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KITTITAS C4\-...,·ffY AIRPORT <br />DEPARTM OF PUBLIC WORKS <br />ADDENDUM TO LEASE <br />THIS ADDENDUM TO LEASE is made and dated this 4--f1aay of {\] t> Vt. IY} [{? fc , <br />2008, 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 I T N E S S E T 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 year, <br />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 11/01/08 thru 10/31/13 Tenn. <br />11/01/08-10/31/13 Rental Rate ( l,09 Leasehold Tax Total Per Year <br />Te-rm oer Sa ft) <br />11/01/08 -10/31 /09 $ 475.52 $ 61.06 $536.58 <br />11/01/09-10/31/10 $ 475~52 $ 61 .06 $536.58· <br />11/01/10-10/31/1'1 $475.52 ) 61.06 $536.58 <br />11/01/11-10/31/12 $475.52 )) 61.06 $536.58 <br />11/01/12-10/31/13 $ 475 .52 1,61.06 $536.58 <br />10/31/13 Reneootiate Reneaofiate <br />PACE LEASE PAGE 1