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acres of land adjacent to the northern boundary of the Baseball Facilities (the combined acreage to be
<br /> referred to hereafter as the "Adjacent Land"). In turn, Developer has agreed to develop the Adjacent
<br /> Land by constructing thereon a mixed-use "mini-town" containing, inter alfa, a hotel and conference
<br /> facility, multifamily rental units, and retail, restaurant, and entertainment facilities (hereinafter
<br /> collectively referred to as the "Collateral Development"). The Adjacent Land is described with
<br /> particularity in Exhibit `B," which is attached hereto and incorporated herein by this reference. For
<br /> purposes of this Declaration, any reference to "Developer" in this Declaration shall be deemed to
<br /> include, without limitation, Developer's heirs, successors and assigns.
<br /> E. Pursuant to the Facility Lease Agreement, dated as of September 1, 2000, between
<br /> Dodgers and the County, the County has leased the Baseball Facilities to Dodgers for an initial term of
<br /> twenty (20) years (subject to renewal options set forth therein). The Facility Lease Agreement has been
<br /> recorded among the Public Records of the County prior to the recordation of this Declaration.
<br /> F. Developer shall develop the Adjacent Land and construct the Collateral Development,
<br /> through final completion thereof, in accordance with the protective covenants, conditions, restrictions,
<br /> and easements, set forth in this Declaration, all of which covenants, conditions, restrictions, and
<br /> easements shall run with the Adjacent Land.
<br /> G. Dodgers, the County, and Developer desire to provide adequate parking space for all
<br /> anticipated events at the Baseball Facilities, as well as at the Collateral Development, and have agreed to
<br /> enter into and record this Declaration among the Public Records of the County to encumber both the
<br /> Baseball Facilities and the Adjacent Land.
<br /> COVENANTS
<br /> NOW, THEREFORE, in consideration of the foregoing Recitals and of the mutual promises,
<br /> covenants, conditions, warranties, and representations set forth herein, the parties hereto agree as
<br /> follows:
<br /> Section 1. Declaration
<br /> (A) Declaration: Dodgers, Developer, and the County declare and agree that the Adjacent
<br /> Land and the Baseball Facilities shall be developed, constructed, held, sold, conveyed, encumbered,
<br /> hypothecated, leased, used, occupied, and improved subject to the agreements, easements, restrictions,
<br /> covenants, and conditions set forth in this Declaration, all of which are for the purpose of providing that
<br /> adequate parking be readily available for all anticipated events at the Baseball Facilities as well as at the
<br /> Collateral Development. The agreements, covenants, conditions, restrictions, and easements set forth
<br /> herein (a) shall run with the title to the Adjacent Land and shall be binding upon and inure to the benefit
<br /> of Developer, its successors and assigns; and (b) shall run with the title to the Baseball Facilities and
<br /> shall be binding upon and inure to the benefit of Dodgers, the County, and their respective successors
<br /> and assigns.
<br /> (B) Compliance with Laws: The parking areas for the Baseball Facilities and the Adjacent
<br /> Land shall be developed, used, constructed, occupied, and held in accordance with this Declaration, and
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