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AGREEMENT TO CONSTRUCT A MUNICIPAL BASEBALL PARKA G R E E M E N T THIS AGREEMENT made and entered into this C9 day of March, A.D.,1950 by and between THE CITY OF CLEARWATER, FLORIDA, a Municipal Corporation, hereinafter called the "City ", and the PHILADELPHIA NATIONAL TRAGUE BASEBALL CLUB, hereinafter called the "Club". WITNESSETH that for and in consideration of the sum of One Dollar ($1.00) paid by each y to the other, and the faith- ful performance of the covenai ein contained, the parties mu- tually contract and agree as follows: 1. It is agreed that City has constructed at the Municipal Baseball Park thirty (30) additional box seats having accomodations for one hundred seventy -eight (178) chairs, said construction being now in use, and being satisfactory to the Club. 2. It is further agreed that said box seats are and shall be the property of City which has paid the cost of their con- struction. 3. It is agreed that said box seats are being used and shall be used by the Club in conjunction with its use of the other facilities at the Municipal Baseball Park, as provided for in the agreement between City and the Club, dated March 4, 1947. Club agrees to repay City for the actual cost of said construction, not to exceed the total amount of $1,500.00, as follows: By the payment id indebtedness of ten per cent (10 %) of i oss gate receipts from spring training games played at said Municipal Baseball Park during the 1950 season, and during subsequent seasons thereafter, until the total . amount paid shall equal the amount of the indebted- ness above set out. Said payment shall be made on April 1, 1950, and subsequently on the 1st. day of each month thereafter during which games shall have been played. 5. It is further agreed that City shall furnish the Club with a certificate indicating the actual cost of said construc- tion as soon as the same is determined, and in any event not later than April 1, 1950. -1- • • 6. This agreement shall be binding upon the respective successors and assigns of the parties. IT WITNESS WHEREOF the parties hereto stet their hands and seals the day and year first set out above. Countersigned: AJ ( SEAL Mayor - Commissioner Acing) Witnesses as to City: CITY OF CLEARWATER, FLORIDA BY: a tiger C ty Audito and Clerk PHILADELPHIA NATIONAL LEAGUE BASEBALL CLUB O Attest: (SEAL) (SEAL) Approved as to form and correctness: City • ney (SEAL)