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KITTITAS COUNTY AIRPORT <br />LOT C-6: <br />04/01/2017 -03/31/2022 Term Annual Rental Rate <br />($.063 per Sq. Ft) <br />04/01/17 -03/31/18 $3,512 .68 <br />04/01/18 -03/31/19 $3,512 .68 <br />04/01/19 -03/31/20 $3,512.68 <br />04/01/20 -03/31/21 $3,512 .68 <br />04/01/21 -03/31/22 $3 ,512 .68 <br />04/01/22 Renegotiate <br />3) REN TAL RATE ADJUS T MENT : <br />Pursuant to RCW 36.34.180 the rental for every five year period thereafter, or part thereof, <br />at the commencement of such period, shall be readjusted and fixed by the Board of County <br />Commissioners ; <br />(a) After the fifth year, t he Less or shall have the right to re adjust the rent on or before <br />February 1 sl of the fifth yea r of this lease for each follo wing fi ve year period; and the <br />increase shall BE THE CUMULATIVE EFFECT OF THE CPIINDEX OVER THE <br />PREVIOUS FIVE YEARS. It is agreed between LESSOR and LESSEE that the <br />following CPllndex will be used for future rental increases: <br />"CPI -All Cities-All Items Size Class D Under 50,000." <br />(b) If there is a mathematical dispute and the Lessee does not agree that the CPI index , <br />above listed , yields the rental rates for one of the subsequent five year terms, the <br />Lessee may request arbitration. If the Lessee elects to arbitrate, the Lessee shall <br />select one arbitrator and the Lessor shall select one arbitrator and the two so chosen <br />shall select a third arbitrator. The arbitrators shall have the authority to calculate the <br />rental rate for the next five years based upon the above-listed CPI index, and both <br />parties shall be bound by the decision of the arbitrators. The cost of arbitration shall be <br />borne by the Lessee. <br />4) MAINTENANCE : <br />The Lessee covenants, promises, and agrees that it will perform all routine maintenance <br />on said premises hereby demised so as to keep the same in as good as condition as the <br />same now exists . Damage by fire, acts of God and reasonable wear, tear, and usage <br />are excepted. <br />The Lessee further agrees that it will not commit waste, and that it will keep said <br />premises and grounds, including those owned by the Lessee in a safe, sanitary and <br />orderly condition and in general shall comply with all the applicable governmental rules, <br />ordinances and regulations as may be required or imposed by such authorities on said <br />LAND LEASE· INDUSTRIAL AREA PAGE 2