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i <br />855 Village Center Drive #325 <br />North ®aria, MN 55227 <br />Terry Schwerin, City Manager December 15, 2012 <br />City of Shoreview <br />4600 North Victoria Street <br />Shoreview, MN 55126 <br />Dear Mr. Schwerin: <br />We are writing on behalf of the Mounds View Youth Hockey Association (MVYHA) and <br />the Irondale Youth Hockey Association (IYHA) (collectively, the Hockey Associations) <br />requesting release of the Hockey Associations' funds held in escrow by the City of <br />Shoreview, on behalf of the City of Shoreview (SV), the City of Mounds View (MV), the <br />City of Arden Hills (AH) and the City of New Brighton (NB) (collectively SAMN), <br />pursuant to the National Sports Center Ice Arena Supplemental Agreement dated February <br />11, 1997 (Escrow Agreement). <br />MVYHA and IYHA maintain that the $400,000 presently held in escrow by the City of <br />Shoreview on behalf of SAMN no longer serves the original and intended purpose identified <br />in the Escrow Agreement. The intended purpose of the Escrow Agreement was "for the <br />purpose of meeting the annual financial obligation of SAMN as it relates to the rental of ice <br />time." While the purpose of the escrow fund would have addressed a legitimate concern in <br />the time leading up to the construction and opening of the Superrink facility, the Hockey <br />Associations assert that with their demonstrated 15+ years of meeting and more often <br />exceeding the purchase of their annual allotted ice time, that concern is no longer reasonably <br />addressed by holding the Hockey Associations' escrowed funds. <br />The Hockey Associations believe that the escrowed funds, collected fiom their respective <br />member families so many years ago, some of whose kids are now playing high school <br />hockey at Mounds View and Irondale, could be better utilized for the benefit of the Hockey <br />Associations and the boys and girls hockey community within the Mounds View School <br />District, as opposed to being held idle in escrow. Accordingly, the Hockey Associations <br />respectively request the release of the escrow funds currently held by you as Finance <br />Director of the City of Shoreview on behalf of SAMN under the Escrow Agreement. <br />Respectfully submitted, <br />Keith Larson <br />Chris Drews <br />President, MVYHA President, IYHA <br />