Agenda Packets - 1996/12/02 - Laserfiche WebLink

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County executed by both Subdivisions, and accompanied by a resolution of the • Subdivision to which the Guaranteed Hours have been transferred authorizing the Subdivision to assume the obligation for the Guaranteed Hours, together with an opinion of counsel to the Subdivision as the validity of the action of the Subdivision assuming the obligation for the Guaranteed Hours, with both the resolution and opinion required to be in the form acceptable to MASC and Anoka County. MASC may assign its Sheet Hours and its Additional Hours to any political subdivision authorize by law to assume the obligations for Guaranteed Hours under this Master Agreement upon the filing of a certificate with the Joint Board and Anoka County executed by the MASC and the subdivision assuming the MASC obligation, and accompanied by a resolution of the subdivision to which the Guaranteed Hours have been transferred authorizing the subdivision to (i) enter into this Master Agreement (if the subdivision is not already a party to this Master Agreement) and (ii) assume the obligation for Guarantee Hours, together with an opinion of counsel to the subdivision as the validity of the action by the subdivision assuming the obligation for the Guaranteed Hours, with both the resolution and opinion required to be in a form acceptable to Anoka county. Blaine, Coon Rapids, and any political subdivision not a party to this Master Agreement on the effective date hereof who subsequently become a party to this Master Agreement, may assign its Guaranteed Hours to any political subdivision authorized by law assume the obligations for Guaranteed Hours under this Master Agreement upon (i) the approval of the assignment by the Joint Board and Anoka County, which approval is to be based upon the financial capacity of the assignor, which approval may not be unreasonable with held, (ii) the filing of a certificate with . the Joint Board, MASC and Anoka County executed by the party assigning the Guaranteed Hours and the subdivision assuming the obligation, for the Guaranteed Hours, and accompanied by a resolution of the subdivision to which the Guaranteed Hours have been transferred authorizing the subdivision to (i) enter into this Master Agreement (if_the subdivision is not already a party to this Master Agreement) and (ii) assume the obligation for the Guaranteed Hours, together with an opinion of counsel to the subdivision as the validity of the action by the subdivision assuming the obligation for the Guaranteed Hours, with both the resolution and opinion required to be in a form acceptable to MACS and Anoka County. c. Budget-- MASC shall submit a proposed annual budget (hereinafter referred to as the "Annual Budget") to the Board at lease least 90 days before the beginning of a new calendar year (hereinafter referred to as the "Fiscal Year"). Such Annual Budget shall include an hourly rate to be charged for ice sheet rental at a level adequate to pay all Operating Costs, as defined below, and Bond Expenses for the following Fiscal Year. In addition, the Annual Budget shall include rental charges for its time above and beyond thell0,400 Guaranteed Rental Hours (the "Off Peak Rental Rates"). For the purposes of this Master Agreement, "Operating Expenses" shall be defined as all costs of operating and maintaining the Facility, including the fixtures and equipment required therefore, and all deposits required to operating reserves, but shall not include the costs of promotion and coordination of special events in the Facility • sponsored or organized by or on behalf of MASC. If the Joint Board determines that