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<br /> ---- <br />I Jhr,-Uti-l;,';:) , 1:;.;11 '~i.! I L,t- .;::;ML,;r-<t:."it:.., t-.U4-U':l <br />I and 1000 hours from the COUNTY Ice Arena system <br />~ pursuant to this Agreement, the HOCKEY ASSOCIATIONS <br /> agree to the following: <br /> a. Purchase 2090 hours of ice time during each <br /> year at the "regular hourly rate" for the <br />I entire term of this agreement at the National <br /> Sports Center Ice Complex, less any time that <br /> is used for co~nity programs, school <br />I dietrict programs, or any third party users of <br /> the facility that are credited to MANS <br /> financial guarantee. <br />I b. l'urchase 1000 hours of ice time during each <br /> year from the COUNTY Ice Arena system at the <br /> COUNTY's "regular hourly rate" for the entire <br />I teJ:ll\ of this agreelllent. The ice tae will be <br /> purchased between October 1 and March 15, <br /> including at least 16 hours per weekend. <br />I 3. The COUNTY will allocate 1000 hours of ice time to <br /> the HOCKEY ASSOCIATIONS consistent with historical <br /> allocations. The COUNTY, at the request of the <br />I HOCKEY ASSOCIATIONS, will, prior to October 1 of <br /> each year, attempt to reallocate any hours of ice <br /> time assigned to the HOCKEY ASSOCIATIONS that the <br /> BOCl':EY ASSOCIATIONS determine to be surplus. This <br />Ie reallocation effort on the part of the COUNTY does <br /> not reli.eve the HOCKEY ASSOCIATIONS of their <br /> responsibility for the ice time unless the ice time <br />I is purchased by other users. All hours of surplus <br /> ice t~e not accepted by other users shall remain <br /> the obligation of the HOCKEY ASSOCIA'r:IONS. orhe <br /> HOCKEY ASSOCIATIONS may not sublet or sell hours of <br />I ice tillle at Ramsey county arenas to other Ramsey <br /> County user groups without prior approval from the <br /> COUNTY . <br />I 4. Escrow Fund. MANS agrees to establish and maintain <br /> as a separate account at one of its member <br /> municipalities a $300,000 escrow fund throughout <br />I the term of this Agreement. The Finance D~rector <br /> of the selected municipality shall be the escrow <br /> agent and shall administer the escrow account <br />I pursuant to the terms of this Agreement. The <br /> escrow fund will be used for the purpose of meeting <br /> the annual financial obliga.tion of MMlS as it <br /> relates to the rental of ice time referenced in <br />I Section V.B.2. above, and the Master Agreement. <br /> The escrow fund will be funded in the following <br /> manner: <br />I 3 <br />~ <br />I <br />