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40 <br />L-1 <br />teal property generally reknrd to as Dodgertown, and as more particularly described in Exhibit A attached <br />hereto. <br />NOW, THEREFORE, in consideration of the mutual covenants ofthis Agreement, the County and <br />the {City agree as follows: <br />SECTION 1. RECITALS. The foregoing recitals set for above are hereby incorporated herein <br />by reference as if fully set forth herein. <br />SECTION 2. DEFINITIONS. <br />(A) AGREEMENT shall mean this Interlocal Agreement. <br />(B) BONDS shall mean the Revenue Bonds to be issued by the County to provide net bond <br />proceeds in the amount of Seventeen Million and no/100 Dollars ($17,000,000.00) <br />(C) BUSINESS DAY shall mean any day other titan a day on which the City, the County or <br />banks located in the State of Florida are authorized or required to close. <br />(D) DOCUMENT ESCROW AGREEMENT shall mean that certain Document Escrow <br />Agreement dated as of September 1, 2000, between the City, the County, Los Angeles Dodgers, inc., Fox <br />Baseball Holdings, Inc. and de Guardiola Development, Inc., pursuant to which the agreements set forth <br />therein, including this Agreement, are subject to certain conditions prior to the satisfaction of which none <br />of such agreements shall be enforceable against any party. <br />(E) FACILITY or FACILITIES shall mean the baseball spring training facility generally known <br />as "Dodgenown" and as mom particularly described on Exhibit "B" attached hereto. It is understood that, <br />as the transactions contemplated by this aLueement are ptusued, the meaning of"Facility"or "Facilities" <br />shall expand to include all improvements to Dodgertown made after the execution of this agreement, <br />(F) GRANT shall mean the portion of the local contribution toward the acquisition of the <br />Facility by the County which is to be paid by the City in accordance with the terms hereof. <br />(G) GRANT AMOUNT shall mean the sum of One Million Four Hundred Thousand and <br />no�100 Dollars (51,400,000.00). <br />(H) LAND shall mean that certain parcel of real property consisting of approximately 64.03 <br />acres more particularly described on Exhibit "A" attached hereto. <br />(1) MEMORANDUM OF UND%RSTANDING shall mean that certain Memorandum of <br />Understanding dated as of July 24, 2000, between the City, the County, Los Angeles Dodgers, Inc., Fox <br />Baseball Holdings, Inc. and de Guardiola Development, Inc. <br />Page 2 of b <br />do, y <br />