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2000-266B
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2000-266B
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Last modified
7/18/2024 3:17:25 PM
Creation date
7/16/2024 10:48:29 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/07/2000
Control Number
2000-266B
Agenda Item Number
10.B.2.
Entity Name
Dodgetown
Los Angeles Dodgers, Inc.
Subject
Facility Lease Agreement
Development
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CJ <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 />Robert C. Reid, Esq. <br />Bryant, Miller & Olive, P.A. <br />201 South Monroe Street. Suite 500 <br />Tallahassee, Florida 32301 <br />FACILITY LEASE AGREEMENT <br />This TACH-ITY LEASE AGREEMENT {"Agreement") is made as of this Ist day of September. <br />2000, by and between Indian River County, Florida, a political subdivision of the State of Florida <br />(hereinafter referred to as the "County"), and Los Angeles Dodgers, Inc., a Delaware corporation <br />(hereinafter referred to as the "Dodgers"). <br />RECITALS <br />A. WHEREAS, the Dodgers own and operate the Major League Baseball team known as <br />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 theirspring training home games at the facility located in Vero Beach. Florida. and <br />known generally as "Dodgertown" (the "Facility"); and <br />C. WHEREAS, the County and the City of Vero Beach recofmtze that the bene Fits to the local <br />community of having the Team conduct its spring training operations at the Facility are unique and diverse. <br />and include. but are not limited to, entertainment for the community. the creation of new jobs and increased <br />employment opportunities, increased tourist trade and promotional opportunities, direct and indirect tax <br />revenues. and the enhancement of the community's image: and <br />D. WHEREAS, because of the aforementioned benefits to the community, the County <br />purchased the Facility pursuant to the Agreement for Sale and Purchase dated September 1, 2000, <br />between the Dodgers and the County, and will incur the debt service specified in this Agreement to fiend <br />the Improvements contemplated herein and in the Development Agreement, which Improvements are <br />specifically designed to accommodate the Team's spring training needs: and <br />E. WHEREAS, in recognition ofthe commitment made to the Team by the County and the <br />Page 1 of 25 <br />6207 <br />
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