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M EI shall be constructed in three (3) phases. Phase [ shall consist of an approximately 120 room hotel and up to a 40,000 square foot conference facility. Phase Il shall consist of approximately 250 multifamily market rate rental units, and Phase iII shall consist of retail, restaurant, and entertainment facilities which will convert the remaining Adjacent Land into a fully functioning "mini -town". The Developer anticipates that Phase I and Phase 11 will commence immediately upon the acquisition of the Adjacent Land by the Developer, but the commencement of construction shall be contingent upon the County's actual issuance of the Bonds and its acquisition of the Land. The Developer anticipates that Phase I will take approximately twelve (12) months to complete from the (late that building permits are issued. (C) Based upon the Developer's preliminary discussions with planning and zoning representatives of the City, it is anticipated that the scope of the Collateral Development will be approved and building pem-iits issued wider existing City zoning and comprehensive plait categories for the Adjacent Land. If, however, it is determined that the scope of the Collateral Development will require zoning or other land use changes, and such changes cannot be accomplished within sixty (60) days (or such later date as may be acceptable to the County and the Dodgers) after the County obtahis certification from the Office of -Tourism that the Land and Existing Facilities constitute a "facility for a retained spring training franchise" as described in Section 288.1162, Florida Statutes, then all of the parties shall immediately be relieved of their obligations under this Memorandum of Understanding, the "Project Agreements" (as defined in Section 8(E), below), and/or any subsequent agreements executed in accordance with this Memorandum of Understanding. (D) The Developershall incorporate the ambiance and tradition of Dodgertown, including, without limitation, tate Dodgers' name, trademarks, service marks, trade names, insignia, symbols, logos, decorative designs, trade dress, and unifomt designs (collectively, the "Dodgers Marks"), into the design of the Collateral Development, the objective of the parties being to integrate the Facility with the Collateral Development so as to create a uniform look and feel for both. The Dodgers shall have the right to review and approve, at their sole discretion, each and every use ofthe Dodgers' Marks by the Developer. As part of the separate agreements to be negotiated and executed between the Dodgers and the Developer, there shall be (1) a Declaration of Covenants, Conditions and Restrictions burdening the Adjacent Land and the Developer's use thereof, and (2) a licensing agreement covering. the Developer's use of the Dodgers' Marks, which rights shall be granted to the Developer for not more than. One Dollar (S 1.00) per year. Section 5. Parking Avreem-ent hr order to provide sufficient parking for all events at I lolman Stadium and, in general, for the Dodgers' use of the Facility, the City, the County, the Dodgers, and the Developer shall enter into a four- way Parking Easement Agreement (the "Parking Agreement") pursuant to which the parties shall grant each other the use of certain parking spaces on the Land and the Adjacent land. The Parking Agreement shall be supported by cross easements 'between the parties on their respective properties. The Parking Agreement shall regulate the charges for all parking, and all revenues derived from parking in connection Pap 6 of 12