C-24 - Miller Refrigeration Lease Agreement - Expr 9-30-2023

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KITTITAS COUNTY AIRPORT KITTITAS COUNTY AIRPORT DEPARTMENT OF PUBLIC WORKs LE A SE THIS LEASE made and dated this 1st day of October,2008,is by and between theCOUNTYOfKITTITAS,Washington,the Lessor hereinafter referred to as the "County",andLEROYMILLERDIBIAMILLERREFRIGERATIONtheLessee,hereinafter referred to as the"Lessee". The County herewith agrees to let unto Lessee and Lessee herewith agrees to leasefromtheCountythefollowingdescribedrealproperty,situated in Kittitas County,Washington,to-wit: Lot C-24 of the Kittitas County Airport Binding Site PlanTotalAcres- .27 I Approximately11,900 Sq.Ft. This lease is made in accordance with the provisions of Chapter 36.34RCW.This leaseissubjecttotheprovisionsofChapter59.12 RCW as currently existing or hereafter amended. 1)TERM-The term of this lease shall be for ten (10)years and will commenceonthe1stdayofOctober,2008,and shall terminate on the last day ofSeptember,2018. 2)-Rent shall be paid in advance for each year at a rate determined by the Lessor,plus leasehold tax,and fire protection and shall be as follows: Rental RateTerm Leasehold Tax Total Per Year ($.065/Sq.ft.) 10/01/08 -9/30/09 $773.50 $99.32 $872.8210/01/09 -9/30/10 $773.50 $99.32 $872.8210/01/10 -9/30/11 $773.50 $99.32 5 872.8210/01/11 -9/30/12 $773.50 $99.32 $872.82¯¯10/01/12 -9/30/13 $773.50 $99.32 $872.829/30/13 Renegotiate Renegotiate Renegotiate 3)RENTAL RATE ADJUSTMENT:Pursuant to RCW 36.34.180 the rental for every fiveyearperiodthereafter,or part thereof,at the commencement of such period,shall bereadjustedandfixedbytheBoardofCountyCommissioners; (a)After the fifth year,the Lessor shall have the right to readjust the rent on orbeforeOctober1"of the fifth year of this lease for each following five yearperiod;and the increase shall BE THE CUMULATIVE EFFECT OF THE CPlINDEXOVERTHEPREVIOUSFIVEYEARS.It is agreed between LESSOR LAND LEASE -INDUSTRIAL AREA PAGE 1