Lease Addendum (3) - Laserfiche WebLink

Home Browse Search

KITTITAS COUNTY 3) 4) 5) 6) f AIRPORT RENTAL RATE ADJUSTMENT: Pursuant to RCW 36.34.180 the rentalfor every five year period thereafter, or part thereof, at the commencement of such period, shall be readjusted and flxed 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 f i of the fifth year 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. lt is agreed between LESSOR and LESSEE that the following CPI lndex will be used for future rental increases: "CPl - All Gities-All ltems Size Class D Under 50,000." (b) lf there is a mathematical dispute and the Lessee does not agree that the CPI index, above listed, yields the rental rates for one of the subsequent five year terms, the Lessee may request arbitration. lf the Lessee elects to arbitrate, the Lessee shall select one arbitrator and the Lessor shall select one arbitrator and the two so chosen shall select a third arbitrator. The arbitrators shall have the authority to calculate the rental rate for the next five years based upon the above-listed CPI index, and both parties shall be bound by the decision of the arbitrators. The cost of arbitration shall be borne by the Lessee. LEASEHOLD TAX: Unless exempt from the requirement to pay leasehold taxes, the Lessee shall pay to the County, the leasehold tax as set forth by the State of Washington, in Chapter 61, Laws of ig76, Second Executive Session (RCW 82.29A) or as amended. The tax shall be due and payable at the same time the rental charged herein is due and payable. FIRE PROTECTION ASSESSMENT: ln addition to any rental herein provided, the Lessee shall pay afee which thall be in lieu of taxes for fire protection services. The annual rate shall be based upon the annual fire assessrnent determined by the Kittitas County Assessor and Kittitas Valley Fire & Rescue to be calculated on January 1't of the current year. The assessment shall be due and payable concurrently with the annual lease payment' MAINTENANCE: The Lessee covenants, promises, and agrees that it will perform all routine maintenance on said premises hereby demised so as to keep the same in as good as condition as the same now exists. Damage by fire, acts of God and reasonable wear, tear, and usage are excepted. The Lessee further agrees that it will not commit waste, and that it will keep said premises and grounds, including those owned by the Lessee in a safe, sanitary and orderly condition and in general shall comply with all the applicable governmental rules, LAND LEA$E - INDUSTRIAL AREA PAGE ?