Agenda Packets - 1996/01/13 - Laserfiche WebLink

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JAN-06-1997 15:27 CITY OF SHOREUIEW P.06/09 • remaining monies in the Escrow Fund to the HOCKEY ASSOCIATIONS. 4. en R tal Income Shortfalls. In the event that MANS fails to meet the annual rental income requirement as defined in Articles V.B.1. and V.B.2. above, MANS will first use the escrow fund that will be established and funded as provided in this agreement. If the monies available in the escrow fund are insufficient to meet the annual ice time financial obligations, any shortfalls will be split by MANS in the following manner: TOTAL % POP. % PART. SHORTFALL CITY x .5 + x .5 PERCENTAGE All 6.5% 9.0% 15.5% My 9.0% 4.0% 13.0% NB 16.0% 9.5% 25.5% SV 18.5% 27.5% 46.0% The population percentages (% POP. ) will be adjusted annually based on the Metropolitan Council's population estimate and the United States census. The participant's percentages (% PART. ) will be adjusted annually based on the actual number of participants by community provided by the HOCKEY ASSOCIATIONS. VI. USE OF ICE. A. The HOCKEY ASSOCIATIONS will have the right to schedule at least 80% of the available ice rental time at the National Sports Center Ice Complex at the regular hourly rate during the "Prime Time", as long as it does not conflict with the obligations set forth in the Master Agreement. B. The HOCKEY ASSOCIATIONS will have the opportunity to host a tournament using all four ice surfaces for one weekend during the prime time period, consistent with the provisions of the Master Agreement. C. MANS agrees to provide the HOCKEY ASSOCIATYONS first opportunity to reserve additional ice time at the regular hourly rate during prime time that is not used for other community programs. D. The HOCKEY ASSOCIATIONS agree to provide both prime time 1111 and non-prime time ice to both boys' and girls' youth 5