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THIS LEASE (the "Lease"} is made as of February O5, 2025 ("Effective Date"), <br />between the City of Everett as landlord (the "City") and Everett Gospel Mission as the <br />tenant ("EGM"), and relates to property owned by the City and legally described in the <br />attached Exhibit A (the "Property'). <br />RECITALS <br />A. EGM desires to continue to lease the Property for the Everett Pal{et <br />Shelter Project. The mission of the project is to provide low -barrier shelter for <br />individuals experiencing homelessness. <br />6. The City is willing to lease EGM the Property for use for the Everett Pallet <br />Shelter Project and for control of the Property for the purpose of the Project, all upon <br />the terms and conditions set forth below. <br />NOW, THEREFORE, in consideration of the covenants, terms and conditions set <br />forth below, and for good and valuable consideration, the receipt and sufficiency of <br />which are hereby acknowledged, the parties agree. <br />Section 1. LEASED PROPERTY. The City leases to EGM, and EGM leases from the <br />City, the Property. EGM has examined the Property and is in all respects familiar with <br />the Property and the improvements in the Property. EGM accepts the Property and its <br />improvements in their "as is" condition. Except for work specifically described in this <br />Lease, the City has no obligation to construct any improvements on the Property. <br />Section 2. RENT. So long as the Property is used for the Project (as defined below), <br />no rent is required for the Property. However, EGM shall be responsible to pay any <br />Washington State Leasehold Tax that may result due to EGM's use of the Property <br />pursuant to the Lease. <br />Section 3. TERM. This Lease shall be effective on the Effective Date and shall expire <br />on the first anniversary of the Effective Date, unless terminated earlier as set forth in <br />Section 12 below. <br />Section 4. AUTHORIZED USE. EGM may only use the Property for the purpose of <br />the Everett Pallet Shelter Project (the "Project"). EGM shall not use or permit the use of <br />the Property for any other use without the prior written consent of the City, which may <br />r <br />