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i <br />40 <br />INTERLOCAL AGREEMENT <br />This INTERLOCAL AGREEMENT ("Agreement"), is made as of this Ist of September, <br />2000, by and between the CITY OF VERO BEACH, FLORIDA, a municipal corporation organized <br />and existing under the laws of the State of Florida (the "City"), and INDIAN RIVER, COUNTY, <br />FLORIDA, a political subdivision of the State of Florida (the "County"). <br />WITNESSETH: <br />WHEREAS, the City is a municipal corporation created and existing pursuant to Chapter 166, <br />Florida Statutes, exercising such powers through its City Council; and <br />WHEREAS, the County is a political subdivision of the State of Florida, exercising powers <br />under Chapter 12.5, Florida Statutes through its Board of County Commissioners; and <br />WHEREAS, pursuant to Chapter 163, Part I, Florida Statutes (the "Cooperation Act"), the <br />City and the County are authorized to enter into interlocal cooperation agreements in order to <br />undertake joint actions; and <br />WHEREAS, the City and the County, together with Los Angeles Dodgers, Inc., Fox Baseball <br />Holdings., Inc. and de Guardiola Development, Inc., entered into that certain Memorandum of <br />Understanding dated as of July 24, 2000 (the "Memorandum of Understanding'), pursuant to which <br />the City and the County agreed to undertake certain steps to implement the agreements set forth in <br />the Memorandum of Understanding; and <br />WHEREAS, it is the purpose of the Cooperation Act to provide for a means by which the <br />County and the City may exercise their respective powers, privileges and authorities which they share <br />in common and which each might exercise separately; and <br />WHEREAS, it is the purpose and intent of this Agreement to set forth the terms under which <br />the City will fund a grant to the County in the amount of $1,40©,000 and the City will obtain an <br />interest in the lands to be acquired by the County in accordance with the Memorandum of <br />Understanding, permitting the County and the City to make the most efficient use of their respective <br />resources and capabilities by enabling them to cooperate on the basis of mutual advantage and thereby <br />to facilitate the County's acquisition of the real property generally referred to as Dodgertown, and <br />as more particularly described in Exhibit A attached hereto. <br />i_ <br />Prepared by and return to: <br />f Robert C. Reid, Esq. <br />l� Bryant, Miller and Olive, P.A. <br />201 S. Monroe Street, Suite 500 <br />L Tallahassee, Florida 32301 <br />Page 1 of 6 <br />