CCP 01-27-1997 - Laserfiche WebLink

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V-L'..;"." -L-:I:.-L~ r.i....... j 0,).)0;:1,:1 .~ ::H.. 'f:j UUO' U.L-i I Ie b. Obligations (i) MASC and the Subdivisions are obligated to pay rental income for the Faciliry annually in an amount equal to the numbet of I hours Set fotth below (heteinaner the "Guaranteed Hours") times the regular hourly rate (hereinafter referred [Q as "Guaranteed Rene,,] Income"). Blaine, Coon Rapids, MANS and MASC shall have the I rigbt [Q sell dasher board signage in the ice sheet as<igned [Q them as per the policy of the J oim Boatd [Q sponsors and advertisers from its related community, and all proceeds actually raised by such party =y I be used as a credit againsr that parry's Guaranteed Rental Income. MASC has the rights [Q sell dasher board signage [0 regional sponsors as parr of overall taciliry sponsotship for the benefit of the facility. I No parry may sell signage in conflict with overall faciliry sponsorship. (ij) Blaine, Coon Rapids MASC and MANS each shall be obligated to pay Guaranteed Remal Income pursuam to this I pangraph (b) in amount equal [Q twO thousand eighty (2,080) Guaranteed Houts annually (the MASC guaranteed Hou" under this paragraph hereinaf,er referred to as rhe "MASC Sheet Hours"). I In addirion [Q the above paragraph, MASC shall be obligated [Q pay Guaranteed Rental Income at the Guarnnreed Hourly Rate for I an additional twO thousand eighty (2,080) Guarameed Hours (the MASC G uarameed Hours under this paragtaph hereinafter referred to as "MASCAdditional Hours"), Ie If the MANS Subdivisions fail [Q mee< the Guaranteed Rental Income pursuant to this paragraph (b), the formula for the allocacion of the guarantee is pursuant [Q an agreement of the MANS parries. I Any additional payments that are necessary to meet the Guaranteed Rental Income will initially be allocated [Q each MANS Subdivision in the following manner: I Mounds View 15% Arden Hills 15.5% New Brighton 25.5% I Shoreview 46% At least 30 days before the beginning of each fIscal year I MANS shall notify MASC of any changes in the above allotmem formula, If MASC does not re"ive notice in any subsequent year, the previous allocations shall apply. I (ijiJ Parties [Q rhis Master Agreement may be released from their obligations under this paragnph (b) for Guaranteed Hours under rhe following conditions: I The MANS Subdivisions may assign their Guaranteed Hours to other MANS Subdivisions upon the filing of a certificate with the Joint Board, MASC and Anoka Counry executed by both I Subdivisions, and .ccompanied by a resolution of rhe Subdivi.ion to which rhe Guaranteed Hours have been transferred authori.ing the ~ 5 I