[Stamp] tp3
#23 J1 M U U0lw I4 Z Nrh4v7 Cn P Z A
Item Number:  ___________
Date of Meeting:  _________ June 28, 2011
5a Lease
THIRD AMENDMENT TO LEASE
BETWEEN
PORT OF SEATTLE AND SEAVIEW BOATYARD WEST, INC.
SHILSHOLE BAY MARINA

THIS THIRD AMENDMENT TO LEASE made as of __________________, 2011, by and
between the PORT OF SEATTLE, a Washington municipal corporation, hereinafter called "the
Port," and SEAVIEW BOATYARD WEST, INC., a Washington corporation, hereinafter called
"Lessee,"

W I TEENSSESSSESTE T H :

WHEREAS, the parties entered into a Term Lease agreement dated July 23, 1996,nto a Term Lease agreeTerm Lease agre        July 23, 1996,3, 1996,
hereinafter called the "Basic Lease," of approximately 62,844 square feet of yard space atf approximately 62,844oximately 62,844        of yard space atspace a
Shilshole Bay Marina, Seattle, Washington, at a monthly rental of $9,860.64; andington, at a monthly renat a monthly re         .64; andnd

WHEREAS, the parties now wish to amend the Basic Lease to increase the leased areaow wish to amend the Bto amend t          o increase the leased arhe leased a
by one thousand five hundred forty one (1,541) square feet, effective July 1, 2011, with aorty one (1,541) squarene (1,541) square         e July 1, 2011, with a1, 2011, wit
corresponding increase in rental;tal;

NOW THEREFORE, in consideration of their mutual promises, the parties hereby agreeE, in consideration of thE, in consideration of th        omises, the parties heres, the parties her
as follows:

1.    The leased area is increased from 62,844 square feet to 64,385 square feet,ased area is increasedsed area is increased         square feet to 64,385 se feet to 64,38
effective July 1, 2011.11.

2.    The total monthly rental payable by Lessee is increased from $9,860.64 toThe total monthly rental pal monthly re            essee is increased fromis increased from
$10,102.44, effective July 1, 2011, based on the following calculations:ffective July 1, 2011, baJuly 1, 2011, b          llowing calculations:ations:
yard
64,385 sf       @@ $1.88288$1.882$1 88/sf/yr = $121,229.2221,229.22 /yr/yr  12 = $10,102.44 /mo.*
spaceacespace

*plus applicable taxes.applicab*plus applicable taxes.

3.    ExhibExhibit "A" is attached hereto and incorporated herein."Exhibit "A" i         ereto and incorporated hand incorpora

4.4.    Except aExcept aExcept as expressly amended herein, all provisions of the Basic Lease (asamended herein,d herei  all prol pro
previously amended) shall remain in full force and effect.iously amended)iously amended) U     Unofficialin full force and effect.n full force and effect.       Document






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IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment as of
the day and year first above written.
PORT OF SEATTLE               SEAVIEW BOATYARD WEST, INC.
a municipal corporation

By ____ By_______________________________
Its _______________________________      Its_______________________________
LESSOR
Notary to ThirdNotary to ThNotary to Third Amendment to Leasesese
with SEAVIEW BOAEAVIEW Bwith SEAVIEW BOATYARD WEST, INC.T, INC.INC.
at Shilshole Bay MaShilshole Bay Maat Shilshole Bay Marina . l
STATE OF WASHINGTON )
) ss.
COUNTY OF KING )
On this     day of              , 20, 20, 20   , before me, the undersigned notary, the undersigned notarersigned no
public in and for the State of Washington, duly commissioned and sworn, personally appearedshington, duly commisson, duly commis        worn, personally appearersonally appear
, to me know, to me know, to me known to be the        i
of the PORT OPORTof the PORT OF SEATTLE, a municipal corporation, theE, a municipal corporatiounicipal corpora
corporation that executed the foregoing instrument, and acknowledged said instrument to be thee foregoing instrument,ing instrument,         edged said instrument taid instrument
free and voluntary act and deed of said corporation, for the uses and purposes thereindeed of said corporationdeed of said corporation        s and purposes thereinposes therein
mentioned, and on oath stated that he was duly authorized to execute the same.ated that he was duly aated that he was duly a c ci    execute the same.e the same.
WITNESS my hand and official seal hereto the day and year in this Certificate first aboveand and official seal hernd and official seal he         nd year in this Certificaar in this Certifica
written.
_________________________________________________________________
Notary Public in and for the State ofblic in and for the Stateand for the State
Washington, residing at ______________.on, residing at _______ng at ____
My appointment expires ______________.ointment expires ______nt expires _____

(ACKNOWLEDGMENT FOR CORPORATE LESSEE)(ACKNOWLE(ACKNOW       OR CORPORATE LESORPORATE LES
STATE OF WASHINGTONOF WASHINGTONASHINGTON ))
)) ss.
COUNTY OF ___________ )NTY OF ___________NTY OF __________
On this _________this _____On this ____________________ day of ___________________, 20___, before me,
personally appeared ___________________________________________________ and                                        Unofficial_ day of ____________of _________                                ersonally appeared ____ared _ ________________________________
_____________________________________________, to me known to be the______________________________________        ________________, to__________, to
_________________________ President and the ___________________________ Secretary,_____________________________________       sident and the _______d the _______
respectively of the corporation that executed the within and foregoing instrument, andpectively of the corpectively of the cor         executed the within anexecuted the within an
acknowledged said instrument to be the free and voluntary act and deed of said corporation, foredged said iedged said         be the free and voluntabe the free and
the uses and purposes therein mentioned, and on oath stated that they were authorized topurpo        mentioned, and on oathmentioned, and on o
execute said instrument and that the seal affixed is the corporate seal of said corporation.at the seal affixed is theat the seal affixed is t
IN WITNESS WHEREOF I have hereunto set my hand and affixed my official seal theOF I have hereunto seOF I have hereunto se
day and year first above written.
___________________________________________ Document
Notary Public in and for the State of
_________________, residing at ________________.
My appointment expires _______________________.


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Scale: 1:325
EXHIBIT A
47-40-37.0 N                                     47-40-347-40-36.0 N                                     47-40-35.0 N    Map center: 47 40' 36.47" N, 122 24' 27.5" W
cial a  Map center: 47 40' 36.47" N, 12 p center: 47 40' 36.47" t
c ent
e
ent ent 122-24-25 W 122-24 nt nt
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122-24-25 W                                                                                                 122-24-26 W
of
122-24-26 W                                                  Amendment Premises             Seaview Boatyard West, Inc. eaview Boa        um                   um      122-24-27 W                                                                                                 122-24-27 W                                                                                                 122-24-28 W                                                                                                 122-24-28 W 22-24-28      rd W rd West, Inc Seaview Boatyard West, Inc.                U          Un                  U          U                                    o        oc                           28.5 m.
122-24-29 W                                              D          Do                                  19 122-24-29 W 9.5    Data layers that appear on this map may or may not be accurate, current, or THIS MAP IS NOT TO BE USED FOR NAVIGATION.
47-40-37.0 N                                     47-40-36.0 N                                     47-40-35.0 N
0   This map is a user generated static output from an Internet mapping site and is for general reference only. otherwise reliable.