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KITTITAS COUNTY AIRPORT <br />DEPARTMENT OF PUBLIC WORKS <br />ADDENDUM TO LEASE <br />THIS ADDENDUM TO LEASE is made and dated this day of /½*LL , <br />2016,by and between KITTITAS COUNTY,a municipal corporation in the State of Washington, <br />hereinafter referred to as the LESSOR,and STEPHEN T.MOORE,and hereinafter referred to as <br />the LESSEE. <br />WITNESSETH: <br />WHEREAS,LESSOR and LESSEE entered into a Assignment of Lease (prior lessee- <br />Paul MacMichael)on March 6,2012,a copy of which is attached hereto and by this reference <br />incorporated herein,and <br />WHEREAS,according to Paragraph 3 "Adjustment of RentaP,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 8/01/2016 thru 7/31/2021 Term. <br />8/01/16 -7/31/21 Previous Rental Rate Rental Rate <br />Term ($.066 per Sq.Ft)($.069 per Sg.Ft.) <br />Not Includinq <br />Leasehold Tax* <br />$453.32 <br />8/01/16 -7/31/17 $475.99 <br />8/01/17 -7/31/18 $475.99 <br />8/01/18 -7/31/19 $475.99 <br />8/01/19 -7/31/20 $475.99 <br />8/01/20 -7/31/21 $475.99 <br />8/01/21 Renegotiate Renegotiate <br />AII other terms and conditions of the aforementioned lease shall remain the same.