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KITTITAS COUNTY <br />AIRPORT <br />ADJUSTMENT OF RENTAL: The rental for every five year period thereafter, or <br />part thereof, at the commencement of such period, shall be readjusted and fixed by <br />the Board of County Commissioners; <br />(a) After the fifth year, the Lessor shall have the right to readjust the rent <br />on or before April 1 st of the fifth, tenth, fifteenth, twentieth, twenty-fifth, <br />thirtieth, thirty-fifth, fortieth, forty-fifth, fiftieth, fifty-fifth, sixtieth, sixty- <br />fifth; and seventieth years of this lease for each following five year <br />period; and the increase shall BE THE CUMULATIVE EFFECT OF <br />THE CPI INDEX OVER THE PREVIOUS FIVE YEARS. The rent <br />increase is at the sole discretion of the Lessor, and Lessor may elect to <br />maintain the rent at the previous rate. It is agreed between LESSOR <br />and LESSEE that the following CPI Index will be used for future rental <br />increases: <br />"CPI — All Cities -All Items Size Class D Under 50,000." <br />LEASEHOLD TAX: In addition to any rental herein provided, the Lessee shall pay <br />to the Lessor the leasehold tax as set forth by the State of Washington in Chapter <br />61, Laws of 1976, Second Executive Session (R.C.W. 82.29A) or as amended. <br />The tax shall be due and payable at the same time the rental charged herein is due <br />and payable. <br />5. FIRE PROTECTION ASSESSMENT In addition to any rental herein provided, <br />the Lessee shall pay a fee which shall be in lieu of taxes for fire protection <br />services. The annual rate shall be based upon the annual fire assessment <br />determined by the Kittitas County Assessor and Kittitas Valley Fire & Rescue to <br />be calculated on January 15t of the current year. The assessment shall be pro- <br />rated monthly, due and payable concurrently with the monthly lease payment. <br />6. UTILITIES: The Lessee shall pay for extension of and all utility services supplied to <br />the premises. Any such extensions shall be subject to the advance review of the <br />Lessor. <br />7. PURPOSE: It is understood by Lessee that this lease is for commercial purposes <br />and that the lease rate is for a ground lease for a private Aircraft Hangar. The <br />Lessee shall utilize the premises primarily for an aircraft hangar for commercial <br />aircraft storage and maintenance at least seven (7) months out of each calendar <br />year. The following maintenance activities are specifically NOT ALLOWED: <br />• Fuel transfer <br />• Welding <br />• Torch cutting <br />• Torch soldering <br />• Doping <br />• Spray painting <br />PAGE 2 <br />