HomeMy WebLinkAboutGE Aviation - Smith Aerospace - Land Lease AgreementSMITHS AEROSPACE
LAND USE AGREEMENT
THIS LEASE, executed this day of ru Ct �X�,�-QOS , between the
YAKIMA AIR TERMINAL — McAl LISTER FIELD, an age icy of the City of Yakima and
County of Yakima, Washington, hereinafter referred to as "LESSOR," and SMITHS
AEROSPACE LLC, D.B.A. SMITHS AEROSPACE, YAKIMA, a corporation in the state
of Delaware) hereinafter referred to as 'LESSEE'-
W I T N E S E T H:
WHEREAS, LESSOR operates the Yakima Air Terminal — McAllister Field, under the
authority granted by the Joint Operations Agreement signed by the City and County of
Yakima, July 1, 1982, hereinafter referred to as "Airport," and
WHEREAS, LESSOR has approved property available for lease as provided by this
Lease, and LESSEE desires to occupy and use such property in accordance with this
Lease,
NOW THEREFORE, in consideration of the mutual promises contained herein and the
benefit to be derived by each party, the parties agree as follows:
1. PREMISES:
LESSOR does hereby lease and let unto LESSEE, and LESSEE does hereby
lease and take from LESSOR, approximately 11,137 sq ft of land and in the City
of Yakima, Yakima County, Washington, as that property is depicted on the
drawing marked Exhibit "A", attached hereto and by this reference made a part
hereof, together with the right of ingress to and egress from the leased premises
and the public use areas/facilities used in connection therewith, over designated
Airport property and roadways, subject to rules and regulations governing the
use of the Airport and as the same may be promulgated by LESSOR from time to
time. The LESSOR may, at any time hereafter, provide a legal description of the
premises and, subject to prior approval by or on behalf of lessee, such
description shall become a part of this Lease.
2. TERM:
The tenancy created by this Lease shall commence on March 1, 2005 on a
month-to-month basis until terminated by either party, on giving the other not less
than one month's prior written notice unless otherwise terminated as provided for
herein.
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LESSEE and its assigns shall have, and are hereby given, the right to mortgage
the leasehold created by this Lease for an amount not to exceed the possessory
interest of the LESSEE and for any term not exceeding the lease term, or any
renewal thereof. LESSOR shall be given written notice thereof of any such
mortgage, including the mortgagee's address and loan number. LESSOR shall
have no right to terminate this Lease or retake possession of the premises or
expel LESSEE unless 30 days' advance written notice of such default is given by
the LESSOR to LESSEE and LESSEE's mortgagee at the last address provided
in writing by LESSEE to LESSOR. The mortgagee is hereby given the power
and authority, at its option, to cure all such events of default, which may be cured
by action of the LESSEE, and in the name, place, and stead of the LESSEE. In
the event a mortgage on the leasehold interest, subject to approval by LESSOR
of any such assignment and sale may assign, sell, or otherwise dispose of the
leasehold interest, subject to approval by LESSOR of any such assignment and
sale and subject to approval by LESSOR of the assignee or purchaser; such
approval shall not be unreasonably withheld. The assignment or sale of this
Lease shall not relieve the assignee of purchaser of any obligation under this
Lease nor relieve it from any terms of this Lease, nor from any obligation to meet
Airport rules, regulations and standards.
4. RENT: 9_140 , f 9, ij I-�1 1 % 0G
A. LESSEE promises and agrees to pay rent to LESSOR at the rate of
$123 per month for the leased premises, made in advance on or before the
10 2 h day of each month. Payments shall be made to the Yakima Air Terminal -
McAllister Field in care of the Airport Manager's office. Any rental payment past
due shall accrue a delinquency charge of twelve percent (12 %) per annum.
B. The lease rental rate as provided for above shall be subject to review and
modification on every one year anniversary of this Lease and shall be set at the
then current Aviation Rate.
Upon execution of this lease by both parties, LESSEE shall deposit with
LESSOR the amount of one month's rent plus leasehold tax as a guarantee of
LESSEE's performance of this Lease and the timely payment of the rental
provided for herein; and in the event LESSEE shall fail to pay the rental as
provided herein, or otherwise breach this Lease, then the Airport Manager may
Filename: Lease /Smith Aerospace 05 2
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apply such deposit, or any part thereof as may be
rental or to the payment of damages for such
remedies Provided herein. This deposit shall be
reflect adjustments in the rent and/or leasehold tax.
TAXES AND LIENS:
necessary, to the Payment of
breach or Pursue any other
adjusted from time to time to
In addition to the rent payable above, LESSEE promises and agrees to pay, as
the same become due and payable, all licenses, fees and taxes, including but not
limited to the leasehold excise, required to be paid by LESSEE by reason of this
Lease and by reason of LESSEE's use and occupancy of the leased premises
and by reason of LESSEE's construction or ownership of improvements to the
leased premises. LESSEE shall neither suffer nor permit the attachment of any
lien or other encumbrance on the leased premises by reason of LESSEE's
occupancy thereof. LESSEE agrees to indemnify LESSOR and shall hold
LESSOR harmless from any such taxes and liens.
USE:
LESSEE agrees to use the leased premises only for an aeronautical oriented
activity or for any other use allowed by the Master Plan and the zoning of the
property by the appropriate jurisdiction as approved by the LESSOR. The use of
the property for any other purpose shall be deemed a material breach of this
Lease constituting grounds for its termination. This provision shall apply to any
assignment of this Lease, whether voluntary or due to mortgage foreclosure or
for any other reason. Failure of the assignee to comply with this Section shall be
reasonable cause for LESSOR to withhold approval or consent to assignment.
UTILITIES:
LESSEE shall be responsible for all utility services including, but not limited to,
power, natural gas, water, sewer, and garbage.
10
got
LESSEE has made a full inspection of the premises, is fully aware of its condition
except with respect to environmental conditions and accepts the Premises on an
"AS-IS" basis, LESSEE agrees to pay for any improvements, repairs and/or
modifications necessary to the operation of LESSEE's business.
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10- MAINTENANCE:
LAND LESSEE agrees to keep and maintain the Premises in at least as good a
Condition as the condition Of the premise
of LESSEE's
Occupancy normal wear and tear excepted. LESSEE further agrees that
s at the beginning
LESSEE shall be responsible 7 to maintain all [eased areas, buildings, trade
manner as determined by the Airport Manager acting reasonably and
fixtures and other improvements existing and future, in an attractive and usable
consistent
with other Properties at the Airport. Maintenance shall include, but not be limited
to weed control, garbage and debris removal, ash removal,
removal and pavement maintenance. painting, snow
11- SIGNS:
LESSEE, at LESSEE's own expense, may erect a sign(s) of a type, number and
location reasonably approve by LESSOR. No signs or other advertising matter
or devices shall be used or displayed in or about the leased
any Portion of the Airport without the Prior wri t ten a Premises or upon
pproval of the Airport
Manager, which approval shall not be unreasonablywithheld.
72. IMPROVEMENTS:
All buildings, trade fixtures and other improvements to the leased Property by
LESSEE shall conform to applicable rules, regulations and codes, and LESSEE
shall Procure all building and other permits therefore
and other improvements shall be designed with - All buildings trade fixtures
a view toward aesthetic
-Ommence until plan's and specifications
considerations and installation shall not C h
therefore have been submitted to and approved in writing by the Airport
Manager, which approval shall not be unreasonably withheld. Approval of
LESSEE's improvements shall be deemed granted twenty (20) days after
S
LESSEE.
submission in writing to the Airport Manager if no response ha been received by
LESSOR makes no representation or guarantee as to the suitability of the leased
area for construction of buildings, roads, ramps, etc., and is not of
for
the costs Of excavation and/or removal of any object found either above or below
ground level except for hazardous materials and a
prior to tenancy. archaeological artifacts existing
13. REVERSION OF IMPROVEMENTS:
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in
Upon termination of this lease for any reason, LESSOR may, at its option, either
accept ownership of the improvements constructed or installed on the Premises,
except for trade fixtures, or require LESSEE to remove such improvements within
sixty (60) days of such termination. Such removal shall include removing the
foundation, utilities and other land improvements and restoring the land to grade
level. LESSOR shall notify LESSEE of its intent within sixty (60) days of the
cancellation or expiration. LESSOR shall notify LESSEE of its intent within
twenty (20) days of the termination.
Prior to the expiration of this Lease, LESSEE shall remove all such trade fixtures
and repair any damage to the premises caused by removal of trade fixtures to
the reasonable satisfaction of the Airport Manager. Fixtures not removed within
sixty (60) days after termination become the property of the LESSOR unless
other arrangements have been previously approved in writing by the Airport
Manager.
LESSEE shall, as additional consideration for grant of this Lease, insure that all
liens, security interest and other encumbrances against said improvements and
structures except those created or suffered by LESSOR, whether consensual or
involuntary, shall be paid, discharged or satisfied prior to time for reversion
thereof to LESSOR; and, in any event, the parties acknowledge that LESSOR
shall not, by virtue of termination of the leasehold interest nor reversion of the
structures or other improvements, be liable for any debt or encumbrance
associated therewith, whether now existing or hereafter incurred, levied or
attached.
LESSOR shall have the right of first refusal on
the demised premises as hereinafter set forth
LESSEE shall receive a bona fide offer from E
any or all improvements or structures on the
LESSEE shall desire to accept, LESSEE sha
copy of such offer and LESSOR may, within tl
purchase the demised premises on the same
offer.
all improvements or structures on
If at any time during the term,
third person for the purchase of
demised premises, which offer
11 promptly deliver to LESSOR a
iirty (30) days thereafter, elect to
terms as those set forth in such
If LESSOR shall not accept such offer with the time herein specified therefor,
said right of refusal shall cease to exist, but this lease shall continue otherwise on
all the other terms, covenants, and conditions in this lease set forth. This right of
refusal shall be inapplicable to a transfer, by way of sale, gift or device, including
a trust, to or for a party related to a LESSEE , or to any transfer, in whole or in
part, from one such related party to another, but shall apply to any subsequent
Rename: Lease/Smith Aerospace 05 5
transfer to a third person. For the purpose of this Article, if the then LESSEE
shall be an individual, a related party shall include a spouse, lineal desceriont or
spouse of such descendant, ancestor or sibling (whether by the-whole or half
blood), a partnership or limited liability company of which such owner -is a
member, a joint ownership or ownership in common, which includes the then
LESSEE, or a corporation, the majority of whose shares is owned by,-. the
LESSEE, or any one or more of the foregoing parties. If the then LESSEE-s�all
be a corporation, a related party shall include an affiliate, subsidiary or parent
corporation, a successor by merger or consolidation, or the holder or holders of
the majority of the shares of such corporation.
LESSEE agrees to comply with all applicable laws, ordinances, rules, regulations
and policies of all governmental authorities having jurisdiction over the Airport,
including policies adopted by LESSOR, as such laws, ordinances, rules,
regulations and policies apply to the use and operation of Airport property,
facilities and operations as those laws, ordinances, rules, regulations and policies
now exist or may hereafter become effective. LESSEE further agrees to accept
responsibility for not allowing unauthorized persons access to the Airport
Operations Area (AOA).
16. SUBLETTING:
According to the policy on SUB-LEASING INCOME in effect at the time of this
Lease, there is no requirement to share sub-lease income because this Lease is
for land only.
17. ASSIGNMENT:
LESSEE shall not assign this Lease without the prior written approval of
LESSOR, such approval not to be unreasonably withheld. Such assignment
shall be in conformance with all applicable Airport Board, local, state and federal
laws, ordinances, rules, regulations and policies. LESSEE shall give preference
to aeronautical activities and all assignees shall comply with all laws, ordinances,
rules, regulations and policies applicable to the use and operation of Airport
property, facilities and operations as those laws, ordinances, rules, regulations
and policies now exist or may hereafter become effective. A consent to
assignment by LESSOR shall not be construed to be a consent to any
subsequent assignment.
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6
A. The parties agree that LESSOR, through its Airport Manager or other person
authorized by the Airport Manager, may enter upon the leased premises at any
reasonable time to make such inspections as LESSOR may deem necessary to
the proper enforcement of any term, provision or condition of this Lease. No
such entry or inspection by LESSOR is required by this provision, and the failure
of LESSOR to enter and make inspection shall not after the relationship of the
parties and their respective rights and duties provided by this Lease. LESSEE
shall be granted the right of quiet enjoyment upon performance of all terms of this
Lease,
B. LESSOR may further develop or improve Airport property and facilities,
regardless of the desire or views of LESSEE regarding any such development or
improvement, and without interference or hindrance on the part of LESSEE and
without liability to LESSEE, provided the operations of the LESSEE are not
unreasonably interrupted.
C. LESSOR reserves the right, but shall not be obligated to LESSEE, to
maintain and keep in repair the landing area of the Airport and all publicly owned
facilities of the Airport, together with the right to direct and control all activities of
LESSEE in that regard.
D. LESSOR reserves the right to take any action necessary or desirable by
LESSOR to protect the operations of the Airport against obstruction, or any other
activity interfering with the efficient operation of the Airport, together with the right
to prevent LESSEE from erecting, or permitting to be erected, any building or
other structure on the Airport which, in the opinion of the Airport Manager, would
limit the usefulness of the Airport or constitute a hazard to aircraft.
This space is to be used as a parking lot only.
E. During time of war or national emergency, LESSOR shall have the right to
lease the landing area or any part thereof to the United States of America for
military use, and, if any such lease is executed, the provisions of this Lease shall
be suspended insofar as they are inconsistent with the provisions of the lease
agreement with the United States of America.
F. This Lease shall be subordinate to
agreement between LESSOR and the
operation or maintenance of the Airport,
be required as a condition to the
development of the Airport,
the provisions of any existing or future
United States of America relative to the
the execution of which has been or may
expenditure of federal funds- for the
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G. If the leased premises or any interest therein is taken as a result of the
exercise of the right of eminent domain, this Lease shall terminate as to such
portion as may be taken, - If the portion taken does not feasibly permit the
continuation of the LESSEE' operations, LESSEE shall have the right to
terminate this Lease. Such termination shall be effective as of the date
LESSEE's operations cease. LESSEE shall be entitled to a portion of the award
representing its interest in the premises. LESSOR shall be entitled to the
remainder of the award.
i P]IIIIIIIIIIIIII I Z 1-014 1W It
A. At no expense to LESSOR, LESSEE shall defend against and indemnify fully
and save harmless the Board of the Yakima Air Terminal - McAllister Field, the
Yakima Air Terminal - McAllister Field, the City of Yakima and Yakima County
and their elected and appointed officials, employees and agents, from any and all
liability, damages, suits, claims, actions, judgements or decrees, made against
the Board of the Yakima Air Terminal - McAllister Field, the Yakima Air Terminal -
McAllister Field, the City of Yakima or Yakima County or their elected and
appointed officials, employees and agents, including all expenses incidental to
the investigation and defense thereof, including reasonable attorney fees, based
on or arising from the occupancy or use of the leased premises by LESSEE or as
a result of LESSEE'S. operations at the Airport or from any other act or omission
of LESSEE, its servants, employees, agents, invitees, independent contractors or
any other entity, person, firm or corporation acting on behalf of LESSEE or under
its direction, whether such claim shall be by LESSEE or a third party; provided,
however, that LESSEE shall not be liable for any injury, damage or loss
occasioned solely by the sole negligence of LESSOR, its agents or employees.
LESSOR shall give to LESSEE prompt and reasonable notice of any such claims
or actions and LESSEE shall have the right to investigate, compromise and
defend the same to the extent of its interest.
B. LESSOR agrees to defend, indemnify and hold LESSEE harmless against
and from any claim or liability arising from or alleged to arise from the presence
of hazardous material or toxic waste on the subject leased premises at the
inception of this Lease and the introduction to the premises of such materials due
to LESSOR'S activities or under its control.
C, LESSEE shall keep and hold the Board of the Yakima Air Terminal -
McAllister Field, the Yakima Air Terminal - McAllister Field, the City of Yakima
and County of Yakima, their elected and appointed officials, agents and
employees, free and harmless from any and all claims and actions, loss,
damage, expense or cost, including reasonable attorneys fees, incidental to the
investigation and defense thereof, resulting from, arising out of, or caused by
LESSEE resulting in any liability under the Federal Comprehensive
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K9
21.
Environmental Response Compensation Liability Act of 1980, as amended, 42
U.S.C. 9601 et seq,; Hazardous materials Transportation Act, 49 U.S.C. 1801 et
seq.; Resource Conservation and Recovery Act, 42 U.S.C. 6901 et seq.; the
Clean Water Act, 42 U.S.C. 1251 et seq.; the Washington Environmental Policy
Act, RCW Ch. 43,21C; the Washington Water Pollution Control Act, RCW Ch.
90.48; the Washington Hazardous Waste Management Act, RCW Ch. 70.105:
the Washington Model Toxic Control Act, RCW Ch. 70.1057), and the regulation s
-
Promulgated thereunder, or under any applicable local or state environmental
ordinance, Statute, law, rule or regulation. The Provisions Of this Sub-section
shall survive the termination of this Lease.
INSURANCE:
LESSEE shall file with LESSOR a certificate of insurance, or other proof of
insurance acceptable to LESSOR, evidencing an insurance Policy with the
Yakima Air Terminal -McAllister Field, the City of Yakima and County of Yakima
as additional insureds providing:
I- Comprehensive general liability insurance coverage in amounts of not
less than $1,000,000 Combined Single Limit for bodily injury and Property
damage covering LESSEE's Occupancy of and activities pertaining to the
leased Premises.
LEESEE's insurer or broker must Provide written notice, to LESSOR in the event
of cancellation, material change to the Policy or non-renewal of any or all policies
Certificate shall be issued by carries) with a minimum A.M. BEST rating 0 11 0
within 10 days following any such material change, non-renewed or cance ati n.
carriers} A-VII
which are admitted in the State Of Washington or other such carriers as shall be
acceptable to LESSOR.
A. TENANT IMPROVEMENTS: In the event the construction in accordance
with Section 14 - IMPROVEMENTS herein, or improvements thereto, is partially
or totally damaged by fire or other casualty, the LESSEE shall repair or replace
the same at its own expense. The new improvements shall be at least the same
Both parties agree, however, that any insurance proceeds shall be first applied size, design and quality as that which existed prior to any damage or destruction.
the cost of repair or replacement of improvements. plied to
LESSEE may elect not to repair or replace said
LESSEE shall advise LESSOR of its intent within
or destruction. If LESSEE elects not to repair or
Fffenarne: Lease/Smith Aerospace 05
construction or improvements.
thirty (30) days of the damage
replace the improvements, In
of
such event, LESSOR may either accept ownership of the improvements or
require LESSEE to remove the improvements and restore the Premises to a
condition satisfactory to the LESSOR. The insurance proceeds shall be used for
such restoration and the balance divided between the LESSOR and LESSEE as
their interest bear in accordance with a straight line depreciation schedule. The
straight fine depreciation schedule shall be over the initial term of the lease and
shall begin to run on the lease effective date. The amount so depreciated shall
vest in the LESSOR. LESSOR shall notify LESSEE of its intent within thirty (30)
days of receipt of LESSEE's notification. If LESSOR elects to have LESSEE
remove the improvements, LESSEE shall have sixty (60) days to do so.
B. OTHER AIRPORT PROPERTY: In the event of damage or 'destruction of
Airport property caused by the LESSEE, its agents, employees, aircraft or other
equipment, LESSEE agrees to repair, reconstruct, or replace the affected
property to the condition which existed prior to such damage or destruction, to
the extent that same is not covered by insurance required under this Lease.
LESSEE further agrees to cause such repair, reconstruction or replacement or
affected property with due diligence.
22. DEFAULT, TERMINATION & FORFEITURE:
A. The failure by LESSEE to pay rent in the amounts and at the times specified
herein, or the failure by LESSEE to otherwise comply with any term, provision or
condition of this Lease, shall constitute grounds for termination of this Lease and
forfeiture of all rent paid by LESSEE to the time of termination. This Lease and
tenancy shall terminate and rent paid shall be forfeited for cause as specified
above on written notice by LESSOR to LESSEE stating the amount of rent in
default or otherwise stating accurately the manner in which LESSEE fails or has
failed to comply with this Lease. LESSEE shall make full payment or otherwise
comply with this Lease in the manner specified in the notice within thirty (30)
days (except three (3) days for payment of rent) from LESSEE's receipt of such
notice, otherwise this Lease and tenancy shall be terminated and rent forfeited.
Such notice shall be given in writing and served on LESSEE by personal delivery
or mailed by certified mail with return receipt requested addressed to LESSEE at
its address stated above LESSEE's signature to this Lease or such other address
as the parties may advise each other in writing. It is further agreed that after
receipt of notices and as an additional condition to avoid forfeiture, LESSEE shall
pay LESSOR's costs and expenses, including attorney's fees, for the preparation
and service of such notice. Nothing contained herein shall release or diminish
LESSEE's obligation to pay rent for the full term of this Lease save such amount
as LESSOR recovers as rent from any subsequent lessee during the term of this
Lease. Notices shall be deemed received three (3) days after mailing to
LESSEE at the address below LESSEE's signature to this Lease or such other
address as the parties may advise each other in writing.
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B. As additional and not alternative remedy, optional with LESSOR and upon
thirty (30)days written notice to LESSEE, should LESSEE be in default
hereunder other than default in the payment of rent, LESSOR may cure or
correct the same and the cost of such action by LESSOR shall immediately
become due and payable from LESSEE, together with late fees on said sum at a
rate of twelve percent (12%) per annum, and the non-payment of said sum by
LESSEE shall be adequate grounds for LESSOR to invoke the other remedies as
provided in this Lease.
C. Upon termination of this Lease for any reason, LESSEE shall immediately
surrender the premises to the LESSOR in good condition and repair, ordinary
wear and usage excepted; and LESSEE shall remove all of LESSEE'S personal
property, trade fixtures, equipment or improvements removable by prior
agreement with LESSOR from the premises and shall repair any damage to the
premises caused by such removal. Any personal property of LESSEE, or
anyone claiming under LESSEE, which shall remain upon the premises at the
expiration or termination of this Lease shall be deemed to have been abandoned
and may be retained by LESSOR as LESSOR'S property or disposed of by
LESSOR in such manner as LESSOR sees fit without compensation to any
party.
23. INSOLVENCY
In the event LESSEE is declared bankrupt by a court of competent jurisdiction or
in the event LESSEE makes an assignment for the benefit of creditors, or if a
receiver otherwise is appointed for LESSEE, or in the event LESSEE's leasehold
estate is subjected to execution to satisfy any judgement against LESSEE, then
in that event LESSOR may immediately or at any time thereafter without notice
or demand enter into and upon the premises or any part thereof and repossess
the same and expel LESSEE or any person upon the premises and remove their
effects, and thereupon this Lease and the tenancy hereby created shall
absolutely terminate, without prejudice to any remedies which might otherwise be
available to LESSOR for collection of past due or future rent.
24. VENUE, ATTORNEY FEES:
In the event of litigation to enforce the rights and obligations hereunder, venue
shall lie in Yakima County Superior Court, and the prevailing party shall be
entitled to its reasonable attorney fees in addition to court costs.
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W
M
To the extent required by law, LESSEE, for itself, its personal representative,
successors in interest and assigns, as a part of the consideration hereof, does
hereby covenant and agree as follows:
A. No person, on the grounds of race, color, religion, sex, age, marital status,
handicap or national origin, shall be unreasonably excluded from participation in,
denied the benefits of, or be otherwise subjected to discrimination in LESSEE's
personnel policies and practices or in the use or operation of LESSEE's services
or facilities.
B. LESSEE agrees that in the construction of any improvements on, over or
under Airport land and the furnishing of services thereon, no person, on the
grounds of race, color, religion, sex, marital status, handicap, age or national
origin, shall be unreasonably excluded from participation in, denied the benefits
of, or otherwise be subjected to discrimination.
C. LESSEE shall use the Premises in compliance with all other requirements
imposed by or pursuant to Title 49. Code of Federal Regulations, Department of
Transportation, Subtitle A, Office of the Secretary, Part 21, Non-discrimination in
Federally Assisted Programs of the Department of Transportation-Effectuation of
Title VI of the Civil Rights Act of 1964, and as said Regulations may be
amended.
D. It is the policy of the Department of Transportation that minority business
enterprise as defined in 49 CFR Part 23, i.e., firms owned and controlled by
minorities; firms owned and controlled by women and firms owned and controlled
by financially disadvantaged persons; shall have the maximum opportunity to
participate in the performance of leases as defined in 49 CFR Section 23.5.
Consequently, this Lease is subject to 49 CFR Part 23 as applicable.
Lessee hereby assures that no person shall be excluded from participation in,
denied the benefits of or otherwise discriminated against in connection with the
award and performance of any contract, including leases, covered by 49 CFR
Part 23 on the grounds of race, color, national origin or sex.
Lessee hereby assures that it will include the above clauses in all sub-leases and
cause sub-lessees to similarly include clauses in further sub-leases.
�� •,1
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This document embodies the entire Lease between the parties with respect to
the subject matter herein contained. No amendments or modifications hereof
shall be enforceable unless in writing, signed by the party to be charged.
Time is of the essence of this entire Lease,
i
Filename: Lease/Smith Aerospace 05
STATE OF WASHINGTON
County of Yakima
C7r 9,,-/,
to/ 4-
certify that I know or have satisfactory evidence that Douglas C. Hahn and ,5 WMam_
Wheeler signed this instrument, on oath stated that they were authorized to execute the
instrument and acknowledged it as the Chairman and the �4� re
Board of the Yakima Air Terminal - McAllister Field to be the free and svpolunectively of the
tary act of.
such Party for the uses and purposes mentioned in the instrument.
Date
By:
Notary Publi
Appointment Expiresl/ -/ -0'7
Rename: Lease/Smith Aerospace 05
IX
TA.1,
.0-
-7.
,(/fit
14
LESSEE'S:
SMITHS AEROSPACE, LLC
2720 W Washington Ave
Yakima, WA 98903
Attention: Todd Thomas Director of Finance
509-248-5000 ext 210
509-452-7022 Fax
Walter E. Orme Secretary
STATE OF WASHINGTON
County of Yakima
17
Date
I certify that I know or have satisfactory evidence that Walter E. Orme signed this
instrument, on oath stated that he was authorized to execute the instrument and
acknowledged it as the Secretary respectively of Smiths Aerospace LLC to be the free
and voluntary act of such party for the uses and purposes mentioned in the instrument.
By: --.i' 1W .
Notary Public
Appointment Expires
C0Mh40NV-V1 ALTH OF PENNSYLVANIA
Notarial seal
Deborah M. Gilligan, Notary Public
Malvern Bore, Chester. CCounty
MY Commission Expires Mar. 10, 2007
Member, of Notaries
Rename: LeaselSmith Aerospace 05 15
Exhibit "A" to Lease Agreerr,
between Smiths Aerospace Actuation Systems
and the Yakima Air Terminal - McAllister Field
Leased Area:
11,137 sq. ft. aL
v ate: r
ZOIMI
...............................................
W. Washington Ave.
Smiths Aerospace
if
Existing Parking - Smiths
Lease Site Area
2591-011
11,137 sq. ft. parking area