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<br />NATIONAL SPORTS CENTER 3/3/97
<br />ICE ARENA
<br />MASTER AGREEMENT
<br />THIS MASTER AGREEMENT 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 />"SAMN"), 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 sheet 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 />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 time 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 SAMN 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 />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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