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2018-293A
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2018-293A
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Last modified
1/4/2021 3:18:03 PM
Creation date
1/11/2019 9:40:19 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Lease
Approved Date
12/18/2018
Control Number
2018-293A
Agenda Item Number
11.A.
Entity Name
Verotown, LLC
Subject
Amended and Restated Facility Lease Agreement
MLB will purchase membership interest
Recorded BK 3175, PG. 1082
Area
Historic Dodgertown
Alternate Name
Major League Baseball
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Prepared By, <br />Record and Return to: <br />Heather J. Encinosa, Esq. <br />Nabors, Giblin & Nickerson, P.A. <br />1500 Mahan Drive, Suite 200 <br />Tallahassee, Florida 32308 <br />AMENDED AND RESTATED FACILITY LEASE AGREEMENT <br />This AMENDED AND RESTATED FACILITY LEASE AGREEMENT ("Agreement") <br />is made as of the 2"d day of January, 2019 (the "Effective Date"), by and between Indian River <br />County, Florida, a political subdivision of the State of Florida (hereinafter referred to as the <br />"County"), and Verotown, LLC, a Delaware corporation, (hereinafter referred to as <br />"Verotown"). <br />RECITALS <br />A. WHEREAS, County and MiLB Vero Beach, LLC, a Florida limited liability <br />company (the "Initial Tenant") entered into that certain Facility Lease Agreement effectively <br />dated May 1, 2009 whereby County leased that certain real property located in Vero Beach, <br />Florida, and known generally as "Dodgertown" (the "Facility") and being more particularly <br />described in Exhibit "A" attached hereto, as further amended by that certain First Amendment to <br />Facility Lease Agreement by and between the County and the Initial Tenant effectively dated <br />June 1, 2011, as further amended by that certain Second Amendment to Facility Lease <br />Agreement by and between the County and Initial Tenant effectively dated January 1, 2012, as <br />further amended by that certain Third Amendment to Facility Lease Agreement by and between <br />County and Verotown effectively dated July 16, 2013, as further amended by that certain Fourth <br />Amendment to Facility Lease Agreement by and between County and Verotown effectively <br />dated January 21, 2014, and as further amended by that certain Fifth Amendment to Facility <br />Lease Agreement by and between County and Verotown effectively dated April 1, 2014 <br />(collectively referred to as the "Initial Lease"); and <br />B. WHEREAS, MLB (as hereinafter defined) enjoys a rich baseball related history, <br />having been formed over a hundred years ago to advance professional baseball; and <br />C. WHEREAS, MLB has or prior to the Effective Date will purchase the <br />membership interest in Verotown; and <br />D. WHEREAS, between 1949 and 2008, the Los Angeles Dodgers (formerly known <br />as the Brooklyn Dodgers) conducted spring training operations and played their spring training <br />home games at the Facility; and <br />E. WHEREAS, the County, MLB and the community in general desire to preserve <br />the rich traditions and history of "Dodgertown" and the Facility and recognize that the benefits to <br />the local community of continuing baseball, athletic and conference operations at the Facility are <br />
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