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E EVERETT <br />City Council Agenda Item Cover Sheet <br />Project title: Lease agreements with Workforce Development Council Snohomish County at Everett Station for <br />Youth Center (2nd Floor) and WorkSource Snohomish (3rd and 4th Floors). <br />Council Bill # <br />Agenda dates requested: <br />May 18, 2022 <br />Briefing <br />Proposed action <br />Consent X <br />Action <br />Ordinance <br />Public hearing <br />Yes X No <br />Budget amendment: <br />Yes X No <br />PowerPoint presentation: <br />Yes X No <br />Attachments: <br />Department(s) involved: <br />Parks/Cultural Arts <br />Real Property/Econ Dev <br />Contact person: <br />Darcie Byrd <br />Phone number: <br />425 257-7190 <br />Email: dbyrd@everettwa.gov <br />Initialed by: <br />Department head <br />Administration <br />Council President <br />Project: Workforce Lease Agreements at Everett Station <br />Partner/Supplier : Workforce Development Council Snohomish County <br />Location: Everett Station <br />Preceding action: <br />Fund: 425 <br />Fiscal summary statement: <br />Workforce Development Council Snohomish County currently occupies lease space at <br />Everett Station on the second floor for its Youth Center and the third and fourth floors <br />for WorkSource of Snohomish County. The two attached proposed lease agreements <br />are for a lease term duration of an additional twelve months at the rate of <br />$8,508.33/month (second floor) and $32,897.13/month (third and fourth floors). <br />Project summary statement: <br />Existing lease agreements with Workforce Development Council Snohomish County for <br />spaces at Everett Station will expire on June 30, 2022. The attached proposed lease <br />agreements are effective beginning July 1, 2022, for a duration of twelve months. The <br />rental rate for the second floor space is $25/square foot for a total annual compensation <br />amount of $102,099.96. The third and fourth floors are at the rate of $25.50/square foot <br />for a total annual compensation amount of $394,765.56. The combined compensation of <br />the two leases for the twelve-month term is $496,856.52. <br />Recommendation (exact action requested of Council): <br />Authorize the Mayor to sign lease agreements with Workforce Development Council <br />Snohomish County at Everett Station for Youth Center (2nd Floor) and WorkSource <br />Snohomish (3rd and 4th Floors). <br />9 <br />