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Commission delegates authority for third lease amendment at Saint Edward State Park
Summary
The Commission delegated to the Director authority to approve a Third Amendment to the Lodge at Saint Edward Park lease, which would allow a lessee option to extend the lease from 62 to 80 years; the vote recorded five in favor and one abstention.
The Commission considered staff's requested action to authorize an exception to delegation limits and to allow the Director to approve a Third Amendment to the Lodge at Saint Edward Park, LLC lease at Saint Edward State Park in King County. The proposed amendment, as described in the meeting materials, would give the lessee an option to extend the lease term from 62 to 80 years under authority consistent with 2SHB 1024.
“Authorize an exception to Section L of 25-07-01, Delegations of Authority for Real Estate Transactions and Services (Commission-adopted revisions dated November 21, 2019), as set forth in Appendix 5,” the agenda text states. Laurie Connelly moved approval and Scott Merriman seconded. The recorded vote shows five commissioners in favor and one abstention (Ali Raad); the motion was recorded as approved. The Commission's action delegates the procedural authority to the Director to process and sign the amendment if and when the lessee exercises the option.
