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L~ 1 KITTITA! )UNTY AIRPORT ~,·1 DEPAR1'rn::NT OF PUBLIC WORKS <br />ADDENDUM TO LEASE <br />... ,,, ™ <br />THIS ADDENDUM TO LEASE is made and dated this ilth day of P-lllcnvb-(Y , <br />20__Lj by and between Kittitas County, a municipal corporation in the State of Washington, <br />hereinafter referred to as the LESSOR, and WILLIAM R. PACE, Ill, and hereinafter referred to as <br />the LESSEE. <br />W IT N ES S ET H: <br />WHEREAS, LESSOR and LESSEE entered into a Lease on November 2, 1993, 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 increase rental rates for one or more years effective at the <br />beginning of the fifth, tenth, fifteenth and twentieth year 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 11/01/13 thru 10/31/18 Term. <br />11/01/13-10/31/19 Term Previous Rate Per Year Rental Rate <br />{i.09 Qer Sg Ft} {1.12 Qer Sg Ft} <br />Plus Leasehold Tax <br />11/01/13-10/31/14 ~ 475 .52 ~634.02 <br />11/01/14-10/31/15 ~634 .02 <br />11/0 1/15.,10/31/16 i634.02 <br />11/01/16-10/31/17 ~634.02 <br />11/01/17-10/31 /18 fj;634 .02 <br />10/31/18 Renegotiate <br />PACE LEASE PAGE 1