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4W <br />I <br />THIS DEVELOPMENT AGREEMENT is made and entered into as of this IA day of <br />September, 2000, by and between INDIAN RIVER COUNTY, FLORIDA, a political subdivision <br />of the State of Florida (hereinafter referred to as the "County"), and LOS ANGELES DODGERS, <br />INC., a Delaware corporation (hereinafter referred to as the "Dodgers"). <br />WITNESSETH:. <br />a <br />WHEREAS, the County has leased certain real property owned by the County to the <br />Dodgers pursuant to the Facility Lease Agreement dated as of September 1, 2000; and <br />WHEREAS, such real property is being leased to tate Dodgers partially for the purpose of <br />the Dodgers, subject to the prior approval of the County, designing and constructing certain <br />Improvements to the existing facilities currently known as "Dodgertown" (the "Project," as <br />1 hereinafter defined) using the funds specified herein; and <br />V WHEREAS, the Dodgers have agreed to facilitate design and construction of the Project as <br />provided herein; and <br />WHEREAS, the Dodgers have agreed to bear the expense and responsibility for the Project <br />Cost to the extent those costs exceed the amount of public rands available for the Project, as provided <br />herein; and <br />i <br />WHEREAS, the County and the Dodgers desire to establish a framework whereby the <br />Project will be designed and constructed by a Design Build Firm; and <br />WHEREAS, the Dodgers will oversee and manage all aspects of the Project, subject to the <br />provisions hereof; and <br />4 <br />r NOW, THEREFORE, for and in consideration of the premises and mutual covenants <br />hereinafter contained, and subject to the conditions herein set forth, the parties do hereby covenant, <br />agree, and bind themselves as follows: <br />