1121 SE EVERETT MALL WAY EVERETT POLICE DEPT SOUTH PRECINCT 2023-02-06

the General Terms and Conditions, (attached to this Lease as Exhibit C). SERS reserves the right to exercise an option to extend this lease for Four(4) additional Five (5)year periods, by providing written notice of its intention to exercise each such option Six (6) months prior to the expiration of the then,current term. Lessor may request reasonable adjustment in the Lease terms and conditions when such adjustment is necessitated by SERS exercising its option to extend the Term of the Lease. 3. Rent,Additional Rent,Offset and Leasehold Excise Tax : A. Upon commencement of this Lease, SERS shall pay to Lessor a rent of TEN DOLLARS ($10.00) per year for SERS's Use of the Premises; provided, however, Lessor shall be entitled to negotiate a fair market rental amount in the event that any other municipality that is a member in SERS that leases a Radio System site location charges SERS a market rental amount. B. SERS, as additional consideration for this Lease, shall perform certain improvements to the Site, which will have benefit to Lessor. C. No offset, reduction or credit toward rent shall be allowed unless approved in advance and in writing by Lessor. D. SERS, as an interlocal non-profit corporation comprised of municipalities is exempt from the requirement to pay leasehold excise tax. In the event this exemption is determined to be inapplicable or leasehold excise tax becomes due and owning for other reasons, SERS shall pay the same and indemnify Lessor from any liability arising therefrom. E. All rent owing shall be made payable to Lessor and is to be received in the office of the: City of Everett Attn: City Treasurer 2930 Wetmore Avenue Everett,WA 98201 All rent or additional rent owing and all taxes shall be payable in advance, without prior notice or demand, on the first(13) day of each year of the Lease Term. If this Lease is terminated at a time other than the last day of the month,rent or additional rent shall not be prorated as of the date of termination. Said rent or additional rent shall be exclusive of any other sale, franchise, business or occupation or other tax based on rents. Should any other such tax or any fee apply during the life of this Lease,the payment due by SERS shall be increased by such amount. 4. Use of Premises: A. Lessee shall use said Premises for the installation, operation, maintenance, repair and/or disconnection of Radio System communications equipment, including an antenna system, 2 of 32.