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EASC needs to move forward with what we feel is best for the organization and our investors. We have <br />tried to negotiate with our landlord, SmartCap to terminate our lease but have been unsuccessful. We <br />have seven years remaining - but our identified location at Pioneer Place is a much better fit for our <br />needs. We are currently negotiating with other organizations who are considering moving into our <br />space, but we must maintain our established momentum to secure the Pioneer Place location. <br />We expect to find a tenant for our South Everett location well before the two-year period but ask for a <br />two-year commitment as the real estate climate is slowing, and office space in Snohomish County has a <br />large inventory of availability. In the event we can sublease our space, we would apply the funds to <br />support the Everett Chamber of Commerce. <br />We are committed to engaging and partnering with the City of Everett to make our downtown presence <br />a vibrant, inclusive, connected, and thriving place. Using these funds for office relocation and rent <br />assistance to provide incubation space for small businesses and technical assistance fits the American <br />Recovery Plan Act's intent and will positively impact our organization and the community. <br />Thank you for considering our request. <br />3 <br />