Common Contracts
1 similar Existing Option Agreement contracts
ContractExisting Option Agreement • December 5th, 2020
Existing Option Agreement Memorandum of Understanding Proposed Definitive Agreement Explanatory Notes Defined Term ("EOA") ("MOU") ("DA") Date of Agreement April 4, 2007 November 9, 2010 Proposed: April 2012 Total Lackawanna County Taxpayer Investment Unknown. Unknown. ZERO. Total SWB Yankees Investment $17.1 million over 20 years. $37 million. $40.85 million plus excess maintenance/improvement obligations (which could be $15 million or more). OA: $14.6 million plus $125,000 annually for 20 years. MOU: $37 million includes $14.6 million purchase price and an annual payment of$750,000 for 30 baseball seasons. DA: $40.85 million includes $14.6 million purchase price and an annual payment of$900,000 for 25 baseball seasons and$750,000 for an additional 5 baseball seasons. Plus, potentially millions in future capital repairs based on Ewing Cole's 30- year projected capital maintenance requirements. Total State Investment None. $22 million. Same as MOU. Total 30-Ye
