CCP 01-27-1997 - Laserfiche WebLink

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- I. remaining monies i. n the Escrow Fund to the HOCKEY ASSOCIATIONS. I 5. Rental Income Shortfalls. In the event that SAMN fails to meet the annual rental income requirement I as defined in Articles V.B.l. and V.B.2. above, SAMN will first use the escrow fund that will be established and funded as provided in this agreement. If the monies available in the escrow I fund are insufficient to meet the annual ice time financial obligations, any shortfalls will be split by SAMN in the following manner: I TOTAL % POP. % PART. SHORTFALL CITY x.5 + x .5 PERCENTAGE I AH 6.5% 9.0% 15.5% I MV 9.0% 4.0% 13.0% NB 16.0% 9.5% 25.5% SV 18.5% 27.5% 46.0% I The population percentages ( .. POP. ) will be adjusted annually based on the Metropoli tan Council's population estimate and the United States I. census. The participant's percentages (" PART.) will be adjusted annually based on the actual number of participants by community provided by the I HOCKEY ASSOCIATIONS. C. Use of Ice. I 1. The HOCKEY ASSOCIATIONS will have the right to schedule at least 80% of the available ice rental time at the National Sports Center Ice Complex at I the regular hourly rate during the "Prime Time", as long as it does not conflict with the obligations set forth in the Master Agreement. I 2. The HOCKEY ASSOCIATIONS will have the opportunity to host a tournament using all four ice surfaces for one weekend during the prime time period, I consistent with the provisions of the Master Agreement. I 3. SAMN agrees to provide the HOCKEY ASSOCIATIONS first opportunity to reserve additional ice time at the regular hourly rate during prime time that is not used for other community programs. I f' 5 I ---_.....~