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KITTITAS COUNTY <br />AIRPOR, <br />MP�KITi'1TA5 COUNTY AIRPORTDEPARTMENT OF PUBLIC WORKS�r0 L P A S E <br />THIS LEASE made and dated this 6th day of October, 1998, is by and between the <br />COUNTY OF KITTITAS, Washington, the Lessor hereinafter referred to as the "County", and <br />CASCADE PALLET COMPANY, INC., a Washington corporation, the Lessee, hereinafter <br />referred to as the "Lessee". <br />The County herewith agrees to let unto Lessee and Lessee herewith agrees to lease <br />from the County the following described real property, situated in Kittitas County, Washington, <br />to -wit: <br />See Exhibit "A" attached Hereto. <br />Containing 3.02 acres (131,551 sq ft) more or less. <br />This lease is made in accordance with the provisions of RCW 36.34. <br />TERM. The term of this lease shall run concurrently with the lease dated February 12, <br />1998, between Cascade Ballet Company Inc,, and Kittitas County. This lease shall commence <br />on the 1st day of February, 1999, and shall terminate on the last day of F5PP58, y, hh2023. <br />RENT. Rent shall be paid in advance on semi-annual basis and the re>�ta7 for eh <br />year shall be as follows: <br />2/01199 <br />1/31/00 <br />$3,946.00 <br />(pro rated at 3 cents per sq ft) <br />21011001131100 <br />`1/31/01 <br />$3,946.00 <br />{3 cents per sq ft pr yr} <br />2/01/01 <br />- <br />$3,946.00 <br />(3 cents per sq ft pr y-) <br />2/01/02 <br />- 1/31/03 <br />$3,946.00 <br />(3 cents per sq ft pr yr) <br />Lessee shall receive a credit of 1-112 cents per square foot rent credit upon <br />completion of the improvements listed on Exhibit ,A" attached hereto and by this <br />reference incorporated herein. Said credit shall be effective the first of the following <br />month of completion of said improvements and shall continue until January 31, 2003, <br />ADJUSTMENT OF RENTAL. Beginning with February 1, 2003, the Lessor shall have the <br />right to increase rental rates every two years; provided that the annual rental rate shall not <br />LAND LEASE - INDUSTRIAL AREA <br />PAGE 1 <br />