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KI'ITITA$ COUNTY AIRPORT <br />KITTITAS COUNTY AIRPORT <br />DEPARTMENT OF PUBLIC WORKS LEASE <br />2) <br />THIS LEASE made and dated this 1't day of September , 2015, is by and between the <br />COUNTY OF KITTITAS, Washington, the Lessor hereinafter referred to as the "Gounty", and <br />PREGISION AG REPAIR the Lessee, hereinafter referred to as the "Lessee"' <br />The County herewith agrees to let unto Lessee and Lessee herewith agrees to lease <br />from the County the following described real property, situated in Kittitas County, Washington, <br />to-wit: <br />LOT C.31 OF THE KITTITAS GOUNTY AIRPORT BINDING SITE PLAN <br />1.09 ACRES - 47,480.40 SQ. FT. <br />This lease is made in accordance with the provisions of Chapter 36.34RCW. This lease <br />is subject to the provisions of Chapter 59.12 RCW as currently existing or hereafter amended. <br />1)TERM: <br />The term of this lease shall be for twenty-five (25) years and will commence on the 1st <br />day of September,2015, and shall terminate on the last day of September,2O4O- <br />RENT: <br />Rent shall be paid in advance for each year at a rate determined by the Lessor, plus <br />leasehold tax, and fire protection. Lessee may pay half the rent every six months on <br />September 1 and March 1, and shall be as follows: <br />09101 1201 5 - 08131 12020 T erm Annual Rental Rate <br />($.Oez Per Sq. Ft) <br />Not lncluding Leasehold Tax* <br />09101115 - 08/31/16 $3,1 81 .1 9 <br />09t01116 - 08131117 $g 1 81 .19 <br />09101t17 - 08131118 181 .19 <br />09t01118 - 08/31/19 $3,1 81 .1 I <br />09t01119 - 08t31120 $3;181.19 <br />09101t20 <br />*The current Leasehotd Excise Tax Rate is 12.84%, as determined by the Sfafe of Washington and is subject <br />to change. <br />LAND LEASE . INDUSTRIAL AREA PAGE 1