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<br /> Vol .;.-.) ~; ol..,;..1.0 r,ti I !j<>;)I:)~:;:I .\~i..- l€:J uu.:.,' U!-t
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<br />I NATIONAL SPORTS CENTER 1/17/97
<br />.. ICE ARENA
<br /> MASTER AGREEMENT
<br /> THIS MASTER AGREEMENT shall be effective as of the fim day of]anuary 1997, and is
<br />I made and emeted imo by and between the State of Minnesoca acring rhrough the Minnesota
<br /> Amateur Sports Commission (hereinafi:er referred to as "MASC"), rhe City of Mounds View,
<br /> Minnesota a political subdivision of rhe State of Minnesota (hereinafter referred to as "Mounds
<br /> View"), the City of Arden Hills, Minnesota, a political subdivision of rhe State of Minnesota
<br />I (hereinaErer referred to as "Arden Hills"), the City of New Brighcon, Minnesora, a politieal
<br /> subdivision of the State of Minnesota (hereinafter referred co as "New Brighton"), rhe City of
<br /> Shoreview, Minnesota, a political subdivision of the State of Minnesota (hereinafter referred '0 as
<br />I "Shoreview"), (Mounds View, Atden Hills, New Brighton and Shoreview referred to herein as
<br /> "MANS"), Ramsey County, a pol ideal subdivision of the Slate of Minnesota (heteinafter ref cered '0
<br /> as "Ramsey") rhe City of Blaine, Minnesota, a political subdivision of the Scare of Minnesota
<br /> (hereinafrer referred ro as "Blaine"), and the City of Coon R1pids, Minnesota, a politkal subdivision
<br />I of rhe Scate of Minnesota (hereinafrer referred to as "Coon Rapids") (each of the parties heteto other
<br /> man MASC and R1msey County collectively n:fetred to herein as "me Subdivisions),
<br />I WITNESSETH:
<br /> WHEREAS, MASC in partnership with the Subdivisions and Ramsey County, has aurhority
<br />I to design, construct, own and operate a four sheet ice arena and auxiliary facilities (hereinafter
<br /> refeered to as the "Facility") (Q be located on rhe property owned by MASC consisting of the
<br /> National Spons Cemet located a' 1700 105thAvenue NE, in the City of Blaine, Minnesota
<br /> (hereinafter referred '0 as the "NSC") pursuant to au,hority granted ro it under Minnesota Statutes,
<br />I. Chapter 240A (hereinaher refeered co as rhe "MASC Act"): and
<br /> WHEREAS, rhe Subdivisions and Ramsey County wish (Q emer inro an agreement with
<br />I MASC under Minnesom Statutes, Section 471.59 under which the Subdivisions will participate in
<br /> the financing of rhe ownership and operadon of the Facility a!;tcc to pu<chase certain portions of me
<br /> ice ,ime available in the Facility, and provide certain guarantees needed to ~ccomplish me financing
<br />I of rhe Facility, all pursuant to authority granted to rhem pursu~nr to Minnesota Statutes, Sections
<br /> 471.59, and 471.191, Mjnnesot~ Smutes, Chapter 475 and various general ~nd special laws and
<br /> charter provisions governing rhe operation of rhe Subdivisions, and
<br />I WHEREAS, the MANS Subdivisions and Ramsey County have entered into cerrain
<br /> Supplemental Agreements tegarding the concriburion of capira! to the Facility attached hereco as
<br /> Exhibi, A:, and
<br />I 'WHEREAS, each of me Subdivisions and Ramsey County have adoptcd resolutions
<br /> approving participating the financing of the construcrion and operation of rhe Facility pursuant to
<br />I ,his Master Agreement in the fotm for each Subdivision and R1msey County as attached in Exhihit
<br /> B; and
<br /> WHEREAS, the facility is intended to be financed with capital contributions from me
<br />I parties hereco and with the proceeds of bonds to bc issued by the Anoka County Housing and
<br /> Rcdcvelopmenr Aumority (hereinafter referred ro as rhe "HM"), further secured through me
<br /> issuance of general obligation bonds of Anoka County (hereinafter referred to as "Anoka County"),
<br />I pursuant ro a resolurion or resolutions of the HRA and Anoka County and an agreement among rhe
<br /> HRA, Anoka County and MASC governing the issuance of rhe bonds, rhe security for the bonds,
<br /> and the responsibilities of the MASC (the HRA bonds hereinafrer referred co as the "Bonds"), thc
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