Second Amendment to Ground Lease
Agreement with Duke’s Chowderhouse, LLC.
at Shilshole Bay Marina
September 24, 2019
Presented by Melinda Miller,
Maritime Portfolio
Item No. 6e_supp
Date of Meeting September 24, 2019
Updated Site Plan
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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
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