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LAG 001-85
ADDENDUM 101-86
LEASE AGREEMENT
CITY OF RENTON TO AIRMASTER, INC.
THIS INDENTURE OF LEASE executed in triplicate, effective as of July I , 1986,
by and between the CITY OF RENTON, a municipal corporation, hereinafter
referred to as Lessor; and AIRMASTER, INC., a Washington corporation, herein-
after referred to as Lessee:
WITNESSETH:
1 . PREMISES LEASED
WHEREAS Lessor has agreed to the return to the Lessor of a
certain ground lease area as described herein, and Lessor
has further established a new end date for the rate term of
all basic ground leases on Renton Municipal Airport,
NOW THEREFORE it is hereby agreed and covenanted by and
between the parties as follows:
Lessor does hereby revise the total existing groundlease
area related to lease LAG 001-85 by deleting the subject
parcel of real estate, being located with the confines of
the Renton Airport, Renton, King County Washington. The
remaining property under this lease is legally described as
follows to-wit:
See Exhibit "A" Legal description and Exhibit
"B" Lease Map attached hereto and made a part
hereof as if fully set forth herein.
(Area of deleted parcel 10,256.21 sq. ft.)
(REVISED Basic ground lease area 256,345.83 sq. ft.)
2. RENTAL PAYMENTS
The adjusted rental for lease LAG 001-85 during the balance of the
initial lease term is as follows: Lessee shall and will pay unto
Lessor a reduced ground-space rental per the following schedule:
Basic Ground Lease area = 256,345.83 sq. ft.
Parking Lots A and B = 13,924.76 sq. ft.
SUBTOTAL = 270,270.59 sq. ft. @ $. 14/sq.ft.per year
= $ 3, 153. 16 per month, plus
Seaplane Ramp Rental = $ 138. 13 per month ( i .e. 4% x subtotal )
TOTAL = $ 3,291 .29 per month (plus Leasehold Tax)
nr
LAG 001-85
ADDENDUM #01-86
Page Two
3. RENTAL RATE TERM
Paragraph 2 of Lease Agreement LAG 001-85 shall be revised to read
as follows:
Said rental payments as specified in Paragraph 2 hereof
shall continue until May 31 , 1990. Effective as of said
date, and every consecutive three (3) years thereafter,
said rental rate as hereinabove specified shall be
readjusted by and between the parties to be effective
for each ensuing three (3) years thereafter. Minimum
base rental for any extended period, that is after May
31 , 1990, shall not be less than the rental specified in
Paragraph 2 of this Addendum #01-86, i .e. $3,291 .29 per
month plus Leasehold Tax.
The balance of Paragraph 2 shall remain the same as in the afore-
mentioned lease.
4. All other terms, conditions and provisions of Lease Agreement LAG
001-85, dated January I , 1985 unless specifically modified and
amended by this agreement and upon it becoming effective, shall
remain in full force and effect.
DATED THIS7i day of - C7ti6` Z 19 (/ �
AIRMASTER, NC. , a Washington CITY OF RENTON, a municipal
corporat• corporation
R
ifiligir / 0.16•0X6.)*At t 40.9 0 Cjf
City Cletk
APPR; 0 AS TO L FORM:
City Attorney
STATE OF WASHINGTON)
)ss
COUNTY OF KING
THIS is to certify that on this 9."7 day of 0(149(4(2-7- 19 J
before me, the undersigned Notary Public, personally appeared
ix cPtAt e
" and
to me known to be the i2ies ti���vi 1. 41e W1Ge ) P4/tC7*
and 110 acknowledged to me that Ite executed the foregoing instrument for
said Eby- tr('G� -t-� ✓� as its free and voluntary act and deed, for
uses and purposes therein stated, and upon oath stated that such execution of
said instrument by "Vis duly and regularly authorized.
GIVEN under my hand an official seal the date last above stated.
' ai(�t9���
Notary Public in and for the State
of Washington, residing /X 4'
I COr>nitt(SS/V i ' gIc e-re S
c1ec,v, 6 , (9g7
10141,
STATE OF WASHINGTON )
) ss
COUNTY OF KING
This is to certify that on this 74'k day of NGiQ.37117', (&o
before� me, the undersigned Notary Public,/� persona ll l y appeared
Barbaro, 7. Shi i1 ock and /Ilml"i IJL�h TY '1'`eA.rs-efr
to me known to be the duly qualified and acting Mayor and City Clerk
respectively, of the City of Renton, Washington, and acknowledged that they
executed the above and foregoing instrument for the City of Renton as the
free and voluntary act and deed of said City for the uses and purposes
therein set forth, and upon oath stated that such execution of said
instrument by them is duly and regularly authorized and that the seal
attached thereto is the corporate seal of the City of Renton.n �p
Given under my hand and official seal this 1 day of 1111 ic_int�1-fl- 19.06
1 0 .4 0f
Notary ' blic in and for the State
of Wa-hi .ton, residing atrrtan ,tYt ,
LAG 001-85
ADDENDUM #01-86
EXHIBIT "A"
AIRMASTER INC.
That portion of the Northwest Quarter of Section 17, Township North
Range 5 East W.M. described as follows:
Beginning at the intersection of Rainier Avenue North and Airport Way
North;
Thence along the centerline of Airport Way North, South 87°30 '17" East
a distance of 744.03 feet to a point where the Renton Airport centerline
intersects Airport Way North;
Thence along said runway centerline North 4°49'43" West a distance of
294.74 feet to a point referred to as Runway Station 0+00;
Thence North 4°49 '43" West a distance of 4272.73 feet;
Thence South 85°10 '17" West a distance of 375.00 feet to the True Point
of Beginning;
Thence South 84°50 '50" West a distance of 373.05
feet;
Thence North 2°05 '50" East a distance of 109.27 feet;
Thence North 00°10' 25" East a distance of 90.06 feet;
Thence North 1°31 '17" West a distance of 159.48 feet;
Thence North 4°53'45" East a distance of 149.26 feet;
Thence North 9°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 103.95 feet;
Thence North 16°21'28" East a distance of 29.53 feet;
Page 1 of 2
L2.A.3
EXHIBIT "A"
�► LAG 001-85
ADDENDUM #01-86
Thence North 20'35 '40" East a distance of 39.62 feet;
Thence North 21'15'40" East a distance of 5.48 feet;
Thence North 85'20 '29" East a distance of 240.18 feet;
Thence South 4°99'43" East a distance of 785.54 feet;
AREA: 256,345.83 square feet.
Page 2 of 2
L2.A.3
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LAG OO| -85
ADDENDUM 01-86
CITY OF RENTON
DEPARTMENT OF ENGINEERING
EXHIBIT V
AIRMASTER INC.
AG
JA —ALE -7
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OLD PROPERTY LINE
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LAG OO| -85
ADDENDUM 01-86
CITY OF RENTON
DEPARTMENT OF ENGINEERING
EXHIBIT V
AIRMASTER INC.
AG
JA —ALE -7