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r - 3 KITTITAS COUNTY AIRPORT <br />DEPARTMENT OF PUBLIC WORKS <br />ADDENDUM TO LEASE <br />THIS ADDENDUM TO LEASE is made and dated this _ day of <br />2017, by and between KITTITAS COUNTY, a municipal corporation in the State of Washington, <br />hereinafter referred to as the LESSOR, and CHRIS PRATZ, and hereinafter referred to as the <br />LESSEE. <br />WITNESSETH: <br />WHEREAS, LESSOR and LESSEE entered into a Lease on February 1, 2012, a copy of <br />which is attached hereto and by this reference incorporated herein; and <br />WHEREAS, according to Paragraph 3 "Adjustment of Rental", it states " After the fifth <br />year, the Lessor shall have the right to re adjust the rent on or before February 1s` of the fifth, <br />tenth, fifteenth and twentieth year of this lease", <br />WHEREAS, it has been agreed between LESSOR and LESSEE that the following CPI <br />Index will be used for future rental increases. <br />"CPI —All Cities -All Items Size Class D Under 50,000" <br />NOW, THEREFORE, IT IS HEREBY AGREED by and between the parties to a change in <br />rental rates and contract terms as follows: <br />1) "Paragraph #2 — Rent" — Rental Rates for 02/01/2017 thru 01/31/2022 Term. <br />02/01/17 — 01/31/22 <br />Term <br />Previous Rental Rate <br />($.12 per Sq. Ft) <br />Rental Rate <br />($.122 per Sq. Ft.) <br />Not Including <br />Leasehold Tax' <br />$760.82 <br />02/01/17 — 01/31/18 <br />772.69 <br />02/01/18 — 01/31/19 <br />772.69 <br />02/01/19 — 01/31/20 <br />772.69 <br />02/01/20 — 01/31/21 <br />IZ72.69 <br />02/01/21 — 01/31/22 <br />772.69 <br />02/01/22 <br />Renegotiate <br />Rene otiate <br />'The current Leasehold Excise Tax Rate is 12.84%, as determined by the State of Washington and is subject to change. <br />