2004/02/25 Council Agenda Packet

12 THIS LEASE is made this day of 2004 between the City of Everett, a Washington municipal corporation ("City"), and the Snohomish County Workforce Development Council, a Washington non-profit corporation ("Workforce"). City and Workforce agree: 1. Lease Data and Definition of Lease Terms and Exhibits The following terms as used herein shall have the meanings provided in this §1, (Lease Data and Definition of Lease Terms and Exhibits), unless otherwise specifically modified by provisions of this Lease: Building Known as the Everett Station, Everett, Washington, or such other name as City may designate from time to time. Premises A portion of the Building within the area outlined on the floor plan of the Building, attached hereto as Exhibit B including the improvements described in Exhibit C Area of the Premises The total approximate Area of the Premises is one thousand nine hundred (1,900) square feet on the third floor. Commencement Date Five days after Occupancy Permit issued, per § 5 Commencement Date Expiration Date Sixty(60)months from Commencement Date Rent, Additional Rent Rent during the first year of the initial term of the lease shall be and Tenant Four Thousand Four Hundred Thirty-three Dollars and Thirty- Improvement three cents ($4,433.33) per month in accordance with the Reimbursement provisions of paragraph 4. Workforce shall pay as Additional Rent amounts payable pursuant to the terms of§§ 7 (Additional Rent), 8 (Services and Utilities), and 9.B (Tenant Improvement Reimbursement)4 (Rent, Additional Rent and Tenant Improvement Reimbursement Due). During the initial and any renewal term, Rent shall be adjusted as provided in §5 (Adjustment of Rent). Tenant improvements City shall provide turnkey improvements as provided herein. Workforce agrees to reimburse the City up to $42,500 for tenant improvements. Page 3 of 21 9 2