CCP 01-13-1997 - Laserfiche WebLink

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I ..1.'<: ';;:;Vi:::ltl l { ;...V .t.:U. '~;)':H)~.tl :":)L ~._.- ~UUi.'Ul;j . b. Obliga,ions ~ (i) MASC and the Subdivisions are obligated to pay rental income for ,he Facili,y annllally in an amOllnr eqllal '0 rhe number of hours ser forrh below (hereinafter the "Guarante"d Hours") times ,he regular hourly [are (hereinafter teferred to as "Guaranteed Rental I Income"). Blaine, Coon R'pids, MANS and MASC shall have the right '0 sell dasher board signage in rhe icc sheer assigned to them as per the policy of d1e Joint BClard ro sponsors and adverrisers from its . relared community, and all proceeds acmally raised by such party may be used as a credit againsr tha, party's Guaranteed Rental Income. MASC has ,he riglus to sell dasher board sigl'lage to regional sponsors as part of overall f>ciliry sponsorship for rhe bencfi, of the facility. I No party may sell ,ignage in conflic, with overall facility sponsorship. (il) Blaine, Coon Ihpids MASC and MANS each shall be I obligared to pay Guaranteed Rental Income pursuant to this paragraph (ll) in amount equal ro two thousand eighty (2,080) Gllaranteed HOllrs annually (the MASC guo.ranreed Hours under this paragraph hereinafter referred to as rhe "MASC Sheet HOllr"). . In addition to che above paragraph. MASC ,hall be obligated to pay Guaran,eed Remallncome ar ,he Guaranteed Hourly Ra,e for I an additional [wo rhousand eighty (2,080) Gllarameed HOllrs (rhe MASC Guarameed Hours under ,his paragraph hereinafter ,eFerred to as "MASC Addirional Hours"). .. The MANS Subdivisions shall be obligaroJ to pay Guaramecd Renml Income pursuan, ro this paragraph (b) Th" fOl'lnula for dl.e allocation of guaral1!cc-is pursuatu ro an agrctme.1u I between ,he MANS parcies. The initial allocation ro each MANS Subdivision is the following percenrage of 2.080 Guaran,eed Hours: I Mound, View _ % Gllarantee Obligarion Arden Hills _ % Guarancee Obliga,ion New Brighron _ % Guarantee Obligation Sho review _ % Guaran,ee Obligation . Ar leasr 30 day, before the beginning of each fiscal year MAi"\lS shall no,ify MASC of any chang<:$ in rhe above allOtment I formula. If MASC does no' recoive notice in any subsequenr year, the previous allocations shall apply. I Oii) Panios to this Masrer Agreement may be released from their obligations under this paragraph (b) for Guarameed Hours under ,he following condi,ion" I The MANS Subdivisions may assign rheir Guaranroed Hours to orher MANS Subdivisions upon rhe filing of a certifioato wim ,he Joim Board, MASC and Anoka County execured by bodl I Subdivisions, and accompanied by a resolurion of the Subdivision ro which rhe Guarameed Hours have been rransferred aurhorizing me Subdivi.,ion '0 assumo the obligation for rhe Guarameod Hours, tt 5 I