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• mentioned that our neighboring counties, St. Lucie and Brevard, are currently at the 4 -cent tourist tax level. He specified that the application for utilization of State of Florida funds is required to be submitted prior to October 1, 2000. If approved, Indian River County will receive $5001000 per year from the State for the next 30 years. Administrator Chandler then called on Special Counsel Reid to explain the agreements on the agenda. Special Counsel Robert C. Reid explained the primary agreements between the County and the other parties to the transaction, primarily the Dodgers. He explained that the first agreement is the contract for purchase and sale of the 64 acres known as Dodgertown. The second agreement provides for the Dodgers to lease Dodgertown back from the County. He gave details about the agreement and explained the initial lease term is 20 years with four 5 -year renewals and advised of the penalty provisions. Next, he advised of the development agreement which details the improvements, expansions, and other rehabilitations the Dodgers are to undertake as lessee. He explained how this agreement specifies the CCNA (Consultant's Competitive Negotiation Act) requirements. The 4' agreement, between the City of Vero Beach and the County, concerns the funding and rights of both government entities. He advised of the requirements and conditions specified in the 5' agreement which concerns the escrow. Mr. Reid pointed out that the 6' agreement, the Capital Reserve Escrow Agreement, has been modified at the request of the escrow agent, First Union. He reviewed the ministerial changes in the black -lined version of that agreement which was distributed to the Commissioners and others. He asked that the Commissioners consider this new version when voting on the Capital Reserve Account Agreement. He then explained the 71 agreement, the three -party Parking Agreement between the County, the Dodgers, and de Guardiola Development, Inc. He stressed that the exact scope of the easements will be September 7, 2000 ki • B1( 1 15 PG 007