2016-06-21 10:00 AM - Commissioners' Agenda
6/13/2018 11:43:49 AM
6/13/2018 11:42:59 AM
205 West 5th Room 109 - Ellensburg
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Request to Approve and Sign an Addendum to Lease for an Existing Lease with Teresa Ann Sloan and James M. Foode at the Bowers Field Airport
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KITTITAS COUNTY AIRPORT <br />DEPARTMENT OF PUBLIC WORKS <br />ADDENDUM TO LEASE <br />THIS ADDENDUM TO LE AS E is made and dat ed this 2./ ~day o f JU .. /t--L-v <br />2016, by and between KITTITAS COUNTY, a municipal corporation in the State of Washington, <br />hereinafter referred to as the LESSOR, and TERESA ANN SLOAN AND JAMES M. FOODE, <br />and hereinafter referred to as the LESSEE. <br />WIT N E SSE T H: <br />WHEREAS, LESSOR and LESSEE entered into a Assignment of Lease (prior lessee- <br />Jack Dugan) on January 5, 2010 a copy of which is attached hereto and by this reference <br />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 6/01/2016 thru 5/31/2021 Term. <br />6/01/16 -5/31/21 Previous Rental Rate Rental Rate <br />Term (i.066 ~er Sg. Ft} (i .069 ~er Sg . Ft.} <br />Not Including <br />Leasehold Tax" <br />$453.32 <br />6/01/16 -5/31/17 $475.99 <br />6/01/17 -5/31/18 $475.99 <br />6/01/18 -5/31/19 $475 .99 <br />6/01/19 -5/31/20 $475 .99 <br />6/01/20 -5/31/21 $475 .99 <br />6/01/21 Reneaotiate Reneaotiate <br />All other terms and conditions of the aforementioned lease shall remain the same. <br />FOO D E-S LOAN LEAS E PAGE 1
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