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LOT C-7 Rate - 1.86 Acres (81,021.60 square feet) <br />TERM <br />Previous Rate Per Year <br />($.063 per Sq. Ft.) <br />Current Rental Rate ($.07 <br />per Sq. Ft.) <br />Not including Leasehold Tax* <br />08/01/2022 - 07/31/2023 <br />$5,104.36 <br />08/01/2023 - 07/31/2024 <br />$5,104.36 <br />08/01/2024 - 07/31/2025 <br />$5,671.51 <br />08/01/2025 - 07/31/2026 <br />$5,671.51 <br />08/01/2026 - 07/31/2027 <br />$5,671.51 <br />08/01/2027 <br />Renegotiate <br />*The current Leasehold Excise Taxis 12.84% as determined by the State of Washington and is subject to change. <br />2) "Paragraph #3 - Rental Rate Adjustment" -- will read as follows: <br />On or before August 11 of the fifth year, the yearly Lease rate shall be increased by ten <br />percent (10%) every five years as a set Lease increase and continue with said increase every five <br />years through the Lease term. <br />All other terms and conditions of the lease shall remain the same. <br />IN WITNESS WHEREOF, the Lessor and Lessee have signed their names and affixed <br />their seals the day and year first above written. <br />LESSOR: <br />BOARD OF COUNTY COMMISSIONERS <br />KITTITAS COUNTY, WASHINGTON <br />Brett Wachsmith, Chairman <br />Attest: <br />❑ Clerk of the Board- Julie Kjorsvik <br />Laura Osiadacz, Vice -Chairman <br />Lease Addendum (1) - Valley Fence, Inc. <br />