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Lease Addendum DNR
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2018-06-05 10:00 AM - Commissioners' Agenda
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Lease Addendum DNR
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Last modified
6/13/2018 12:44:01 PM
Creation date
6/13/2018 12:43:15 PM
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Meeting
Date
6/5/2018
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Fully Executed Version
Supplemental fields
Alpha Order
s
Item
Request to Approve and Sign a Lease Addendum with the Department of Natural Resources for County Property Located at the Bowers Field Airport
Order
19
Placement
Consent Agenda
Row ID
45299
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KITTITAS COUNTY AIRPORT <br />DEPARTMENT OF PUBLIC WORKS <br />ADDENDUM TO LEASE <br />THIS ADDENDUM TO LEASE is made and dated this 1st day of May, 2015, by and between <br />Kittitas County, a municipal corporation in the State of Washington, hereinafter referred to as the LESSOR, <br />and Department of Natural Resources, an agency of the State of Washington, and hereinafter referred <br />to as the LESSEE. <br />W I T N E S S E T H: <br />WHEREAS, LESSOR and LESSEE entered into a Lease on May 11, 1977, a copy of which is <br />attached hereto and by th is reference incorporated herein; and <br />WHEREAS, on May 1, 2012 Addendum No. 1 was executed to set the rental rates as agreed upon <br />by the parties and as described below in Terms and Rental Rates-8.12 acres; and <br />WHEREAS, the LESSEE requested from LESSOR to lease an additional 5.2 acres abutting the <br />current acreage being leased; and <br />WHEREAS, a Binding Site Plan Amendment was completed to accommodate the request and has <br />been approved; and <br />WHEREAS, the legal description for said parcel is attached as Exhibit "A " to said Amendment; <br />NOW, THEREFORE, IT IS HEREBY AGREED by and between the parties that this Addendum to <br />Lease is to address the rental rates and contract terms as follows for the additional 5.2 acres and the current <br />rental rates and contract terms for the 8.12 acres: <br />Terms and Rental Rates -8.12 ac res (353,707.20 sq. ft.) <br />1) "Paragraph #2-Rent" -Rental Rates for 7/01/2012 thru 6/30/2017 Term . <br />Lease Periods: Current Rate CPl-2.3% New Rate Lease Periods: <br />7/01/12 thru 6/30/17 Lease 40% Iner. <br />7/01/12 -6/30/13 $3 430.00 $78.89 $3,508.89 7/01/12 -6/30/13 <br />7/01/13-6/30/14 $3,430.00 $78.89 $3 508.89 7/01/13-6/30/14 <br />7/01/14-6/30/15 $3,430.00 Per lease 40% Inc. $4,802.00 7/01/14 -6/30/15 <br />7/01/15 -6/30/16 $3,430.00 Per Lease 40% Inc. $4,802.00 7/01/15 -6/30/16 <br />7/01/16 -6/30/17 $3,430.00 Per Lease 40% Inc. $4,802.00 7/01/16 -6/30/17 <br />7/01/17 To Be NeQotiated To Be NeQotiated 7/01/17 <br />DNR Lease Addendum PAGE 1
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