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Lily NEW BRIGHTON TEL :6382044 Rug 28 '96 14 : 10 No .019 P .06 <br /> •Allocation of Risk <br /> Required guarantee of rental hours 2080 hours <br /> First year hourly rate $125 <br /> Value of first year guarantee $280,000 <br /> Allocation of Municipal Responsibility <br /> Allocation <br /> % population x.5 % participants x.5 summary <br /> Arden Hills 6.60% 9.00% 15.50% <br /> Mounds View 9.00% 4.00% 13.00% <br /> New Brighton 16.00% 9.50% 25.50% <br /> Shoreview 18.60% 27.50% 46.00% <br /> Risk Sensitivity Hours rented <br /> 0 1040 2080 <br /> Arden Hills $40,300 $20,150 s0 <br /> Mounds View $33,800 316,900 $0 <br /> New Brighton $86,300 $33,150 s0 <br /> •horevlew $119,800 $59,800 $0 <br /> Likely Risk limits Hours Rented <br /> Based on discussions with Hockey Associations 1580 . <br /> Value of likely risk limit $62,500 <br /> The MASC will also evenly allocate rental times from unplanned events for all parties. <br /> Useage by lrondale High School or other educational facility is not Included <br /> Escrow Agreement per supplemental agreement • <br /> $50 surcharge on players from non participating communities 55,000 <br /> Annual contribution of 320,000 320,000 <br /> Total annual escrow contribution from Hockey Associations $25,000 <br /> JpPotential Community Risk (1st year) Cost <br /> Arden Hills $5,813 <br /> Mounds View $4,875 <br /> New Brighton $9,563 <br /> horeview $17,250 <br />