Lease Addendum (2) - Laserfiche WebLink

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{- AIRPORTKITTITAS COUNTY 4 twenty-fifth years of this lease for each following five year period; and the increase shall BE THE CUMULATIVE EFFECT OF THE CPI INDEX OVER THE PREVIOUS FIVE YEARS. The rent increase is at the sole discretion of the Lessor, and Lessor may elect to maintain the rent at the previous rate. lt is agreed between LESSOR and LESSEE that the following CPI lndex will be used for future rental increases: "CPl - All Cities-All ltems Size Glass D Under 50,000." (b) lt is understood by Lessee that this lease is not for commercial purposes and that the lease rate is for a ground lease for a private Aircraft Hangar. LEASEHOLD TAX: ln addition to any rental herein provided, the Lessee shall pay to the Lessor the leasehold tax as set forth by the State of Washington in Chapter 61, Laws ol 1976, Second Executive Session (R.C.W. 82.29A) or as amended. The tax shall be due and payable at the same time the rental charged herein is due and payable. FIRE PROTECTION ASSESSMENT ln addition to any rental herein provided, the Lessee shall pay afee which shallbe in lieu of taxes forfire protection seryices. The annual rate shall be based upon the annualfire assessment determined by the Kittitas County Assessor and Kittitas Valley Fire & Rescue to be calculated on January lstof the current year. The assessment shall be pro- rated monthly, due and payable concurrently with the monthly lease payment. UTILITIES: The Lessee shall pay for extension of and all utility services supplied to the premises. Any such extensions shall be subject to the advance review of the Lessor. PURPOSE: lt is understood by Lessee that this lease is not for commercial purposes and that the lease rate is for a ground lease for a private Aircraft Hangar. The Lessee shall utilize the premises primarily foran aircraft hangarfor non- commercial aircraft storage and maintenance at least seven (7) months out of each calendar year. The land and anv improvements are for non-commercial uses only. Lessee shall not conduct any tvpe of commercial activitv from said oremises, without first obtaining the prior written approval of the Department of Public Works. No planes shall be allowed to be tied-down on the apron area of the leased premises. The leased premises is specifically for the private hangar. RULES AND REGULATIONS: The Lessee agrees to comply with all pertinent rules and regulations of the federal, state and local govemments, as well as the rules, regulations, ordinances, and minimum standards of the Kittitas County Airport (Bowers Field), as are presently in effect and may in the future be adopted. The rules, regulations, ordinances and minimum standards of the Kittitas County Airport 5. 6 7 8. PAGE 2