2006-02-22 CC Packet - Laserfiche WebLink

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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTERVlLLE,MINNESOTA. 1) The City hereby determines 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 sixteen percent (16%)" Percentage Share" of one of four ice sheets 1 ,340 hours of the Facility from September to March annually (exclusive of certain time allocated to MASC). 2) The City of Centerville hereby appropriates its share of $1 00,000 dollars to be applied to costs of construction and fmancing of the Facility as follows; City of Lino Lakes appropriates $72,000 City of Centerville appropria~es $16,000 City ofCirc1e Pines appropriates $12,000 The City of Centerville contribution shall be paid according to the following schedule; $8,000, Sept. 1, 2006 and $8,000 Jan.15, 2007. The City of Centerville shall have the opportunity to make payments in advance if funds become available. 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 to exceed 16% of 1,340 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 tl1e 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 agrees to pay the amount equal to the unsold hours on its designated sh~~t pf ~ce.' In any given year of the 20 year bond repayment period, the City obligation shall be limited to the its proportion of unsold hours on its designated one ice sheet 'hi the high season of September, October, November, December, January, Februaryqp.d March, in no event exceeding 16% of 1,340 hours. ' , 4) The ice sheet shall be offered to primarily tl1l;1 Centennial Youth Hockey Association. In addition, the Centerville Parks and Recre~tiqn Department will be granted priority access to program ice hours at the new arena aq.4 will be given the opportunity to access and publicize all NSC Public skating prograIl1S t9 City of Centerville residents in appropriate city publications. CYHA and the- Natio~1l1~ports Center are committed to expand the public use of the Super Rink and expansiop to offer Centennial area skaters programs such as public skating, senior skating, leW'Il tp sj.{ate and figure skating. 5) The Mayor and City Administrator of .rll~ City are hereby authorized to execute an agreement with MASC and NSC inc1udin~ ~~rws specifically authorized hereby, and such other terms as are not inconsistent thet~~lB' and are necessary and appropriate to provide for the fmancing, constructio~7' 9PFration and use of the Facility, all as determined by the Mayor and City Admmistrator in their discretion. Execution by the Mayor and City Administrator shall be evidence of such determination following prior approval of the agreement by the City CounciL 13