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EXHIBIT I <br />(County Lease) <br />.y KITTITAS NTY AIRPORT <br />t _ DEPARTMENT OF PUBLIC WORKS <br />LEASE <br />THIS LEASE nade and entered into this 27th day of Ocicber, 11998, cy and <br />bcrAeen Kittitas County, a municipal cor^rcraticn in the State of Wasnine:cr, rereiraau <br />re`erred to as the LESSOR, ano MIDST ATE AVIATION, INC., a Washington, <br />rrereiraftar referred to as the LESSEE. <br />WITNESSETH: <br />The Lessor hereby agrees to lease to the Lessee, and the Lessee hereby <br />agrees to lease from the Lessor, the real prooerty, described as follows: <br />See Exhibit "A" attached hereto. <br />Containing 95,396 square feet, more cr tess <br />Tnis -ease is made in accordance with; RCW 36 34. <br />TERM; The term of this lea=_e shall be for hvemy-five (25) years and vril ccmrarce <br />c,: the 1st day of Novembef, 1998, and terminate on the last day o' October, 2023, except <br />as provided hereunder. <br />RENT: Rent shell be paid in advance on a monthly bas's, With the 4irst caV^::e TT a -e <br />on dr before the 1st day of November cr each year beginning with Noverbe, I '998, <br />continui:^g thereafter until ten- ^aeon cf !his :ease. The rental `or each yezr sn it I= a= <br />ot.cws: <br />1110119E — 10/31104 <br />Land lease rate - 95,396 sq feet t@ 6 cents pr sq P <br />S 5.724 per yew- <br />11101 /98 — 101,31104 <br />Main hangar' building lease rate ^ 52.00 per sc F: <br />$40.GCC per yr:a <br />11!01/98 —10/311144. (6,534 sq 4tl <br />1 and lease for Moe buildino site @ 5 cent pr sq ft <br />= 5 592 per y:: -r <br />INVESTMENT CREDIT (20 YEARS) <br />111/01l9E-1CB 11199 <br />= �S 10. G'GY?j <br />11101199 - 110131100 <br />= (S to CCO:. <br />11/01/00-101311101 <br />11Q i/Ot- 10;31iiE <br />_ ;5 7,SGGje!v;;'a: <br />hNpSTATE AVIATION LEASE <br />rage 10 of, <br />Act <br />