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KITTTTAS COUNTY AIRPORT <br />THIS LEASE made and dated this 6th day of October, 1998, is by and between the <br />COUN11 OF KITTITAS, Washington, the Lessor hereinafter refened to as the "County", and <br />CONSOLIDATED COMMUNICATIONS AGENCY FOR KITTITAS COUNTY "KITTCOM", thc <br />Lessee, hereinafter refened 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 12OO: <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 thirly-five (35) years and will commence on <br />the 1st 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 />KITTITAS COUNWAIRPORT <br />DEPARTMENT OF PUBLIC WORKS <br />March 1, 1999 - February 28, 2000 <br />March 1,2OO0 - February 28,2001 <br />March 1,2001- February 28,2042 <br />March 1,2002 - February 28,2003 <br />March 1,2A03 - February 28,2004 <br />LEASE <br />$1,947.13 <br />$1,947.13 <br />$3,894.26 <br />$3,894.26 <br />$3,994,26 <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 cenis per square foot upon <br />cornptetion of the water and sewer utilities to the airport industial park. <br />Beginning with the year March 1,200y',, the rental rate shall be re-adjusted and fxed by the <br />Board of County Commissioners every five years as required in RCW 36.34.180. ln 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 LE.A,SE .INDUSTRIAL AREA PAGE 1