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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
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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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any County Improvements and Verotown Improvements in accordance with the terms <br />hereof, with no other warranty from the County as to condition. <br />(g) Verotown shall repair, replace, provide and maintain, at its expense, all <br />equipment necessary to perform its responsibilities hereunder; and such equipment will at <br />all times be deemed to be included as a part of the FF&E and run with and be a part of <br />the Facility; provided, however, upon the termination of this Agreement, any Verotown <br />Equipment (exclusive of fixtures) which has been purchased and paid for by Verotown <br />with funds other than the funds provided by the County, may be identified and removed <br />by Verotown upon notice to the County. <br />(h) Except as may be provided in this Agreement, Verotown shall not <br />undertake any Capital Improvements to the Facility without the permission of the <br />County, which permission shall, when not otherwise governed by this Agreement, not be <br />unreasonably withheld, unreasonably conditioned or unreasonably delayed. <br />(i) If the County reasonably believes that Verotown's failure to comply with <br />any of its obligations under this Agreement involves a "life safety issue," as defined <br />below, the County shall immediately notify Verotown in writing and shall have an <br />immediate right to correct the life safety issue. The reasonable and necessary costs and <br />expenses incurred by the County in correcting the life safety issue will be due and <br />payable by Verotown to the County first through funds in the Capital Reserve Account, <br />and, if the funds in the Capital Reserve Account are insufficient to cover such costs and <br />expenses, second through written demand to Verotown, which shall be paid within thirty <br />(30) days after submission of the written demand by the County to Verotown. If such <br />amount is not paid when due, it will bear interest at the prime rate published by the Wall <br />Street Journal from time to time from the date that Verotown received the County's <br />statement until the date payment is made. For purposes of this Agreement, a "life safety <br />issue" means a situation which imposes an immediate threat of bodily harm or death to <br />any users or occupants of the Facility. <br />0) Except as otherwise expressly authorized in this Agreement, Verotown <br />shall not construct any additional buildings or structures on any portion of the Facility, or <br />make any structural or exterior changes to the Facility, without the prior written approval <br />of the County, which approval will not be unreasonably withheld, unreasonably <br />conditioned or unreasonably delayed. Verotown shall not make major alterations or <br />modifications to the Facility without the prior written approval of the County, which <br />approval will not be unreasonably withheld, unreasonably conditioned or unreasonably <br />delayed. All such permanent improvements, alterations, or additions placed on the <br />Facility by Verotown will be conveyed by Verotown to the County by a quit -claim deed <br />upon the completion of such improvements, alterations or additions. <br />(k) On or before the expiration date of this Agreement, or its earlier <br />termination as provided herein, Verotown shall remove all of its personal goods and <br />effects including any equipment (exclusive of fixtures and FF&E) which have been <br />purchased or paid for by Verotown with funds other than funds provided by the County, <br />11 <br />
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