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40 <br />40 <br />PARKING AGREEMENT <br />This Parking Agreement ("Agreement") made as ofthis 1st day of Septernber, 2000, by and among <br />de GUARDIOLA DEVELOPMENT, INC., a Florida corporation (the"Developer"), LOS ANGELES <br />DODGERS, INC., a Delaware corporation (the "Dodgers") and INDIAN RIVER COUNTY, <br />FLORIDA, a political subdivision of the State of Florida (the "County"). <br />WHEREAS, the County intends to acquire or is the ownerof a baseball spring training facility <br />known as "Dodgertown" (the "Facility") located on the real property described on Exhibit A hereto (the <br />"County Property"); and <br />WHEREAS, the County intends to or has leased the County Property and the Facility to the <br />Dodgers pursuant to a Facility Lease Agreement dated as of September 1, 2000, a copy of which shall be <br />recorded in the Public Records of Indian River County, Florida (the "Lease"); and <br />WHEREAS,. the Developer intends to acquire or is the owner of certain real property located <br />adjacent to the County Property more particularly described on Exhibit 8 hereto (the "Adjacent Properly"). <br />on which the Developer is intending to construct a three phase development consisting of hotel and <br />conference facilities, multifamily residential housing, entertainment and retail facilities i the "Collateral <br />Development"); and <br />WHEREAS, the County, the Dodgers, and the Developer desire to make sure that adequate <br />parking is readily available for all anticipated events at the Facility as well as at the Collateral Development; <br />and <br />WHEREAS, the patties hereto desire to provide for such parking through a Declaration of <br />Easements for Parking (the "Declaration") to encumber both the County Property and the Adjacent <br />Property, the form of which will be prepared in accordance with the City of Vero Beach, Florida (the <br />"°Ciry") Code of Ordinances regarding parking requirements, as part of the anticipated site plan approval <br />process; and <br />WHEREAS, die Declaration is intended to assure the parties hereto that adequate parking forthe <br />Facility and the Collateral Development will be available; and <br />NOW, THEREFORE, for and inconsideration of Ten Dollars 1510.00) in hand paid, as well as <br />other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each <br />of the parties hereto agree as follows: <br />1. The foregoing recitals are true and correct and incorporated herein by reference. <br />33LI <br />