Port of Everett Plans 10-Year Lease with Maritime Institute | Port Of Everett | TRAINING RESOURCES LIMITED INC DBA MARITIME INSTITUTE

Scope & details

The full contract record, as filed.

Contract amount

$757,591; gross revenues of $1,170,886.47 over 10-year term; $152,110 tenant improvement allowance; $86,920 additional allowance; $8,127.31 security deposit

Contract type

FACILITIES

Contract term

10-year term with one 5-year option

Renewal

Initial 10-year lease term with one 5-year renewal option at end of the initial term; tenant improvement and additional allowances repaid as amortized additional rent at 8% per annum.

Document type

AgendaPacket

Source document

Everett Port Commission Agenda Item Cover Sheet July 2023

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Everett Port Commission StaffReport Second Amendment to Lease for Training Resources Limited Inc 2026-09-10

APPROVED

Port Of Everett, Washington$650/month with 3% annual escalationsSep 10, 2026

Everett Port Commission Meeting Minutes July 2023

APPROVED

Port Of Everett, Washington$1,170,886.47 over ten-year term; $8,127.31 security deposit; $152,110 tenant improvement allowance plus $86,920 additional allowance; $18,561 leasing commissions; approximately $500,000 landlord workJul 11, 2023

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Port Of Everett?

Training Resources Limited Inc Dba Maritime Institute was awarded this facilities contract by Port Of Everett, as recorded on July 11, 2023. The contract value is $757,591; gross revenues of $1,170,886.47 over 10-year term; $152,110 tenant improvement allowance; $86,920 additional allowance; $8,127.31 security deposit.

How much is the Training Resources Limited Inc Dba Maritime Institute contract with Port Of Everett worth?

The Training Resources Limited Inc Dba Maritime Institute contract with Port Of Everett is valued at $757,591; gross revenues of $1,170,886.47 over 10-year term; $152,110 tenant improvement allowance; $86,920 additional allowance; $8,127.31 security deposit, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Everett Port Commission Agenda Item Cover Sheet July 2023 (AgendaPacket), dated July 11, 2023 from Port Of Everett. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Training Resources Limited Inc Dba Maritime Institute hold?

Training Resources Limited Inc Dba Maritime Institute may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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