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BOWERS FIELD <br />KITTITAS COUNTY AIRPORT <br />AIRPORT INDUSTRIAL PARK GROUND LEASE <br />THIS AIRPORT INDUSTRIAL PARK GROUND LEASE ("LEASE') is made and <br />entered into as of the 1st day of March, 2022, by and between KITTITAS COUNW, a <br />Washington municipal corporation ("LESSOR") and _Ray Rhodes - U-Haul, a Washington <br />corporation ("LESSEE"). <br />FUNDAMENTAL LEASE TERMS <br />For convenience this summary provides fundamental economic and business terms of the <br />following lease. lf these fundamental terms conflict with the balance of the Lease, the lafter <br />shall control. <br />Effective Date March 1,2022 <br />Lessor:Kittitas County <br />Bowers Field - Kittitas Gounty Airport <br />3110 N. Airport Rd. Ste #1 <br />Ellensburg, WA 98926 <br />Lessee Ray Rhodes <br />U-Haul <br />Western I nvestm ent Network <br />505 N. Pearl St <br />Ellensburg, Wa 98926 <br />Lease Lot # <br />Total Leased Area <br />Lease Term <br />Lease Rate <br />Deposit: <br />c-32 <br />1.11 Acres I 48,351.6 sq.ft. <br />One Year with Option to renew for 20 years <br />$.14 per sq. ft. per year = $6769.22 <br />$6,7 69.22, per section 3.2 <br />For and in consideration of the rents reserved hereunder and the terms and conditions <br />hereof, the LESSOR hereby rents, demises and leases to LESSEE, and LESSEE takes and <br />leases from LESSOR, the following described Premises all upon the following terms and <br />conditions: <br />LESSEE INITIA LESSOR IN <br />PAGE 1