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F-3 <br />r <br />0 <br />INTERLOCAL AGREEMENT <br />This INTERLOCAL AGREEMENT {"Agreemenf 1, is made as of tWs I st of September, 2000, <br />by and between the CITY OF VERO BEACH, FLORIDA, a municipal corporation organized and existing <br />under the laws of the State of Florida (the "City"), and INDIAN RIVER COUNTY, FLORIDA, a <br />political subdivision of the State of Florida (the "County"). <br />WITNESSETH: <br />WHEREAS. the City is a municipal corporation created and existing pursuant to Chapter 166, <br />Florida. Statutes, exercising such powers through its City Council; and <br />WHEREAS, the County is a political subdivision of the State of Florida, exercising powers under <br />Chapter 125. Florida Statutes through its Board of County Commissioners; and <br />WHEREAS, pursuant to Chapter 163. Part 1. Florida Statutes {the "Cooperation Act"), the City <br />and the County are authorized to enter into interlocal cooperation agreements in order to undertake joint <br />actions. and <br />WHEREAS, the City and the County, together with Los Angeles Dodgers, Inc., Fox Baseball <br />Holdings, Inc. and de Guardiola Development, Inc., entered into that certain Memorandum of <br />Understanding dated as of July 24, 2000 (the "Memorandum of Understanding'), pursuant to which the <br />City and the County agreed to undertake certain steps to implement the agreements set forth in the <br />;klemorandum of Understanding: and <br />W HEREAS, it is the purpose of the Cooperation Act to provide for a means by which the County <br />and the City may exercise their respective powers, pnvileges and audim ities which they share in common <br />and which each might exercise separately; and <br />WI I} REAS, it is the purpose and intent of this Agreement to set fonh the terms under which the <br />City v.iII fond a grant to the County in the amount of S 1.400.000 and the City will obtain an interest in the <br />lands to be acquired by the County in accordance with the Memorandum of Understanding, permitting the <br />County and the City to make the most efficient use of thew respective resources and capabilities by enabling <br />them to cooperate on the basis of mutual advantage and thereby to facilitate die County's acquisition of the <br />Prepared by and return to: <br />Robert C. Reid, Esq. <br />Bryant, Miller and ©live, P.A. <br />201 S. Monroe Street, Suite 500 <br />Tallahassee, Florida 32301 <br />Page I of 6 <br />