Laserfiche WebLink
KITTETAS COUNTY AIRPORT <br />2. RENT: Rent shall be paid in advance on an annual basis, with the first payment due on or <br />before the 1st day of January of each year and continuing thereafter until termination of this <br />lease. The rental for each year shall be as follows: <br />Term <br />Rental Rate (Ground Lease) <br />(Annual Adjustment per <br />section 3) <br />Not Includin2 Leasehold Tax* <br />01/01/25 <br />01/01/26 <br />O1/01/27 <br />—12/31/25 <br />—12/31/26 <br />—12/31/27 <br />$ 13,948.20 <br />$ 14,157.42 <br />$ 14,369.78 <br />O1/01/28 <br />—12/31/28 <br />$ 14,585.33 <br />O1/01/29 <br />—12/31/29 <br />$ 14,804.11 <br />O1/01/30 <br />Renegotiate <br />*The current Leasehold Excise Tax Rate is 12.84%, as determined by the State of Washington and is subject to change. <br />Term <br />Rental Rate for Building(s) <br />($0.38 per Sq. Ft) <br />Not Including Leasehold <br />Tax* <br />O1/01/25—12/31/25 <br />$937.84 <br />O1/01/26—12/31/26 <br />$951.91 <br />O1/01/27—12/31/27 <br />$966.19 <br />O1/01/28—12/31/28 <br />$980.68 <br />O1/01/29—12/31/29 <br />$995.39 <br />O1/01/30 <br />Renegotiate <br />*The current Leasehold Excise Tax Rate is 12.84% as determined by the State of Washington and is subject to change. <br />A. January 1 2025 through December 31, 2029. <br />LESSEE promises and agrees to pay rent to LESSOR at the rate of (beginning with <br />$0.14 per square foot and adjusted as described in Section 3) per year for the leased <br />premises, monthly payment to be made on or before the 1 Oth day of each month in <br />which such payment is due. This is the "then current rate" per square foot of leased <br />property used for Business/Industrial Park as set by Bowers Field. Payments shall be <br />made to Kittitas County Department of Public Works. Any rental payment past due <br />shall accrue a delinquency charge of twelve percent (12%) per annum, levied <br />monthly. <br />B. For that area only used for storage, manufacturing, warehousing and/or other <br />business uses associated with pallet construction, reconstruction and distribution, <br />LESSEE promises and agrees to pay rent to LESSOR at the rate of ($0.38 per square <br />foot) per year for the leased premises, monthly payment to be made on or before the <br />10' day of each month in which such payment is due. The rate for this square footage <br />shall be in lieu of the rate established in Paragraph A above and is not additive for <br />PAGE 2 <br />