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_I <br />RECEIVED AT IRC -SEC <br />7--D y-" <br />TAXPAYERS' Mite <br />ASSOCIATION Item a <br />ESL 1A57IAJ2 <br />By Clerk <br />INDIAN RIVER COUNTY, INC. P.O. Box 1751- Vero Beach, FL 32961-1751 <br />561-564-2898 <br />Board of 011mo t <br />Bows Gfw does <br />PreWau <br />July 24, 2000 <br />aooen scr"n <br />I, Ylee Prealdsm <br />Ka►1bl6aen <br />e via Ant1"M Board of County Commissioners Indian River County <br />xarnevi Met City Council, Vero Beach <br />Treasurer <br />ROW veory ° j0""f0" <br />seasLadies and Gentlemen: <br />Thant euctmnan <br />While the Taxpayers' Association finds the proposed Memorandum of <br />Baa Gadrw <br />. Understanding relating to "Dodgertown" very interesting, before you proceed we urge <br />Jim GIDon <br />TwgGoN <br />you to consider what we believe are serious questions. <br />damst Grants <br />1. We urge you to retain an attorney who has had considerable experience in <br />r�da <br />MrWsen Breen <br />formulating transactions such as these to assure that the legal and financial <br />alamrd - — <br />"Vk Mi" <br />ramifications in the Agreement are in the best interest of the County and the City. We <br />Eftwd Trac <br />cannot over -emphasize how important is this first point. <br />2. We believe there should be a more severe penalty if the Dodgers renege on <br />any part of this Agreement, i.e., the Dodgers should be required to pay all costs <br />incurred by the County and City. In the event the Dodgers repurchase the Facility, the <br />amount of liquidated damages paid by the Dodgers should not be deducted from the <br />fair market value. <br />3. We believe this Agreement should be contingent on obtaining an "A" or <br />better bond rating. <br />4. It would seem that the funds generated by the tourist tax and the sales tax <br />BK 114 PG 314 <br />. JULY 24, 2000 -8- go <br />