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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />B <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />1$ <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />the sum of One Dollar ($1.00) per annum through February 28, <br />2017. CWU shall pay the sum of Eight Thousand Four Hundred <br />Sixty -Six Dollars ($8,466) beginning March 1, 2017. There <br />will—be one adjustment every fifth year thereafter. The <br />adjustments from April 2022 through February 2047 will be the <br />cumulative change in the Consumer Price Index for the previous <br />five years, or, 15% whichever is ,lower. The adjustments from <br />March 2047 through February 2067 will be the cumulative change <br />in the Consumer Price Index for the previous five years, or, <br />20% whichever is lower. See Exhibit (A). <br />LEASE TERMINATION: This lease may not be terminated during <br />the initial term by either party except as provided herein. <br />Thereafter, the lease may be terminated by either party with <br />a minimum of 180 days written notice prior to the start of any <br />new term. <br />MAINTENANCE AND OPERATION COSTS: During the term of this <br />lease, it shall be CWU's responsibility to fund its own <br />maintenance and operations costs as determined by CWU. No <br />impact is anticipated on County maintenance and operations <br />costs because of the presence of a CWU facility at the <br />airport. Any maintenance work performed by the County at the <br />request of CWU on CWU leased land, and the payment therefor, <br />AIRPORT PROPERTY LEASE <br />PAGE 3 <br />DAVID A. PlrrS <br />KI TSTAS COUNTY PROSECUTOR <br />KITTITAS COUNTY COURTHOUSE ROOM 217 <br />ELLENSHURG. WASHINGTON 99926 3129 <br />TELEPHONE S69 992 7520 <br />