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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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dated as of December 8, 1983, as amended, and the respective constitutions of the former <br />American and National Leagues of Professional Baseball Clubs) as the same may be <br />amended, supplemented or otherwise modified from time to time in the manner provided <br />therein and all replacement or successor agreements that may in the future be entered into <br />by the Major League Clubs. <br />(y) "MLB Entity" shall mean each of the BOC, Major League Baseball <br />Properties, Inc., The MLB Network, LLC, MLB Advanced Media, L.P., Tickets.com, <br />LLC, Verotown and/or any of their respective present or future affiliates, assigns or <br />successors and collectively referred to herein as the MLB Entities. <br />(z) "Parking License Agreement" means the agreement entered into as of June <br />1, 2011 and recorded in Official Records Book 2517, at Page 568 of the Public Records <br />of Indian River County, by and between the County and the City, which, inter alia, <br />governs use rights for the City Parking Property and is attached hereto as Exhibit `B." <br />(aa) "Price Index" shall mean the Consumer Price Index for all Urban <br />Consumers (1982-1984=100) for the South Region for all items except food and energy, <br />as published monthly by the U.S. Department of Commerce, Bureau of Labor Statistics. <br />(bb) "Price Index Change" shall mean the percentage change between the Price <br />Index in effect as of November 1 of the then -current year as compared to the Price Index <br />in effect as of November 1 of the prior year. <br />(cc) "Renewal Term" is defined in Section 2.02, below. <br />(dd) "Repairs or Replacements" means capital repairs or replacements made to <br />the fixtures, structures and/or improvements at the Facility, including the County <br />Improvements and Verotown Improvements upon their completion. <br />(ee) "Term" means the Initial Term and any Renewal Term. <br />(ff) "Verotown Events" means any and all events and activities held on the <br />premises of the Land and Facility including, without limitation, sports and non -sports <br />related events and activities, meetings and conferences, whether such events and <br />activities are conducted by the County, Verotown, an MLB Entity or any third party <br />using all or a portion of the Land and/or the Facility with the consent of Verotown. <br />(gg) "Verotown Improvements" means the improvements constructed or to be <br />constructed on the Existing Facilities or Land during the term of this Agreement, or any <br />extension thereof, as provided in Section 8.05 hereof. <br />5 <br />
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