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KITTITAS COUNTY AIRPORT <br />i DEPARTMENT OF PUBLIC WORKS <br />LEASE <br />THIS LEASE made and entered into this 1St day of by and <br />between Kittitas County, a municipal corporation in the State of Washington, hereinafter <br />referred to as the LESSOR, and Tyler Glahn, hereinafter referred to as the LESSEE. <br />WITNESSETH: <br />The Lessor hereby agrees to lease to the Lessee, and the Lessee hereby agrees to <br />lease from the Lessor, the following described real property (hereinafter the "Property"): <br />See Exhibit "A" attached hereto, also described as: <br />Lots H-34 and H-35 of the Kittitas County Amended Binding Site Plan BS -10-00001, <br />as recorded June 28, 2010, in Book 11, pages 249-255, County of Kittitas, State of <br />Washington. <br />Each Lot Containing 6,534 sq. ft. or .15 acres more or less. <br />Containing a combined total of 13,068 sq. ft. or 0.3 acres more or less. <br />This lease is made in accordance with Chapter 2.81 KCC. This lease is subject to the <br />provisions of Chapter 59.12 RCW as currently existing of hereafter amended. <br />1. TERM: The term of this lease shall be 50 years and will commence on the 1St day <br />of September, 2017. <br />2. RENT: Rent shall be paid in advance on an annual basis, with the first payment <br />due on or before the 1st day of September each year and continuing thereafter until <br />termination of this lease. The rental for each year shall be as follows: <br />LOT H-34: <br />09/01/17 — 08/31/22 <br />Rental Rate <br />($.12 per Sq. Ft.) <br />Not Including <br />Leasehold Tax* <br />Term <br />09/01/17 — 08/31/18 <br />784.08 <br />09/01/18 — 08/31/19 <br />784.08 <br />09/01/19 — 08/31/20 <br />784.08 <br />09/01/20 — 08/31/21 <br />784.08 <br />09/01/21 — 08/31/22 <br />784.08 <br />09/01/22 <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 />