2016/05/25 Council Agenda Packet

LEASE RENEWAL and AMENDMENT No.2 This Lease Renewal and Amendment No. 2 is dated as of this day of 2016, by and among City of Everett, a Washington State municipal corporation("Landlord" or "Lessor"), and Snohomish County Police and Auxiliary Services Center, and interlocal association of municipalities also known as SNOPAC,("Tenant" or"Lessee") . RECITALS The Landlord, by that certain Lease Agreement dated the 18th day of June, 2001, as amended by that certain Amendment No. 1 dated October 5, 2009 (the "Lease") leased to Tenant, certain real property located in Everett, Washington which premises is 1121 SE Everett Mall Way,Everett, Washington(the"Building"); and Landlord and the Tenant,hereby express their mutual desire to exercise the first option to renew the lease as provided for in Section 2 of the lease and wish to modify the renewal period to extend the Lease as provided for herein. That portion of Section 2 which reads: ..... this Lease may be renewed up to five (5) years at one year(1)year increments..... Is hereby replaced with: .....this Lease may be renewed up to six (6)years at two (2)year increments... The Lease is hereby extended commencing on July 1,2016 and will expire on June 30,2018. The Landlord and Tenant,also hereby express their mutual desire to adjust the rent to reflect market rent. Commencing July 1,2016, the monthly rent under this term of the Lease is hereby adjusted to start at $20,393.75. ($1.25 per square foot per month) for the entire Premises, an annual rent of$244,725.00. All other provisions of Section 4 remain unchanged. Full Force and Effect. The parties agree that the Lease remains in full force and effect without interruption, except as expressly modified by this Amendment, and as of the date of this Amendment,the parties know of no facts or circumstances that would constitute a default under the Lease. This LEASE RENEWAL and AMENDMENT No. 2 is hereby approved and accepted by: 1 of 3 120