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<br />1 NATIONAL SPORTS CENTER \2/21/96
<br />" ICE ARENA
<br /> MASTER AGREEMENT
<br /> THIS MASTER AGREEMENT shalt be effecrive as ofrhe fifS( day of January 1997, and is
<br />I m~de and emered inro by and berween rh" Stale of Minnesota acring rhrough the Minnesora
<br /> Amateur SpOrtS Commission (hereinafter referred ro as "MASC") , the Ci,y of Mounds View,
<br /> Minnesota a political subdivision of me Sr"" of Minnesora (h",einafter referred to as "Mounds
<br />I View"), rh" City of Arden Hills, Minnesota, a political subdivision of the Stare of Minnesota
<br /> (hereinafrer referred to as "Arden Hills"), me City of New Brighron, Minnesota, a political
<br /> subdivisioll of rhe Scare of Minnesota (her_in alter referred ro as "New Brighron"), the Ciry of
<br /> Shoreview. Minnesora. a political subdivision of rhe Srare ofMillnesora (hereinafter referred to as
<br />I "Shoreview"), (Mounds View, Ardw Hills, New Brighton and Shorc;view referred to herc;in as
<br /> "MA.NS"), Ramsc;y County, a politico! subdivision of rhe Srare of Minnesora (h"reinafter refened ro
<br /> as "Ramsey") the Ciry of Blaine, Minnesota, a political subdivision of the State of Minnesora
<br />I (hereinafter referred ro as "Blaine"). and rhe Ciry of Coon R:1pids, Minnesora, a political subdivision
<br /> of rh" State of Minnesma (hereinafter refened ro as "Coon R:1pids") (each of rhe parries hereto orher
<br /> than MASC and Ramsey Couney coliecrivdy referrod to het"in as "me Subdivisions").
<br />I WITNESSETR
<br /> WHEREAS, MASC in partnership wirh rhe Subdivisions and Ramsey County, h.s aumoriry
<br />I ro design, construct. own and operate a four sneet ice arena and auxiliary facilities (hereinaftet
<br /> referred to as the "Facility") to be locatcd on the property owned by MASC consi,ting of the
<br /> Nacional Sports Cemer loeared 11' 1700 105m Avenue NE. in the Ciry of Blaine, Minnesota
<br />.. (herdn.fter referred to as the "NSC') pursuant to authority granted to i, under Minnesota Sratutes,
<br /> Chapter 240A (hereinafter r"ferred to as the "MASC Act"): .nd
<br />I WHEREAS, the Subdivisions and R.1msey Counry wish to enter into an agreement with
<br /> MASC und", Minnesota Statutes, Seetion 471.59 und"r which the Subdivisions will pa.rtkipate in
<br /> the financing of the ownership and operation of rhe Faciliry agr'" to purchase c"reain portions of the
<br /> ice time available in ,he Facility, and provide certain guarantees needed to accomplish the financing
<br />I of the Facility, .ll pursuant to authoriry gramed to th"m pursuant to Minnesota Statmes. S"etions
<br /> 471.59, and 471.191, Minnesota StatuteS, Chaprer 475 and various genetal and sp"ciall.ws and
<br /> chart"r provisions governing rh" operarion of the Subdivisions, and
<br />I WHEREAS, the MANS Subdivisions and Ramsey County have e",ered ineo certain
<br /> Supplememal Agreements rcgatding thc contribution of capital to rhe Facili ty attached her"to as
<br />I Exhibit A: and
<br /> WHEREAS, each of th" Subdivisions and Ramsey Counry have adopted resolutions
<br /> .pproving participating the financing of the constrl.lccion and op"ration of the Facility pursuant to
<br />I this Mast'" Agreement in the form for ead, Subdivision as artachd in Exhibit B; and
<br /> WHEREAS, the faciliry is intended to be financed with capiral contributions from the
<br />I parries hereto and with the proceeds ofbondi to be issu"d by the Anoka County Housing and
<br /> Redeve1opffi"m Amhority (hereinafter referred ro a" rhe "HRA"), further secured through me
<br /> issuance of gen",al obligation bonds of Anoka County (hereinaner referred to as "Anoka COurlty"),
<br />I pursuant to a resolution or r",olutions of the HR.-\ and Anoka Counry and an agreement among rhe
<br /> HRA. Anoh Counry .nd MASC governing the ismance of rhe bonds, the ,"curity for ,he bondi,
<br /> and rhe responsibiliti", of ,he MASC (rhe HRA bonds hereinaner referred to as th" "Bondi"), the
<br />fI .greemenr among the MASC, the HRA or Anoka County (hereinaft<:r referred to as rhe "Financing
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