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{KITTITAS C ,.ITY AIRPORT <br />DEPARTMENT OF PPBI-IC WORKS <br />ADDENDUM TO LEASE <br />THIS ADDENDUM TO LEASE is made and dated tnis -{aay ol frvo,ttuW,U <br />ZOIS, by and between Kittitas Gounty, a municipal corporation in the State of Washington, <br />hereinafter referred to as the LESSOR, and GARRERA 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 />lndex will be used for future rental increases. <br />"CPl - All Gities-All ltems Size Class D Under 50,000" <br />NOW, THEREFORE, lT lS 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 061O112015 thru 0513112020 Term <br />*The current Leasehold Excise Tax Rate is 12.84%, as determined by the State of Washington and is subject to <br />change. <br />o6t01n5-05131120 <br />Term <br />Previous RatePer Year Rental Rate ($.123 per Sq. Ft) Not <br />lncludinq Leasehold laxl <br />$3.240.86 <br />06te111545t31.16 $3,321.89 <br />06/01/16-05131117 $3,321.89 <br />06t01t114531118 $3321=89 <br />06/01/18-05131119 $3,321.89 <br />$3,321-89 <br />06101120 Reneqotiate Reneqotiate <br />CARRERA HANGARS BOWERS FIELD LP LEASE AMENDMENT PAGE 1