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Return Address:
City Clerk's Office
City of Renton
1055 S. Grady Way
Renton WA 98055
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1999090100156,
OP901GOE11@011 OF 004
DocumentTitle(s): LAG -85-011, Adden. #3-99
Addendum to Lease Agreement Between The City of Renton and Kaynan Corporati
Reference Number(s) of Documents assigned or released:
[on page of document(s)]
Grantor(s) (Last name first, then first name and initials):
1. City of Renton
2.
3.
4. ❑ Additional names on page of document
Grantee(s) (Last name first, then first name and initials):
1. Kaynan Corporation
2.
3.
4. ❑ Additional names on page of document
Legal Description (abbreviated: i.e. lot, block, plat or section, township, range):
Northeast Quarter of Section 18, Township 23 North, Range 5 East, W.M.,
in King County, Washington.
❑ Additional legal is on page of document
Assessor's Property Tax Parcel/Account Number:
❑ Additional legal is on page of document
The Auditor/Recorder will rely on the information provided on the form. The staff will not read the
document to verify the accuracy or completeness of the indexing information provided herein.
1
on
LAG 011-85
Addendum #03-99
(City of Renton to Kaynan Corporation)
THIS ADDENDUM to Lease Agreement LAG 011-85 is effective as of the date of
execution by the City of Renton, as indicated on the last page of this addendum.
RECITALS:
WHEREAS, during July 1997, the land rental rate for the approximately 27,885 square
feet of land area leased by Kaynan Corporation was established at $0.27 per square foot per
year, such rate to continue until June 1, 1999, and
WHEREAS, both parties agreed to make adjustments to the land rental rate based upon
the Consumer Price Index - Urban, for three-year periods commencing June 1, 1999, and
WHEREAS, the Consumer Price Index - Urban, Seattle -Tacoma area, for the first half-
year of 1996 was 155.6, and
WHEREAS, the Consumer Price Index - Urban, Seattle -Tacoma area, currently in effect
for the first half-year of 1999 is 168.9.
NOW, THEREFORE, IT IS HEREBY AGREED AND COVENANTED BY AND
BETWEEN THE CITY OF RENTON AND KAYNAN CORPORATION, AS
FOLLOWS:
WITNESSETH:
1. The Lessor and Lessee do hereby agree that the increase of the CPI -U from June 1,
1996 to June 1, 1999 is calculated as 168.9-155.6=13.300/155.6=0.0855 or 8.55%, and
2. Lessor and Lessee do hereby agree that the 8.55% increase results in a per -square -
foot rent increase from $0.270 to $0.2931, an annual rent increase from $7,528.95 to $8,173.09
for the approximately 27,885 square feet of land area leased by Kaynan Corporation, and
3. Lessor and Lessee do hereby agree that the annual rate of Twenty Nine and 31/100
Cents ($0.2931) per square foot per year shall remain in effect until June 1, 2002, and effective
as of June 1, 2002 the rental rate shall automatically be readjusted by and between the parties
utilizing the increase of the Consumer Price Index, for the three-year period thereafter.
Minimum base rental for any extended period, that is, after June 1, 2002, shall not be less than
the annual rental of $8,173.09. rry'!
01 Z�4
LEASE AGREEMENT 0 11-8 5 1
City of Renton to Kaynan Corporation
CITY CLERKS OF AG 11.00
19990901001561
PAGE 002 OF 004
09/01/1999 15:11
KING COUNTY, WA
LAG 011-85
Addendum #03-99
4. Lessor and Lessee do hereby further agree that the Consumer Price Index information
to be used for rental adjustments shall be the Consumer Price Index - Urban (CPI -U) then in
effect for all urban consumers, as published by the US Department of Labor for the Seattle -
Tacoma Metropolitan Area.
5. Lessor and Lessee do hereby further agree that at least thirty (30) days prior to the
Rental Adjustment Date either party shall, if they desire to adjust the base land rental rate for the
ensuing three (3) year period, provide to the other party a written request for readjustment of
the rental rate pursuant to RCW 14.08.120(5).
6. All other terms and conditions of the original Lease Agreement shall remain in full
force and effect.
Kaynan Corporation
a Washington Corporation
Approved as to legal form:
LEASE AGREEMENT 011-85
City of Renton to Kaynan Corporation
CITY OF RENTON
a Municipal Corporation
;:Mayor
F
r" 9- 9�
Date
CITY CLERKS OF AG 11.00
2
19990901001561
PAGE 003 OF 004
09/01/1999 15:11
KING COUNTY, WA
r -A
LAG 011-85
Addendum #03-99
STATE OF WASHINGTON)
)ss.
COUNTY OF KING )
This is to certify that on —Q� , before me, the undersigned Notary Public,
personally appeared —T4� Y�S2X to me known to be the
CW of the City of Renton, and who executed the foregoing
lease and acknowledged tb me that they signed and sealed the same as their free and voluntary
act and deed, for the uses and purposes therein mentioned.
(Seal or stamp)
Notary Public in and for the State
of Washington, residing at
My commission expires $= Zcl- 2AW's
STATE OF WASHINGTON)
)ss.
COUNTY OF )
This is to certify that on:5- ,/ a 6Z99' , before me, the undersigned Notary Public,
personally appeared t (u,- f,'„ 15. L j/,'s ori 'to me known to be the
Sec Y, r fa r 14 Ty- -e n t L r & r , and who executed the foregoing lease and
acknowledged tcYme that they signed and sealed the same as their free and voluntary act and
deed, for the uses and purposes therein mentioned.
(Seal or stam0q11111111,,
O :off z
v'•� N07ARy F`�:2"
PUB L\C+ pit
4PoF WA 3®` `��
�unnn�
LEASE AGREEMENT 011-85
City of Renton to Kaynan Corporation
Notary Public in and for the ate
of Washington, residing at k,'nn
My commission expires 0 2
CITY CLERKS OF AG
11.00
19990901001561
PAGE 004 OF 004
09/01/1999 15:11
KING COUNTY, WA
CM
M
LAG 011-85
Addendum #03-99
1 U-39I)IIJO a. I-- - ►�_�_ ,
(City of Renton to Kaynan Corporation)
THIS ADDENDUM to Lease Agreement LAG 011-85 is effective as of the date of
execution by the City of Renton, as indicated on the last page of this addendum.
RECITALS:
WHEREAS, during July 1997, the land rental rate for the approximately 27,885 square
feet of land area leased by Kaynan Corporation was established at $0.27 per square foot per
year, such rate to continue until June 1, 1999, and
WHEREAS, both parties agreed to make adjustments to the land rental rate based upon
the Consumer Price Index - Urban, for three-year periods commencing June 1, 1999, and
WHEREAS, the Consumer Price Index - Urban, Seattle -Tacoma area, for the first half-
year of 1996 was 155.6, and
WHEREAS, the Consumer Price Index - Urban, Seattle -Tacoma area, currently in effect
for the first half-year of 1999 is 168.9.
NOW, THEREFORE, IT IS HEREBY AGREED AND COVENANTED BY AND
BETWEEN THE CITY OF RENTON AND KAYNAN CORPORATION, AS
FOLLOWS:
WITNESSETH:
1. The Lessor and Lessee do hereby agree that the increase of the CPI -U from June 1,
1996 to June 1, 1999 is calculated as 168.9-155.6=13.300/155.6=0.0855 or 8.55%, and
2. Lessor and Lessee do hereby agree that the 8.55% increase results in a per -square -
foot rent increase from $0.270 to $0.2931, an annual rent increase from $7,528.95 to $8,173.09
for the approximately 27,885 square feet of land area leased by Kaynan Corporation, and
3. Lessor and Lessee do hereby agree that the annual rate of Twenty Nine and 31/100
Cents ($0.2931) per square foot per year shall remain in effect until June 1, 2002, and effective
as of June 1, 2002 the rental rate shall automatically be readjusted by and between the parties
utilizing the increase of the Consumer Price Index, for the three-year period thereafter.
Minimum base rental for any extended period, that is, after June 1, 2002, shall not be less than
the annual rental of $8,173.09.
LEASE AGREEMENT 0 11-8 5 OR 67,, �P
City of Renton to Kaynan Corporation
M
cm
LAG 011-85
Addendum #03-99
4. Lessor and Lessee do hereby further agree that the Consumer Price Index information
to be used for rental adjustments shall be the Consumer Price Index - Urban (CPI -U) then in
effect for all urban consumers, as published by the US Department of Labor for the Seattle -
Tacoma Metropolitan Area.
5. Lessor and Lessee do hereby further agree that at least thirty (30) days prior to the
Rental Adjustment Date either party shall, if they desire to adjust the base land rental rate for the
ensuing three (3) year period, provide to the other party a written request for readjustment of
the rental rate pursuant to RCW 14.08.120(5).
6. All other terms and conditions of the original Lease Agreement shall remain in full
force and effect.
Kaynan Corporation
a Washington Corporation
Approved as to legal form:
LEASE AGREEMENT 011-85
City of Renton to Kaynan Corporation
CITY OF RENTON
a Municipal Corporation
ayor
City Cle
�r
f- y- f�
Date
In
STATE OF WASHINGTON)
)ss.
COUNTY OF KING )
6-7J
LAG 011-85
Addendum #03-99
This is to certify that on ot-Oko , before me, the undersigned Notary Public,
personally appeared to me known to be the
cy of the City of Renton, and who executed the foregoing
lease and acknowledged to me hat they signed and sealed the same as their free and voluntary
act and deed, for the uses and purposes therein mentioned.
(Seal or stamp)
46UM0%
Notary Public in and for the S ate
of Washington, residing at_rz!?.�
My commission expires Y. DL-C�j- -IA50 3
STATE OF WASHINGTON)
)ss.
COUNTY OF )
This is to certify that on 6- a s Z Q y , before me, the undersigned Notary Public,
personally appeared 15. to me known to be the
Sec Ye to r 1j Tr,pe, c..- r �& r , and who executed the foregoing lease and
acknowledged tMrne' that they signed and sealed the same as their free and voluntary act and
deed, for the uses and purposes therein mentioned.
(Seal o
S�O�� gSl01V•t• �'��''i
—�
Notary Public in and for the §ate -
':3n`Ic 7
��?:
of Washington, residing at ,' Co,
N •y %
'• 9
�
My commission expires
WASNtG�`�
LEASE AGREEMENT 011-85
City of Renton to Kaynan Corporation