HomeMy WebLinkAbout Port of Pasco Lease Adjustment for 1011 E AinsworthCONNECTING HERE WITH THERE
PPORTOOF
A
October 27, 2022
City of Pasco
Attn: Accounts Payable
PO Box 293
Pasco, WA 99301
Re: 1011 E. Ainsworth
Dear Tenant:
Port of Pasco Administrative Office
Phone: 509.547.3378
Fax: 509.547.2547
portofpasco@portofpasco.org
1110 Osprey Pointe Blvd.
Suite 201
P.O. Box 769
Pasco, Washington U.S.A.99301
Port Commissioners
Jean Ryckman
James T. Klindworth
Vicki Gordon
Executive Director
Randy Hayden
In accordance with your lease agreement, a rental adjustment based on the Consumer Price Index is
scheduled to commence on 1/1/23. Your monthly rental payment will be as follows:
Bldg: 16,833 sq ft
12.84 % Leasehold tax:
New Monthly Rate:
$7,008.17
0.00
7 008.17
As a courtesy, our accounting department invoices your company for rent, however, in the
event that you do not receive an invoice, or if the rental increase is specified in your lease but is
not included on an invoice, the lease rent is still due and payable on the 1st of the month as per
terms of the lease.
If you should have any questions, please do not hesitate to contact me by phone at
509-547-3378. We look forward to continuing a long and favorable working relationship.
Sincerely,
Donna Watts
Director of Finance / Auditor
cc: Lease File
Properties Department
www.portotpasco.org
City of Pasco - 1011 E. Ainsworth
Rent Adjustment
Current Rent: $6,094.06
Rent Adjustment Term: Every 3 Years
Consumer Price Index (CPI) used: Seattle Index
Calculation:
New Lease Rate
Current CPI: Aug, 2022
326.796
Starting CPI: Aug, 2019 divided by:
280.286
1.1659
minus:
1.0000
Equals percentage increase:
16.5938%
CPI Capped at 15%
15.0000%
Percentage increase multiplied by current rent:
$914.11
Plus current rent:
$6,094.06
New base rent:
$7.008.17
New base rent: $7,008.17
Plus leasehold tax of 12.84%: $0.00
Plus Water (if Flat Rate): $ -
Plus Sewer (if Flat Rate): $ -
Plus CAM/Misc./RR or Standby: $0.00
New Monthly Payment: $7,008.17
Starting Date: 1/1/2023
r O N O N 00 CD M
M
LL
O) r COCOCOO. (UN)
0) 0 IM+, - v
J
O) N CO r CD V N m V r
Q
M V O LO O 0 n n OD O
=
N N N N N N N N N Cl)
ti 0 V N CO t` O r 00 f-
r
00
n � N
LL
Cl CO COO CN N CO CO
J
fn o ui 'T Cl) o Di co Oi LO
Q
co V CN V 0 CO O OD
=
N N N N N N N N N N N N M
coCD OD
(O CO 000 CD 00 O (o
O
0 0 O Cl) CD CO O CA CD 0
C
OD r CO O q N r Ih N M
A V t CO 0 h f- 00 T
QN
N N N N N N N N N
O
� M CO co N COO a) N O LO
V
Cr, Cl O CO CO O 0410:10: O
M m O
G
''t CO CO CD n 00
N N N N N N N N N M
0
O
Z
0 L0 00 Ln co V CO O OD O O 1`
w
M r- co OR CO O CO U0 C,r
tl
Co V N w - m C)O
N h
Lf)0
N N N M M
N N N N N N
C
m
U)
M ^
O O N
((DD 000 C)M N OD
O
N� r CO O? Cl) CC) N C) f- f-
N h CO Cl) r C)V 0) Co
QO
� V If 0 0 (O n 00 00 O N
N N N N N N N N N N M
7
n
'It N V N 0) CC) m M C00 C00
C
0 CO (D CD Cl � M (O O CO CD
co
M 7� M r-�
0 CO O DO)
N N N N N N N N N N M
C
�
CO
CC
r CO (0 LO C) 0)W) v 00 �
Q
_r
CO
`
c.
D) 00 CO co co U) co fl Nr O
I-- 0 co Ir (+i — o co 0 o co
Q
N
N N N N N N N N N N M
7
N
N
co
C6
m
E
8 7
�--
r OD C, (D N M � 0 O CO
N N 0 m
a
_� 00
Ly
Op f- V M C'07 O
O
0 M N In O m 00 O N CO O
LL
N N N N N N N N N N M
C)
N
H
❑ O
N
N
4>
E
r y H y
U)
E E O
S
3
? ems+ .�„ CO
N
r)
O
C) Q U ) Q
N
m
V
w
7
N
_ �
3
>
�
Q
a�
om
� Cc
-0 U)
to
CI
m U) m lQ (D
N M CA CO h O CA O r N
CDCD m N
C6
r r r r r r r r N N N
Ci 0
w
N N N N N
U) Z U) m}
N N N N N N