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3 KY{ T {{ /a& t:ti1,}Y:4T Y lal{{F{}l},7 ADJUSTMENT OF RENTAL: The rental for every five year period thereafter, or part thereof, at the commencement of such period, shall be readjusted and fixed by the Board of County Commissioners; (a) After the fifth year, the Lessor shall have the right to readjust the rent on or before September 1't of the fifth, tenth, fifteenth, twentieth, twenty-fifth, thirtieth, thirty-fifth, fortieth, forty-fifth, and fiftieth 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 - Atl Cities-All ltems Size Glass D Under 50,000." LEASEH OLD TAX: ln addition to a ny rental herein provided, the Lessee shall pay to the Lessor the leasehold tax as set forth by the State of Was hington in Chapter 61, Laws of 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. 5 FIRE PROTEC TION ASSESSMENT ln addition to a ny rental herein provided, the Lessee shall pay a fee which shall be in lieu of taxes for fire protection servlces. The annua I rate shall be based upon the annual fire assessment determined by the Kittitas County Assessor and Kittitas Valley Fire & Rescue to be calculated on January 1tt of the current year. The assessment shall be pro- rated monthly, due and PaYabl e concurrently with the monthly lease payment. 6 UTILITI FS:The Lessee shall pay for extension of and all utility services supplied to the premises Lessor. Any such extensions shall be subject to the advance review of the PURPOSE: lt is understood by Lessee that this lease is not for commercial prrrposes and that the lease rate is for a ground lease for a private Aircraft Hangar The Lessee shall utilize the premises primarily for an aircraft hangar for non- 4 7 commercial aircraft storage and maintenance at least seven (7) months out of each calendar yssp. The land and any improvements are for non-commercial uses onlYi Lessee shall not conduct any type of commercial activity from said Premises, w''tl-'ogt 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 are specifically for the private hangar.