Agenda Packets - 1996/12/02 - Laserfiche WebLink

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NATIONAL SPORTS CENTER • ICE ARENA MASTER AGREEMENT I. Purpose THIS MASTER AGREEMENT shall be effective as of the first day of January 1997, and is made and entered into by and between the State of Minnesota acting through the Minnesota Amateur Sports Commission (hereinafter referred to as "MASC"), the City of Mounds View, Minnesota a political subdivision of the State of Minnesota (hereinafter referred to as "Mounds View"), the City of Arden Hills, Minnesota, a political subdivision of the State of Minnesota (hereinafter referred to as "Arden Hills"), the City of New Brighton, Minnesota, a political subdivision of the State of Minnesota (hereinafter referred to as "New Brighton"), the City of Shoreview, Minnesota, a political subdivision of the State of Minnesota (hereinafter referred to as "Shoreview"), Ramsey County, a political subdivision of the State of Minnesota (hereinafter referred to as "Ramsey") (Mounds View,Arden Hills, New Brighton, Shoreview and Ramsey referred t o herein as "MANSR", the City of Blaine, Minnesota, a political subdivision of the State of Minnesota (hereinafter referred to as "Blaine"), and the City of Coon Rapids, Minnesota, a political subdivision of the State of Minnesota (hereinafter referred to as "Coon Rapids") (each of the parties hereto other than MASC collectively referred to herein as "the Subdivisions"). WITNESSETH: WHEREAS, MASC desires to design, construct, own and operate a four sheet ice arena and auxiliary facilities (hereinafter referred to as the "Facility") to be located on the property owned by MASC consisting of the National Sports Center located at 1700 105th Avenue NE, in the City of 0 Blaine, Minnesota (hereinafter referred to as the"NSC") pursuant to authority granted to it under Minnesota Statutes, Chapter 240A(hereinafter referred to as the "MASC Act"): and 'WHEREAS, the Subdivisions wish to enter into an agreement with MASC under Minnesota Statutes, Section 471.59 under which the Subdivisions will participate in the financing of the ownership and operation of the Facility agree to purchase certain portions of the ice time available in the Facility, and provide certain guarantees need to accomplish the financing of the Facility, all pursuant to authority granted to them pursuant to Minnesota Statutes, Sections 471.59, and 471.191, Minnesota Statutes, Chapter 475 and various general and special laws and charter provisions governing the operation of the Subdivision, and WHEREAS, the MANSR Subdivisions have entered into certain Supplemental Agreements regarding the contribution of capital to the Facility attached hereto as Exhibit A; and The purpose of this agreement is to enable WHEREAS, each of the Subdivisions have adopted resolutions approving participating the financing of the construction and operation of the Facility pursuant to this Master Agreement in the form for each Subdivision as attached in Exhibit B; and WHEREAS, the facility is intended to be financed with capital contributions from the parties hereto and with the proceeds of bonds be issued by the Anoka County Housing and Redevelopment Authority (hereinafter referred to as the "HRA"), further secured through the issuance of general obligation bonds of Anoka County (hereafter referred to as "Anoka County"), pursuant to a resolution or resolutions of the HRA and Anoka county and an agreement among the HRA, Anoka County and MASC governing the issuance of the bonds, the security for the bonds,