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0 <br />1 <br />Prepared By: <br />Santiago Fernandez, Esq. <br />Senior Vice President & General Counsel <br />Los Angeles Dodgers, Inc. <br />1000 Elysian Park Avenue <br />Los Angeles, California 90012 <br />Record and Return to: <br />�p Robert C. Reid, Esq. <br />,J Bryant, Miller & Olive, P.A. <br />201 South Monroe Street, Suite 500 <br />Tallahassee, Florida 32301 <br />FACILITY LEASE AGREEMENT <br />1% THE RMor:^5 CIF <br />JET'' I Ei K. Bl,h <br />CLUiK CI113UIT COUNT <br />6:Gint� 111VER CO., FLA. <br />This FACILITY LEASE AGREEMENT ("Agreement") is made as of this 1st day of <br />September, 2000, by and between Indian River County, Florida, a political subdivision of the State <br />of Florida (hereinafter referred to as the "County"), and Los Angeles Dodgers, Inc., a Delaware <br />corporation (hereinafter referred to as the "Dodgers"). <br />RECITALS <br />A. NNTIEREAS, the Dodgers own and operate the Major League Baseball team known <br />as the "Los Angeles Dodgers' (the "Team"); and <br />B. WHEREAS, since 1949, the Dodgers have conducted the Team's spring training <br />operations and played their springy; training home games at the facility located in Vero Beach, Florida, <br />and known generally as "Dodgertowr ' (the "FaciliW); and <br />C. WHEREAS. the Count- and the Cit' of Vero Beach recognize that the benefits to the <br />local community of having the Team conduct its spring training operations at the Facility are unique <br />and diverse, and include, but are not limited to. entertainment for the community, the creation of new <br />jobs and increased employment opportunities, increased tourist trade and promotional opportunities, <br />direct and indirect tax revenues. and the enhancement of the community's image; and <br />D. N1'IIERI:AS. because of the aforementioned benefits to the communit•, the Countv <br />purchased the Facility pursuant to the Azi-eernent for Sale and Purchase dated September 1, 2(''00, <br />bet%%een the Dodgers and the Count', and "ill incur the debt service specified in this Agreement to <br />fund the Improvements contemplated herein and in the Development Agreement. which <br />Improvements are specifically designed to accommodate the Teams spring training needs; and <br />Page I of 27 <br /> <br />Page 1 of 29 <br />N <br />l0 <br />N <br />O <br />a <br />5/25/2021 <br />