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2001-053
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2001-053
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Last modified
2/7/2017 11:27:45 AM
Creation date
9/30/2015 5:08:04 PM
Metadata
Fields
Template:
Resolutions
Resolution Number
2001-053
Approved Date
05/22/2001
Resolution Type
Agreement
Entity Name
Dodgertown
Subject
Extension Agreement Document Escrow Agreement
Area
Dodgertown
Archived Roll/Disk#
2745
Supplemental fields
SmeadsoftID
2479
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EXTENSION AGREEMENT <br /> FOR <br /> DOCUMENT ESCROW AGREEMENT <br /> This Extension Agreement is made as of May 22, 2001, by and between Indian <br /> River County, Florida, a political subdivision of the State of Florida (the "County"), the <br /> City of Vero Beach, Florida, a municipal corporation organized and existing under the <br /> laws of the State of Florida (the "City"), Los Angeles Dodgers, Inc., a Delaware <br /> corporation (the "Dodgers"), Fox Baseball Holdings, Inc., a Delaware corporation, de <br /> Guardiola Development, Inc., a Florida corporation (the "Developer") and Bryant, Miller <br /> and Olive, P.A., a Florida professional corporation (the "Agent"). <br /> WHEREAS, the County, the City, Dodgers, Fox and the Developer entered into <br /> that certain Document Escrow Agreement dated as of September 1, 2000 (the "Document <br /> Escrow Agreement"), for the purpose of placing all documents related to the County's <br /> acquisition of certain real property located in Indian River County, Florida known as <br /> Dodgertown, pending the satisfaction of various conditions precedent which must be <br /> satisfied or waived prior to the County proceeding with the issuance of the County's <br /> revenue bonds to finance such acquisition; and <br /> WHEREAS, the Document Escrow Agreement instructs the Agent to return all <br /> documents to the respective signatories on May 31, 2001, unless the conditions to release <br /> the escrowed documents set forth in Exhibit B to the Document Escrow Agreement have <br /> been satisfied on or before such date; and <br /> WHEREAS, the Developer, Dodgers and Fox, have requested that the escrow <br /> termination date of May 31, 2001 be extended to August 31, 2001; and <br /> WHEREAS, the City and the County have agreed to such extension request. <br /> NOW THEREFORE, in consideration of the mutual promises, covenants and <br /> agreements contained herein, and other good and valuable consideration exchanged <br /> among the parties hereto, the parties hereby agree as follows: <br /> Section 1. The last paragraph of Section 2 of the Document Escrow Agreement is <br /> hereby amended by deleting the reference to May 31, 2001, and by substituting therefor <br /> the date August 31, 2001. <br /> Section 2. This Extension Agreement is irrevocable and shall not be further <br /> modified or amended unless executed in writing by all of the parties hereto. This <br /> Extension Agreement shall be governed by the applicable laws of the State of Florida <br /> and, together with the Document Escrow Agreement as amended by this Extension <br /> Agreement, constitutes the entire agreement between the parties hereto pertaining to the <br /> subject escrow. <br />
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