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Everett Public Facilities District 8/15/2018
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Everett Public Facilities District 8/15/2018
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Entry Properties
Last modified
2/26/2024 7:10:10 AM
Creation date
8/28/2018 10:26:17 AM
Metadata
Fields
Template:
Contracts
Contractor's Name
Everett Public Facilities District
Approval Date
8/15/2018
Council Approval Date
8/1/2018
Department
Finance
Department Project Manager
Susy Haugen
Subject / Project Title
Amending the Events Center Ground Lease
Tracking Number
0001372
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Interlocal Agreements
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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CITY <br /> INTERLOCAL AGREEMENT <br /> BETWEEN THE CITY OF EVERETT <br /> AND THE EVERETT PUBLIC FACILITIES DISTRICT <br /> AMENDING THE EVENTS CENTER GROUND LEASE <br /> raL <br /> This Interlocal Agreement(Agreement) is made and entered into this�� day of August, <br /> 2018, by and between the CITY OF EVRETT, a Washington municipal corporation(the"City") <br /> and the EVERETT PUBLIC FACILITIES DISTRICT, a public facilities district of the State <br /> of Washington (the "District"). <br /> RECITALS <br /> WHEREAS, the City Council of the City, by Ordinance No. 2511-01 and Resolution <br /> No. 5030, effective on April 10, 2001, formed the District and approved its governing charter, <br /> pursuant to District granted by RCW ch. 35. 57; and <br /> WHEREAS, RCW chs. 35.59 and 39.34 authorizes public agencies to enter into <br /> agreements for cooperative action; and <br /> WHEREAS, the District was formed by the City for the specific purpose of acquiring, <br /> constructing, owning,remodeling,maintaining, equipping,re-equipping,repairing, financing, and <br /> operating (either directly or by contract) a multi-purpose regional special events center (the <br /> "Events Center"); and <br /> WHEREAS, the City and the District entered into a Ground Lease related to the Events <br /> Center on February 28, 2002 (the "Ground Lease"); and <br /> WHEREAS,the City and the District amended the Ground Lease pursuant to an Interlocal <br /> Agreement dated January 24,2007 ("First Amendment"); and <br /> WHEREAS, the City and the District desire to amend the provisions of Article 1, Section <br /> 1.2 Lease Term to extend the permitted term for an additional five (5)-year period. <br /> NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS <br /> HEREIN CONTAINED, THE CITY AND THE DISTRICT HEREBY RESOLVE TO <br /> AMEND THE GROUND LEASE AS FOLLOWS: <br /> SECTION 1. Article 1, Section 1.2, shall be amended to read as follows (additions are <br /> underscored and deletions are shown as stricken text): <br /> Section 1.2 Lease Term. All obligations of Lessor and Lessee hereunder, other than the <br /> payment of Rent by Lessee which shall commence on December 31, 2006, shall be binding on the <br /> parties upon the execution of this Lease (the "Effective Date"). Unless sooner terminated under <br />
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