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10.B. LEGAL COUNSEL FORNEGOTIATIONS WI MDODGERS ORGANIZATION FOR ACQUISITION OF SPRING TRAINING FACILITY - BRYANT, MILLER & OLIVE, P.A. The Board reviewed a Memorandum of August 9, 2000: TO: Board of County Commissioners DATE: August 9, 2000 SUBJECT: Legal Counsel for Negotiations with Dodgers Organization for Acquisition of Spring Training Facility FROM: Joseph A. Baird, Assistant County Administrator - Staff has been utilizing the firm of Bryant, Miller & Olive as legal counsel in the negotiations and drafting the Memorandum of Understanding with the Dodgers. They are currently Indian River County's Bond Counsel. Bryant, Miller & Olive has extensive background in stadium negotiations and financing. It is staff `s opinion it would be in the County's best interest, would be more efficient, and would save money by utilizing this firm in negotiations and as Bond Counsel. Bryant Miller & Olive had agreed to work on the negotiations for a fee of up to $5,000 if the Dodgers Memorandum of Understanding was not reached. In the event that an agreement was reached, they would be reimbursed for their time which is $30,644.53 through July 28, 2000. The firm has agreed to the following: 1) Real Estate Fee.7 $7,500 would be the charge for Real state Closing 2) Services Rendered for Negotiations. Agreements, State Application. etc. - $150/hr. for partner, $125/hr. for associate, $50/hr. for legal assistant plus reimbursement for out-of- pocket expenses (i.e. telephone, telecopier, photocopies, courier service and travel) 3) Bond Counsel — Fee of $1.40 per 1,000 principal amount of bonds issued, plus an expense reimbursement amount of $3,500. Recommendation It is recommended the Board of County Commissioners approve Bryant, Miller & Olive as legal counsel and bond counsel on the negotiations with the Dodger organization for acquisition of the spring training facility and the back payment for the time already spent. August 15, 2000 73