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KI TTIT AS COUNTY <br />KITTITAS COUNTY AIRPORT <br />DEPARTMENT OF PUBLIC WORKS <br />AIRPORT <br />LEASE <br />THIS LEASE made and dated this tl-~~ay of y{)~ ,2017 , is ~y and <br />between the COUNTY OF KITIITAS , WaSRii1Qton , the Lessorerelnafter referred to as the <br />"County", and KITTITAS COUNTY DEPARTMENT OF PUBLIC WORKS EQUIPMENT <br />RENTAL AND REVOLVING FUND the Lessee, hereinafter referred to as the "Lessee". <br />The County herewith agrees to let unto Lessee and Lessee herewith agrees to lease <br />from the County the following described real property , situated in Kittitas County, Washington, <br />to-wit: <br />LOTS C-5 AND C-6 OF THE KITTITAS COUNTY AIRPORT BINDING SITE PLAN <br />EACH LOT IS 1.28 ACRES OR 55756.8 SQ. FT. <br />This lease is made in accordance with the provisions of Chapter 36.34RCW. This lease <br />is subject to the provisions of Chapter 59.12 RCW as currently existing or hereafter amended . <br />1) TERM: <br />The term of this lease shall be for ten (10) years and will commence on the 1 st day of <br />April, 2017, and shall terminate on the last day of March, 2027. <br />2) RENT: <br />Rent shall be paid in advance for each year at a rate determined by the Lessor and shall <br />be as follows: <br />LOT C-5: <br />04/01/2017 -03/31/2022 Term Annual Rental Rate <br />($.063 per Sq. Ft) <br />04/01/17 -03/31/18 $3,512.68 <br />04/01/18 -03/31/19 $3,512.68 <br />04/01/19 -03/31/20 $3,512.68 <br />04/01/20 -03/31/21 $3,512.68 <br />04/01/21 -03/31/22 $3,512.68 <br />04/01/22 Renegotiate <br />LAND LEASE -INDUSTRIAL AREA PAGE 1