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RESOLUTION NO. 2001- 053 A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA PROVIDING FOR THE APPROVAL OF THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF AN EXTENSION AGREEMENT FOR DOCUMENT ESCROW AGREEMENT IN CONNECTION WITH THE ACQUISITION OF CERTAIN REAL PROPERTY KNOWN AS DODGERTOWN; AUTHORIZING OTHER REQUIRED ACTIONS; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE. BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of Chapter 125, Florida Statutes, and other applicable provisions of law. SECTION 2. APPROVAL OF THE EXTENSION AGREEMENT. The Extension Agreement for Document Escrow Agreement (the"Extension Agreement") in substantially the form attached hereto as Exhibit A is hereby approved and the Chairman or Vice-Chairman and the Clerk are hereby authorized and directed to execute and deliver the Extension Agreement on behalf of and in the name of the County, with such additional changes, insertions and omissions therein as may be otherwise made and approved by said officers of the County executing the same, such execution to be conclusive evidence of such approval. SECTION 3. APPROVAL OF REAL ESTATE CLOSING EXTENSION. The Agreement for Sale and Purchase dated as of September 1, 2000 (the "Real Estate Contract") between the Los Angeles Dodgers, Inc. (the"Dodgers") and the County provided for a closing on the sale of the real estate on or before March 31, 2000. In light of the extension of the document escrow period until August 31, 2001, the Dodgers have extended the real estate closing date to August 31, 2001, and have requested that the County acknowledge same by executing the extension letter attached hereto as Exhibit B. The Chairman or Vice-Chairman and the Clerk are hereby authorized and directed to execute and deliver the acknowledgment of the extension letter substantially in the form attached hereto as Exhibit B on behalf of and in the name of the County, with such additional changes, insertions and omissions therein as may be otherwise made and approved by said officers of the County executing the same, such execution to be conclusive evidence of such approval. SECTION 4. SEVERABILITY AND INVALID PROVISIONS. If any one or more of the covenants, agreements or provisions herein contained shall be held contrary to any express provision of law or contrary to the policy of express law, but not expressly prohibited or against public policy, or shall for any reason whatsoever be held invalid, then such covenants, agreements or provisions shall be null and void and shall be deemed separable from the remaining covenants, agreements or provisions and shall in no way effect the validity of the other provisions hereof. 1