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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br /> PROJECT TITLE: 5 <br /> Lease Agreement with the Consent COUNCIL BILL # <br /> State of Washington X Action Originating Department Facilities/Prop.Mgt. <br /> Employment Security First Reading Contact Person Michael Palacios <br /> Department for space at Tom Hingson <br /> Everett Station Second Reading Phone Number (425)257-8938 <br /> (425) 257-8939 <br /> Third Reading FOR AGENDA OF June 2, 2010 <br /> Public Hearing <br /> Proposed Action Initialed by: <br /> Department Head C410CAA <br /> Council President <br /> Location Preceding Action Attachments Department(s) Approval <br /> Everett Station located at 6/26/02 City Council Lease Agreement Legal <br /> 3201 Smith Ave Approval of Lease Transit <br /> Agreement for ESD at Real Property <br /> Everett Station <br /> 2/11/09 City Council <br /> Approval of Lease <br /> Renewal for ESD at <br /> Everett Station <br /> Amount Budgeted -0- <br /> Expenditure Required -0- Account Number(s): <br /> Budget Remaining -0- <br /> Additional Required -0- <br /> DETAILED SUMMARY STATEMENT: <br /> The City of Everett and the Washington State Employment Security Department(ESD)entered into a 5-year lease <br /> agreement for space at Everett Station which began on July 1,2002,with a termination date of June 30,2007. ESD <br /> continued to lease at Everett Station on a month to month basis until the lease was renewed in February 2009. <br /> The February 2009 lease agreement was for an initial 3-year term for 11,943 square feet(1,784 less space than the <br /> 2002 lease agreement)for space on the 1st and 4th floors at Everett Station with a termination date of December 31, <br /> 2011. <br /> ESD has recently moved their operations from the 1st floor to the 3rd floor and continues to occupy space on the 4th <br /> floor at Everett Station totaling 11,809 square feet. A new 5-year lease agreement is proposed for the newly occupied <br /> space with a commencement date of May 1,2010,and a termination date of April 30,2015. The proposed rate for the <br /> first 2 years of the lease term is $26,816.27 per month. The rate will increase annually by 3 percent each year <br /> thereafter for the remainder of the term. <br /> RECOMMENDATION (Exact action requested of Council): <br /> Authorize the Mayor to sign new Lease Agreement with the State of Washington Employment Security <br /> Department for space at Everett Station. <br /> 41 <br />