2004/02/25 Council Agenda Packet

Parking Parking for Workforce employees is available among the fifty- two (52)parking stalls allocated for employees of Everett Station tenants. Additional parking is available on a"first come, first served"basis. Use of parking stalls in the Parking Lot shall be subject to the Rules and Regulations promulgated by the City or its property manager from time to time. Exhibits The following exhibits are part of this Lease: Exhibit A Legal description of the Building Exhibit B Preliminary floor and location plan Exhibit C Design and construction of Workforce' improvements (to be added upon completion) Exhibit D List of Workforce Property 2. Premises City does hereby lease to Workforce, and Workforce does hereby lease from City, the Premises upon the terms and conditions herein, together with rights of ingress and egress over common areas in the Building. The common address of the Premises shall be 3201 Smith, Ste. 200, Everett, Washington, 98201. 3. Commencement and Expiration Dates A. Commencement Date The Commencement Date shall be the date five (5)days following issuance of a certificate of occupancy(temporary or permanent) with respect to the Premises or portion thereof in which the Workforce' improvements are being constructed. B. Termination Rights In the event Workforce should experience a reduction of 10% or more of its Federal funding or is otherwise unable to obtain a legislative appropriation to support continued leasing of the Premises, Workforce may terminate this Lease upon sixty(60)days written notice. Workforce's obligation to pay Rent, Additional Rent and Tenant Improvement Rent shall terminate sixty(60) days from the date of written notice. C. Expiration Date The Lease shall expire on the date specified in §1 (Expiration Date). 9 3 Page 4 of 21