Laserfiche WebLink
DocuSign Envelope ID:C674FAD1-999B-4501-AD9B-BA1D89FF7B61 <br /> CITY <br /> PARKER OUTDOOR - ADVERTISING LEASE AGREEMENT <br /> This Lease Agreement is entered into on , 2017, by Parker Outdoor, Inc. ("Parker") and <br /> City of Everett— Everett Transit ("Advertiser" . The parties hereby agree as follows: <br /> 1. Purpose. Parker is engaged in the business of leasing advertising space on billboard-type <br /> signs. Advertiser wishes to lease advertising space from Parker. <br /> 2. Term. This agreement shall run for twelve (12) months beginning October 1, 2017, and <br /> ending September 30, 2018. <br /> 3. Advertising Space. Advertiser hereby leases advertising space as follows: <br /> 3.1 Sign #23 West Face (formerly Sign #E-2 West) is located at 2402 Pacific Avenue (at Hill <br /> Street), Everett, Washington. The dimensions of the space leased are 12' x 24'. Lease <br /> price is $850 per month. <br /> 3.2 Lighting. Sign #23 West is Illuminated dusk to dawn. <br /> 4. Advertising Content. The content of all advertisements placed on the sign described in <br /> paragraph 3 shall be tasteful, clear and concise. Parker shall have the final say as to whether <br /> advertisements meet the requirements of this paragraph. <br /> 5. Lease Payment. <br /> 5.1 Monthly Payment. A lease payment in the amount of $850 shall be paid by check or <br /> credit card on the 1st of each month beginning October 1, 2017. If paid after the 10th of <br /> the month, there will be a 5% late fee assessed on the past due amount, which continues <br /> to accrue each month until paid in full. Advertiser hereby agrees to allow Parker <br /> Outdoor to electronically deposit any check sent for payment. <br /> 5.2 Cost of Lease. Total cost of lease is $10,200 under the terms of this Agreement. <br /> Additional production costs are outlined in section 6 below. <br /> 5.3 Failure to Make Payment. Notwithstanding Parker's cancellation of this Agreement, <br /> Advertiser shall remain liable for all outstanding payments. In the event any payment <br /> due hereunder is more than 30 days late, Parker may cancel this Agreement and lease <br /> the advertising space described above to a third party. Advertiser agrees to pay all <br /> collection costs incurred by Parker as a result of Advertiser's failure to make payments <br /> under this Agreement. <br /> ' —os <br /> C �S <br /> Parker Outdoor Lease Agreement v (please initial) Page 1 of 3 <br />