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Documents (hereinafter, the "Trustee"). The bond Documents will require that the annual <br />operating budgets for the Facility must include amounts necessary to pay all operating costs and <br />annual debt service on the bonds. As described under PART III E, below, MASC and the <br />Subdivisions hereto will be obligated to make certain fixed rental payments for a specified amount of <br />ice time in amounts which will cumulatively provide for the payment of all operating and debt <br />service costs of the Facility. <br />It for any reason, (including refusal of a party to make covenants deemed essential by Anoka <br />County) bond financing is not secured, this agreement shall be void and all of the cash down <br />payments shall be refunded. to the patties except for the $5,000 from each of SAMN, Blaine and <br />Coon Rapids, receipt of which by MASC is hereby acknowledged as an amount separate from and in <br />addition to the down payment required under this paragraph II. <br />III. , FACILITY OPERATION <br />A. OWNERSHIP <br />It is agreed that title to all real property upon which the Facility is to be located or <br />otherwise necessary for the operation or access to the Facility at the NSC will continue be <br />held by MASC. Title to buildings, fixtures and equipment relating to the Facility under this <br />Master Agreement shall be held as required under the Bond Documents until such time as <br />none of the Bonds remain outstanding under the Bond Documents. Upon the termination <br />of this Master Agreement, the Facility shall remain under the ownership of MAS C. <br />B. LIABILITY <br />For purposes of this Master Agreement, MASC shall be the operator of the Facility <br />and shall be responsible for all operational decisions which may give rise to tort liability by <br />reason of the operation of the facility. The parties to this Master Agreement shall be liable <br />only for obligations undertaken by them pursuant to this Master Agreement or otherwise <br />provided by contract. MASC may at its sole option and discretion elect to either purchase <br />such insurance as it may choose, or elect to proceed under Minnesota State Tort Liability <br />Act. <br />C. STAFFING <br />MASC will hire, supervise and coordinate all permanent and temporary staff <br />necessary and convenient to operate the facility. For purposes of determining operating <br />expenses, MASC may make such reasonable allocations of the overall expense operation of <br />the National Sports Center expense to the facility as fairly represent the cost of all staff <br />facilities and equipment employed on behalf of or beneficial to the facility. MASC may in its <br />sole discretion delegate the operations of the facility to the National Sports Center <br />Foundation. The disbursement of funds under this Master Agreement and any contracts <br />entered into to carry out the Master Agreement shall be the responsibility of MASC and such <br />powers shall be exercised pursuant to the laws which apply to MASC. <br />MASC agrees that it will not staff and/or operate any other ice complex (except <br />Columbia) without the consent of the Joint Board established pursuant to part D below <br />(hereinafter referred to as the "Joint Board"). <br />D. POLICY <br />There shall be established pursuant to Minnesota Statutes, Section 471.59, <br />Subdivision 2, a Joint Board consisting of two members appointed by each of Blaine, and <br />Coon Rapids, and one member selected jointly by the municipalities included in SAMN, <br />one member from Ramsey County and four from MASC. Any parry directly <br />obligating itself for Guaranteed Hours, as defined below, under this Master Agreement and <br />