Fiscal 2023 DIF Account

Remedies If Park Not Ready--How Much?

Do not see anything in the agreement that lists an amount.    This must be spelled out in the lease,  City Council should request a copy of the lease.....   

26. Remedies of the The City' s covenant to have the Ballpark ready and available for the Team' s Parties use no later than the Beneficial Occupancy Deadline is of the utmost importance to the Team. The Lease will contain remedies: ( i) for the Team, including liquidated damages acceptable to the Team, in the event the Beneficial Occupancy Deadline is not met; and( ii) for the Parties in the event of a breach of the Lease.