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JAN-08-1997 15:26 CITY OF SHOREVIEW P.04/09 <br /> and 1000 hours from the COUNTY Ice Arena system <br /> pursuant to this Agreement, the HOCKEY ASSOCIATIONS <br /> 4111 agree to the following: <br /> a. Purchase 2080 hours of ice time during each <br /> year at the "regular hourly rate" for the <br /> entire term of this agreement at the National <br /> Sports Center Ice Complex, less any time that <br /> is used for community programs, school <br /> district programs, or any third party users of <br /> the facility that are credited to MANS <br /> financial guarantee. <br /> b. Purchase 1000 hours of ice time during each <br /> year from the COUNTY Ice Arena system at the <br /> COUNTY's "regular hourly rate" for the entire <br /> term of this agreement. The ice time will be <br /> purchased between October 1 and March 15, <br /> including at least 16 hours per weekend. <br /> 3. The COUNTY will allocate 1000 hours of ice time to <br /> the HOCKEY ASSOCIATIONS consistent with historical <br /> allocations. The COUNTY, at the request of the <br /> HOCKEY ASSOCIATIONS, will, prior to October 1 of <br /> each year, attempt to reallocate any hours of ice <br /> time assigned to the HOCKEY ASSOCIATIONS that the <br /> 4111 HOCKEY ASSOCIATIONS determine to be surplus.urn This <br /> reallocation effort on the part of the COUNTY does <br /> not relieve the HOCKEY ASSOCIATIONS of their <br /> responsibility for the ice time unless the ice time <br /> is purchased by other users. All hours of surplus <br /> ice time not accepted by other users shall remain <br /> the obligation of the HOCKEY ASSOCIATIONS. The <br /> HOCKEY ASSOCIATIONS may not sublet or sell hours of <br /> ice time at Ramsey County arenas to other Ramsey <br /> County user groups without prior approval from the <br /> COUNTY. <br /> 4. Escrow Fund. MANS agrees to establish and maintain <br /> as a separate account at one of its member <br /> municipalities a $300,000 escrow fund throughout <br /> the term of this Agreement. The Finance Director <br /> of the selected municipality shall be the escrow <br /> agent and shall administer the escrow account <br /> pursuant to the terms of this Agreement. The <br /> escrow fund will be used for the purpose of meeting <br /> the annual financial obligation of MANS as it <br /> relates to the rental of ice time referenced in <br /> Section V.B.2. above, and the Master Agreement. <br /> The escrow fund will be funded in the following <br /> manner: <br /> 4111 <br /> 3 <br />