Laserfiche WebLink
EXHIBIT 2 <br />(Lease Addendum) <br />KITTITAS C .... "NTY AIRPORT <br />DEPARTMENT OF PUBLIC WORKS <br />ADDENDUM TO LEASE <br />THIS ADDENDUM TO LEASE Is made and dated this L_~ day of~~r~l2014, by and <br />between KittItas County. a municipal corpor'liion in the State of Washington, hereinafter referred <br />io as the LESSOR, and MJDSTATE AVIATION INC., and hereinafter referred to as Ihe LESSEE. <br />WIT N E SSE T H: <br />WHEREAS, LESSOR and LESSEE entered into a Lease on October 27. 1998. 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 Dr before November 1'1 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 wiJ! be used for future rental increases. <br />"CPI -All Cities-All Items Size Class 0 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" -Renlal Rates for 11/01113 thru 10131/18 Term . <br />Land lease rate -95,396 sa fe1!t <br />11l0j/i 3-10{31/18 Previous Rat!! Rental Rate .., <br />T9rm P9r Year ($.067 per Sq FI) <br />Not Including Leasehold <br />Tax' <br />$6.200 .74 <br />1110 1113-1 0/31/14 $ 6 ,347 .08 <br />11/01/14-10/31/15 $ 6.347 08 <br />1--. 11/Q1115-10131/16 $ 6,347 .08 <br />11/01/16·10131117 $ 6,347 ,08 <br />f -11/01/17·10131/18 S 6347.08 <br />L-.. 11/01118 ! .. Rene~Oliate <br />'Tho cUm1nt Leasehold E~cis9 Tax Rate ,'s 12 84%. as tJateflninetJ by thn Slate of Washington and is suhject to change <br />Page 28 of33