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Lease Amend
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2018
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04. April
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2018-04-03 10:00 AM - Commissioners' Agenda
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Lease Amend
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Last modified
6/13/2018 12:35:05 PM
Creation date
6/13/2018 12:34:23 PM
Metadata
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Template:
Meeting
Date
4/3/2018
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Fully Executed Version
Supplemental fields
Alpha Order
j
Item
Request to Approve a Lease Addendum with Airport Safe Storage LLC for Airport Industrial Property
Order
10
Placement
Consent Agenda
Row ID
43585
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KITTITAS COUNTY AIRPORT <br />DEPARTMENT OF PUBLIC WORKS <br />AMENDMENT TO LEASE <br />THIS AMENDMENT TO LEASE is made and dated this 2r-{~ay of a r( I <br />2018, by and between Kittitas County, a municipal corporation in the State of Washington, <br />hereinafter referred to as the LESSOR, and AIRPORT SAFE STORAGE LLC, and hereinafter <br />referred to as the LESSEE. <br />WIT N E SSE T H: <br />WHEREAS, LESSOR and LESSEE entered into a Lease on April 1, 2008 , a copy of which <br />is attached hereto and by this reference incorporated herein; and <br />WHEREAS, according to Paragraph 3 "Adjustment of Rental ", it states " the rental rate <br />shall be re-adjusted and fixed by the Board of County Commissioners every five years as required <br />in RCW 36.34 .180"; <br />WHEREAS, it has been agreed between LESSOR and LESSEE that the following CPI <br />Index will be used for future rental increases . <br />"CPI -All Cities-All Items Size Class D Under 50,000" <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 4/01/18 thru 3/31/23 Term. <br />Lot C-34 rate -108,900 s9 feet <br />Previous Rate Rental Rate <br />Term Per Year ($.065 per ($.066 per Sq. Ft.) <br />Sq. Ft.) Not Including Leasehold <br />Tax* <br />04/01/18 -03/31/19 $ 7 ~078 .50 $7,166 .27 <br />04/01/19 -03/31/20 $7,166 .27 <br />04/01/20 -03/31/21 $ 7,166.27 <br />04/01/21 -03/31/22 $ 7,166 .27 <br />04/01/22 -03/31/23 $ 7,166.27 <br />04/01/23 Renegotiate <br />*The current Leasehold Excise Tax Rate is 12.84%, as determined by the State of Washington and is subject <br />to change . <br />I
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