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KITTITAS COUNTY AIRPORT <br /> DEPARTMENT OF PUBLIC WORKS <br /> " LEASE <br /> THIS LEASE made and entered into this 1 St day of by and <br /> between Kittitas County, a municipal corporation in the State of Washington, hereinafter <br /> referred to as the LESSOR, and , hereinafter referred to as the <br /> LESSEE. <br /> WITNESSETH: <br /> The Lessor hereby agrees to lease to the Lessee, and the Lessee hereby agrees to <br /> lease from the Lessor, the following described real property (hereinafter the "Property"): <br /> See Exhibit "A" attached hereto, also described as: <br /> This lease is made in accordance with Chapter 2.81 KCC. This lease is subject to the <br /> provisions of Chapter 59.12 RCW as currently existing of hereafter amended. <br /> 1. TERM: KCC 2.81.070 limits lease terms to ten (10) years unless new construction <br /> is contemplated. If new construction is contemplated, the proposed building must <br /> be described in Attachment "A" as referenced in the section herein labeled <br /> "Improvements." The term of this lease shall be and will commence on the <br /> first day of <br /> 2. RENT: Rent shall be paid in advance on an annual basis, with the first payment <br /> due on or before the 1 st day of September each year and continuing thereafter until <br /> termination of this lease. The rental for each year shall be as follows: <br /> 09/01/17 — 08/31/22 Rental Rate <br /> Term ($.12 per Sq. Ft.) <br /> Not Including <br /> Leasehold Tax* <br /> 09/01/17 — 08/31/18 $784.08 <br /> 09/01/18 — 08/31/19 $784.08 <br /> 09/01/19 — 08/31/20 $784.08 <br /> 09/01/20 — 08/31/21 $784.08 <br /> 09/01/21 — 08/31/22 $784.08 <br /> 09/01/22 Renegotiate <br /> *The current Leasehold Excise Tax Rate is 12.84%, as determined by the State of Washington and is subject to change. <br /> PAGE 1 <br />