2005/07/20 Council Agenda Packet

5 Parking Consortium shall be entitled to monthly parking privileges for fifty-two (52)passenger cars. 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 Consortium' improvements Exhibit D List of Consortium Property 2. Premises City does hereby lease to Consortium, and Consortium 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 Consortium' improvements are being constructed. B. Termination Rights In the event Consortium is unable to obtain a legislative appropriation to support continued leasing of the Premises, Consortium may terminate this Lease upon six months written notice. Consortium's obligation to pay Rent and Additional Rent shall terminate six months from the date of written notice. Because Rent includes payment for tenant improvements amortized over twenty years, any reletting of the Premises during the six months after notice of termination shall not be credited to Consortium's account. C. Confirmation of Commencement Date When the Commencement Date has been established, such date shall be inserted in §1 (Commencement Date) and initialed by City and Consortium. Page 2 of 29