Laserfiche WebLink
Page 15 of 29 <br />Training Franchise Facility. The County shall pay for the Improvements, but its obligation shall be <br />limited to providing Seven Million Dollars ($7,000,000) of net Bond proceeds, together with any <br />portion of the Capital Reserve Account determined by the County and the Dodgers to be needed for <br />such purpose. The Improvements shall be commenced and completed in accordance with the <br />Development Agreement. The Dodgers shall (a) pay any additional costs ofthe Improvements beyond <br />such S7,000,000 and the funds in the Capital Reserve Account, and (b) be solely responsible for the <br />costs of any additional improvements voluntarily undertaken by the Dodgers at the Facility. Subject <br />to the foregoing conditions, the Dodgers, with the assistance of the County as provided in the <br />Development Agreement, shall cause the construction of the Improvements to be completed by <br />February 15, 2002, or such later date as may be determined by the Dodgers with approval of the <br />County, which approval shall not be unreasonably withheld. <br />ARTICLE IX <br />DOCUZ4ENTS AID CERTIFICATES <br />Section 9.01. Documents. and Certificates_ Each party shall supply to the other such <br />documents and certificates as are reasonably available or procurable, and necessary for the purpose <br />of obtaining certificates from the State of Florida Office of Tourism, for the issuance of the Bonds, <br />or for any other purpose reasonably related to the obligations of the parties hereunder, including, but <br />not limited to, the County's funding or administration of this Agreement and ownership of the <br />Facility, or to consummate the transactions described in this Agreement. <br />ARTICLE X <br />DEFAULT/REMEDIES <br />Section 10.01. Dodgers' Default. The occurrence of anyone or more of the following events <br />constitutes a "Default"' by the Dodgers under this Agreement.- <br />(a) <br />greement: <br />(a) Failure by the Dodgers to observe or perform in any material respect any <br />covenant, agreement. condition, or provision of this agreement, if such failure continues for <br />thirty (30) days after written notice thereof has been delivered by the County to the Dodgers, <br />provided, however, that the Dodgers shall not be in Default with respect to matters which <br />cannot reasonably be cured within thirty (30) days so long as within such thirty (30) day <br />period, the Dodgers commence such cure and diligently proceed to complete the same <br />thereafter, <br />(b) The levy upon. under execution or the attachment by legal process, the <br />Dodgers' interest hereunder, or the filing or creation of a lien in respect of such interest, — <br />%%hich levy, attachment. or lien is not released. discharged or bonded against within one Nip <br />hundred eight- (1 80) days from the date of such filing. <br />-70 <br />0 <br />cn <br />cA <br />Page 15 of 27 <br />https://ori.indian-river.org///Document/GetDocumentForPrintPNG/?request=AQAAANC... 5/25/2021 <br />