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KITTITAS COUNTY AIRPORT-BOWERS FIELD <br />Lease Addendum <br />THIS ADDENDIIM TO LEASE is made and dated this JE"h.day of, <br />between KITTITAS COt lTY, a municipal corporation in the State of Washington, <br />to as the LESSOR, and EMORY LLC, and hereinafter referred to as the LESSEE. <br />2025,by and <br />referred <br />WITNESSETH <br />WIIEREAS LESSOR and LESSEE entered into a Lease on September 1,2008, a copy of which <br />is attached hereto and by this reference incorporated herein; and <br />WHEREAS, according to Paragraph 3 "Rental Rate Adjustment", it states "the rental rate shall <br />be re-adjusted per the CPI index every five years as required in RCW 36.34.180". <br />WHEREAS, per Paragraph 3 "Rental Rate Adjustment", the rental rate was not re-adjusted and <br />fixed per the required timeline due to staff oversight; and <br />WHEREAS, upon researching the CPI index it was discovered that the CPI identified for re- <br />adjustment (Size Class D under 50,000) was discontinued by the U.S. Bureau of Labor Statistics in 2018; <br />and <br />WHEREAS, for continuity with current lease rate adjustment procedures, the yearly Lease rate <br />shall be increased by ten percent (10%) every five (5) years as a set Lease rate increase through the Lease <br />term;and <br />WHEREAS, this Lease Addendum hereby satisfies the Paragraph 3 "Rental Rate Adjustment" <br />clause per the lease terms. <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 0910112025 thru 0813112030 Term - will read as <br />follows for: <br />LOT C-3 Rate - 1.28 Acres (55.756.80 square feet) <br />TERM Previous Rate Per Year ($.065 <br />per Sq. Ft.) <br />Current Rental Rate <br />($.072 per Sq. Ft.) <br />Not including Leasehold Tax* <br />$3,614.82 <br />09 I 0r I 202s - 08 t3t t2026 $4,014.49 <br />09 I 0t /2026 - 08t 3t t2027 $4,014.49 <br />Lease Addendum (3) - Emory LLC