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01/23/97 17:31 FAX 7855699 NSC I- I)/
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<br /> $ - ?•�jp2 t.AGREEMENT
<br /> 1 tus MAJ 1 P-41l tt.rt 1 shall be effective as of the first day of January 1997, and is
<br /> made and entered into by and between the State of Minnesota acting through the Minnesota
<br /> Amateur Sports Commission (hereinafter referred to as "MASC"), the City of Mounds View,
<br /> Minnesota a political subdivision of the State of Minnesota (hereinafter referred to as "Mounds
<br /> View"), the City of Arden Hills,Minnesota, a political subdivision of the State of Minnesota
<br /> (hereinafter referred to as "Arden Hills"), the City of New Brighton,Minnesota, a political
<br /> subdivision of the State of Minnesota (hereinafter referred to as "New Brighton"), the City of
<br /> Shoreview, Minnesota, a political subdivision of the State of Minnesota (hereinafter referred to as
<br /> "Shoreview"), (Mounds View,Arden Hills, New Brighton and Shoreview referred to herein as
<br /> "MANS"), Ramsey County, a political subdivision of the State of Minnesota (hereinafter referred to
<br /> as "Ramsey") the City of Blaine, Minnesota, a political subdivision of the State of Minnesota
<br /> (hereinafter referred to as"Blaine"), and the City of Coon Rapids, Minnesota, a political subdivision
<br /> of the State of Minnesota (hereinafter referred to as "Coon Rapids") (each of the parties hereto other
<br /> than MASC and Ramsey County collectively referred to herein as"the Subdivisions").
<br /> WITNESSETH:
<br /> WHEREAS, MASC in partnership with the Subdivisions and Ramsey County, has authority
<br /> to design, construct, own and operate a four sheer ice arena and auxiliary facilities (hereinafter
<br /> referred to as the"Facility") to be located on the property owned by MASC consisting of the
<br /> III National Sports Center located at 1700 105th Avenue NE, in the City of Blaine, Minnesota
<br /> (hereinafter referred to as the"NSC") pursuant to authority granted to it under Minnesota Statutes,
<br /> Chapter 240A(hereinafter referred to as the"MASC Act"): and
<br /> WHEREAS, the Subdivisions and Ramsey County wish to enter into an agreement with
<br /> MASC under Minnesota Statutes, Section 471.59 under which the Subdivisions will participate in
<br /> the financing of the ownership and operation of the Facility agree to purchase certain portions of the
<br /> ice rime available in the Facility, and provide certain guarantees needed to accomplish the financing
<br /> of the Facility, all pursuant to authority granted to them pursuant to Minnesota Statutes, Sections
<br /> 471.59, and 471.191,Minnesota Statutes, Chapter 475 and various general and special laws and
<br /> charter provisions governing the operation of the Subdivisions, and
<br /> WHEREAS, the MANS Subdivisions and Ramsey County have entered into certain
<br /> Supplemental Agreements regarding the contribution of capital to the Facility attached hereto as
<br /> Exhibit A; and
<br /> WHEREAS, each of the Subdivisions and Ramsey County have adopted resolutions
<br /> approving participating the financing of the construction and operation of the Facility pursuant to
<br /> this Master Agreement in the form for each Subdivision and Ramsey County as attached in Exhibit
<br /> B; and
<br /> WHEREAS, the facility is intended to be financed with capital contributions from the
<br /> parties hereto and with the proceeds of bonds to be issued by the Anoka County Housing and
<br /> Redevelopment Authority(hereinafter referred to as the "HRA"), further secured through the
<br /> 0 issuance of general obligation bonds of Anoka County (hereinafter referred to as "Anoka County"),
<br /> pursuant to a resolution or resolutions of the HRA and Anoka County and an agreement among the
<br /> HRA,Anoka County and MASC governing the issuance of the bonds, the security for the bonds,
<br /> and the responsibilities of the MASC (the HRA bonds hereinafter referred to as the "Bonds"), the
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