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. ·, <br />itl11 1) <br />KITTI'. 1UNTY AIRPORT <br />DEPARTh, .. tH OF PUBLIC WORKS <br />ADDENDUM TO LEASE <br />THIS ADDENDUM TO LEASE is made and dated this i 7~ay of l ,,f/([,U:1. 1f"") <br />2011, by and between Kittitas County, a municipal corporation in the State of Washington, <br />hereinafter referred to as the LESSOR, and TERESA ANN SLOAN AND JAMES M. FOODE, and <br />hereinafter referred to as the LESSEE. <br />W I T N E S S ET H: <br />WHEREAS, LESSOR and LESSEE entered into a Assignment of Lease (prior lessee-Jack <br />Dugan) on January 5, 2010 a copy of which is attached hereto and by this reference incorporated <br />herein; and <br />WHEREAS, according to Paragraph 3 "Adjustment of Rental", it states" After the fifth year, <br />the Lessor shall have the right to increase rental rates as outlined above. After the tenth year, the <br />Lessor shall have the right to increase rental rates, provided that the annual rate shall not increase <br />to more than 5% of the previous years annual rental rate, effective at the beginning of the tenth, <br />fifteenth and twentieth years of this lease. <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 6/01/2011 thru 5/31/2016 Term. <br />6/01/11 thru 5/31/16 Re.ntal Rate { l.066 Leasehold Tax_ Total Per Year <br />Term oer Sa Ft) <br />6/01/11 -5/31/12 $ 453.32 $ 58.21 $ 511 .53 <br />6/01/12-5/31/13 $ 453.32 $ 58.21 $ 511.53 <br />6/01/13 -5/31/14 $ 453.32 $ 58.21 $ 511.53 <br />6/01/14 -5/31/15 $ 453.32 $ 58.21 $ 511.53 <br />6/01/15 -5/31/16 $ 453-32 $ 58.21 $ 511.53 <br />6/01/16 Reneaotiate Reneaotiate Rene aotiate <br />FOODE-SLOAN LEASE PAGE 1