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Lease Amendment Emory LLC
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09. September
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2018-09-04 10:00 AM - Commissioners' Agenda
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Lease Amendment Emory LLC
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Last modified
9/10/2018 3:32:01 PM
Creation date
9/10/2018 3:31:43 PM
Metadata
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Template:
Meeting
Date
9/4/2018
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
e
Item
Request to Approve an Addendum to a Lease with Emory LLC for Property Located at Bowers Field Industrial Area
Order
5
Placement
Consent Agenda
Row ID
47519
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KITTITAf )UNTY AIRPORT <br />• DEPART\.,..:NT OF PUBLIC WORKS <br />AMENDMENT TO LEASE <br />THIS AMENDMENT TO LEASE is made and dated this f111day of <br />{)D VvVYLber , 2013, by and between Kittitas County, a municipal corporation in the State <br />of Washington, hereinafter referred to as the LESSOR, and EMORY L.L.C., and hereinafter <br />referred to as the LESSEE. <br />WIT N E S S ETH: <br />WHEREAS, LESSOR and LESSEE entered into a Lease on September 1, 2008, 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" the rental rate <br />shall be re-adjusted and fixed by the Board of County Commissioners every five years as required <br />in RCW 36.34.180"; <br />WHEREAS, it has been agreed between LESSOR and LESSEE that the following CPI <br />Index will be used for future rental increases. <br />"CPI -All Cities-All Items Size Class D 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" -Rental Rates for 9/01/13 thru 8/31/18 Term. <br />Lot C-3 rate -1.28 Acres -55,756.80 sq. feet <br />Previous Rate Rental Rate <br />11 Term Per Year ($.063 per ($.064 per Sq Ft) <br />Sa Ft) <br />09/01/12 -08/31/13 $3,512.68 <br />09/01/13-08/31/14 $3,567.48 <br />09/01/14 -08/31/15 $3,567.48 <br />09/01/15 -08/31/16 $3,567.48 <br />09/01/16 -08/31/17 $3,567.48 <br />09/01/17 -08/31/18 $3,567.48 <br />09/01/18 Reneootiate <br />Emory LLC <br />Lease Addendum PAGE 1
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