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KITTITAS COUNTY <br />AIRPORT <br />~ KITTITAS COUNTY AIRPORT <br />DEPARTMENT OF PUBLIC WORKS L E A S E <br />THIS LEASE made and dated this 6th day of October, 1998, is by and between the <br />COUNTY OF KITTITAS, Washington, the Lessor hereinafter referred to as the "County", and <br />CONSOLIDATED COMMUNICATIONS AGENCY FOR KITTITAS COUNTY "KITTCOM", the <br />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 />A PORTION OF BLOCK 1200: <br />64,904.4 sq feet (see Exhibit "A" attached hereto) <br />This lease is made in accordance with the provisions of RCW 36.34. <br />TERM. The term of this lease shall be for thirty-five (35) years and will commence on <br />the 1 st day of March, 1999, and shall terminate on the last day of February, 2034. <br />RENT. Rent shall be paid in advance for each year and shall be as follows: plus <br />leasehold•tax and fire protection. <br />March 1, <br />1999 - February 28, 2000 <br />$1,947.13 <br />March 1, <br />2000 - February 28, 2001 <br />$1,947.13 <br />March 1, <br />2001 - February 28, 2002 <br />$3,894.26 <br />March 1, <br />2002 - February 28, 2003 <br />$3,894.26 <br />March 1, <br />2003 - February 28, 2004 <br />$3,894.26 <br />RENTAL RATE ADJUSTMENT: The rental rate adjustment beginning March 1, 2001, to 6 <br />cents per square foot is contingent upon water and sewer utilities to the airport industrial park. <br />The rental rate shall only be increased from 3 cents per square foot to 6 cents per square foot upon <br />completion of the water and sewer utilities to the airport industrial park. <br />Beginning with the year March 1, 2004, the rental rate shall be re -adjusted and fixed by the <br />Board of County Commissioners every five years as required in RCW 36.34.180. In the event that <br />the lessee and the Board cannot agree upon the rentals for said five year period, the lessee <br />shall submit to have the disputed rentals for the subsequent period adjusted by arbitration. <br />The lessee shall pick one arbitrator and the board one, and the two so chosen shall select a <br />third. <br />LAND LEASE - INDUSTRIAL AREA PAGE 1 <br />