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1 <br /> SCULPTURE LOAN AGREEMENT (PUBLIC ART) <br />This Sculpture Loan Agreement (“Agreement”) is effective as of the date of the Mayor’s <br />signature below and is between the City of Everett, a Washington municipal corporation (the <br />“City”), and the person identified as the Lender in the Basic Provisions below (“Lender”). This <br />Agreement includes the Basic Provisions and the attached General Provisions. <br />In consideration of the covenants, terms and conditions set forth below, and for good and <br />valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the City <br />and Lender agree as follows: <br />BASIC PROVISIONS <br />Lender <br />Troy Pillow Inc. <br />6113 SE Fragaria Rd. <br />Olalla, WA 98359 <br />troy@pillowstudios.com <br />City Project Manager <br />Tyler Chism <br />City of Everett – Economic Development 2930 Wetmore Ave. <br />Everett, WA 98201 <br />tchism@everettwa.gov <br />Artwork Title Karat <br />Term of Agreement From July 1, 2022 to July 1, 2026 <br />Honorarium $2,000.00 ($1,000 per two-year term), paid with 30 days after installation of the Work for public display. <br />Display Location Colby Avenue on the NW corner of Hewitt Avenue, Everett, WA 98201