Resolution 5871 - Laserfiche WebLink

EXHIBIT E-2 Public Works Yard Lease THIS LEASE is made this day of , 2007, by and between OLIVERMCMILLAN, LLC, a California limited liability company ("Lessor"), and the CITY OF EVERETT, a municipal corporation of the State of Washington ("Lessee"). WITNESSETH: For and in consideration of the covenants, terms, and conditions hereinafter set forth, Lessor does hereby lease to Lessee, and Lessee does hereby lease from Lessor, a portion of those certain premises situated in Snohomish County, Washington, described as follows: Legal Description] which such portion is shown on the site plan attached hereto as Schedule A, hereinafter called the"Premises.- ]. Premises."1. Purpose. The Premises are only to be used for the purpose of storing equipment and other personal property of Lessee and for any related uses. 2. Term. The term shall commence on the date hereof and, unless earlier terminated pursuant to the terms hereof, shall end on September 28, 2007. 3. Rent. Lessee shall not be obligated to pay any rent to Lessor for the use of the Premises during the term of this Lease. 4. Taxes. Lessee shall be liable for, and shall pay throughout the term of this Lease, any and all real estate taxes and assessments that may be owed with respected to the Premises during the term of the Lease. 5. Repairs/Maintenance. During the term of this Lease, Lessee shall not be obligated to make any structural or other repairs to the Premises or to maintain the Premises other than in a reasonably safe condition. Lessor shall have no obligation of any kind to maintain or repair the Premises, including but not limited to capital repairs or replacements, during the term of the Lease. If any repairs or maintenance of any kind become necessary during the ten-n of this Lease and Lessee elects not to make such repairs or maintenance, Lessee shall have the option of terminating the Lease and immediately vacating the Premises but in no event shall Lessor have any obligation to make or fund any repairs or maintenance of any kind. Both parties acknowledge that this provision was specifically bargained for and a material inducement to the patties'entry into the Lease. 6. Lessor's Representations. Lessor represents and warrants that Lessor is the owner of, and has absolute title to, the improvements, fixtures, trade fixtures, and equipment, if any, located at the Premises (the improvements, if any, are referred to as the "Improvements," and the fixtures, trade fixtures, and equipment, if any, are collectively referred to as the "FF&E"). E-2-1 06107-0063 LEGAL13023969.1