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PROJECT AGREEMENT (2)Project Agreement This Agreement ( "Agreement ") is hereby made and entered into on January -=21 , 2015 between the City of Clearwater, Florida, a municipal corporation of the State of Florida (the "City ") and Phillies Florida LLC, a Delaware limited liability company (the "Phillies ") (each party individually referred to herein as "Party" or collectively as the "Parties "). WHEREAS, the City and the Phillies are parties to that certain Sports Facility Use Agreement dated December 31, 2000, as heretofore amended (the "Bright House Field Use Agreement "), which sets out the terms and conditions for the Phillies' use and occupancy of, and of the Parties' respective rights and obligations in respect to certain property commonly known and referred to herein as Bright House Field; and WHEREAS, the Parties have agreed that certain improvements should be made at Bright House Field (collectively herein referred to as the "Project "). NOW, THEREFORE, for and in consideration of the mutual promises, covenants and conditions contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged by each, the Parties agree as follows: 1. Recitals. The foregoing recitals are true and correct and are incorporated in and form a part of this Agreement. 2. The Project. a. In accordance with Subsection 10.2 of the Bright House Field Use Agreement, the following shall be done at Bright House Field and shall be governed by the Bright House Field Use Agreement: i. Design for video integration with new TS Sports video board. ii. Installation of video integration equipment with new TS Sports video board. b. The Project will be managed by the Phillies and effected by a video integration company that the Phillies select through a competitive procurement process that complies with applicable legal requirements for the bidding and awarding of construction contracts for public works projects to the same extent as if the City had undertaken such bidding and awarding of the contract, including but not limited to, all requirements of the Florida Statutes and the City of Clearwater Code of Ordinances. c. The City will fund the Project for a total of three hundred thousand seven hundred dollars ($300,700), which will be disbursed through the City's purchase order process as appropriate invoices are received by the City from the Phillies. 1 3. Approvals. The City agrees that at the time of execution of this Agreement, there are no unfulfilled City regulatory or permitting approvals relating to the Project. However, the City's consent for the Project is conditioned upon the Phillies acquiring any necessary permits from applicable government agencies other than the City. IN WITNESS WHEREOF, the Parties have executed this Agreement the day and year first above written. Countersigned: — cte)(we‘ cr'ckaos George N. Cretekos Mayor Approved as to form: AAAlAilr in" Mat e Smith Assistant City Attorney PHILLIES FLORIDA LLC By: The Phillies, its sole member By: Name. -� •,it/jtJ' kc)4 Title: tP CFO 2 CITY OF CLEARWATER, FLORIDA By: W.(Q&i:44,0t�,J William B. Horne, II City Manager Attest: "ft /.4-0167Alki- Rosemarie Call City Clerk