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Last modified
6/28/2024 11:23:45 AM
Creation date
9/30/2015 5:48:12 PM
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Resolutions
Resolution Number
2009-072
Approved Date
05/19/2009
Agenda Item Number
11.A.
Resolution Type
Agreement
Entity Name
Dodgertown
Minor League Baseball (MiLB Vero Beach LLC – Pat O’Connor)
Subject
Facility Lease Agreement
Supplemental fields
SmeadsoftID
6298
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(d) Capital Reserve Account Agreement means the Capital Reserve Account <br />Agreement by and among the County, MiLB, and the Capital Reserve Account Agent, <br />governing the maintenance of the Capital Reserve Account. <br />(e) Cessation of Use is defined in Section 10.04, below. <br />(f) City means the City of Vero Beach, Florida. <br />(g) Conn means Indian River County, Florida, a political subdivision of the <br />State of Florida. <br />(h) County Funds means the funds to be provided to MiLB by the County <br />pursuant to this Agreement or the Capital Reserve Account Agreement. <br />(i) Dodgers means the team owned by the Los Angeles Dodgers, LLC, a <br />Delaware limited liability company and their predecessors, the former users of the <br />Facility, as the context requires. <br />(j) Effective Date means theJ47 day of )N U 2009, the date upon <br />which this Agreement becomes effective. <br />(k) Existing Facilities means the baseball spring training facilities located on <br />the Land as they existed as of the Effective Date, including the spring training baseball <br />stadium known as "Holman Stadium", the eighty-nine (89) unit hotel facility, the <br />conference center with meeting and dining rooms, the clubhouse and weight room, indoor <br />batting and pitching cages, baseball administration building, four (4) baseball practice <br />fields, and two (2) half baseball practice fields. <br />(1) Facility means, collectively, the Land, the Existing Facilities, and, as the <br />context warrants, the Improvements and any additional improvements hereafter <br />constructed on the Land. <br />(m) FF&E means furniture, fixtures, and equipment located at Facility on <br />Effective Date and initially described in Exhibit "C" hereto, as same may be replaced or <br />substituted during the Term, which replacements and substitutions shall be reflected on <br />an updated Exhibit "C" from time to time. <br />(n) Holman Stadium means the baseball stadium improvements known as <br />Holman Stadium which is a part of the Existing Facilities. <br />(o) Improvements means the <br />improvements constructed or to be constructed <br />on the Existing Facilities <br />during <br />the term of this Agreement, or any extension thereof, <br />consisting of the addition <br />of field <br />lights <br />to two (2) of the existing playing fields in 2009 <br />Page 3 of 29 <br />
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