HomeMy WebLinkAboutAdden 4 LAG 001-88
Addendum #04-91q
ADDENDUM TO LEASE AGREEMENT
(City of Renton to Bruce J. Leven)
THIS ADDENDUM to lease Agreement LAG#001-88 is effective as of October
28, 1993 and is entered into this /0.day of 199$'
RECITALS:
WHEREAS, on March 10, 1988, Bruce J. Leven, as Lessee, leased three parcels of
land located at the Renton Municipal Airport from the City of Renton, these parcels being
described in the original lease agreement as the West Side Office Property Area
(71,867.03 sqft), the East Side Tie Down Area(70,715.96 sqft), and the Northwest
Hangar Property Area (60,186.95 sqft), a total of leased areas of 202,769.94 square feet,
and
WHEREAS, on January 28, 1993, the City of Renton, as Lessor, and Bruce J.
Leven, as Lessee, did agree to the decrease of the square footage of Leven's Northwest
Hangar Property Area from 60,186.95 sq ft to 48,778.57 sq ft, which reduced the total of
leased areas to 191,361.56 square feet, and
WHEREAS, during August 1993, Bruce J. Leven notified the City of his intention
to sell the 850 Hangar Building to BHC, Inc. and requested that the City terminate that
portion of the original lease which pertains to the Northwest Hangar Property Area and
enter into a new lease with BHC, Inc., and
WHEREAS, on October 25, 1993, the City did approve a lease between the City,
as Lessor, and BHC, Inc., as Lessee, and the City further released Bruce J. Leven from
responsibility for the Northwest Hangar Property Area effective upon execution of the
lease to BHC, Inc., by the Mayor and City Clerk, and
WHEREAS, on October 28, 1993, the lease to BHC, Inc, was executed by the
City.
NOW, THEREFORE, IT IS HEREBY AGREED AND COVENANTED BY AND
BETWEEN THE CITY OF RENTON AND BRUCE J. LEVEN AS FOLLOWS:
ORIGINAL
F
LAG 001-88
Addendum #04-9P/
ADDENDUM TO LEASE AGREEMENT
(Continued)
WITNESSETH:
1. The Lessor and Lessee do hereby agree that Bruce J. Leven is released from all
lease obligations for the Northwest Hangar Property Area effective as of the date of
execution of the lease between the City of Renton and BHC, Inc.
2. The Lessor and Lessee do hereby agree that the square footage of the Lessee's
remaining leased premises subject to this lease is decreased from 191,361.56 square feet to
142,582.99 square feet, the total of leased areas within the West Side Office Property
Area (71,867.03 sqft) and the East Side Tie Down Area(70,715.96 sqft).
3. The Lessor and Lessee do hereby agree that any future subleases, assignments
or other transfer of lease obligations shall require the prior written approval of the City of
Renton.
4. All other terms and conditions of the original Lease Agreement shall remain in
full force and effect.
BRUCE J. L VEN CITY OF RENTON
BY iesi BY
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May•44
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Approved as to legal form C% / ilM►�,
V ity Clerk
Ilkeuelt
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ORIGINAL