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ADDENDUM 92 TO PARKING MANAGEMENT AGREEMENT <br />BETWEEN THE CITY OF EVERETT AND DOWNTOWN EVERETT <br />ASSOCIATION <br />THIS AGREEMENT is entered into this day of , 2010, by and <br />between the City of Everett, a municipal corporation under the laws of the State of <br />Washington ("City") and Downtown Everett Association ("Manager"). <br />WITNESSETH: <br />WHEREAS, the City and the Manager entered into an agreement ("Agreement") dated <br />August 3, 2004, for the management of the Everpark Garage; and <br />WHEREAS, in June 2007 the Agreement was amended extending the term for an <br />additional three years until July 2010; and <br />WHEREAS, the City wishes to extend the term of the Agreement for an additional three <br />years until July 2013; <br />NOW, THEREFORE, THE CITY AND MANAGER MUTUALLY AGREE AS <br />FOLLOWS: <br />1. Paragraph 1 of the Agreement is hereby amended to extend the term of the <br />Agreement from six to nine years as follows: <br />1. Term: The Manager shall provide services, work, improvements and <br />equipment pursuant to this Agreement for a period of nine years, commencing on <br />July 1, 2004. <br />2. Paragraph 5 of the Agreement as amended by Amendment #1 to the Agreement <br />is hereby amended to add compensation fees for the 7th, 8th and 9th years of this <br />Agreement as follows: <br />5. Compensation: <br />Manaller's Fee. The Manager's fee for the contract years 7, 8 and 9 of the <br />Agreement shall be as follows: <br />The Manager agrees to operate the garage and the City shall pay the Manager as <br />full compensation for everything furnished and done under this Agreement a <br />monthly payment in the amount of Fourteen Thousand Nine Hundred Dollars <br />($14,900.00) for each month of year seven of this Agreement. This amount is to <br />