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various scenarios regarding the economics of bond repayments and the County's and the <br />Dodgers' obligations and options. <br />Mr. Callan pointed out that the developer (de Guardiola) is paying 33% higher than <br />the appraisal value, and the Dodgers will be putting in $9 million in improvements. He could <br />not imagine that the land would not appreciate in value. <br />Vice Chairman Ginn wanted to thank Mr. Reid for a remarkable document which she <br />believed protected the County. She wanted the Dodgers to stay, but said she is <br />philosophically opposed to taxpayer buyouts. She was also concerned there might be other <br />businesses in the community who provide an "economic engine" and might come to the <br />County for similar or greater assistance. She thought the developer would do a good job but <br />could not vote in favor of the agreements. <br />MOTION WAS MADE by Commissioner Stanbridge, <br />SECONDED BY Commissioner Tippin, to adopt the proposed <br />resolution approving and authorizing the execution and delivery <br />of the agreements as listed, namely: Agreement for Sale and <br />Purchase, Facility Lease Agreement, Development Agreement, <br />Interlocal Agreement, Escrow Agreement, Capital Reserve <br />Account Agreement, and Parking Agreement. <br />Under discussion, Commissioner Stanbridge thought this was a partnership between <br />the State, the City of Vero Beach, the Dodgers, and Indian River County. She thought we <br />needed to move forward to insure that our community has the opportunity to take advantage <br />of it. <br />September 7, 2000 <br />24 <br />