2006-02-08 CC Packet - Laserfiche WebLink

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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTERVILLE, MINNESOTA. 1) The City hereby detennines and agrees to participate in the support of the operation and use of the Facility, provided that the City's participation shall be in an amount equal to one hundred percent (100%) of one of four ice sheets of the Facility ("Percentage Share") from September to March annually or 1340 hours (exclusive of certain time allocated to MASC). Each City's percentage of 1340 hours is proportionate to their percentage contribution towards construction. 2) The Cities hereby appropriate $100,000 dollars to be applied to costs of construction and financing of the Facility as follows; City ofLino Lakes appropriates $72,000 City ofCenterville appropriates $16,000 City of Circle Pines appropriates $12,000 3) The Cities agree to support rental income for the Facility in an amount equal to the agreed upon annual hourly rate times its Percentage Share of agreed upon prime time hours (not less than 1340 hours) which rental income shall be passed though for the purpose of paying debt service with respect to the bonds and paying operating costs of the Facility. To the extent that actual revenues of the Facility, after application to payment of debt service and accumulation and maintenance of required reserves, are inadequate to pay operating costs of the Facility, the City ofCenterville agrees to pay the amount equal to (16%) of the unsold hours on its designated sheet of ice. In any given year of the 20 year bond repayment period, the City obligation shall be limited to the (16%) of unsold hours on its designated one ice sheet in the high season of September, October, November, December, January, February and March. 4) The ice sheet shall be offered to primarily the Centennial Youth Hockey Association and other public skating programs. In addition, CYHA and the National Sports Center are committed to continue the public access policy of the Super Rink and expansion to offer Centennial area skaters programs such as public skating, senior skating, learn to skate and figure skating. 5) The Mayor and City Clerk of the City are hereby authorized to execute an agreement with MASC and NSC including terms specifically authorized hereby, and such other terms as are not inconsistent therewith, and are necessary and appropriate to provide for the financing, construction, operation and use of the Facility, all as determined by the Mayor and City Clerk in their discretion. Execution by the Mayor and City Clerk shall be evidence of such determination. Adopted by the City Council this _ day of February, 2006. Mayor ATTEST: City Clerk ;23/;