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i 40 40 l NOW, THEREFORE, in consideration of the mutual covenants of this Agreement, the I County and the City agree as follows: A SECTION I. RECITALS. The foregoing recitals set for above are hereby incorporated herein by reference as if fully set forth herein. I I SECTION 2. DEFINITIONS. (A) AGREEMENT shall mean this Interlocal Agreement. + (B) BONDS shall mean the Revenue Bonds to be issued by the County to provide net bond proceeds in the amount of Seventeen Million and no/100 Dollars ($17,000,000.00) (C) BUSINESS DAY shall mean any day other than a day on which the City, the County Cor banks located in the State of Florida are authorized or required to close. (D) DOCUMENT ESCROW AGREEMENT shall mean that certain Document Escrow Agreement dated as of September 1, 2000, between the City, the County, Los Angeles Dodgers, Inc., Fox Baseball Holdings, Inc, and de Guardiola Development, Inc., pursuant to which the agreements set forth therein, including this Agreement, are subject to certain conditions prior to the satisfaction of which none of such agreements shall be enforceable against any party. (E) FACILITY or FACILITIES shall mean the baseball spring training facility generally I known as "Dodgertown" and as more particularly described on Exhibit "B attached hereto. It is 4 understood that, as the transactions contemplated by this agreement are pursued, the meaning of "Facility" or "Facilities" shall expand to include all improvements to Dodgertown made after the " execution + of this agreement. I. (F) GRANT shall mean the portion of the local contribution toward the acquisition of the Facility by the County which is to be paid by the City in accordance with the terms hereof. I (G) GRANT AMOUNT shall mean the sum of One Million Four Hundred Thousand and no/100 Dollars ($1,400,000.00). i (H) LAND shall mean that certain parcel of real property consisting of approximately r 64.03 acres more particularly described on Exhibit "A" attached hereto. (I) MEMORANDUM OF UNDERSTANDING shall mean that certain Memorandum of Understanding dated as of July 24, 2000, between the City, she County, Los Angeles Dodgers, Inc., Fox Baseball Holdings, Inc. ind de Guardiola Development, Inc. 1 (J) SALE PROCEEDS shall mean, with respect to a disposition of the Land and Facilities i" or any portion thereof by the County, the actual net proceeds received by the County for such t - Page 2 of G L