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KITTITAS COUNTY AIRPORT <br />(This credit represen ts the investment Midstate Aviation paid for improvements inlo <br />the new main hanga,: construction) <br />CREDIT FOR FBO SERVICES <br />A cr~dh ot not lass 1han $20,000.00 per year shall be given to• Lessee as <br />long as Lessee provides the cu<rent leval ot ser-vices described ,n Exhlbii •a·· <br />an-ached hereto . The credit shall be revi ewed each year . If Lc.ss_ea fails to <br />perform al! or a p onlon of the service_ , the er dil shall bo prorara<l 10 relle cl <br />the actual ser vices performed for l.hat year. <br />ADJUSTMEN T OF ~ENTAL . <br />/Jr.er rile flfti1 year, the-Lessor shel/,lrovo the right 10 fth."ldjust the rl!llt c11 or <br />b!lfOro Novombor 1 of the 11/rh, 1enth, f{ftliam/J and twrm tlcJ)I yenr of this foDse for each <br />folf¢wi ng 1fve yaor parlod; provfdacl, how.avor rhat any i ncreIJso shall NO T F.XCE.ED THE <br />CUMI./LATIVE EFFECT OF THE CPI INDEX OVER TflE PREVIOUS FIVE YEARS. <br />If the Lessee do~ not agree Wtlh the rental, tn L essee may reqm~s1 arbttm :i cn. <br />If the l.essae elects lo arbilra e . lhe Lessae shall select one arb11talor a nd the Cour,,y <br />Shall -select one arqitra or and ti e tw o so chosen s a-II solec1 ;i 1n1 r d aro 11rz to r Th e <br />.irbllratots snall have the authority to irlere ase the r en: or cuminue lhe pr&v;ou~ , -ncel <br />and both p a rties shall be bound by Lhl'J d.2 c "1on oi tJ;e mb 1ra1ors Tne ~cs , r.f <br />arbilra!,on snnll be borne by the lessen . <br />LEASEHOLD TAX: In add ition to any ren t.:;J herein provirred, the Lesse~ shall pa)• <br />to the Lessor the leasehold tax as set forth by the Srate-cr Washinglc: i n Chf.lpt er 61, Lav!> <br />of 11176 . Second Executive Session (R.C.W. 62 29A) o r as amended Tho iax _shaU ct: oue <br />ano payable et lhe same 1/me lhe rental cl"ramc-<l here in 1s due and payabl <br />FIRE PROTECTION ASSESSMENT In actd1t1u to ar.y rental her~,n pro v1oeo ih;; <br />Lsss~·shall pay an annual fee Which sha I be m re of i.ixes lot !:re prorecllon Sial"Jt ~s a: <br />sum equal lo 5 1.00 (plus any spe-c1el levies of the F·,e 0 1s11,ct whi ::.n tias I EC'i!i eo • 01;;r <br />approval) per S1 ,000.0P Of" r.1ppra ist-1d value oi l~nd encl ,mprnv:::m r:its r.f Ih a lte::o <br />pr em ises . 7'he vali.18 o f the leased pre.mis es sh e.ti be de1enmred by the Ki .. 11.,;'\S Ccumy <br />Assessor. This fee Ghall be due annually e;;Ch 211cJ every . oar dt 1 ,ng U: te rm c:l'IG !.hill! be <br />due a1-1d payable on the 1st day er Marcf1 of ea ch year <br />UJ]UT IES· The Lesse!3 shall pay (or eXIe1~rn of anrJ all lllity services St!ll,)pli~j ro <br />the premises. Any such exten$ion s shall be sub' ct 10 the adV?.nco roview oi tr.e L e~OI <br />PURPOS§ The Lessee iih611 u1,\i;; 11,e p: mise!l !Of lh~ ren ta l of a;,c ;e:,. ilying <br />lessons. providing fuel an repair sorv,tce-.s 10 airer-ah sl'}d any c.thfr.' approved .111 la1lon <br />related activities <br />MI0STATE AVIAilON LEASE ?AGE 2 <br />Page 17 ofJJ <br />··,-··-- <br />~ _ ....... ,.