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<br /> -'_W L}l...Lun I ur~ TEL:6382044 Hug 19'96 16:55 No.024 E.02 <br /> I ,., 0;. <br /> . NATIONAL SPORTS CENTER 4,/ <br /> BIIAR <br /> I ICE ARENA <br /> MASTER AGREEMENT luDe 18, 1996 <br /> It <br /> The JlIIll:ies .".. u 10110"'.: <br /> I J. PURP08.E <br /> The jlUrpoae of Ws agreement Is to enable !be con$!nIcUon and O~ratlon or I facility COIISI&IJJ1g of <br /> fOllr olymplc sized ice sw1acea and rclate4 facUlties On the pr'Opcny of the NadODal Sports Ccnlcc, <br /> I 1700 lOSth Avclluo NE, Blaine, Mhme:iota. Thl.a agreement is inlended 10 Sovern the riihts. oblisa- <br /> dons IUld cum.l~! ollhe "parti"" (AS herclna&c lk:fillCd) with _peCI to the COn$IrucCion. oporllllon <br /> lUId financiag of the fllCllity. "PartJes" consJ'tln, of morc lJllll1 OIlC endly may have agreel1lMl& 8lnong <br /> I one anotller not jnCOllS.ls~nt with We agreement. 11 iij undentood that Anoka Counly may require cer- <br /> taln covenlll>lr III COllllCCticm wJth the tlnand"S nf fhe facility. Such coven8llti, 10 the extent inconsis. <br /> tont willi tIl1s asreomeDI tab P~nce over thli lIgrwmcnL This a&recmollt is lIuthorized and cxo- <br /> I CUtecl pllnuant to l\IfIlIIICIOla Statute. Scctlon 471. '9. <br /> n. PAJtt1Es <br /> I The ll\'ll patticla fO thI. opeoment _, <br /> (I) City of Moundsview. Cily of Arden Hills, City of Now ElriBllfOll, City of Shore view and School <br /> Distric' *"121, hereinafter "MANSS." <br /> I (2) City of 811llne, bc:n:lual\oa' ''BL.\lNIl.'' <br /> Ie (3) City of Coon Raplda, hcn:lnaftor "COoN RAPIDS." <br /> I (4) City of Pore&t Lake, Clly of Spring Lake ParJc, bele1naftcr "FOSLP." <br /> (5) MinGeIOla AmalelJr SPolta Collllllissloll. hereinal\er "MASC." <br /> I m TERM <br /> ThiJ ~t slWl be el'tec:tlve lIS of Ihc date let forth above. 8Ild shall tl:nninata on lilt later of the <br /> I firsl clay of JIID.IIaIy Of !be year 20 YCVB followlnllhe date 00 which the bondB SOld fO tlnll/lce lhe <br /> lII'ena llI'e iSluM Md delivered OIlhe day folloWllIi the flnallDlllurity dale of the bonds. <br /> Iv. I'INANClNG <br /> I It iB cOIItelllpl1lted that !be COnstruaioQ and related cash costs of tbe fllCiIlt)' wHI be approXImately <br /> $8.000.000,00 (eight million dollllh) and that lheae C(lSI~ wIll be home by The ptI/1les as tallows: <br /> I DOWNPAYMENT <br /> &ell I'AllTY except MASC wllJ pay 10 MASC It duwnJ'llYIIlClII U{ $500,000 (flve hwxln:d thouqnd <br /> dolllll'S) in caah as described In PART IV below. <br /> I It il a3l'CCd that the MASC conlriblllion of land and related tKJlJtles iood. IIDd OlTVices d"=ihM In <br /> Ella'bk - COllBtitUle Irs entire obllgarioo under the dO\llllpayment Wrtlon of FINANCING. <br /> I ~-- _.. -- ''''~ - <br /> 7871 .; <br /> " 1 Scn <br /> I....<a.-".........'l . "'lIt....-~4q <br /> . <br /> - <br />