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KITTITAS COUNTY <br />DEPARTMENT OF PUBLIC WORKS <br />AGENDA STAFF REPORT <br />AGENDA DATE: January 21, 2025 <br />ACTION REQUESTED: Request to Approve & Sign an Amendment to Lease with <br />Carrera Hangars Bowers Field, LP for Lot H-20A within <br />the Aeronautical Area of Bowers Field. <br />BACKGROUND: On June 10, 2010, Carrera Hangars Bowers Field, LP <br />entered into a lease for County land located at Bowers <br />Field within the Aeronautical Area. Carrera Hangars <br />Bowers Field, LP utilizes the property for a privately <br />owned t-hangar and subleases these to tenants on <br />approximately 0.62 acres of aeronautical area property. <br />INTERACTION: <br />Per RCW 36.34.180 the county is required to renegotiate <br />these long-term leases every 5 years. As of May of 2020, <br />this lease was up for renegotiation and was not completed. <br />According to Paragraph #4 of the lease "Adjustment of <br />Rental" the County has the right to increase rental rates in <br />accordance with the CPI Index "All Cities -All Items Size <br />Class D Under 50,000". In 2018, this CPI Rate was <br />discontinued by the U.S. Bureau of LaborStatistics and <br />upon discussion with the Prosecuting Attorney's Office a <br />standard rate of eight percent (8%) was approved for rental <br />rate adjustments going forward for the Aeronautical Area. <br />The current lease amount is $0.123 per square foot for said <br />lot, increasing to $0.13 per square foot. <br />Public Works <br />RECOMMENDATION: Move to Approve Board signature on an Amendment to <br />Lease with Carrera Hangars Bowers Field, LP for Lot H- <br />20A within the Aeronautical Area of Bowers Field. <br />HANDLING: <br />ATTACHMENTS: <br />LEAD STAFF: <br />Return 1 original to Public Works <br />Lease Amendment; Original Lease <br />Josh Fredrickson <br />Public Works Director <br />