CCP 01-27-1997 - Laserfiche WebLink

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-- VJ.. ..;.) ,:;! I .l..;J,.1 r.1....}. 10:).;)01;;:;1 .":::>l". I.€.IUUJiUl-i " I agreemem among the MASC, rhe HRA or Anob County (hereinali:er referred to as the "Financing I Agreement"), and rhe r,,-,oImions of rhe HRA and Anob County and the Financing Agreement, rogether wirh any other documents entered into among the MASC, the HRA and Anob County in el connecrion wirh rhe issuance of the Bonds (hereina1i:er collectively referred to as the "Bond Documenrs"); and WHEREAS, as a condition of issuing the Bonds, the Bond Documems require a collateral I pledge of the Master Agreement to rhe Trustee for the Bonds. NOW THEREFORE. the parries hereto hereby agree as follows: I I, TERM This agreement shall be effecrive as of the date set forth above, and shall terminate on the earlier of the firsr day of]anuary, 2024, at rhe final matU!ity dare of the Bonds. This Master I Agreemen, shalJ remain in effect unci[ the final marurity date of the Bonds notwithsranding any redemption of rhe Bonds in .dvance of the maturity date thereof. The Subdivisions .od Ramsey County shall have the continued right to participate as per section XI. I II. FINANCING It is concemplated rhat rhe total COSt of rhe design. construcrion and securing financing for the Facility. including any initial deposits fa, capiralized interest and reserves required under the I Bond Documents (hereinafter referred to as the "Total Development COstS") will be approximately . $9,500,000.00 (nine million five hundred thousand dollars) and is .gteed rh.r these cOstS will be paid from a combin.rion of (i) the Bonds, (ii) non-cash comributions by MASC, (ili) cash I contributions from rhe Subdivision, and Ramsey County, and (iv) grants to be made by MASC to municipalities from bond proceeds of rhe State of Minnesora which have been appropriared to MASC for this purpose (hereinafrer referred to :IS "Mighty Ducks Gtams"). The Total el Development Com will be made available for rhe Facility by rhe parties as follows: DOWN PAYMENT, MANS. MASC, Blaine and Coon Rapids will deposit with MASC in escrow a down payment in rhe amount of $500.000 (five hundted thousand dollars) in cash as I described in PART IV bclow. Ramsey County will make the $500,000 paymem on behalf of MANS. It is agreed that, in addition ro a ca.sh down payment, MASC agrees ro make available the I land on which rhe Facility will be locared and access thereto, as well as the relared facilides and equipmem described in Exhibit C. I MIGlfIY DUCKS GRANTS, Ir is anticipared thar Mighty Ducks Granrs will be made to municipalities for the purpose of the Facility in rhe amoum of least $500,000 (five hundred rhousand dollars), and "lat rhe Mighty Ducks Grants will be directly comributed by rhe recipient to I MASC or orhetwi.. assigned under this Master Agreement or the Bond Documents in order to make rhe proceeds of rhe grants available for rhe Facility, Any such grants.s may be awarded will be in .ddirion to rhe down paymenr requirements referred to above. I BONDS, MASC agrees to use its bcsr efforcs to obrain net fimncing available for conHruccion and permanenr financing from the proceeds ofrhe Bonds to be issued from rhe HRA under the Bond Documents in rhe amount of not to exceed $9,000,000 (nine million dollars). I E..h party will cooperate with Anok. County or its dcsignC(: and will perform such covenants and obligations as it undertak"" ro Anob County. A. more fully set forch below, all rights I gramed under this Masrer Agreement will be assigned to rhe bond crustee under rhe Bond 2 -. I