Item No.
Date of Meeting

6e_supp
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

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Proposed Revisions to Lease
Lease Term

Current Agreement

Amendment #2 eff. 12/1/19

Premises
Construction Rent
Begin Post-Construct. Rent
Post-Construction Rent
Lease Expiration

8,022 SF
$3,216
August 1, 2019
$12,864
July 31, 2038

9,200 SF
$4,188
May 1, 2021*
$14,753
April 30, 2041

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

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