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KITTITA: !LINTY AIRPORT <br />DEPARTMrNT OF PUBLIC WORKS <br />LEASE <br />THIS LEASE made and entered into this day of 2018, by and <br />between Kittitas County, a municipal corporation in the State of Washington, hereinafter <br />referred to as the LESSOR, and Kenneth H. Lindsey and Leslie H. Lindsey, husband <br />and wife, hereinafter referred to as the LESSEE. <br />WITNESSETH: <br />The Lessor hereby agrees to lease to the Lessee, and the Lessee hereby agrees to <br />lease from the Lessor, the following described real property (hereinafter the "Property"): <br />See Exhibit "A" attached hereto, also described as: <br />Lot H-36 of the Kittitas County Amended Binding Site Plan BS-10-00001, as <br />recorded June 28, 2010, in Book 11, pages 249-255, County of Kittitas, State of <br />Washington. <br />Containing 5,283.50 sq. ft. or .12 acres more or less. <br />This lease is made in accordance with Chapter 2.81 KCC. This lease is subject to the <br />provisions of Chapter 59.12 RCW as currently existing of hereafter amended. <br />TERM: The term of this lease shall be 25 years and will commence on the 1st day <br />of November, 2018. <br />2. RENT: Rent shall be paid in advance on an annual basis, with the first payment <br />due on or before the 1st day of November each year and continuing thereafter until <br />termination of this lease. The rental for each year shall be as follows: <br />11 /01 /18 —10/31 /23 <br />Rental Rate <br />($.12 per Sq. Ft.) <br />Not Including <br />Leasehold Tax* <br />Term <br />11 /01 /18 — 10/31/19 <br />JQ4.02 <br />11 /01 /19 — 10/31 /20 <br />$634.02 <br />11 /01 /20 — 10/31 /21 <br />$634.02 <br />11 /01 /21 — 10/31 /22 <br />$634.02 <br />11 /01 /22 — 10/31 /23 <br />$634.02 <br />11 /01 /23 <br />Renegotiate <br />*The current Leasehold Excise Tax Rate is 12.84%, as determined by the State of Washington and is subject to change. <br />PAGE I <br />Gµ..I <br />