Lee & Associates Commercial Real Estate Services, LLC 12/28/2023

General Provisions - 1 ATTACHMENT PROFESSIONAL SERVICES AGREEMENT (GENERAL PROVISIONS) 1. Engagement of Service Provider. The City hereby agrees to engage Service Provider, and Service Provider hereby agrees, to perform real estate brokerage services for Designated Properties (as defined below) in a competent and professional manner in accordance with industry standards for Western Washington real estate brokers (the “Work”). Some of the Work includes:  effective communication with City staff and provide updates as needed using all forms of communication  work in collaboration with City staff to advise about the potential for the property and its optimum use  listing the properties with available real estate listing services and use of other diverse marketing approaches and resources to achieve maximum exposure for the intended sale of each property.  coordination of access to the properties as required for the purpose of facilitating the sale of the property  reporting of vandalism, damage, or other unforeseen problems with the properties to the City’s Project Manager  signing the properties  presentation of offers from pre-qualified buyers to the City for review, initiate and facilitate with all escrow closings  working within the guidelines and regulations established by the State of Washington, City of Everett, or other jurisdictions that may apply in the selling of real estate. 2. Intellectual Property Rights. Reports, drawings, plans, specifications and any other intangible property created in furtherance of the Work are property of the City for all purposes, whether the project for which they are made is executed or not, and may be used by the City for any purpose. Unless otherwise expressly agreed in writing, all intellectual property rights in such documents or intangible property created pursuant to this Agreement, or for the City, belong to the City. Service Provider retains any intellectual property rights in documents and intangible property created by Service Provider prior to engagement, or not created by Service Provider for its performance of this Agreement. 3. Time of Beginning and Completion of Performance. This Agreement shall commence as of the effective date and shall continue until the Completion Date in the Basic Provisions. The City has an option to extend the term of the Agreement by three extension terms of one year each. The City exercises its option to each extension term by written notice to Service Provider prior to expiration of the preceding term. Accordingly, if the City exercises all three extension terms, the total term of this Agreement will be six years. 4. Listing Agreement/Designated Properties/Commissions. A. Designated Property. For each property for which the City desires Service Provider’s services, the City’s Project Manager will deliver a written designation notice in a form substantially as attached to these General Provisions (each such property, a “Designated Property”). The designation notice will state length of time that the City desires the listing to occur for the Designated Property, which unless stated otherwise in the notice will be six