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SEP-13-1996 14:52 CITY OF SHOREVIEW P.O5/09 <br /> 3. Requires the MASC to cover any costs of operation that exceed the financial <br /> • <br /> guarantees of the participating communities. <br /> 4. Creates a Board of Directors that is responsible for setting both operating and <br /> programming policies, and establishing an annual operating budget. <br /> The first Supplemental Agreement will outline the financial responsibilities and general <br /> relationship between the cities of Shoreview, Arden Hills, Mounds View, and New <br /> Brighton and the Mounds View and Irondale Youth Hockey Associations. The key <br /> provisions of this agreement include the following: <br /> I. Outlines the ice rental requirements for the youth hockey association. <br /> 2. Establishes a$500,000 escrow agreement funded by the Youth Hockey Association to <br /> protect the cities in the event of a shortfall in the required ice rental. <br /> • <br /> 3. Requires a surcharge for any youth hockey participants that are not in a community <br /> that is involved in this project. <br /> 4. Outlines the financial responsibilities of each of the communities in the event of a <br /> shortfall in the ice rental requirement. The formula is based on both population and <br /> 411) participants in youth hockey and Shoreview's percent of any losses is currently <br /> estimated at 46%. <br /> The second supplemental agreement would between the four Mounds View School <br /> District communities and Ramsey County outlining the roles and responsibilities of each <br /> in this project. <br /> Since these agreements are still being negotiated between all of the parties,it is <br /> recommended that if the Council approves the resolution, it be contingent on the approval <br /> of each of the agreements discussed above. <br /> SUMMARY AN') CONCLUSIONS <br /> The decision on whether to participate in the four sheet ice complex at the National <br /> Sports Center is strictly a policy issue for the City Council. The local youth hockey <br /> associations have identified a need for additional ice time and have had discussions with <br /> City Council and staff about this need several times in the last few years. They are <br /> particularly concerned about the growing demand for ice time given the projected growth <br /> in women's and girl's hockey. However,the cities within the Mounds View School <br /> District have traditionally not been involved in the provision of indoor ice time because <br /> of the extensive Ramsey County Ice Arena system. <br />