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<br /> I B-1 <br /> I () I~^ <br /> ,. NATIONAL SPORTS CENTER ICE ARENA ~4,('1' <br /> MASTER AGREEMENT AMENDMENT <br /> I ARTICLE III. A LIMITED PARTY <br /> Ramsey County shall be a limited party to this agreement with <br /> I certain rights and obligations defined herein. As a limited party, <br /> Ramsey County will contribute the down payment of five hundred <br /> thousand dollars ($500,000) on behalf of MANS. In consideration of <br /> , Ramsey County's financial contribution, MANS will, through the life <br /> of this agreement, guarantee the purchase of 1,000 hours of ice <br /> time. between the period October 1 and March 15 of each year, <br /> including 16 hours on weekends from existing Ramsey County arenas. <br /> I As further consideration, the MASC and the National Sports Center <br /> Ice Arena Board of Directors grants to Ramsey County the right of <br /> first refusal for provision of ice time at its arenas for MASC <br /> I programs that exceed the capacity of the National Sports Center Ice <br /> Arena. <br /> I As a limited party, Ramsey County will have the following rights: <br /> 1) Ramsey County will have membership on the board of <br /> directors (in lieu of MANS) as described in Article VI.D. <br /> .. of this agreement. <br /> 2 ) Ramsey County will have the right to name, select colors <br /> I and graphics for one arena within the National Sports <br /> Center Ice Arena complex. <br /> 3 ) Ramsey County will have the right to establish general <br /> 1 ice allocation policies for one arena that assures Ramsey <br /> County residents priority consideration for all prime time <br /> ice. It is recognized that MANS will receive first <br /> I priority for ice time under this ice allocation policy. <br /> 4) Should the facility generate profits in excess of the <br /> I amounts necessary to maintain the reserve defined herein. <br /> Ramsey County shall be entitled to the 20% share of the <br /> total additional profits as described in Article VI,G.4. <br /> I Nothing herein obligates Ramsey County to secure or guarantee <br /> annual rental income for the facility. All obligations for the <br /> rental income shall be the rco~onsiblc of MANS and other parties to <br /> , this agreement. ~~',"""'<:~ '-:'\~7 <br /> I <br /> f' , <br /> I <br />