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Lease Addendum
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02. February
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2025-02-18 10:00 AM - Commissioners' Agenda
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Lease Addendum
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Last modified
2/20/2025 1:44:16 PM
Creation date
2/20/2025 1:44:08 PM
Metadata
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Template:
Meeting
Date
2/18/2025
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Fully Executed Version
Supplemental fields
Item
Request to Approve an Amendment to a Lease with Emory LLC for Airport Property within the Industrial Area at Bowers Field
Order
12
Placement
Consent Agenda
Row ID
127511
Type
Resolution
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f.r,Hile[: . ]l KITTITAS r"\UNTY AIRPORT <br />ffi DEPARnL. i oF PUBLTc woRKS f <br />AMENDMENT TO LEASE <br />THIS AMENDMENT TO LEASE is made and dated tnis taaV ot <br />2018, by and between KITTITAS COUNTY, a municipal corporation in the <br />State of Washington, hereinafter referred to as the LESSOR, and EMORY L.L.G., and <br />hereinafter referred to as the LESSEE. <br />WITNESSETH: <br />WHEREAS, LESSOR and LESSEE entered into a Lease on September 1, 2008, a copy of <br />which is attached hereto and by this reference incorporated herein; and <br />WHEREAS, according to Paragraph 3 "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 - Alt Gities-All ltems Size Glass 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 9/01/18 thru8l31l23Term <br />Lot G-3 rate - 1.28 Acres - 55,756.80 sq. feet <br />Term <br />Previous Rate <br />Per Year ($.064 per <br />Sq Ft) <br />Rental Rate <br />($.Oes Per Sq Ft) <br />$ 3.567.48 <br />09t01118 - 08131119 $3,614.82 <br />09t01t19 - 08t31120 $3,614.82 <br />09101120 - 08131121 $3.614.82 <br />09t01t21 - 08131122 $3,614.82 <br />o9to1t22 - 08131123 $3,614.82 <br />09t01123 Renegotiate <br />finory 1.l"..1) <br />i..<;:lie Aciri*rt*ilrrr irA$il'i
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