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Cj Question 2. The W_piicani has a verified co-vai�siipte a- eraent will, a relarrtc=r! s�rxt��r <br />trarning rcrrrc i.se err use (,)f the Lac <br />j1dy for a IeLtn of at least 15 yeqrs. <br />Included in the appendix under Tab D is a signed copy of the Facility Lease Agreement <br />between the County and the Dodgers. The Facility Lease has an initial term of approximately twenty <br />C " (20) years which provides for the conduct of twenty-one (2 1) spring training seasons, plus four (4), <br />five-year (5) lease extensions. As a result, the Facility Lease contemplates a forty (40) year <br />I arrangement between the County and the Dodgers for use of Dodgertown as the Dodgers' spring <br />training site. Although the Facility Lease requires an annual rent payment to the County of one dollar <br />($1.00) per year, the Dodgers have additionally committed themselves to maintaining and operating <br />I Dodgertown at the sole cost and expense of the Dodgers. Based on historical records, it is estimated <br />that the costs of such maintenance and operation is approximately $934,000 per year. <br />In order to assure that the Dodgers will continue to use Dodgertown for their spring training <br />activities, the Facility Lease provides for the payment by the Rodgers of liquidated damages to the <br />County in the event the (lodgers cease using Dodgertown for their sprint; training activities at any <br />time during the initial twenty (20) year term. The amount of liquidated damages is established at the <br />amount of funds that would be required by the County to defease its Bonds, the proceeds of which <br />are to finance the cost of acquisition of Dodgertown and the improvements thereto- (See: Tab D) <br />The specific terms of the Facility Lease are found in Tab D of the appendix. <br />2-1 <br />