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EM—nBI i 2 <br />(Lease Addendum) <br />KIT! ITAS C—N I Y AIRPORT <br />DEPAATff ENTOF PUB_— WORKS <br />-- - ADDENDUM TO LEASE <br />THIS ADDENDUM TO LEASE is made and dated this i day of M,arrA, 2014, -y ane <br />between Kittitas County, a municipal corporation m the State of Aashin gton, nvetnaher referred <br />.o as the LESSOR, and MIDSTATE AVIATION INC., and hereinatcr re'er ea to as the LESSEE. <br />WITNESSETH: <br />WHEREAS, LESSOR and LESSEE entered into a Lease on October 27, '", , a copy of <br />which is attached herald and by itis reference incorporated herein, and <br />WHEREAS, according 10 Paragraph 3 "Adjustment of Rental% is states ` Attu tI,e fifth <br />year, the Lessor shall have the rght to ro adiust the rent or or before Novemhar !"'of the firth, <br />tenth, fifteenth and twentieth year of this lease"; <br />WHEREAS, it has been agreed between LESSOR and LESSEE that the f0towing CPI <br />li,dex will be used for future rental increases. <br />`CPI - All Cities -All Items Size Class D Under 50,000" <br />NOW, THEREFORE, IT IS HEREBY AGREED by acd between the page; to a charge n <br />rental rates and contract terms as'ollows' <br />1) "Paragraph #2- Rent" - Rental Rates for 11/01/13 thru 10/31/18 Term <br />Land lease rate - 95,396 sq feet <br />r 11)o1N3-'10131!1 a- <br />Previous Rate <br />Rental Rate - <br />Term <br />Per Year <br />(E 067 per Sq F,) <br />Net In wdng Pec hn d <br />56 200 7 <br />Tax— <br />$5.347 Oa <br />I 7110 1 x13-10131114 <br />I4 11i0l14- 0137! S <br />$6,347 CH <br />1110^115-1 x31116 <br />S G 347 08 <br />-- <br />,I <br />S6,34708 <br />'— 01/17-10f31118 <br />11lC / d <br />R 0 1 so n ate <br />'t➢^ tII?enr Leasabnid Pxc/e'e Tex RJle is 1264%, ns Jslnrron:erf Oy Jn $Fara O A srvn9•an nnC rt'e0lecf ro c_ <br />Pa,=C^Sof ;; <br />