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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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in the Capital Reserve Account shall be held by the Capital Reserve Account Agent for <br />the exclusive benefit of the County and disbursed to the County in accordance with <br />written instructions from the County Administrator or his/her designee. <br />(e) Upon the County's written request therefor, Verotown will provide a <br />summary of Capital Improvements projected to occur at the Facility within the twelve <br />(12) month period after such written request. <br />(f) The terms of this Section 8.03 shall survive the expiration or termination <br />of this Agreement. <br />Section 8.04. Count Improvements. <br />(a) The County, at its expense, will complete, to both parties' reasonable <br />satisfaction, the following County Improvements within three (3) years from the <br />Effective Date: <br />1. removal and replacement of the first base concession stand at Holman <br />Stadium with a like facility; <br />2. removal and replacement of the third base concession stand at Holman <br />Stadium with a like facility; <br />3. removal and replacement of the press box area of the main concession <br />stand at Holman Stadium with a like facility; <br />4. to the extent jointly identified by the parties on or before August 31, <br />2019, any mold remediation needed in the Existing Facility; and <br />5. at the County's sole discretion, it may either remove and replace or <br />demolish the TV platforms at Holman Stadium and, if demolished, <br />upon thirty (30) days prior written notice from Verotown, the County <br />shall provide up to two (2) camera lifts in locations to be determined <br />by Verotown during the Initial Term and any Renewal Terms at the <br />County's expense for use at Verotown Events at Holman Stadium for <br />up to twenty-five (25) days each calendar year. <br />(b) The County hereby finds that it is in the best interest of the County and its <br />citizens to waive the requirements for bids pursuant to the process defined by Indian <br />River County ordinance and hereby contracts with Verotown, as the lessee pursuant to <br />this Agreement, to oversee and manage the County Improvements consisting of the <br />roofing repair or replacement projects on the following buildings within the Existing <br />Facility (collectively, the "Buildings"), identified in Exhibit "A": <br />1. Vero Beach Dodger Office (Ticket Office, Locker Rooms, Gift Shop); <br />20 <br />
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