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LEASE AGREEMENT <br /> THIS LEASE AGREEMENT ("Agreement") is made this day of <br /> 2006, between PORT GARDNER PARTNERS, L.P., a Washington Limited Partnership, <br /> hereinafter called "Landlord", and The CITY OF EVERETT, a municipal corporation of <br /> Washington State, hereinafter called "Tenant". <br /> 1. Basic Lease Terms. <br /> (a) Premises: <br /> Building Address: 2802 Wetmore Avenue, Suite 210 <br /> Everett, Washington 98201 <br /> Premises Area: Approximately 2,596 square feet <br /> (b) Lease Term: Three (3) years, with an option to extend for three one- <br /> year periods. <br /> (c) Rent: $3,996.00 per month for three years <br /> (d) Tenant's Use of the Premises: General office <br /> (e) Addresses for Notices: <br /> (i) Landlord: <br /> Port Gardner Partners, L.P. <br /> P.O. Box 321 <br /> Medina, Washington 98039 <br /> Attention: Patrick Hill <br /> (ii) Tenant: <br /> City of Everett <br /> Real Property Department <br /> 3200 Cedar St. <br /> Everett, Washington 98201 <br /> Attention: Michael Palacios <br /> (f) Broker: C.J. Ebert of Harbor Mountain Development is a licensed <br /> 1 <br />