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EXlJIBrJ I <br />(Cnunty Lc.ise) <br />KJTTITAS 0;, .. JNTY AIRPORT <br />DEPARTMENT Of PUBLIC WORKS <br />LEASE <br />TH!S LEASE made and entered into th:s 2n'1 day o1 Octcber, 1%8, ty ;;:nd <br />between Kittit.is County. a rnunicipc:;J ccrpcrat;ar. in :he State cf VVash,ng:or.. r.fcrf.:11 ~a:1er <br />rEferrcd to as tt1e LESSOR , and MIDST ATE AVIATION, INC., 2 Wast: ng:or ::c rpora:1,:n, <br />;;ere,r.afte; tefer.-ed :o as the LESSEE. <br />WIT N ES SETH: <br />The Lessor hereby agr!.?es to lease to the Lessee, and ti,e Lessee r.croby <br />~~)rees to ,ease from the Lessor , the rea: property described as fo ''cws · <br />See Exh•bit 'A' attached hen,to <br />Con taini:is; 95,395 square feet, rno,e er less <br />T:1is ,eilse is made i:1 accorcance with RCW 36.24 <br />I_;,R~j The term cf this !ea~e shall be ~er t\/1{2n:y-f;ve (25) years Qnd ,.,.,, ;_ ccrnr.or.c:1 <br />O'". 1r.e 1st nay cf Noverr.be.". 1998, and !EH"'.1"ilnaie cri the las1 d~y o~ Oc~c-:-Er 2023. r.:xc>f~~ <br />?.'5 prc·J1:ied hereunder <br />RE:_N 'I . Hent sheii be, paid in advance on a ;,-,onrhly basts, w:tn trE f:rs; pi~·rn e~t ::;·.;e <br />Cil o r b1:;fcre the i st day of Novemher c( e~-~ year b2G:nr:lnG 1Mitr. ~-ioverr:oe:-i ~. 9£-8, ..:r~~ <br />c:o :;!inu1.;~ tneredfter un~ii terrninaticn of ~his iease The rental tor eat.h year s~.2.1: be 2~ <br />~<;.hew~; <br />~ i!O I /98 -10/31i04 <br />Land lease rate -:J5,396 sq 12el@ 6 cents ;ir sq ft -S 5 .72'1 pe: Y'<c:r <br />·, ,iCi1,'9o -10/31/04 <br />M~ir "'-tiangar buitciing :ease rate @ S2.00 per sq f! <br />11/01/SB-10i31i04 (6,534 sq ft) <br />l Hr .d lcnse fr,r Moc bi_:i'dl:-19 site:@ 6 cent pr sq ft "=' 5 392 oc "' ·:•l::::-~- <br />l~NESTMENT CREDIT (20 YEARS) <br />1 ~,/01/~8 -· 1J/3~/99 l.S ~10 LX)Q~ <br />111a1,99 . ~0131;cc [$1G oco; <br />~ UC1/00 -10/3i/01 [S l,500: <br />; 1/011()~ -1ot31 f i8 :.;.: :5 i .~:c] r ;:-~ ;.1:;1:~.!