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<br />VJ..''';;';';;II ,L-i.,L;;I r.~ iO-;}-;j-Q;;I-'iJ--- .~:,\.. ~UV,' UJ..-t <br /> I <br /> Subdivision (Q assume the obligation for rhe Guaranteed Hours, . <br /> togerher with an opinion of ,ounse! (Q the Subdivision as the validity <br /> of che action of the Subdivision assuming che obligation for [he e. <br /> Guaranteed HO\l[s. with both the [esolution and opinion reqwred to <br /> be in [he form acceptabl, to MASC and Anoka Counry. <br />MASC may assign irs Sheet Houts and irs Additional Hours I <br /> [0 any political subdivision authorized by law to a,,\lme the <br /> obligations for Guaranteed Hours undet [his Master Agreement, <br /> including rhe obligation to levy fot Operating Expenses, jf necessary <br /> under G(l)(a), \lpon thdiling of a ocl'tifi"'te with the Joinr Board I <br /> and Anoka Counry executed by the MASC and [he subdivision <br /> assuming the MASC obligation, and accompanied by a resolution of <br /> the S\lbdivision to whi,h [he G\laranreed HO\lrs have been transferted I <br /> mchorizjng the subdivision [0 (i) enter into rhis Master Agreement (if <br /> the s\lbdivision is not alteady a parry to this Master Agreemenr) and <br /> (ii) assume the obligation for Guaranreed Hours, cogethet with an . <br /> opinion of ,ounsel co che subdivision as the validiry of the action by <br /> che subdivision ass\lming che obligation for the Guaranteed Hours, <br /> with both the resolution and opinion requited co be in a form <br /> acceptable (Q Anoka Counry, I <br />Blaine, Coon Rapids, and any political subdivision nor a parry <br /> (Q [his Masrer Agteemenr on me effective dare heteof who . <br /> subsequencly becomes a patry to chis Master Agreement, may assign <br /> its Guaranteed Hours [0 any political subdivision authorized by law <br /> to assume [he obligations for Guaranreed Hours \lnder this Mastet <br /> Agreement, including [he obligation to levy for Operating Expenses, el <br /> if necessary under G(l)(a), upon (i) me approval of the assignment by <br /> the Joinr Board and Anoka Counry, which approval is to be based <br /> upon me financial capaciry of me assignor, which approval may not I <br /> be unreasonably withheld, (ii) the filing of a certifi,ate with the Joint <br /> Board, MASC and Anoka Counry executed by the parry assigning the <br /> Guaranreed Hours and the subdivision assuming the obligation, for I <br /> [he Guaranteed Hours, and a"ompanied by a tesol\ltion of the <br /> subdivision to which the Guannteed Hours have been transferred <br /> authorizing che subdivision ro (i) emer imo [his Master Agreement (if <br /> the subdivision is not already a parry to this Master Agreement) and . <br /> (ii) as'\lme the obligation for the Guaranteed Hours, together with an <br /> opinion of counsel ro the subdivision as the validity of the action by <br /> the mbdivision assuming the obligation for the Guaranteed Hours, I <br /> with both the resolution and opinion required to be in a form <br /> acceptable to MACS and Anoka Counry. <br /> c. Budget - . <br /> MASC shall submit a proposed annual budget (hereinafter referred to <br /> as the "Annual Budger") [0 rhe Board at leas( 120 days before rhe beginning <br /> of a new ",lcndaryear (hereinafter referred ro as rhe "Fiscal Year"), Su,h . <br /> Annual Budger shall include an hourly rare (the "Guaranteed Hourly Rate") <br /> to be ,harged for ice sheer ren[a1 ar a level su,h that proje<:ted Guarantcxd <br /> Rental Income, if received, will be adequate to pay all Operating Expenses, as I <br /> defined below, and Bond Expenses for the following Fiscal Y=. In addition, <br />6 .. <br /> I <br />