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<br /> .U...Y NtW l:Wll>HIUN ItL:0.)oLU44 J u j 11 :0<0 1.):4~ No.uUo ~.U1 <br /> - <br /> . NATIONAL SPORTS CENTER <br /> DRAFT <br /> ICE ARENA <br /> . MASTD AGREEMENT JUDe 18.1996 <br /> 'l1ID paltioa ap . foJIOW8: <br /> I. PUItPOSK <br /> The pul'p'JSC of \his agteelMntls to euble the con~\1'\ICtion and operation or I hclllty OOllll&tlrIg of <br /> fflllT nlymp!c a!z.ed ice surftcel and I'I:IJUed facllltles on the property of the Nadonal Sports Center, <br /> 1700 lOS\h AVClll.lO NE, Blaine. to-'.1nnllsotL This .~t i, intended 10 govern lbe nihil, obliga- <br /> tion. IIlIU CUllliWI of lite .'partica" (aa ~lnaftu ~fmcd) wllh _p9<'1 ~o th. eonslrllCtion. operation <br /> IUId fillanci.g of tho faelll1y. "Partl." collSlit1llg of illQIl; lhan one eout, ma, have agrHmcllts ImOI1I <br /> ope another not incollli&tcnt withlhia IptetllCllt. lib unden&ood thai Anoka County mllY r:quire cer- <br /> tain covonlllll$ in co_tlon with the tinnndne nf rhe facill~. . Such covcnll1l1. 10 tho extent inconais- <br /> lent "'lib this agn:ement em precedonce over this agroelMnl This apmcnl il authorized IIlId cxo- <br /> cuted purwant 10 MinnesotI SWU\tll1 SCcIlon 411.59. <br /> D. pAa1'lElJ <br /> TIle five pIIttioa to thla ~ In: <br /> (I) City of Moundaviow, City of Arden Hllls. City of New BtiptOD. C11y of Shorevlew an(J School <br /> DiSfTlCf tl\21. hereinafter "MANSS." <br /> (2) City ofBlaIM. hm:U.at\or "BLAlNII." <br /> . (3) City ofCocm Rapid;, b=lmuler "COON Rl4>IDS." <br /> (4) Cil)' of fOre3t Lake, City ot Spring LaKo Park, bctcinaftcr "FOSl..P." <br /> (5) MiDlIe8Ot8 AmateUr Sports Comlnission, hereinafter ..MASC.... <br />- m TERM <br />- 1'hiJ aareemen! &hill! bo effective lIS or Ihe date set tolth above.lUId shall tmnil1al.e on rhe laler of the <br /> fitst lIay of JlIllUII.\'Y of !he )'eII' 20 yem followin, the date on which tJlo bondlsold 10 tlnll/lce the <br />. arena ate iuued ~nd deliv~ or tt.e day followlna 1M final lnlltlll'llY dlllll of the bonds. <br />. <br /> IV. fINANCING <br />I It is contemplated that \be cons\tUCllon and reMed c8Ih costs of the fiICiiity wlli be approxlmlltely <br /> 58,000.000.00 (e1sbt millioa dolllll'll) IUId lbat these costs will be borne by the parties 81 follows: <br />I DOWNPAYMENT <br /> tiaCh I'Aln'Yexcept MASC will ply to MASC II downpayrncul ut $SOO,OOO (tin hutllim thoulSll1ld <br /> 4ollan) in ClIIh lIS deocribed la PART IV below. <br />I It II ~ that !he MASC ClODlribll\lOll. olland Il/Id N!alee! f'ill:lIitie. 80ndo ond ~icea clr.r.rihM in <br /> ExhIbit _ constitute its eatiro obJlglllion under the downpayment portion of FINANCING. <br />I. --- -" ~ ",- <br /> -.- - - <br /> Poet-It" Fax NOla 7671 Oaze -, <br /> 1 <br />I """" \~ <br /> Co. <br /> Phone . Phone " <br />I F~' Fax. <br />