HomeMy WebLinkAbout1990 - Memorandum of Ground Lease - McLeod Development Company / Nelsen Helen - 9003121658U4 /JU /UH iz:3! rtA
After Recording, Return To
Ferguson & Wardell
Pacific •First Centre
1420 Fifth Avenue D3400
Seattle, WA 98101 -2339
Attn: Scott B. Osborne
RECEIVED
JUN 0 81999
COMMUNITY
DEVELOPMENT
MEMORANDUM OF GROUND LEAVE
HELEN B. NELSEN, a single person ( "Landlord ") hereby leases
to MCLEOD DEVELOPMENT COMPANY, a Washington corporation
( "Tenant "), and Tenant hereby leases from Landlord, that certain
real property (the "Property "), the legal description of which is
set forth in Exhibit "A" attached hereto and incorporated by this
reference herein.
C1:4 The lease of the Property is pursuant to the terms and
u") conditions of that certain Ground Lease dated as of March 12, 1990,
..O, executed by Landlord and Tenant, which is hereby incorporated
Cv herein in its entirety by this reference. Among other provisions,
the Ground Lease provides for the following:
Cl
D, Term: Forty -one (41) years and approximately two and one -half (24)
months, commencing March 12, 1990, and terminating May 31, 2031.
Options: Three (3) extension options each of ten (10) years
duration.
Access: Landlord has granted Tenant the right of access to and
from the Property by assigning her easement rights in those areas
of access describe in Exhibit "B" attached hereto and incorporated
by this reference herein.
This Memorandum is executed by the Landlord and Tenant for the
purpose of recording with the Department of Records and Elections
for Ring County, Washington. If there is any conflict between the
terms of this Memorandum and the Ground Lease, the provisions of
the Ground Lease shall control.
016E1409
41447291
03/12/90
Dated this 12th day of March, 1990
Address:
LANDLORD:
•
/, n ' j/ 1
HELEN B. NELSEN, a single person
c/o Ross A. Tunnell, Jr.
1110 North 175th Street, 1218
Seattle, WA 98133
TENANT:
MCLEOD DEVELOPMENT COMPAN
a Washington co poration:
By: Stuart' McLeod, P esident
Address: 213 Lake Street South
Kirkland, WA 98033
90'03'12 #1655 A
RECD F C.00
RECFEE 2.00
CASHSL 0 10.00
LY_1 U U
U4 /JU /U9 IZ: Ji tAA
STATE OF WASHINGTON
) ss.
COUNTY OF KING )
I certify that I have satisfactory evidence that the
person appearing before me and making this acknowledgment is the
person whose true signature appears on this document.
On this day personally appeared before me HELEN 8.
NELSEN, to me known to be the individual described' in and who
executed the within and foregoing instrument, and acknowledged that
she signed the same as her free and voluntary act and deed, for the
uses and purposes therein mentioned.
GIVEN under my hand and official seal this 0.4'5_ day of
cr.. 0.4Aa6, , 1990.
CQ
ON
(
STATE OF WASHINGTON
ss.
COUNTY OF KING
Notary Publ c in an for the St to
Of Washington, residing at . a -C
My commission expires: ¥-9i-ff
I certify that I know or have satisfactory evidence that
the person appearing before me and making this acknowledgment is
the parson whose true signature appears on this document.
On this day of MaL•fle+ , 1990, before me
personally appeared STUART MCLEOD, to me known to be the President
of MCLEOD DEVELOPMENT COMPANY, a Washington corporation, the
corporation that executed the within and foregoing instrument, and
acknowledged the said instrument to be the free and voluntary act
and deed of said corporation, for the uses and purposes therein
mentioned, and on oath stated that he was authorized to execute
said instrument and that the seal affixed, if any, is the corporate
seal of said corporation.
WITNESS my hand and official seal hereto affixed the day
and year first above written.
0160 U09
4144n91
03, I V90
Notary Public n and for the S ate
of Washington, residing at
My commission expires: 4i-e29• ` D
tgJUUJ
04/30/99 1Z:31 FAA
E18IBIT A
That portion of. the Henry Meader Done EnsClaiilNNe. 46,
Sections 24 and 25, Township g 4
Meridian, in Ring County, State of Washington ,and designated by
Ring County Aasessor'u Office as Tax Lot 13, lying West of the
Burlington northern Railroad Might-of-Way, East of the Union
Pacific Railroad Right- of- Way,and south of a line 137 feet South
of the North line of said Donation Claim and North of the City of
Seattle Bow Lake Pipeline Right -of -Tay.
a`
Together with that portion of the Henry Meader Donation
Claim No. 46 described above, beginning on the 2M Lino of Primary
N state Highway No. 1 Green River Interchange at Highway Engineering
Station 2M 149 + 25.97 Point of Tangency "Y" 0 +00, Thence North
87 -07 -32 EAst along said "Y" Line 418.74 ft. to intersection with
the Westerly Margin of Puget Sound Power 6 Light Right -of -Way,
3` Thence Southerly along the Westerly Right -of -Way Margin to a point
20 ft. South of, measured at Right Angles to the Easterly Produced
Line of the above - described "Y ", Thence North 87 -08 -04 East 100 ft.
to. Easterly Margin of Puget Sound Power 6 Light Right -of -Way to the
POINT OF BEGINNING: Thence continuing North 87-08 -04 East 124.74
ft. to Westerly Margin of Union Pacific RAilroad Right -of -Way,
thence North 03 -40 -04 East along the Westerly Right -of -Way Margin
to the Southerly Margin of Lot 1 of the City of Tukwila Boundary
Line Adjustment No. 81 -36 SPE Recording No. 8111090569, Thence
South 87 -13 -29 West 127.45 ft., Thence South 01 -26 -34 East to the
POINT OF BEGINNING.
SUBJECT TO
Easement granted to the City of Tukwila dated December 15,
1973, recorded February 8, 1974, under Receiving No. 7402080365;
Easement granted under instrument recorded under Receiving
No. 3480349;
Easement to be granted to the City of Tukwila for storm
drainage purposes over the westerly 10' of the Property.
memo
LPJ004
04/30/99 12:38 FAA
E�IBIT B
Description of Rights of Access
Acneae and Egreea to and from the property is by way of S. 158th
Street (also ]moon as Longecree Way) in the City of Tukwila, Washington.
Entry iu from West Valley Highway and acroae S. 158th St. to the Puget
Power & Light Company Right -of -Way. Helen 3.'Jeleen. or of the property
to be leased, also owns a 30 ft. Taeement.tbrougb the Puget Power It Light
Company Right -of -Way, and ebe also owns a L0 ft. vide parcel of land on
Longacree Way which servee ae a road to the Union Pacitieleilsoad Right -
of-Way under which she owns another easement, this time of 30 ft. width.
providing entry to the area being leased.
Longecree Race Track also bas an easement providing access and
egress from their property to the Peet, and thie easement le provided by
Helen B. Nelsen for their benefit, but it is not en exclusive easement, for
the road kaowri as Longacree Way le.available for use by the general publio.