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<br /> n <br /> ,FlUG-19-1996 11:57 CITY OF 5HOREVIEW P.04/05 <br /> , 0-3 <br /> ~. rental of ice time as discussed in the Master Agreement, or for improvements to <br /> the Ice Arena Complex. The escrow fund will be limited to a maximum of <br /> I $ , At the end of this agreement, the CITIES will return any remaining <br /> monies in the Escrow Fund to the HOCKEY ASSOCIATIONS. <br /> I D. Rental Income Shortfall. - In the event that the CITIES fail to meet the annual <br /> rental income requirement, the CITIES will first use the escrow fund that will be <br /> , established and funded as provided in this agreement. If the monies available in <br /> the escrow fund are insufficient to meet the annual rental income requirement, any <br /> further revenue shortfalls will be split by the CITIES in the following manner: <br /> I TOTAL <br /> % POPULATION % PARTICIPANTS SHORTFALL <br /> I CITY y 5 oj. x.5 PERCENTAGE <br /> Arden Hills 6.5% 9% 15.5% <br /> I Mounds View 9% 4% 13% <br /> New Brighton 16% 9.5% 25.5% <br /> Shoreview 18.5% 27.5% 46% <br /> I The population percentages will be adjusted actually based on the Metropolitan <br /> -- Council's population estimate and the United States census. The participant's <br /> percentages will be adjusted annually based on the actual number of participants <br /> by community provided by the HOCKEY ASSOCIATIONS. <br /> I VI. USE <br /> I Rights and Obligations in scheduling ice time: <br /> I. In exchange for the financial contributions detailed above, the HOCKEY <br /> I ASSOClA TIONS will have the right to schedule 80% of the available ice rental <br /> time at the regular hourly rate during the "Prime Time", as long as it does not <br /> conflict with the obligations set forth in the Master Agreement. <br /> I 2. The HOCKEY ASSOCIATIONS will have the opportunity to host a tournament <br /> I using all four ice surfaces for one weekend during the prime time period, <br /> consistent with the provisions of the Master Agreement. <br /> I 3. The CITIES agree to provide the HOCKEY ASSOCIATIONS first opportunity to <br /> reserve additional ice time at the regular hourly rate during prime time that is not <br /> used for other community programs, <br /> I 4. The HOCKEY ASSOCIATIONS agree to provide both prime time and non-prime <br /> it time ice to both boys' and girls' youth hockey programs in a fair and non- <br /> discriminatory manner, consistent with the requirements of State statistics. <br /> I <br />