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KITTITAS COUNTY AIRPORT-BOWERS FIELD <br />Lease Addendum <br />THIS ADDENDUM To LEASE is made and dated tnis M day of,fX/.2024,by and <br />between KITTITAS COI-INTY, a municipal corporation in the State of Washington, hereinafter referred <br />to as the LESSOR, and CHRIS PRATZ, and hereinafter referred to as the LESSEE. <br />WITNESSETH: <br />WHEREAS LESSOR and LESSEE entered into a Lease on February 1,2012, a copy of which is <br />attached hereto and by this reference incorporated herein; and <br />WHEREAS, according to Paragraph 3 "Rental Rate Adjustment", it states "the rental rate shall <br />be re-adjusted per the CPI index every five years as required in RCW 36.34.180". <br />WHEREAS, per Paragraph 3 "Rental Rate Adjustment", the rental rate was not re-adjusted and <br />fixed per the required timeline due to staff oversight; and <br />WIIEREAS, upon researching the CPI index it was discovered that the CPI identified for re- <br />adjustment (Size Class D under 50,000) was discontinued by the U.S. Bureau of Labor Statistics in 2018; <br />and <br />WHEREAS, for continuity with current lease rate adjustment procedures, the yearly Lease rate <br />shall be increased by eight percent (8%) every five (5) years as a set Lease rate increase through the Lease <br />term; and <br />WHEREAS, this Lease Addendum hereby satisfies the Paragraph 3 "Rental Rate Adjustment" <br />clause per the lease terms. <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 />l) "Paragraph #2 - Rent" - Rental Rates for 0210112024 thra 0l/3112029 Term - will read as <br />follows for: <br />Lease Addendum (2) - Chris Pratz