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4 <br /> AMENDMENT NO. 1 <br /> PARKING MANAGEMENT AGREEMENT <br /> BETWEEN THE CITY OF EVERETT <br /> AND DOWNTOWN EVERETT ASSOCIATION <br /> This Amendment No. 1 is dated for reference purposes December 31, 2019. It is <br /> by and between the City of Everett, a municipal corporation under the laws of the State of <br /> Washington("City") and Downtown Everett Association("Manager"). <br /> RECITALS <br /> A. The City and Service Provider are parties to the Parking Management <br /> Agreement dated December 30, 2016 (the "Agreement"). The Agreement concerns the <br /> Everpark Garage, a 500-car parking facility located in the 2800 block of Hoyt Avenue, <br /> Everett, Washington <br /> B. The Agreement has a three-year term, ending December 31, 2019. The <br /> City and the Service Provider desire to amend the Agreement for the purpose of <br /> extending the term for six months, so that the Agreement ends June 30,2020. <br /> AGREEMENT <br /> The City and Service Provider agree as follows: <br /> 1. Section 1 (Term) of the Agreement is deleted and replaced with the following: <br /> The Manager shall provide services, work, improvements and equipment <br /> • pursuant to this Agreement for the period commencing on January 1, <br /> 2017, and ending June 30,2020. <br /> 2. The first sentence of Section 5.A (Manager's Fee) of the Agreement is deleted <br /> and replaced with the following: <br /> The Manager agrees to operate the garage and the City shall pay the <br /> Manager as full compensation for everything furnished and done under <br /> this Agreement a monthly payment in the amount of (i) $16,613.00 for <br /> first three years of the teiiii (January 1, 2016 to December 31, 2019) and <br /> (ii) $18,274.30 for the last six months of the teliu (January 1, 2020 to June. <br /> 30, 2020). <br /> 3. At the sole discretion of the City, the City may consent to the Manager's signature <br /> on this Amendment being by email, fax,pdf or other electronic means,in which case <br /> such Manager signature will be deemed an original signature for all purposes. The <br /> City will be deemed to have given such consent effective upon execution of this <br /> Amendment by the Mayor of the City. <br /> 4. All provisions in the Agreement shall remain in effect except as expressly <br /> modified by this Amendment. <br /> 11 <br />