Duke's Lease Amendment presentation

Item No.               6e_supp
Date of Meeting       September 24, 2019
Second Amendment to Ground Lease
Agreement with Duke's Chowderhouse, LLC.
at Shilshole Bay Marina

September 24, 2019
Presented by Melinda Miller,
Maritime Portfolio

Updated Site Plan



2

Proposed Revisions to Lease
Lease Term                Current Agreement  Amendment #2 eff. 12/1/19
Premises                  8,022 SF            9,200 SF
Construction Rent           $3,216              $4,188
Begin Post-Construct. Rent   August 1, 2019       May 1, 2021*
Post-Construction Rent      $12,864             $14,753
Lease Expiration             July 31, 2038         April 30, 2041

*As part of Amend. #2 Tenant will also pay Post-Construction Rent August 1  November 30, 2019

3

Limitations of Translatable Documents

PDF files are created with text and images are placed at an exact position on a page of a fixed size.
Web pages are fluid in nature, and the exact positioning of PDF text creates presentation problems.
PDFs that are full page graphics, or scanned pages are generally unable to be made accessible, In these cases, viewing whatever plain text could be extracted is the only alternative.