Laserfiche WebLink
KITTITAS C 4TY AIRPORT <br />DEPARTMENT OF PUBLIC WORKS <br />ADDENDUM TO LEASE <br />THIS ADDENDUM TO LEASE is made and dated this OdayofaLOALII, <br />2015, by and between Kittitas County, a municipal corporation in the State of Washington, <br />hereinafter referred to as the LESSOR, and CARRERA HANGARS BOWERS FIELD LP, a <br />limited partnership formed in the State of Washington, and hereinafter referred to as the <br />LESSEE. <br />WITNESSETH: <br />WHEREAS, LESSOR and LESSEE entered into a Lease on June 1, 2010, a copy of <br />which is attached hereto and by this reference incorporated herein; and <br />WHEREAS, according to Paragraph 4 "Adjustment of Rental", it states " the rental rate <br />shall be re -adjusted and fixed by the Board of County Commissioners every five years as required <br />in RCW 36.34.180"; <br />WHEREAS, it has been agreed between LESSOR and LESSEE that the following CPI <br />Index will be used for future rental increases. <br />"CPI — All Cities -All Items Size Class D Under 50,000" <br />NOW, THEREFORE, IT IS HEREBY AGREED by and between the parties to a change in <br />rental rates and contract terms as follows: <br />1) "Paragraph #2 — Rent" — Rental Rates for 06/01/2015 thru 05/31/2020 Term. <br />06/01/15-05/31/20 <br />Term <br />Previous RatePer Year <br />Rental Rate ($.123 per Sq. Ft) Not <br />Including Leasehold Tax* <br />3 240.86 <br />06/01/15-05/31/16 <br />3 321.89 <br />06/01/16-05/31/17 <br />3 321.89 <br />06/01/17-05/31/18 <br />3$ 321.89 <br />06/01 /18-05/31 /19 <br />$3, 321.89 <br />06/01/19-05/31/20 <br />3$ 3289 <br />06/01/20 <br />Renegotiate <br />Renegotiate <br />`The current Leasehold Excise Tax Rate is 12.84%, as determined by the State of Washington and is subject to <br />change. <br />CARRERA HANGARS BOWERS FIELD LP LEASE AMENDMENT PAGE 9 <br />