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AMENDMENT NUMBER 8 TO LEASE BY AND BETWEEN
CITY OF JACKSONVILLE AND JACKSONVILLE JAGUARS, LTD.
This Amendment Number 8 to Lease (the "Amendment") is made effective the 31st day of
January, 2006 (the "Effective Date"), between CITY OF JACKSONVILLE, a Florida municipal
corporation and political subdivision of the State of Florida, whose principal address is 117 West Duval
Street, Suite 400, Jacksonville, Florida 32202, Attn: Mayor (the "City") and JACKSONVILLE
JAGUARS, LTD., a Florida limited partnership, whose principal address is One ALLTEL Stadium
Place, Jacksonville, Florida 32202, and whose FEIN # is 59-3095655 ("JJL").
RECITALS
Whereas, the City is the owner of that certain facility currently known as "ALLTEL Stadium,"
and the City leases ALLTEL Stadium to JJL for its operation of the Jacksonville Jaguars NFL football
team, pursuant to the terms and conditions set forth in that certain lease, as amended from time to time,
as more particularly described in Exhibit A (the "Lease"); and,
Whereas, the City has also entered into certain lease agreements for third parties' use of
ALLTEL Stadium, including, but not limited to the "Georgia-Florida Lease" and the "Gator Bowl Lease"
as more particularly set forth in Exhibit B;
Whereas, pursuant to Amendment Number 7 to the Lease By and Between City of JackSonville
and Jacksonville Jaguars, Ltd., dated May 27, 2004, the City and JJL contemplated entering into a
memorandum of understanding regarding the replacement of rights and obligations for the Center Panel
Signage (as defined therein); and,
Whereas, during the course of the negotiations, and in order to maintain their long term amicable
relationship for many years for the welfare and benefit of both the City and JJL, the parties desired to
resolve numerous outstanding issues conceming the Lease, and accordingly the parties desire to enter
into this Amendment conceming the resolution of these issues as more particularly set forth hereafter.
NOW, THEREFORE, in consideration of the mutual promises herein, and other good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged by each party, the
City and JJL agree as follows:
.1. Recitals and Defmitions. The above recitals are true and correct and are incorporated herein by
this reference. Capitalized terms not otherwise defined herein shall have the meaning as set forth in the
Lease. Additional definitions for this Amendment are set forth as follows:
A. Amendment No.5. The term "Amendment No.5" shall mean that certain Amendment
Number 5 to Lease By and Between City of Jacksonville, Florida and Jacksonville
Jaguars, Ltd., dated September 6, 2002 and referred to in Exhibit A.
B. Amendment No.6. The term "Amendment No.6" shall mean that certain Amendment
Number 6 to Lease By and Between City of Jacksonville, Florida and Jacksonville
Jaguars, Ltd., dated June 26, 2003 as referred to in Exhibit A.
C. Amendment No.7. The term "Amendment No. 7" shall mean that certain Amendment
Number 7 to Lease By and Between City of Jacksonville, Florida and Jacksonville
Jaguars, Ltd., dated May 27, 2004 as referred to in Exhibit A.
D. Centerolate Contract. The term "Centerplate Contract" shall mean that certain
concession contract among the City, JJL and Volume Services America, Inc., d/b/a
Centerplate, dated August 28, 1998, and all amendments and extensions thereto.
E. City Additional Events. The term "City Additional Events" shall mean a Designated
Event that is neither a City Advertising Event nor a City No Advertising Event. The
City's and JJL's respective uses of the Electronic Signs during City Additional Events
are governed by Paragraph 2E below.
F. City Advertising Events. The term "City Advertising Events" shall mean four (4)
Designated Events per Schedule Year that are designated by the City as City Advertising
Events. The City's and JJL's respective uses of the Electronic Signs during City
Advertising Events are governed by Paragraph 2C below.
G. City Community Events. The term "City Community Events" shall events for which the
City is entitled to use of the East and/or West Clubs (together with City Planning Days)
as set forth in Paragraph 10C(2) below.
H. City Events. The term "City Events" shall mean Designated Events, City Community
Events, City Event Days (with the term "City Event Days" being defined in paragraph 5
of Amendment No.6), and City Planning Days.
I. City No Advertising Events. The term "City No Advertising Events" shall mean two (2)
Designated Events per Schedule Year that are designated by the City as City No
Advertising Events and are non-football events. The City's and JJL's respective uses of
the Electronic Signs during City No Advertising Events are governed by Paragraph 2D
below.
1. City Plarming Days. The term "City Plarming Days" shall mean events for which the
City is entitled to use of the East and/or West Clubs (together with City Community
Events) as set forth in Paragraph 10C(2) below.
K. Concessions. The term "Concessions" shall mean sales of food, beverage, and
Merchandise, including but not limited to general concessions and catering sales, made
from permanent or portable concession stands or roving vendors to individual customers,
but does not include sales made from the Retail Store.
L. Concessions Areas. The term "Concessions Areas" shall mean: (i) the following areas
within the dripline of the Stadium: the East and West Clubs, the South End Zone Super
Suite and the South End Zone Sports Bar (both as defined in Amendment No.6), and the
other presently existing food and beverage facilities within the Stadium; and (ii) the
following areas outside of the dripline of the Stadium that may be utilized for
Concessions pursuant to this Amendment, consisting of the Entertainment Zone and the
East and West Plazas (both as defmed in Amendment No.6), and all areas within the
Practice Facility, but excluding the Parking Facility.
M. Concession Profits. The term "Concession Profits" shall mean Gross Concession
Revenues less Direct Costs.
N. Designated Events. The term "Designated Events" shall mean when the City (or the
City's licensee or tenant other than JJL) uses the Stadium bowl seating as more
particularly defined in Amendment No.6.
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O. Direct Costs. The term "Direct Costs" shall mean those costs that are directly allocable
to a specific event, and which shall include but not be limited to, food costs, direct labor
and benefits, laundry and uniform cleaning, cleaning supplies, paper supplies, ice,
armored cars, gas and oil, equipment rental (including but not limited to, tables, chairs,
pipe and drapes) printing, cashier overages/shortages, linen rental, credit card discounts,
recruiting, office supplies, advertising sales and promotions, bank service charges, sales
tax, insurance, and any third party Merchandise accommodation (as referenced in
Paragraph 9F below). The parties agree that in the event of any disagreement as to
whether a cost is a Direct Cost or a Period Cost, that they will look to how such cost has
been treated in the past under the operations of the Centerplate Contract, and such cost
shall be treated consistently herein.
P. Electronic Signs. The term "Electronic Signs" shall mean the Ribbon Boards, the New
Electronic Signs, the Time and Down Signs, the Scoreboard Video Boards, the
Scoreboard Matrix Boards, and similarly functioning electronic signs as may be referred
to in Paragraph 1.0 of the Initial Lease (as defined in Exhibit A), all as are presently
existing and any replacements (including any replacement with the functional equivalent
as technology changes from time to time) of such signs. To the extent that provisions of
this Amendment and Paragraph 1.0 of the Initial Lease are in conflict regarding the use
of Electronic Signs, then this Amendment shall govern.
Q. Fixed Signs. Fixed signs shall be those non-Electronic Signs that are not Temporary
Signs, and shall include but not be limited to: (i) those non-Electronic Signs that display
static messages that are permanently affixed to the Stadium or associated realty, mayor
may not be backlit or otherwise illuminated, and include the Trivision Boards and similar
rotating signs; (ii) those non-Electronic Signs that are intended to be displayed
permanently at the Stadium, and as to outdoors non-Electronic Signs, are constructed of
a material andlor attached to any portion of the Stadium by pulleys, rigging or other
means that allow the signs to be lowered or modified to protect the structure during
periods of high wind or other conditions; and (iii) those two (2) certain indoor signs
installed by rigging and located at each interior foyer of the East and the West Clubs.
Fixed Signs shall be governed by the provisions of Paragraph SA of the Initial Lease.
R. Gross Concessions Revenues. The term "Gross Concessions Revenues" shall mean the
total proceeds collected from the sales of Concessions items less applicable sales tax.
S. Initial Lease. The term "Initial Lease" shall mean that certain Lease By and Between
The City of Jacksonville, Florida and Touchdown Jacksonville, Ltd. dated September 7,
1993 as referred to in Exhibit A.
T. JJL Operative Period Events. The term "JJL Operative Period Events" shall mean events
and activities held or sponsored by JJL and referred to in Paragraph I.H. of the Initial
Lease and that JJL is entitled to hold in the Stadium during the Operative Period
pursuant to such paragraph.
U. JJL Non-Operative Period Events. The term "JJL Non-Operative Period Events" shall
mean events and activities held in the East and West Clubs, the Entertainment Zone, the
Practice Facility, the South End Zone Super Suite, the South End Zone Sports Bar (all as
defined in Amendment No.6), or on the Sky Patio, that are not City Events and are not
JJL Operative Period Events.
V. Lease. The term "Lease" shall mean the Initial Lease and all currently existing
amendments thereto as referred to in Exhibit A.
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W. Merchandise. The tenn "Merchandise" shall mean apparel, novelties, programs,
souvenirs, and similar event products that are not food and beverages.
X. Naming Sponsor Scoreboard Inventorv. The tenn "Naming Sponsor Scoreboard
Inventory" shall have the meaning set forth in Paragraph 3 below.
Y. New Electronic Signs. The tenn "New Electronic Signs" shall mean those certain
additions, modifications andlor extensions of Electronic Signs as permitted in Paragraph
5 below.
Z. Period Costs. The tenn "Period Costs" shall mean operating costs that are not directly
allocable to a specific event, and which include but are not limited to, management labor,
management salaries and benefits, equipment rental, office equipment rental, credit card
equipment (or rental of same), professional fees, setup and takedown, general
maintenance [defined as cleaning and preventative maintenance associated with
appropriate use of equipment standard in the industry], repair and replacement of
smallwares, postage and freight, taxes and licenses, printing, telephone and fax, meals,
vehicles expenses, travel/lodging, unifonn and linen (or rental of same), dues and
subscriptions, base management fees, and incentive management fees.
AA. Pre-Existing Rights. The tenn "Pre-Existing Rights" shall mean those agreements more
particularly identified in Exhibit B.
BB. Ribbon Boards. The tenn "Ribbon Boards" shall mean that electronic signage presently
consisting of the Daktronic system located on the east and west interior fascia of the
Stadium, consisting of approximately 800 square feet each (4 feet in height and 200 feet
in length) pursuant to those certain Daktronic plans dated May 7, 2004, and shall also
include any future replacements of such electronic signage.
CC. Schedule Year. The term "Schedule Year" shall mean the period from July I through
June 30.
DD. Scoreboard(s). The tenn "Scoreboard(s)" shall mean the electronic non-video picture-
type electronic matrix boards, any time and down displays, and the video displays that
are included in the scoreboards, and includes the physical structure and support for each
such system, one of which Scoreboards is located at each of the south and the north ends
of the Stadium.
EE. Scoreboard Matrix Boards. The tenn "Scoreboard Matrix Boards" shall mean the
portions of each Scoreboard that are capable of non-video picture-tYPe displays.
FF. Scoreboard Video Boards. The tenn "Scoreboard Video Boards" shall mean that portion
of each Scoreboard that is capable of digital video displays.
GG. Sky Patio. The tenn "Sky Patio" shall mean the open air platform above the South End
Zone Super Suite.
HH. Temporary Signs. Temporary signs shall be those non-Electronic Signs that are not
Fixed Signs, and which are intended to be displayed only during a particular promoter's
(other than JJL's) specific event(s) in the Stadium. This definition does not include the
following: (i) any tarps temporarily used to cover bowl seating during JJL Operative
Period Events (the "JJL Tarps"); and (ii) any JJL signs located on the interior Stadium
fascia/wall at ground level and surrounding the playing field (the "Field Wall Signs").
Temporary Signs shall be governed by the provisions of Paragraph 5A of the Initial
Lease. JJL agrees that the JJL Tarps and the Field Wall Signs may be removed andlor
covered (as appropriate) for Designated Events.
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II. Time and Down Signs. The tenn "Time and Down Signs" shall mean those certain four
(4) electronic matrix signs located on each end of the two (2) Ribbon Boards, consisting
of approximately 96 square feet each (4 feet in height and 24 feet in length) pursuant to
those certain Daktronic plans dated May 7, 2004, and shall also include replacements of
such signs.
JJ. Trivision Boards. The tenn "Trivision Boards" shall mean those certain four (4) signs
located in the interior of the Stadium on the fascia supporting the four light towers that
have rotating panels capable of producing three (3) static sign displays on each Trivision
Board.
2. Use of Electronic Signs. The parties aclmowledge that there has existed a disagreement over the
rights granted in the Lease, and rights granted to certain third party tenants under their respective leases
to use certain Electronic Signs. To reflect the agreement of the City and JJL and to resolve the
disagreement, the following provisions of this Paragraph 2 shall govern the use of all Electronic Signs in
all respects and shall supercede all such provisions of the Lease to the extent that such other provisions
of the Lease are inconsistent with the provisions ofthis Paragraph 2.
A. JJL Operative Period Event. For JJL Operative Period Events, the Electronic Signs shall
be operable by JJL, at its option, and JJL shall be entitled to receipt of all revenues from
all Electronic Signs.
B. JJL Non-Operative Period Event. For JJL Non-Operative Period Events, JJL may
operate the Electronic Signs, at JJL's option, in a manner only that is incidental to JJL's
Non-Operative Period Event as set forth in Paragraph lOR below, and JJL shall be
entitled to receipt of all revenues from all Electronic Signs.
C. City Advertising Event. For City Advertising Events, the Electronic Signs shall be
operable by the City, at its option, and the City shall be entitled to receipt of all revenues
from the Electronic Signs, except for the Naming Sponsor Scoreboard Inventory as set
forth in Paragraph 3 below.
D. City No Advertising Event. For City No Advertising Events, the Electronic Signs shall
be operable by the City at its option and the City shall be entitled to receipt of all
revenues from the Electronic Signs, except for: (i) the Naming Sponsor Scoreboard
Inventory as set forth in Paragraph 3 below, and (ii) the following restrictions relating to
the Ribbon Boards and the New Electronic Signs. For City No Advertising Events, the
City shall only operate the Ribbon Boards and the New Electronic Signs in a non-
commercial manner; it being understood that the Ribbon Boards and New Electronic
Signs may be used only for nori-revenue generating purposes (such as event infonnation,
welcome messages, or kept dark).
E. City Additional Events. For City Additional Events, the Electronic Signs shall be
operable by the City at its option and the City shall be entitled to receipt of all revenues
from the Electronic Signs, except for: (i) the Naming Sponsor Scoreboard Inventory as
set forth in Paragraph 3 below, and (ii) the Ribbon Boards and the New Electronic Signs.
During City Additional Events, the Ribbon Boards and New Electronic Signs shall be
operable by JJL at its option and JJL shall be entitled to receipt of all revenues from the
Ribbon Boards and New Electronic Signs.
F. Outline. Exhibit C sets forth an outline illustrating the City's and JJL's respective rights
to use the Electronic Signs during the above-described events.
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3. Scoreboards Advertising Inventory for Stadium Naming Sponsor. JJL shall be entitled to the
advertising inventory described in subparagraphs A and B below (the "Naming Sponsor Scoreboard
Inventory") on the Scoreboard Video Boards during all Designated Events and JJL shall be entitled to
receive and retain all of the revenue derived therefrom. Such advertising inventory shall only be used by
JJL to advertise the entity that at the time of the advertisement has the right to include its name in the
name of the Stadium pursuant to the Stadium naming rights agreement among the said naming rights
purchaser, the City and JJL as referenced in Paragraph 9 of the Initial Lease (the "Naming Sponsor,"
which is currently ALLTEL Corporation). The advertising shall be advertising only of the Naming
Sponsor and/or its business and may include in such advertising the branded products, services and the
like owned and offered by the Naming Sponsor; provided, however, that such advertising shall not
include any other branded products and services that are not owned by the Naming Sponsor. The
positioning of the Naming Sponsor Scoreboard Inventory on the Scoreboard Video Boards shall be
rotated equitably by the respective event promoter and shall consist of the following inventory:
A. Eight (8) minutes (consisting of two [2] minutes per quarter) during any Designated
Event that is a football game; or,
B. Twenty-five percent (25%) of the time that the Scoreboards are used for advertising
during any Designated Event that is not a football game; provided, however, that in no
event shall the time provided to the Naming Sponsor be less than eight (8) minutes per
event.
4. Other Signs Provisions. The City and JJL further agree to the following additional provisions
relating to Electronic Signs.
A. Ownership of Electronic Sims. Notwithstanding JJL' s purchase at JJL' s cost of the
existing Ribbon Boards, the City shall be deemed the owner of and have title to the
same; it being understood that the City has title to all of the Electronic Signs. By its
execution of this Amendment, JJL hereby quitclaims to the City any title it has or may
have to the Ribbon Boards (including any and all rights it may have to any warranties
relating to the same) and JJL represents and warrants to the City that it has not created
any liens or other security interests on or in the Ribbon Boards.
B. Cost of Operating Electronic Signs. The party entitled to use the Electronic Sign(s) shall
be responsible for the cost of production of content to be displayed by such party on the
Electronic Sign(s) and shall pay all direct costs associated with the such production and
use. Each party shall operate the Electronic Signs it has a right to use only through the
City's Stadium manager.
C. Maintenance and Repairs of Electronic Signs. Nothing in this Amendment Number 8
shall modify the obligations as to maintenance and repairs provided for in Paragraph 12A
of the Initial Lease.
D. Ineffectiveness of Other Lease Provisions. JJL and the City agree that as of the Effective
Date, Paragraph 10 of Amendment No.5, and Paragraph 4 of Amendment No.7 are both
deleted in their entirety.
E. City Restriction on Bundling Sales of Electronic Signs. The City agrees that it will not
directly or indirectly sell, assign or otherwise transfer its rights to use the Ribbon Boards
and New Electronic Signs at City Advertising Events in such manner to result in one (1)
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third-party promoter, event organizer or other organization having the right to market the
use of Ribbon Boards or the New Electronic Signs for more than two (2) City
Advertising Events during any Schedule Year. In any transfer of the rights to use the
Ribbon Boards and New Electronic Signs the City will require the transferee to agree
that it will not act in concert with any other promoter, event organizer or other
organization to market the rights to use the Ribbon Boards or New Electronic Signs to
potential advertisers on a collective basis with other City Advertising Events.
F. Definitions Not Deemed Limitation. The parties intend that the limitation of the number
of City Advertising Events and City No Advertising Events are for purposes of the City's
use of the Ribbon Boards and New Electronic Signs only, and shall not be construed in
any marmer to limit the number of Designated Events that the City can schedule in the
Stadium.
G. Notice of City Designation of Events. The City agrees to give JJL not less than thirty
(30) days prior written notice that a Designated Event will be a City Advertising Event, a
City No Advertising Event, or a City Additional Event. The parties agree that if the City
inadvertently fails to provide notice by thirty (30) days prior to a Designated Event, JJL
may send a written request to the City specifically requesting such designation and in the
event that City fails to provide such designation within five (5) business days of JJL's
notice, the City shall be deemed to have given notice designating such event as a City
Additional Event. The City and JJL understand and agree that the following are hereby
designated City Advertising Events for such time as each respective third party use
agreement remains in effect:
(I) The Georgia-Florida armual football game(s) pursuant to the Georgia-Florida
Lease described in Exhibit B, which event shall continue to receive priority
scheduling so as to assure the continuance of that event pursuant to the
provisions of Paragraph IH of the Initial Lease;
(2) The Gator Bowl Classic annual football game(s) pursuant to the Gator Bowl
Lease described in Exhibit B, which event shall continue to receive priority
scheduling so as to assure the continuance of that event pursuant to the
provisions of Paragraph IH of the Initial Lease; and
(3) The ACC Championship annual football game(s) pursuant to the Gator Bowl
Lease described in Exhibit B.
The City and JJL also understand and agree that the 2006 Gateway Classic football game is
designated as a City Advertising Event, and that the Monster Jam presently tentatively scheduled
February 25, 2006, is designated as a City No Advertising Event. The City may amend the
designation of any Designated Event at any time by providing thirty (30) day prior written notice
to JJL.
5. Design, Purchase, and Installation of New Electronic Signs. The parties agree that JJL may
install new Electronic Signs (the "New Electronic Signs") according to the following criteria:
A. JJL may determine the size, location, nature, and other aspects of the New Electronic
Signs to be located within the interior bowl area of the Stadium, except that JJL may not
replace any signage that is: (i) not under the exclusive control of JJL (provided, however,
that the Ribbon Boards may be replaced or relocated pursuant to this Paragraph), or (ii)
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located on or to be an addition, modification, or extension to any portion of either
Scoreboard (inclusive of any of the foIIowing that are located on the Scoreboards and/or
the exterior or interior supporting structures of the Scoreboards: Fixed Signs (including
but not limited to any rotating Fixed Signs), any Temporary Signs, Scoreboard Video
Boards, Scoreboard Matrix Boards, any time and down displays, or any other Electronic
Sign). If the New Electronic Signs replaces other fixed signage that is subject to the
exclusive use of JJL, then JJL shaII not be entitled to any further compensation or rights
relating to the loss of such signage. Notwithstanding anything to the contrary in this
Amendment, JJL may replace or relocate the Time and Down Signs, subject to the
conditions that: (iii) upon conclusion of the work, time and down signs continue to exist
within the Stadium, and (iv) JJL does not retain any rights to control of the relocated
Time and Down Signs during any of the City's Designated Events.
B. Prior to instaIIation, the parties shall mutually designate a set of plans outlining the final
composition of the New Electronic Signs (the "Plans"), and neither party shaII
unreasonably withhold, condition, or delay its approval of the Plans.
C. All electronic equipment associated with the Plans shall be deemed to specificaIIy
include the cost of annual service, maintenance, and repair warranty contracts for such
equipment for a period as is standard with the acquisition of such equipment. JJL agrees
to include in this scope of work any related head-end equipment or other equipment
necessary to fuIIy operate the New Electronic Signs (or the entire Electronic Signs
system if the New Electronic Signs are added on to the same) and such contracts and
head-end or other equipment shall be considered part of the New Electronic Signs for all
purposes (except that the same shaII not be deemed to prohibit the City's use of the
Scoreboards for City No Advertising Events and City Additional Events).
D. The City will have access at all times to the New Electronic Signs work being conducted at
the Stadium and any revisions to the Plans will require both parties' prior written approval,
which shall not be unreasonably withheld, conditioned, or delayed.
E. JJL shall cause the purchase and instaIIation of the New Electronic Signs to the standards
required in the Lease and in the manner as set forth in Paragraph 4 and in Exhibit C of
Amendment No. 5 relating to the Development of the Improvements (including but not
limited to, waiving the City's Purchasing Code [excluding the Equal Business
Opportunity Program, which Program remains effective as to the aggregate scope of
work set forth in Amendment No.5, Amendment No.6, Amendment No.7, and this
Amendment]). The parties agree that the goal is to complete construction of the New
Electronic Signs on or before August I, 2008, and the parties further agree to cooperate
and use best efforts to attain such goal.
F. The City agrees to reimburse JJL for the New Electronic Signs (based on invoices and/or
paid receipts for the work) in the amount that is the lesser of: (i) actual cost, or (ii) One
MiIIion and Noll 00 DoIIars ($1,000,000.00). JJL shaII be solely responsible for any cost
overruns or additional expenses related to the purchase and instaIIation of the New
Electronic Signs that exceed $1,000,000.00. JJL agrees to comply with the City's
requisition process in this regard.
G. The use of the New Electronic Signs shaII be governed by the provisions of Paragraph 2
above.
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6. Rental. Exhibit C of Amendment No.7 is deleted in its entirety and replaced with Exhibit D
attached hereto and incorporated herein by this reference. Exhibit D incorporates the following
elements:
A. In consideration of the Lease revisions as set forth in this Amendment, the City agrees to
reduce JJL's rental obligations in the amount of $8,600,000 (for clarification, Exhibit D
reflects a reduction in Supplement Rent due on November IS, 2005; June 15, 2006;
November IS, 2006; June 15,2007; November IS, 2007; and June 15,2008, each in the
amount of$I,433,333.33); and
B. The City and JJL agree that the requirements relating to the Super Bowl Revenue, as set
forth in paragraph 5 of Amendment No.5, are satisfied in full and the City aclmowledges
receipt of: (i) the NFL acceptance of JJL's certification of its [mal accounting of the net
profits of $10,197,891, and (ii) the Super Bowl Revenue in the amount of $10,197,891.
The City and JJL further agree that Exhibit D reflects JJL's payment and the City's
receipt of the Super Bowl Revenue and reduces JJL's Supplement Rent obligations as
previously agreed to by the parties in Amendment No.5.
7. Sign Ordinance for Entertainment Zone, Exterior Escalators, and Practice Fields: Upon approval
by the City Council of the City of Jacksonville of Ordinance 2005-1380-E creating the "Stadium Sign
Overlay Zone," certain existing signage installed by JJL at the Entertainment Zone, the exterior
escalators, and JJL's proposed signage to be installed at the practice fields (all as generally depicted on
Exhibit E) will be eligible for sign permits (collectively, the "Stadium Signs"). The City agrees to
provide good faith assistance to JJL in processing the permits for the Stadium Signs as presently and as
hereafter existing pursuant to the Ordinance. Notwithstanding the provisions of the Stadium Sign
Overlay Zone, the City hereby only consents to JJL's application for Stadium Sign Overlay Zone permits
for the specific Stadium Signs, none of which shall be Electronic Signs, identified in Exhibit E of this
Amendment (including their replacement from time to time pursuant to any requirements of the
Ordinance); it being understood that JJL's application for any additional signs pursuant to the Ordinance
will require an executed amendment to the Lease.
8. Touchdown Clubs. Through February 28, 2007, the City quitclaims and releases to JJL, without
any representation or warranty, any and all right the City may have to income, payments, and revenue
arising from any naming rights (including associated signage or other advertising) pertaining only to the
East Touchdown Club and the West Touchdown Club for JJL's naming the facilities pursuant to JJL's
contracts with the Crown Royal business entity (herein collectively, the "Clubs"). In consideration of the
City's release of naming rights for the Clubs herein: (a) JJL agrees that the City's release is subject to
that certain ALLTEL Naming Rights Agreement dated June 23, 1997; and (b) JJL shall indemnify, hold
harmless and defend the City from any and all claims, actions, losses, and damages relating to the
ALLTEL Naming Rights Agreement relating to the City's release of naming rights to JJL for the Clubs.
The City and JJL agree to execute such further agreements as may be necessary to memorialize the
release of naming rights to JJL for the Clubs as may be required by ALLTEL Corporation (or any
subsequent naming rights holder of the presently existing Stadium), and the Crown Royal business entity
to which JJL provided naming rights. On or before December 31, 2006, the City and JJL further agree to
commence good faith negotiations on an agreement relating to the naming rights for facility components
within the Stadium. Any subsequent agreement resulting from such negotiations shall be subject to prior
approval by City Council and shall be subject to any requirements imposed by the NCAA for collegiate
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events to be conducted in the Stadium (including but not limited to the prohibition against alcohol,
tobacco and gambling).
9. Concessions. Paragraph 9 of the Initial Lease is amended to provide that the City releases to JJL
the City's right to operate the Concessions as follows.
A. Assi=ent and Assumption of Concessions. In accordance with the provisions of this
Paragraph 9, JJL agrees to relieve the City of its obligation to provide Concessions
within the Concessions Area and JJL assumes the obligation to provide Concessions for
all events within the Concessions Area or any portion thereof, and including JJL's
payment of Period Costs. JJL shall have the right in its marketing of JJL Non-Operative
Period Events to arrange and provide such services, in addition to Concessions, such as
music, flowers, decorations, event production, photography and any other services that
may be requested by the JJL Non-Operative Period Event sponsors. JJL accepts the
City's grant of the right and the obligation to operate the Concessions. For City Events,
JJL agrees that the City or its designee for such event or events, shall have the right to
establish the product pricing, the number and nature of points of sale, and the type of
products to be sold (but not the brand of products) within its reasonable discretion.
Notwithstanding the foregoing, JJL agrees to provide reasonable assistance to
accommodate a specific brand request (for example, the requested brand would not
breach any exclusivity agreements between JJL and its vendors). Notwithstanding any
contrary City ordinance, resolution, or regulation, which is hereby waived, JJL shall have
the right to select the concessionaire(s), and any replacements therefore, subject to the
City's prior consent, which shall not be unreasonably withheld, conditioned, or delayed,
which concessionaire(s) will sell the Concessions at the Concession Areas. In addition,
for City Events, the City or its designee shall be entitled to restrict the sale of
Concessions to the Concession Areas. Except for the pre-existing rights of the Duval
County Fair, Inc., if the City permits the sale of Concessions within those presently
designated Lots C, D, J, M, N, P and R of the Parking Facility, the City will cooperate
with JJL regarding its exclusivity agreements regarding the brand of products to be sold.
Notwithstanding anything to the contrary herein, the City or its designee may retain the
right to sell Merchandise as provided in Paragraph 9F below, in which case the City or
its designee may sell Merchandise within the Concessions Area.
B. Conformance with Law. JJL represents and warrants that it shall operate the
Concessions in accordance with all applicable governmental regulations governing
Concessions, and JJL shall indemnify, defend, and hold the City harmless against any
claims arising from any breach of this representation and warranty. JJL agrees that it
will structure its contractual arrangement with concessionaire(s) it engages to provide
Concession services as a management arrangement or in such other manner to comply
with federal tax laws relating to the bonds issued for the Stadium, if so requested by the
City based on an opinion from the City's bond counsel. If the City's requested structure
differs from a management arrangement, and materially and adversely affects JJL's
Concession operations as contemplated by this Amendment, then the parties agree to
negotiate in good faith any further agreements required to resolve the then outstanding
concerns.
10
C. Effective Date. The City's grant to JJL of the right to operate the Concessions and JJL's
undertaking of such obligations to operate Concessions shall be effective no later than
the date of expiration or early termination of the Centerplate Contract.
D. Assignment and Assumption of Centerolate Contract. If JJL provides the City with a full
release from future obligations under the Centerplate Contract and a consent to the City's
assignment to JJL of all rights and obligations thereunder, the parties agree that such
assignment and assumption of the right and the obligation to operate the Concessions
may occur earlier. It is hoped that this can be accomplished so that the change occurs on
January 3, 2006. If JJL assumes the right and the obligation to operate the Concessions
before the natural expiration of the Centerplate Contract pursuant to the provisions of
this subparagraph, then JJL indenmifies, defends, and holds the City hannless from any
and all actions that arise from JJL's early assumption 'of the right and the obligation to
operate Concessions prior to the natural expiration of the Centerplate Contract; however,
the City agrees to pay its share of the incentive fees and Period Costs' that accrued prior
to the date of JJL's actual assumption of the Concessions. Upon JJL's assumption ofthe
Concessions, JJL shall cause the concessionaire to: (i) name the City as an additional
insured for such types and amounts of coverage, and (ii) indenmifY the City, with both
subsections (i) and (ii) meeting at least the standards set forth in the Centerplate
Contract.
E. Sharing of Costs or Profits. The following shall set forth the rights of the City (or its
designee) and JJL in respect of events in the Concessions Area with respect to the
sharing of costs and profits relating to Concessions at various events.
(I) Desigpated Events. The City or its designee for such event shall be entitled to
receive from JJL the Concession Profits from each Designated Event.
Notwithstanding anything to the contrary herein, if the Concession requirements
set forth in any of the Pre-Existing Rights identified in Exhibit B are more
favorable to the City (or the City's designee pursuant to the Pre-Existing Rights)
than the Concession rights afforded to the City as set forth in this Paragraph 9,
then the provisions of the Pre-Existing Rights shall control; it being understood
that JJL agrees to operate the Concessions in compliance with the Pre-Existing
Rights and JJL indenmifies, defends and holds the City harmless against any
claim resulting from this Paragraph 9 and the Pre-Existing Rights. JJL's
payment to the City shall be remitted within ten (10) business days after
conclusion of the event.
(2) City Events other than Desigpated Events. For all City Events that are not
Designated Events (i.e., city Event Days, City Community Events, and City
Planning Days), the City or its designee for such event will pay to JJL all Direct
Costs associated with such event. The City's payment to JJL shall be remitted
within ten (10) business days after receipt of JJL's statement showing the Direct
Costs for such event.
(3) Agreement on Other Methods. Notwithstanding the provisions of (I) and (2)
above, the parties agree that for any particular City Event, the Stadium Manager
and JJL may separately agree to a different method of sharing costs and profits
for such City Event. This provision is intended to allow for administrative
convenience and to reduce costs to the City and JJL for accounting and
otherwise. For example, the Stadium Manager and JJL may determine that for a
11
particular City Event, the City or its designee may receive a flat percentage of
the Gross Concessions Revenues for that event. This example is not intended to
limit the methods that the Stadium Manager and JJL may agree to for a City
Event.
(4) JJL Non-Operative Period Events and JJL Operative Period Events. JJL shall be
entitled to all profits from JJL Non-Operative Period Events and all JJL
Operative Period Events.
F. Right of City to Retain Right to Sell Merchandise. JJL agrees that the City shall have the
right to retain the right to operate the Concessions for sale of Merchandise for any or all
City Events. If the City retains such rights for particular events, it shall designate the
event sponsor or some third party to operate the Concessions for the sale of Merchandise
for such event and JJL shaH not sell Merchandise for such event. For all purposes of
computing Concession Profit or the Direct Costs of such event, all revenues from the sale
of Merchandise and aH Direct Costs related to the operation of the Concessions for the
sale of Merchandise shaH be excluded and shall be the sole responsibility of the City or
its designee. JJL agrees to provide commerciaHy reasonable cooperation to the City (or
third party event promoters) for set up and implementation of Merchandise sales or
distribution associated with such events and any such cost incurred by JJL shall be a
Direct Cost of such event.
G. Repairs and Maintenance. The City shall continue to be responsible for capital repairs,
maintenance and replacements of the Stadium as set forth in Paragraph 12Aofthe Initial
Lease; and subject to JJL's indemnification provisions set forth in Paragraph 13A of the
Initial Lease. The City shall continue to provide to JJL storage space within the Stadium
as presently exists for the operation and storage of Concessions equipment, and the City
shall continue to provide utilities as set forth in Paragraph 7 of the Initial Lease. Nothing
herein shaH be deemed to authorize JJL to expand the existing facilities, storage or
equipment areas constituting the operation of Concessions beyond any of the existing
Concessions Areas without the prior consent of the City, which may be withheld in its
sole discretion. And nothing herein shall be deemed to authorize JJL to use roving
vendors or portable concession stands beyond the present boundaries of the East and
West Plazas, the Entertainment Zone, and the Practice Facility outside of the dripline of
the Stadium; it being understood that JJL may provide Concessions via portable
concession stands or roving vendors to individual customers within the Stadium and
within the existing East and West Plazas, the Entertainment Zone, and the Practice
Facility outside the dripline of the Stadium.
H. Accounting. On November 15 of each year, JJL shall provide to the City a compilation
of all of the reports of City Events that occurred during the prior year period from
October I through September 30. After reviewing the compilation, the City may request
an audit of the compilation by the City Council Auditor. In the event of a discrepancy,
the City may request a further audit of the compilation by an Independent Certified
Public Accountant to be chosen by the City and subject to the reasonable approval of
JJL. The examination by the chosen Independent Certified Public Accountant shall
include, at a minimum, a review of the internal controls, compliance with this Paragraph
9, and amounts due and payable to and by the City pursuant to this Paragraph 9. In the
event that the Independent Auditor's report reflects a deviation in the amount due and
payable to the City of more than 10% of the total paid by JJL (net of any amounts due
12
from the City), JJL shall be obligated to pay the costs of such audit. On completion of
the audit, JJL or the City, as the case may be, shall be obligated to pay any further
amounts due to the other as reflected in the audit, within ten (10) business days.
1. Parking. Included within the right of JJL to schedule JJL Non-Operative Period Events
as set forth in Paragraph 10.D. below, is the right of JJL's invitees to use the Parking
Facility during such JJL Non-Operative Period Event at no additional cost to JJL.
Notwithstanding the foregoing, if the scheduled JJL Non-Operative Period Event
coincides with the City's use of other facilities within the Sports Complex such that the
Parking Facility would otherwise be unavailable to JJL, then JJL shall coordinate with
the City's Stadium manager to reserve (according to the then prevailing parking rates)
that portion of the Parking Facility that is necessary for JJL to conduct its JJL Non-
Operative Period Event. JJL agrees to remit to the City the Parking Facility fee
associated with such reservation within ten (10) business days after the JJL Non-
Operative Period Event.
J. Event Staff Concessions and Access Passes. JJL agrees to provide food and beverages at
cost to Stadium manager staff and City staff assigned to work at a Designated Event and
a JJL Operative Period Event. Additionally, JJL agrees that for Designated Events in
which the South End Zone Super Suite (now known as the "Terrace Suite") is open, JJL
will provide ten (10) Terrace Suite passes to the City's Stadium manager for issuance to
staff members of the event sponsor, and either the Stadium manager or event sponsor
shall insert the names of the persons issued said ten (10) Terrace Suite passes. JJL
agrees to admit to the Terrace Suite such persons properly in possession of a Terrace
Suite pass during that Designated Event..
10. Scheduling of Events. The parties agree that the scheduling of all events to be held at the
Stadium or on the Demised Premises shall be governed as follows:
A. Gator Bowl and Florida-Georgia Games and JJL Operative Period Events. The
scheduling of the Gator Bowl Game, the Florida-Georgia Game, and JJL Operative
Period Events are governed by the provisions of the Initial Lease. No change in the
terms of the Initial Lease with respect to scheduling of these events is intended.
B. Designated Events. The City may schedule Designated Events other than the Gator Bowl
Game and the Florida Georgia Game at such times as do not conflict with the provisions
of loR. of the Initial Lease. The City agrees to provide JJL with written notice at least
sixty (60) days in advance of any such Designated Event. If the City gives such notice at
least sixty (60) days prior to such Designated Event, JJL shall take steps necessary to
reschedule any JJL Non-Operative Period Event to accommodate holding the Designated
Event. In the event that the City is unable to provide JJL with sixty (60) days advance
written notice in scheduling a Designated Event, the parties shall make reasonable efforts
to accommodate such Designated Event, provided that JJL shall not be obligated to
cancel or reschedule any previously scheduled JJL Non-Operative Period Event.
C. East and West Clubs.
(1) Added to the Demised Premises. Except for City Events and City Planning
Days, the Lease is hereby amended to add the East and West Clubs of the
Stadium to the definition of Demised Premises for purposes of JJL's right and
obligation to operate the Concessions and for scheduling and holding JJL Non-
Operative Period Events. Except as set forth herein, the East and West Clubs
13
shall be deemed to be part of the Demised Premises 365 days a year for the
purposes set forth herein. No additional rental payment shall be required.
(2) City Use for City Community Events and City Planning Days. The City shall
have the right to use the East and/or West Clubs for up to ten (10) events a year
for City or for philanthropic purposes. In addition to the foregoing ten (10)
events per year, JJL agrees to also provide to the City the East and/or West
Clubs for preparation purposes only for the Gator Bowl Lease and the Georgia-
Florida Lease identified in Exhibit Bone (1) day prior to each party's respective
game day (subject only, however, to availability of the East and/or West Clubs
based on JJL's Operative Period schedule). The City shall also have the right to
use the East and/or West Clubs for meetings held for the purpose of planning
Designated Events (the "City Planning Days"). The City shall pay the actual
costs of such events but there will be no other charges.
D. JJL Non-Operative Period Events. JJL shall be entitled to schedule and hold JJL Non-
Operative Period Events in the East and West Clubs, the Entertainment Zone, the South
End Zone Super Suite, the South End Zone Sports Bar, and the Sky Patio.
Notwithstanding the above with respect to the Sky Patio, JJL shall not have rights to
schedule or hold JJL Non-Operative Period Events on the Sky Patio when the temporary
seating (as used to expand the seating capacity of the Stadium for Designated Events) is
being installed, is in place, or is being dismantled.
E. City Access to Entertainment Zone. The City has certain rights to schedule and hold
events in the Entertainment Zone as set forth in Paragraph 5 to Amendment No.6. JJL
and the City agree to the City's designation (which may be subsequently amended from
time to time upon written notice to JJL) of the Entertainment Zone as a City Event day
for each day prior to each game day identified in the Gator Bowl Lease and the Georgia
Florida Lease set forth in Exhibit B (subject only, however, to availability of the
Entertainment Zone based on JJL's Operative Period schedule).
F. City Access to Other Areas of Stadium. Notwithstanding anything to the contrary
herein, the City retains the right to schedule an unlimited number of events in areas of
the Stadium and the Sports Complex that are not otherwise demised to JJL 365 days per
year (e.g., the East and West Plazas, the concourses, the Parking Facility) through the
Stadium Manager so long as such use does not conflict in any way with any other party's
properly scheduled use of the Stadium. If Concessions are to be provided for such City
Events and the utilized area is located in a Concession Area, then the City (or the third
party promoter) shall utilize JJL's Concessions pursuant to Paragraph 9 to this
Amendment.
G. Scheduling other than Designated Events and JJL Operative Period Events. All events
other than (i) Designated Events, (ii) JJL Operative Period Events and (iii) dates that are
specifically reserved in the Lease, shall be available to be scheduled on a first come, first
reserved basis. JJL and the City, through the Stadium Manager will maintain a calendar
of scheduled events and will communicate such scheduling to each other as reservations
are made. The parties agree that they will cooperate with each other to coordinate the
use of the Stadium and parts thereof for events so that they do not conflict. Such
cooperation will include, but not be limited to, planning and scheduling availability of
the facilities for maintenance and repairs.
H. Access to Certain Areas of the Stadium. JJL shall have the right to permit their
respective guests or invitees at an event being held in a particular area of the Stadium to
make reasonable and incidental use of other areas of the inner bowl of the Stadium
14
during such event, provided that in no event shall such reasonable and incidental use (i)
cause damage or wear and tear to the Stadium, including without limitation the playing
surface, or (ii) conflict in any way with any other party's use of the Stadium. An
example of this use would be for a wedding reception scheduled for the South End Zone
Super Suite or the West Club, IJL would have the discretion to allow the ceremony to
take place under the goal posts or at the couples' seat location within the Stadium bowl,
on the condition that (i) and (ii) are satisfied. IJL shall pay the cost associated with any
such use, including any incidental use of any of the Electronic Signs (such as any use fee
charged by the City's Stadium manager and the costs set forth in Paragraph 4B above).
Notwithstanding the foregoing or anything to the contrary in this Amendment, IJL shall
not have the right to schedule any event that utilizes the bowl seating of the Stadium
except for the IJL Operative Period Events; it being understood that only the City
maintains the right to schedule Designated Events.
11. Representatives. The City hereby appoints the Chief Administrative Officer ("City's
Representative") to act as the City's Representative in all matters covered by this Amendment. IJL
hereby appoints the President of IJL's managing general partner ("IJL's Representative") to act as IJL's
Representative in all matters covered by this Amendment. All inquiries, requests, instructions,
authorizations and other communications with respect to the matters covered by this Amendment will be
made to and by the City's Representative or IJL's Representative, as the case may be. Either party may
change its Representative under this Amendment at any time by giving prior written notice to the other
party. Nothing in this Paragraph shall be deemed to preclude the City Representative and the JJL
Representative from including or delegating responsibility for matters set forth in this Amendment to
financial, legal, or other advisors.
12. Further Assurances. The parties agree to cooperate and deliver any further documents or
perform any additional acts to accomplish the agreements set forth herein.
13. Aclmowledgement and Waiver. The City and IJL aclmowledge that this Amendment No.8 reflects a
settlement of outstanding issues related to Paragraph 10 of Amendment No.5 and Paragraph 4 of
Amendment No. 7 and the City and IJL hereby waive whatever claims they have or may have had against
the other in respect of such provisions, this Amendment being full satisfaction of and for any such
claims, if any. City aclmowledges and accepts IJL's performance under such provisions and JJL
aclmowledges and accepts the City's performance thereunder.
14. Miscellaneous. IJL and City, and the person(s) signing this Amendment on each party's behalf
represent and warrant to the other party that IJL and the City each has full right and authority to execute
and perform its obligations under the Lease as amended hereby, and that such person(s) are duly
authorized to execute this Amendment on each party's behalf without further consent or approval by
anyone. This Amendment is the entire agreement of the parties regarding modifications of the Lease
provided herein, supersedes all prior agreements and understandings regarding such subject matter, may
be modified only by a writing executed by the party against whom the modification is sought to be
enforced, and shall bind and benefit the parties and their respective heirs, legal representatives,
successors and assigns. The Lease is ratified and confirmed in full force and effect in accordance with its
terms, as amended hereby.
15
IN WITNESS WHEREOF, the parties have executed this Amendment Number 8 to Lease as of
the date set forth above.
ATTEST:
FOrID Approved:
/
I; f

CITY OF JACKSONVILLE, a Florida
municipal corporation
In accordance with the Ordinance Code, of the City of Jacksonville, I do hereby certify that there
is an unexpended, unencumbered, and unimpounded balance in the appropriation sufficient to cover the
foregoing agreement; and that provision has been made for the payment of monies provided therein to be
paid.
Director of Administration
City Contract
[Szgnatures continued on next page]
16
[Signature Page to Amendment Number 8 To Lease By And Between
City OfJacksonville And Jacksonville Jaguars, Ltd].
JACKSONVILLE JAGUARS, LTD., a
Florida limited partnership
By: TDJ Football, Ltd., a Florida limited
partnership, its general partner
ATTEST:
By: DAR Group Investments, Inc.,
a Florida corporation, its
en I partn7/ .
- 4 P ~
J. Wayne Weaver, President
G:\shared\Chastain\Jedc\Misc\eighthamendmentvfinal.doc
17
EXHIBIT A
THE LEASE
That certain Lease By and Between The City of Jacksonville, Florida and Touchdown
Jacksonville, Ltd. dated September 7, 1993 (the "Initial Lease"); as amended by Amendment No.1 to
Lease By and Between City of Jacksonville, Florida and Jacksonville Jaguars, Ltd., dated 1995; as
further amended by that certain Amendment No.2 to Lease By and Between City of Jacksonville, Florida
and Jacksonville Jaguars, Ltd. Dated July 30, 1996; as further amended by that certain Amendment No.3
to Lease By and Between City of Jacksonville and Jacksonville Jaguars, Ltd. dated March II, 1997; as
further amended by that certain Amendment Number 4 to Lease By and Between City of Jacksonville,
Florida and Jacksonville Jaguars, Ltd., dated June 11, 1997; as further amended by that certain
Amendment Number 5 to Lease By and Between City of Jacksonville, Florida and Jacksonville Jaguars,
Ltd., dated September 6, 2002 ("Amendment No.5"); as further amended by that certain Amendment
Number 6 to Lease By and Between City of Jacksonville, Florida and Jacksonville Jaguars, Ltd., dated
June 26, 2003 ("Amendment No.6"); and as further amended by that certain Amendment Number 7 to
Lease By and Between City of Jacksonville, Florida and Jacksonville Jaguars, Ltd., dated May 27, 2004
(collectively, the "Lease").
18
EXIllBITB
Pre-Existing Rights
1. That certain Lease Agreement dated June 10, 1993, by and among the City, as landlord, and The
University AtWetic Association, Inc., a Florida non-profit corporation ("Florida"), and University
of Georgia Athletic Association, Inc., a Georgia non-profit corporation ("Georgia") (Florida and
Georgia are coIIectively, the Lessees); as amended by that certain Lease Renewal, Extension and
Amendment Agreement dated April 24, 2002; and as amended by that certain Renewal,
Amended and Restated Lease Agreement dated October 28, 2005, for the Lessees' use of
ALLTEL Stadium for the annual Georgia-Florida coIIege footbaII game pursuant to the terms
and conditions thereof, and as extended from time to time (coIIectively, the "Georgia-Florida
Lease").
2. That certain Amended and Restated Lease dated October 26, 1994, by and between the City, as
landlord, and The Gator Bowl Association, Inc., a Florida non-profit corporation ("GBA"); as
amended by that certain First Amendment to Amended and Restated Lease dated on or about
March 24, 2002; as amended by that certain Second Amendment to Amended and Restated Lease
dated on or about August 4, 2004; and as amended by that certain Third Amendment to Amended
and Restated Lease Agreement dated on or about January 31,2006; for GBA's use of ALLTEL
Stadium for the annual Gator Bowl Classic footbaII bowl game and GBA's use of ALLTEL
Stadium for the ACC Championship footbaII game, as extended from time to time (coIIectively,
the "Gator Bowl Lease").
3. That certain Amended and Restated Agreement dated July 9, 2003 between the City of
JacksonviIIe and Duval County Fair, Inc.
19
~
ELECTRONIC SIGNAGE MATRIX
Ribbon Boards &
New Electronic Scoreboard Scoreboard
I Remaining
Signs Video Matrix
Electronic Signs
JJL Operative periodEventsl JJL
I
JJL
I
JJL
I
JJL
t:J
"' n
...
"f
~ ~
~ . l;I:l
I ~ ....
fl1 >-l
on
c:
::!;
~ .
'" "'
I I
I
JJL Non-Operative Period
I
Jaguars'"
I
Jaguars'" Jaguars'" Jaguars"*
Events
*The City's use is governed by Paragraph 20 of the Amendment
**JJL shall be provided Naming Sponsor Scoreboard Inventory as described in Paragraph 3 of the Amendment
***JJL's use of Electronic Signs is governed by Paragraph 10H of the Amendment
City 01 J3d<$Onvilie
An31ysis 01 Sl3CIium Ren131 Due lrom tne J3d<Sonville JOIgU3rs
payment
DOlle
Payment of Base Ren131 (n
St3dium Base Delerred Rent Dererred Rent Reduc:ticn to
Ren131 (princiPal) (lnlerest) Rent (2)
Supplemenbl SUllpiement:ll Supplemental
Rent 111 (3) Renl #2 I') Rent 113 (5)
Re<:luC!iOllIO
Supplemerll3l
Renl #3 (6)
Supolemenl31
Rerlt;U (7)
TOt31 StaClum RllI'!3'
SUmtT13m:ed llv FYE 9-30
599.77a
/$8,600,000) $26,993,340
11115.'1995
6/3011996
11115.'1996
6f3(lI1997

6I3Of1998
1111511998
6f3(lI19!X1
1111511999
""""000
11115"2000
""""0"
1111512001
""",,002
1111512002
""""002
11115"2003
"""""'"
11115/2004
""""COS
11115"2005
6.'3012000
11115"2006
""""007
11115"2007
6.'3012000
11115"2008
6.'3012009
11/1512009
613012010
11115/2010
6I3OJ2011
1111512011
6.'3012012
11115f2012
613012013
1111512013
6.'30120"
11/15/201.4
6.'3012015
11/1512015
6130/2016
11/1512016
613012017
1111512017
613012018
11/1512018
613012019
11/1512019
&3012020
11/1512020
&3012021
11/15"2021
&3012022
11/1512022
&301202'
1111512023
&301202.
11115/202.4
&301202'
11115/2025
11/15/2026
1111512027
11/1512025
1111512029
250,000
250,000
250,000
250,000
250,000
SOC,OOO
SOC,OOO
SOC,OOO
SOC,OOO
SOC,OOO
1.000,000
1.000.000
1.000.000
1.000.000
1.000.000
1.000.000
1.000.000
1.000.000
1.000,000
1.000,000
1,250,000
1.250.000
1,250,000
1,250,000
1,250,000
1,250,000
1,250.000
1,250.000
1.250.000
1,250.000
1.250.000
1,250.000
1,250.000
1,250.000
1.250,000
S32.5OO.OOO
(25O,OOO)
(250,000) 14.528
(250,000) 29.056
(250,000) .43.583
(250,000) 58.111
23,396 n.639
24.756 71.279
26.195 69.8.40
27.717 68,318
29.327 66.708
31.032 65.003
32.835 63,200
34.743 61,292
36.762 59,273
38.898 57.137
.41.159 54.876
43.550 52.485
46.081 49,954
48.759 .47,276
51.593 44,442
.54.591 41,444
57.763 38.272
61.120 34.915
64,671 31.364
68,429 27.606
72.406 23.629
76.614 19.421
81,066 14.969
85.776 10,259
90.761 5,274
so 51.296.153
(1.433.333)
(1.433,333)
(1.43J.333)
(1.433,333)
(1.433,333)
(1.433.333)
a99.77a
a99.778
899,778
899.778
899.77a
899.778
899,n8
899,778
899.778
a99,778
899.778
899.TI8
B99.775
899.TI8
899.778
899,TI8
899.778
899,778
899.77B
899.778
899.778
899.778
899.778
899.778
899,778
899,778
899,778
899.778
899.778
562.775
562.158
559,47.4
561.419
562,925
563.756
560.6118
"",337
559.972
559.691
558.476
561.407
558,356
559.9
559.493
558.486
556,430
.58256
558.770
557.972
555,861
$15.690,879
2.028.684
1.995.437
1.948.026
1.903.967
1.853.412
1.803.513
1,764.935
1.710.403
1.660,561
1.602,377
1.549.748
t.549.748
1.549.748
1.549.748
1.549.748
t.549.748
1.549,748
1,549,748
1,549,748
2.187.078
7,570.461
7,567.747
7,566.541
7.562.617
3.920,891
$68.594.380
(834.988)
(584.527)
(569.998)
(559.482)
(545.052)
(534.792)
(524.750)
(510.988)
(497.547)
(460.6'26)
(468,291)
(468.291)
(468,291)
(458.291)
(468.291)
(468,291)
(468,291)
(468,291)
(468,291)
(626.430)
(2.160,364)
(2.138,6040)
(2.129,547)
(2,100.686)
l2,O!l6.337)
/$21,109.389}
100,000
100,000
100,000
100.000
100.000
300,000
296,000
292,000
288,000
284.000
050,000
"',000
848,000
832,000
815,000
$6.200.000
899,778
14.528
899.778
29.056
1.462.553
43.583
1.461.936
58.111
1,460.746
596.035
1,464.051
596.035
1,'61,844
595,035
1.459,252
595,035
1.461.197
595,035
1.452.703
956.398
30>5'
1.17:3.611
25.508
1.140.730
30>0'
2.540.521
1.462.360
2.504.395
1.460.466
2.664.755
1.452.7604
2,632,219
1,459.115
2,587.450
1.459.750
2.547.050
1,459.469
2.501.786
1.458,254
3,3ll7.492
1.461.185
3,291.492
1.45B.134
3,275.492
1.459,227
3,259.492
1.459,271
3,243,492
1.458,2604
2,427.492
1.456,208
2,427.492
1,458.034
2,427.492
1,45B.548
2,427,492
1,457.750
.""'''''
1.455.639
6.660,077
8,679.107
6.686.994
6.711.931
3.074.554
$121.565.363
1995096
1996-97
199798
1Sss.99
"''"''''
2000'"
2001-02
2002-03
"'."17
2007...
2010-11
2011-12
2012-13
2013-14
201..,5

2016-17
201718
2018-19
2019-20
2020-21
2021-22
202223
2023-24
"".."
2025026
2026-27
2027-28
2028-29
202<1-30
59'0,778
914,306
1.491,609
1,505.519
1.518.857
2.060.086
2.057,879
2.055,287
2.057.232
2.058.738
986.633
1.199.1IS
4,002,881
4.006.5111
3.960,040
4.761l.m
4.734.7111

4.701.756
3.8&3.700
3.885.526
3.866.040
3.885.242
',362.322
6.660.077
6,679,107
6.686.f184
6.711.931
3.074.554
$121.565.363
-... ' ......
(1) Deferred Renl elemenl is arnDl'1ized OIl a rate of 5.8111%in aecon1anI:e with theweighled aVer.Jge Artitrage TIC on the three (3) Fin3ndallnslrurneots
that have pn:McIed funding lor !tie S124.55O.OOO in Stadium Irnpn:lYel"l'lelts 01 Suppl. Funds (I.e. Amended Base ConlTad Amounll
(2) Amendrnetll 8 provides ler re:'ll reductions in sill; equal inslallnlenls of$1.433,333.33 to be due t.ilch 11105. 6106. 11106, 6107. 11107 and 6108.
(3) Represents $12.350.000 in Supplemen131 Funds forCOl'lSlnJdion 10 be amortized at rale 016.026% lerthe $12,281.300 funded from the $27.855,000
BOl'1c1s. SerieS 1995 and al a rale 016.15% fer the S68,7OO.OOO portion funded from the $74,995,000 Bonds. Seres 1994 {memo 01 July 8. 1996).
(4) Repre:senISS7,650.000 In Supplemental Funds ferconsln.JClic.l to be linanced pulSUOInllo the $8,285.000 Capil31 Improvemenl Revenue Bonds,
Series 1997 based upon an Arbitrage TlC of 5.452188% CNer 28 years.
(5) Represents $28.100.000 in Supplemental Funds ler construdion to be financed pwsU3nt to lOe $54.135,000 Capit311mprovemenl and Refunding
Reuenue Bonds. Setie$ 2002A based upon an S28.1oo.ooo share oIlhe$40.ooo.000 project
(6) Represents a tedudion 10 Supplemental Rent '310 relied JJl's receipt. and pn!p3yment to the City. 01 Super Bowl Revenues In the amOUl'lI 01 $10.197,891.
Pursuant to Section 5(01) 01 Supplement 5.lhe reductiOn was allocaled in direc:l proportion to !tie Supplemental Rent'3 and was applied on the of
JJL's COntlibutiOl'l ($28.100.000) as a pen:erllage of the $40.000.000 PftIied (actual 01$39,615.774 was used for this
which c:orre;ponds to 70.93%. or S34.2M of the net bond proceeds ($54.135.000 less 010 or5545,000 less OISIR of 55,390,0(0), which was
further' aq'usled to an agreed upon Atbitrage TlC ol4.B3%.
(7) Represents. 55.000.000 in Supplemel'\tal Funds fer lXIl'IStrudion and pursuant toAmendmet'lt 7. with interest at 2"h anl"lU.ally,
al'ld paymenlS made as lolloWs: years 1 through 5 are inleteSt QIl/y. years, 6lhrough 10 are interest pIos 5200.000 princip3Vyear. and years 11
lhrough 15 are inlerest plU$ $800,000 prlncipal/)ear. with the final paymenl to be 3 balloon pa)menl of any ac::rued Interest and unpaid princlP31.
21
EXHIBITE
Stadium Signs
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Entertainment Zone: Cabana Roofs
Five Cabana Roofs
Two Signs Per Roof (One Per Side)
Not Exceeding 225 Square Feet Per Sign
Page 22
3
Sponsor
Name/Logo
; ~ - .
Entertainment Zone:
One Sponsor Globe
Not Exceeding 16 Feet in Diameter
Four Column Signs:
Not Exceeding 10'High by 42" Wide
Paj!e 23
'::.."..
Entertainment Zone:
Interactive Games Signs
14 Sign Structures
3 Sign Faces Per Sign
Not Exceeding 14' X 2' Per Sign Face
Page 24
~ >
"':".
Escalator Towers
Four Banners Per Escalator Tower
16 Banners Total
Page 25
PMS I'mte

b
t

!
..
8.
30'
Sponsor Name / Logo
SC3Ie: 118""-1'
SqUanl Footage: 175.0

Specfflcatlons:
Manufacture and install two intemaly iumnated singIe face signs.
Graphics " ".............. .. .. cut vinyl graphics to be
applied first surface.
Poles 8 steel, attach9d to
anchOlbolt basa
Face :... . \lihit8 panaflex faces
Galline!... " " painted blad<. L retafiers. 6" d<>ep
Practice Field: North
Two Single Face Signs, As Shown
Page 26
Specifications:
Manufacture and instal approximately 10 double face banoers.
Graphics Computer art w-oyl gra phics to be
applied first surface.
Quantity 10 be specifOld by customer
Mounmg mounled perpencflcuJarlo tight
poles, two on each, height to be
delermiled
----".(1' QA.l----
Logo
I Scale: y,"" l'
ISquare FooI3g8:42.0 ea.1
CoIcrKey
WhITe barvw I
7725-12, B1ad<
Practice Field
-"-." # ' ~ ."......
"r
----.
:<:: .
Pole Banners
Not More Than 10 Double Face Banners
Fence Wrap Signs
150 Square Feet of Copy Area
Per Side of Fence (600 sq. ft. total)
Page 27
""".'!';-':"':"_-'- "=".--:-".
I ......
Sponsor Name/ Logo
2'
Specjflcatlons'
Manufaetu'" and install two internally jkJmjnated single face signs.
Graphies......... . Compute r cut vnyl graphics to be
applJec frs! surface.
Poles 8" st l. attad>ed to
anchorboIt base
Face white panaflex faces
CabioeL painted black. "Z' retainers, 6" d ""I
PMSWlVte
30'
Scale: 118"'1'
Square Fool:>ge: 150.0
3630-22, Black
Practice Field: South
Two Single Face Signs, As Shown
Page 28