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F-1 <br />4W <br />i <br />shall be constructed in three (3) phases. phase 1 shall consist of an approximately 120 room hotel and tip <br />to a 40,OOO square foot conference facility. Phase H shall consist of approximately 250 multifamily market <br />rate rental units, and Phase Ill shall consist of retail, restaurant, and entertainment facilities which will <br />convert the remaining Adjacent Land into a fully functioning " ri ni-town". The Developer anticipates that <br />Phase I and Phase Il will commence immediately upon the acquisition of the Adjacent Land by the <br />Developer, but the commencement of construction shall be contingent upon the County's actttai issuance <br />of the Bonds and its acquisition of the Land. The Developer anticipates that Phase I will take <br />approximately twelve (12) months to complete from the date that building permits are issued. <br />(C) Based upon the Developer's preliminary discussions with planning and zoning <br />representatives of the City, it is anticipated that the scope of the Collateral Development will be approved <br />and buiIding perntits issued under exi sting Ci ty zoning and comprehensive plan categories for the Adjacent <br />Land. If, however, it is detem-ined that the scope of the Collateral Development will require zoning or <br />other land use changes, and such changes cannot be accomplished within sixty (60) days (or such later date <br />as may be acceptable to the County and the Dodgers) after the County obtains certification from the Office <br />ofTourism that the Land and Existing Facilities constitute a "facil-ity for a retained spring training franchise" <br />as described in Section 288.1162, Florida Statutes, then all of the parties shall immediately be relieved of <br />their obligations under this Memorandum of Understanding, the "Project Agreements" (as defined in <br />Section 8(1), below), and/or any subsequent agreements executed in accordance with this Memorandum <br />of Understanding. <br />(D) The Developershall incorporate theambiance and tradition ofDodgertown, including, <br />without limitation,the Dodgers' name, trademarks, servicemarks, tradenames, insignia, symbols, logos, <br />decorative designs, trade dress, and uniform designs (collectively, the "Dodgers Marks"), into the design <br />of the Collateral Development, the objective of the parties being to integrate the Facility with the Collateral <br />Development so as to create a uniform look and feel for both. The Dodgers shall have the right to review <br />and approve, at their sole discretion, each and every use of the Dodgers' Marks by the Developer. As <br />pan of the separate agreements to be negotiated and executed between the Dodgers and the Developer,. <br />there shall be (1) a Declaration of Covenants, Conditions and Restrictions burdening the Adjacent Land <br />and the Developer's use thereof, and (2) a licensing agreement covering the Developer's use of the <br />Dodgers' Marks, which rights shall be granted to the Developer for not more than One Dollar ($1.00) per <br />year. <br />Section 5. Parking ArrArrreement <br />In order to provide sufficient parking for all events at Holman Stadium and, in general, for the <br />Dodgers' use of the Facility, the City, the County, the Dodgers, and the Developer shall enter into a four. <br />way Parking Easement Agreement (the "Parking Agreement") pursuant to which the parties shall grant each <br />other the use of certain parking spaces on the Land and the Adjacent Land. The Parking Agreement shall <br />be supported by cross easements between the parties on tho�ir respective properties. The Parking <br />Agreement shall regulate the charges for all panting, and all revenues derived from parking in connection <br />Page 6 or 12 <br />