HomeMy WebLinkAboutL11-023 - Original - Puget Sound Regional Fire Authority - Fire Station 74 Lease - 07/02/2010Lease Agreement Cover Sheet—Page 1 of 3
CITY CLERK
CITY OF KENT
220 4th Avenue South
Kent, WA 98032
Fax: 253-856-6725
PHONE: 253-856-5725
Lease Agreement Cover Sheet
This document is to be used in lieu of the Contract Cover Sheet
SECTION 1 – CONTRACT PROCESSING AND TENANT SET-UP:
Contract Number: (to be completed by Clerk’s Office)
Replaces coversheet for L11-023
1. Responsible Department/Division: Parks – Facilities Division
2. Contact Person and Title: Alex Ackley, Facilities Superintendent
Telephone Extension: 5081
3. Tenant (Customer) Name: Puget Sound Regional Fire Authority
4. Tenant (Customer) Number: 292356
5. General Ledger Account Number: 54006900.56290
6. King County Tax Parcel Number: 352205-9180
7. Address of Parcel: 15635 SE 272nd
8. Type of Lease: Lease Agreement with the City and Puget Sound Regional
Fire Authority for Station 74
9. Council Authorization Date: 6/15/2010
10. Mayor Signature Date: 6/30/2010
SECTION 2 – LEASE DURATION AND IMPORTANT DATES:
11. Lease Start Date: 6/1/2010
12. Tenant Lease Option Renewal Notification Due Date: The term of this
lease shall be for the five (5) years commencing on July 2, 2010 and ending
June 30, 2015. If at the end of (5) year term, Tenant has made all payments
due to the City in full, and is not in breach of this Lease, then the Lease shall
automatically renew for additional five (5) years terms so long as the property
is used for PSRFA purposes as described in section 2. The Tenant shall give
Lease Agreement Cover Sheet—Page 2 of 3
the City at least ninety (90) days prior written notice of its intention not to new
for a subsequent five year lease term.
13. Lease Termination Date: 6/30/2015 (auto renews for additional 5 years –
see provision under section 12).
14. Lease Duration: 5 years (auto renews for additional 5 years – no limits on
renewals).
SECTION 3 – RENT DETERMINATION AND DUE DATE:
15. Rent: $1/year
16. Rent Due Date: First 50 years rent due on July 1, 2010.
17. Calculation of Rental Increase(s): n/a
SECTION 4 – LEASEHOLD EXCISE TAX:
18. Is this lease subject to leasehold excise taxes?
YES (go to Question 19)
NO, reason:
19. Are leasehold excise taxes for this tenant centrally assessed, i.e.
directly collected from the tenant by the Washington State Department
of Revenue?
YES (attach written verification received directly from DOR or indirectly
through the tenant, e.g. DOR notification letter)
NO (go to Question 20)
20. Does Lease Rent include Leasehold Excise Tax?
(Leasehold taxes must be broken out on the invoice and coded: Business
unit.32500.0303)
YES Calculate the leasehold excise tax (Stated Rent divided by
1.1284)
NO Calculate the leasehold excise tax (Stated Rent times .1284)
Not applicable
SECTION 5 – APPLICABLITY OF UTILITIES:
21. Applicability of Utilities – Check all that utilities that are affected and
indicate provider (e.g. City of Kent), Account Number or basis of
exclusion.
Does Not Apply
Water:
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Sewer:
Drainage: Paid by City
Garbage:
Electricity/Natural Gas: Puget Sound Energy
SECTION 6 – MONETARY PENALTIES AND LATE INTEREST CHARGES:
22. Monetary Penalties: n/a
23. Late Interest: n/a
SECTION 7 – OTHER LEASE CONSIDERATIONS:
None (check box if no considerations)