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2000-266E
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2000-266E
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Last modified
7/18/2024 3:18:31 PM
Creation date
7/16/2024 10:58:30 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Miscellaneous
Approved Date
09/07/2000
Control Number
2000-266E
Agenda Item Number
10.B.5.
Entity Name
Dodgertown
Los Angeles Dodgers, Inc.
Subject
Document Escrow
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40 <br />4W <br />DOCUMENT ESCROW AGREEMENT <br />THIS DOCUMENT ESCROW AGREEMENT ("Document Escrow Agreement"), is made <br />as of September 1, 2000, by and between INDIAN RIVER COUNTY, FL OREM, a political subdivision <br />ofthe State of Florida (the "County"), CITY OF VERO BEACH, FLORIDA, a municipal corporation <br />organized and existing under the laws of the State of Florida (the "City"}, LOS ANGELES DODGERS, <br />INC„ a Delaware corporation (the "Dodgers"), FOX BASEBALL HOLDINGS, INC., a Delaware <br />corporation ("Fax"), DE GUARDIOLA DEVELOPMENT, INC,, a Florida corporation (the <br />"Developer") and BRYANT, MILLER AND OLIVE, P.A., a Florida professional corporation (the <br />"Agent"). <br />WITNESSETH: <br />WHEREAS, the County, the City, Fox, the Dodgers and the Developer (each a Party and <br />collectively, the "Parties") have entered into the Memorandum of Understanding dated as of July 24, 2000, <br />to acquire. renovate and improve the "Dodgenown" spring training facilities and other property located <br />in Indian River County, Florida. and this Document Escrow Agreement shall serve to effect the transactions <br />contemplated thereby: and <br />WHEREAS, the Dodgers and the County have entered into that certain Agreement for Sale and <br />Purchase dated as of September 1, 2000 Rahe "County Agreement for Sale and Purchase"); and <br />WHEREAS, Fox, the Dodgers and the Developer have entered into that certain Agreement for <br />Sale and Purchase dated as of September 1, 2000 (the "Developer Agreement for Sale and Purchase"); <br />and <br />WHEREAS, in order to facilitate the transactions contemplated by the Memorandum of <br />Understanding, the County Agreement for Sale and Purchase and the Developer Agreement for Sale and <br />Purchase, and the other Escrow Documents as hereinafter defined, the Partes enter into this Document <br />Escrow Agreement to provide for the escrow ofah documents necessary to close in conjunction with the <br />County's authonz.°ttion to sell revenue bonds or otherwise: issue obligations to fund the purchase price under <br />the Countv Agreement for Sale and Purchase and the Construction Fund under the Development <br />Agreement (the "Bonds"), and <br />WHEREAS, Agent has been selected by the County to issue an owner's title insurance policy <br />covering all real property interests identified in the County Agreement for Sale and Purchase. <br />NOW THEREFORE, in consideration ofthe mutnMl promises, covenants, representations and <br />agrectnentscontained herein, together with 510.00 and other good and valuable consideration exchanged <br />amongst the Parties, the Patties to this Document. Escrow Agreement undertake, promise and agree for <br />themselves or their permitted successors and assigns as follows: <br />
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