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Ira <br /> STANDARD LEASE EVERETT <br /> This Lease is made as of ( 2,511`, 2023, between the City of Everett, a <br /> Washington municipal corporation ("Ldlord"), and Swamp Creek & Western Railroad <br /> Association, a Washington non-profit corporation ("Tenant"). <br /> 1. BASIC LEASE PROVISIONS. The following definitions and provisions apply and are <br /> part of this Lease: <br /> Base Rent $500 per month <br /> Security Deposit $0 (if"0" or left blank, then there is no security deposit) <br /> Building The building located at 3201 Smith Avenue in Everett, Washington, in <br /> which the Leased Premises is located. <br /> The legal description of real property on which the Building is located is <br /> attached as Exhibit A. If the parties determine that a drawing of the Leased <br /> Premises is necessary, it will also be included as part of Exhibit A. <br /> Leased Premises Space located on the southeast corner on the 1st floor of the Building <br /> containing approximately 630 rentable square feet. <br /> Term Five (5) years, from Commencement Date. Commencement Date shall be <br /> May 17, 2023 or the actual date of occupation of the Leased Premises, <br /> whichever is later. <br /> Extension Term The terms and conditions of Extension Term(s), if any, are provided in <br /> Exhibit B. If there is no Exhibit B, then there are no Extension Term(s). <br /> Approved Use Museum <br /> Special Landlord may terminate this Lease,with or without cause, upon ninety(90) <br /> Termination days prior written notification to Tenant <br /> Right <br /> Landlord Notice Real Property Manager <br /> Address City of Everett <br /> 2930 Wetmore Avenue <br /> Everett, WA 98201 <br /> Tenant Notice At the Leased Premises, with a copy to: <br /> Address Swamp Creek & Western Railroad Association <br /> 3201 Smith Avenue <br /> Everett, Washington 98201 <br />