PIKE PLACE MARKET QB2

PIKE PLACE MARKET QB2 PIKE PLACE MARKET QB2 WAS CREATED BY PIKE PLACE MARKET PDA TO FACILITATE NEW MARKETS TAX CREDIT FINANCING TO SUPPLEMENT THE LEVY PROCEEDS (TAX LEVY APPROVED BY THE SEATTLE CITIZENS IN 2008) WHICH PROVIDE FUNDS TO REPAIR AND REHABILITATE MANY OF THE PIKE PLACE MARKET'S BUILDINGS. PIKE PLACE MARKET QB2 (PPM QB2) IS A WASHINGTON NONPROFIT MEMBERSHIP CORPORATION OF WHICH PIKE PLACE MARKET PDA IS THE SOLE MEMBER. PPM QB2 WAS ORGANIZED TO ASSIST PPM PDA IN ACCOMPLISHING PDA'S PUBLIC PURPOSE. PPM QB2 WILL UNDERTAKE THE REHABILITATION AND COMPLETION OF CONSTRUCTION OF THE FOLLOWING BUILDINGS WHICH HAVE BEEN LEASED FROM PIKE PLACE MARKET PDA UNDER A MASTER LEASE AGREEMENT: CORNER, SANITARY, TRIANGLE, SOAMES- DUNN, ECONOMY, STEWART. PPM QB2 WILL BE RESPONSIBLE FOR THE COSTS ASSOCIATED WITH THE IMPROVEMENT, RESTORATION, REPAIR, REMODELING, REPLACEMENT, MAINTENANCE, OPERATION, LEASING, AND MANAGEMENT OF THE ABOVE BUILDINGS.