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4 <br /> • EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br /> PROJECT TITLE: Initialed by: <br /> Department Head <br /> Authorize the Mayor to execute a CAA <br /> lease agreement with Everett Physical Council President <br /> Therapy & Sports Performance Center <br /> LLC. <br /> COUNCIL BILL# <br /> LOCATION: Originating Depart. Real Property. <br /> 2000 Hewitt Avenue Contact Person Craig Fullerton <br /> 1st Floor/Conference Center Phone Number 257-8808 <br /> FOR AGENDA OF November 19. 20 <br /> Preceding Action: Consent Second <br /> x Action Third <br /> First Reading Public <br /> 4) Attachments: Department(s) approval (Identify): <br /> 1)Lease Agreement Legal <br /> Real Estate <br /> Real Estate Committee <br /> Expenditure Required $ -0- Account Number(s): <br /> Amount Budgeted $ -0- <br /> Additional Required $ -0- <br /> SUMMARY STATEMENT: <br /> A lease agreement has been negotiated between Everett Physical Therapy & Sports Performance <br /> Center LLC and the City of Everett. The leased area is on the 1st floor of the Conference <br /> Center located at 2000 Hewitt Avenue and comprises 3200 square feet. The term is for five (5) years with <br /> two (2) five year options to extend. The rental rate is $6133.33 per month and after the first three years is <br /> subject to Consumer Price Index increases. In addition, 5 parking stalls located South of Wall Street are <br /> included in the lease at an additional cost of$50.00 per stall. <br /> This has been reviewed and approved by the Real Estate Committee <br /> RECOMMENDATION (Exact action requested of Council): <br /> Authorize the Mayor to execute the lease agreement with Everett Physical Therapy & Sports Performance <br /> Center LLC. for 3200 square feet of office area located on the 1st floor of the. Conference Center at 2000 <br /> Hewitt Avenue. <br /> 17 <br />