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2000-266F
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2000-266F
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Last modified
7/18/2024 3:19:27 PM
Creation date
7/16/2024 11:00:56 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/07/2000
Control Number
2000-266F
Agenda Item Number
10.B.6.
Entity Name
Dodgertown
Los Angeles Dodgers, Inc.
Subject
Capital Reserve Account Agreement
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To the extent the lodgers elect to obtain reimbursetuent for the costs of any repair or replacement <br />from the Capital Deserve Account rather than with funds provided by the Dodgers, the County agrees to <br />approve such Requisition so long as (i) the payee thereunder is a third patty provider of goods or service, <br />and (ii) the repair or replacement constitutes a capital expenditure, and the County shall consider approval <br />of any other Requisition for the cost of a repair or replacement, each upon delivery of the back-up material <br />required to be submitted with all Requisitions for costs of a repair or replacement. <br />S. AssjWn►ent. The patties lie reto acknowledge that no party may assign its rights hereunder <br />without the prior written consent of the other parties hereto, and that, upon such assignment, the assigning <br />party's assignee will succeed to all of the assigning party's rights under this Capital Reserve Account <br />Agreement. <br />6. cgs of " pital Reserve Account Avent. In consideration of its services as Capital Reserve <br />Account Agent hereunder, tate Capital Reserve Account Agent shall be entitled to fees and expenses <br />agreed upon by the C'anital Reserve Account Agent, (11S County and the Dodgers, as set forth in Exhibit <br />D hereto, and tate fees -<rtd-e7rpc� of the Capital Reserve Account Agent will be paid <br />from funds on deposit in the Capital Reserve Account in accordance with such fee schedule. If for any <br />reason funds in the Capital Reserve Account are insuf#i ient to cover such SoLonensation and <br />reimhursernent, the Rodgers shall nrornntly pay such a-rnrougts to the Canital Reserve Account <br />_AggjiLunan reccint of ai itemized invoice. — <br />7. 1 literpleader in case any dispute shall arise between or among the County and the <br />[lodgers as to the disposition of funds deposited under this Capital Reserve Account Agreement, the <br />Capital Deserve Account Agent shall have the right, hitt shall not t1e nliligatcd, to bring all action in a <br />court of competentgurisdiction located in Indian River County, Florida, to interplead the parties hereto and <br />anyother persons to resolve such dispute. Any costs orexpenses incurred in connection with any such <br />action t not 11mite(lany exLlgnses and reaspriahly attorneyfees. 1 i h <br />Capital Reserve Account Agent, shall be paid by the unsuccessful party in the dispute. <br />(a) This. Capital Re crve Account Agreement shall be: construed in accordance with, and <br />governed by the laws of, the State of Florida. <br />(b) The Capital Reserve Account Agent, as a part of the consideration for the acceptance of <br />this Capital Reserve Account Agreement, shall not be liable for any acts or omissions done in good faith, <br />nor for any claims, demands or losses, nor for any damages made or suffered by any party to this Capital <br />Reserve Account Agreement, excepting such as may arise through or be caused by its willful misconduct <br />or gross negligence._ Any obligations of Oe Countv,gild/or tile IlodgeU under this Cat ital RUSH <br />Account Ag gement t4 tate Gaolta14teceryc Account Ag nt sliali survive giv termination of this <br />Account ir. i n th , r , i gnatia n or - MYLQ�t;aLqf Q,Pital Hume Account <br />
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