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<br />- . "'_' ,;.V, .;JV ~ J .-t<J r..1...I.. 10';';)"''''' . ~ .:J \.. <br /> i(ljUU~(Ul;) <br /> I <br /> together wi tl1 an opinion of counsel to rhe Subdivision as the validity 1 <br /> of rhe action of the Subdivision asmming rhe obligation for the <br /> Guaranteed Hours, with both the resolurion and opinion required to -- <br /> be in rhe form ~cceprablc to MASC and Anoka Co un'}'. <br />MASC may assign its Sheer Hours and its Addirional Hour< <br /> to any politic~l subdivision authorized by law to assume rhe I <br /> obligations for Guaranteed Hours under this Masrer Agreemenr, <br /> induding rhe obligation to levy for Operating Expenses, if necessaty <br /> under G(1)(a), upon the filing of a cetrificate with the Joint Board I <br /> and Anoka County execurcd by rhe MA5C and rhe subdivision <br /> asswning rhe MASC obligation, and accompan ied by a resolution of <br /> the subdivision to which ,he Guaranteed Hours have been transferred <br /> aurhorizing rhe subdivision to (i) enter into rhis Master Agreement (if I <br /> rhe subdivision is nor already a party ro this MaSter .-\greement) and <br /> (ii) assume the obligarion for Guaranteed Hours, rogerher wi,h an <br /> opinion of counsel to rhe subdivision a, ,he Y;llidity of the ~ction by I <br /> the subdivision ,""suming the obliga,ion for the Guaranreed Hour.', <br /> with both rhe resolution and opinion required '0 be in a form <br /> aceeprable to Anoka County. I <br />Blaine, Coon R:1.pids, and any political subdivision nor a parry <br /> to ,his Ma'ter Agreement on the effective date hereof who <br /> subs~quendy becomc:; a parry (0 this Master Agreement. ma.y assign I <br /> ies Guarameed Hours ro any political subdivision authorized by law <br /> eo assume rhe obligations for Guaranreed Hours under rhis Master <br /> Agj'eement, including rhe obligation ro levy For Operaeing Expenses, .. <br /> if necessary under G(l)(a), upon (i) the approval of rhe assignment by <br /> the Joint Board and A.noka County, which approval is to be based <br /> upon che financial capaciry of the assignor, whi~h approval 1113.Y not I <br /> be unreasonably wirhheld, (ii) rhe filing of a certificate with the J oim <br /> Board, MASC and Anolo County executed by rhe party assigning the <br /> Guarameed Hours and the subdivision assuming the obligation, for <br /> rhe Guaranteed Hours, and accompanied by a resolurion of the I <br /> subdivision", which the Guaranceed Hours have been transferred <br /> authorizing dle subdivision (0 (i) enter inro [his Master Agreement (if <br /> the subdivision is not already a parry ro this Master Agreement) and I <br /> (il) assume the obligarion fot the Guaranteed Hours, rogerher with .n <br /> opinion of counscl to the subdivision as the validity of the acrion by <br /> the subdivision asswning rhe obligation for rhe Guaranreed Hours, I <br /> wirh born rhe resolution and opinion tequired [0 be in a form <br /> acceptable ro MACS and A.noka County. <br /> c. B udger -- I <br /> MASC shall submit a proposed annual budger (hereinaf,er referred to <br /> as rhe "Annual Budget") to the Board at leasr 120 days befote rhe beginning <br /> of a n= calendar year (hereinafrer referred to as the "Fiscal Year"). Such I <br /> Annual Budget shall indude an hourly tate (the "Guaranteed Hourly Rare") <br /> to be charged for ice sheer remal at a level such thar projecred Guaranteed <br /> Remal Income, if received, will be adequate to pay all Operating Expenses, as <br /> defined below, a nd Bond Expen,.s for the following Fiscal Year. In addition. I <br /> rhe Annual Budget shall esrablish rental charges for its eime above and <br />6 .. <br /> I <br />