01-92
EXHIBIT "A"
NORTHWEST SEAPLANES
That portion of the Northwest Quarter of Section 7, Township 23 North Range 5
East W.M. described as follows:
Commencing at a point 10 feet northerly of the intersection of the West Margin
of Lake Avenue South (formerly Lake Street) with the centerline of Airport Way S.
(formerly Dixie Avenue according to the plat of Renton Real Estate First Addn. as
recorded in Volume 21, Page 50 Records of King County Washington);
Thence South 87°30'17" East on a line 10 feet North of and parallel to the
centerline of Airport Way South a distance of 286.31 feet to its intersection with the
southerly extension of the centerline of the existing runway of the City of Renton
Airport;
Thence along said runway centerline North 04°49'43" West a distance of 294.74
feet to a point referred to as Runway Station 0+00;
Thence North 04°49'43" West a distance of 4,792.70 feet;
Thence South 85°10'17" West a distance of 375.00 feet;
Thence South 04°49'43" East a distance of 22.50 feet to the True Point of
Beginning;
Thence South 85°10'17" West a distance of 318.44 feet;
Thence North 04°53'45" East a distance of 4.75 feet;
Thence North 09°41'17" East a distance of 89.27 feet;
Thence North 57°51'56" West a distance of 1.96 feet;
Thence North 47°47'54" West a distance of 11.96 feet;
Thence North 10°21'02" East a distance of 20.40 feet;
Thence North 11°36'50" East a distance of 1.69 feet;
leo
LAG 005-91
Addendum 01-92
EXHIBIT "A" (Continued)
NORTHWEST SEAPLANES
Thence North 11°36'50" East a distance of 102.26 feet;
Thence North 16°21'28" East a distance of 29.53 feet;
Thence North 20°35'40"East a distance of 39.62 feet;
Thence North 20°35'40" East a distance of 5.48 feet;
Thence North 85°20'29" East a distance of 240.18 feet;
Thence South 04°49'43" East a distance of 287.97 feet to the True Point of
Beginning.
AREA: 82,729.36 Square Feet
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