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.' <br />KITTITAS COUNTY AIRPORT <br />(This eredit represents the investment Midstate Aviation paid for improvements into <br />the new main hangarconstructl on) <br />CREDIT FOR FBO SERVICES <br />A credit of not less than $20,000.00 ' per year shall be given to Lessee as <br />long as Lessee provides the current leve ot se rviC{ls described in Exliiblt "8" <br />a tached haralO. The credit shall be r~vie~ved each year . If lessee tails to <br />perform .all or a portIon ot thn services. the credit shail be prorated to reilec t <br />the aotual services performed for that year. <br />ADJUSTMENT OF RENTAL. <br />After the fifth YIi#lf'/ (he Lessor sflall '"we (he rlgll( [0 rcodjusr the rem 01'/ or <br />before. November 1 of fhe ·fifth, tonth, f{Ireenrh and fwernieth yenr of this lea~e (or each <br />folJovling five yeaI' perIod; provided, /lowever tJ1at any i f/creaSe! shall NOT' EXCEED THE <br />CUMULA T/VE EFFECT OF THE CPI lNDFIX O VER THE PREVIOUS FJVE YEARS. <br />If the Lessee does not agree with the rental. the Lessee mey requEst arbllrG ti cn. <br />Ii the Lessee elects 0 arbitrate. he lessee shall se\e<;t one arbitrator and tr1e County <br />shall select one arbilrator and ~he two so chosen shall selec::1 R thIrd arb'tr~lo(. The <br />arbilrators shall have the authority to increastl the renl or Cl,ln Inue the previows f2r'11 c1 <br />and bo th parties shall be bound. by the declslon 01 the aroi\rt!tOls. Th<:! ::05: oi <br />arbitration sh"lll be borne by the Lessee. <br />LEASEHQLD TAX: In addition 10 any renrdl hQrem provided. the lesse~ sflc;1I pay <br />to Ihe ~essor tlie le~sel1old tax as set fOrih b'lthe State of Washinglon in Ch ap ler 61, LeNIS <br />of 19i6. SeCOnd Executive Session (RC.W 62.29A) O( as amended. The tax shall be dus <br />and payable at the s2rne lime the rental charged herein IS due and payable. <br />FIRE PROTECTION ASSESSMENT. /n addition to any rental he(~tn provided. ih_ <br />lessee shall pay an annual fee wh ich shalt be In lieu oi ~axes for fire P(0l8CHon se-('1ico;s. 2 <br />sum equal lo $1.00 (plus any specia l tevies of the Fire Di::;ttict whien l ias rEcmveo . Ot~r <br />approval) per $1.000.00 oj appraised value of land a r d ,mproven'1€nts oj the W-C!lIsd <br />premises. The value of Ihe leased premIses shall b delermi ned by the Kiimas Couray <br />Assessor . Th~s fee snall be due annu<;IJly e<'lch and every year dunng Ihe term ;;:nd shall he <br />due and payable on the is 'day of March of each year <br />Ul'IUiIES: T he Lessee sha ll pay for extension of and all Jtllity servlCS S supph€C Ie <br />(/'Ie premises. AJ'ly such extensions shall be suo;ect 10 ti)e <ldvance revi ew oi It-,e L!:ssOI <br />pURPOSE. The Lessee shall utiltze U1e premises for Ihe rental of a lr\:fa;t. fly ing <br />lessons, providing iuel ancj repair services to aircra I and any other approved aviatIon <br />related activities. <br />MIDSTATE AVIATION LEASE. PAGE 2 <br />Page 17 of JJ <br />1'::'