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LESSEE__________ 1 LESSOR__________ <br /> <br />KITTITAS COUNTY REGIONAL AIRPORT-BOWERS FIELD <br />HANGAR GROUND LEASE <br /> <br /> <br />This Airport Hangar Ground Lease (hereinafter “LEASE”) is made and entered into as of the 1st <br />day of November 2022, by and between KITTITAS COUNTY, a Washington Municipal <br />Corporation (hereinafter “LESSOR”) and Ron and Sonja Mitchell (hereinafter “LESSEE”). <br />WITNESSETH: <br />WHEREAS, LESSOR owns the Kittitas County Regional Airport-Bowers Field (ELN) (hereinafter <br />“AIRPORT”) which is operated by the Airport Department, <br />WHEREAS, LESSOR has approved property available for lease as provided by this LEASE and <br />LESSEE desires to occupy and use such property in accordance with this LEASE, <br />NOW THEREFORE, in consideration of the mutual promises herein and the benefit to be derived <br />by each party, the parties agree as follows: <br />1. PREMISES: <br />LESSOR hereby leases to LESSEE and LESSEE hereby leases from LESSOR that portion <br />of the AIRPORT described in Exhibit A attached hereto and incorporated herein by this <br />reference. <br />(hereinafter “PREMISES”) for the purposes set forth in this LEASE. LESSEE agrees to <br />accept the PREMISES “As Is,” and LESSOR makes no warranty as to the condition of the <br />PREMISES or their suitability for any particular purpose. <br /> <br />2. TERM: <br />Term. <br />2.1 Effective Date and Initial Term. <br />The Lease shall be effective as of the Lease Date. The term of this Lease shall be for a period <br />of thirty (30) years commencing on the Lease Date as provided in Exhibit C, if attached, and <br />ending on October 31st, 2052, such period being the “Initial Term” or “Term” and including <br />any extensions as provided in Section 2.2. A “Lease Year” means the twelve calendar months <br />commencing with the month of the Lease Date or Commencement Date, as the case maybe, <br />each year of the Term. <br /> <br />2.2 Options to Extend. <br />Lessee shall have the option to extend this Lease for Two (2) additional period(s) of Ten (10) <br />years each if Lessee is not then in default of this Lease and delivers a written notice of the <br />exercise of the then current option to extend to Lessor at least ninety (90) days prior to the <br />expiration of the Initial Term or prior option period, as the case maybe. <br />