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KITTITAS COUNTY AIRPORT <br />DEPARTMENT OF PUBLIC WORKS <br />ADDENDUM TO LEASE <br />THIS ADDENDUM TO LEASE is made and dated this ..2:!0-day of At~l.rl <br />2016, by and between KITTITAS COUNTY, a municipal corporation in the State of Washington, <br />hereinafter referred to as the LESSOR, and DAVID RATCLIFF, and hereinafter referred to as the <br />LESSEE. <br />WIT N E SSE T H: <br />WHEREAS, LESSOR and LESSEE entered into a Lease on August 13, 1996, a copy of <br />which is attached hereto and by this reference incorporated herein; and <br />WHEREAS, according to Paragraph 3 "Adjustment of Rental", it states "After the fifth year, <br />the Lessor shall have the right to increase rental rates as outlined above. After the tenth year, the <br />Lessor shall have the right to increase rental rates, provided that the annual rate shall not increase <br />to more than 5% of the previous year's annual rental rate, effective at the beginning of the tenth, <br />fifteenth and twentieth years of this lease. <br />NOW, THEREFORE, IT IS HEREBY AGREED by and between the parties to a change in <br />rental rates and contract terms as follows: <br />1) "Paragraph #2 -Rent" -Rental Rates for 8/01/2016 thru 7/31/2021 Term. <br />8/01/16 -7/31/21 Previous Rental Rate Rental Rate <br />Term [1.066 eer 5g. Ft} {I.069 eer 5g. Fq <br />Not Including <br />Leasehold Tax* <br />$453.32 <br />8/01/16 -7/31/17 $475 .99' <br />8/01/17 -7/31/18 $475.99 <br />8/01/18 -7/31/19 ~4.75 .99 <br />8/01/19 -7/31/20 $475 .99 <br />8/01/20 -7/31/21 $475 .99 <br />8/01/21 Reneaotiate Reneaotiate <br />All other terms and conditions of the aforementioned lease shall remain the same. <br />RATCLIFF LEASE PAGE 1