Laserfiche WebLink
06/04/97 15:02 FAX 7855699 NSC Q 009/016 <br /> • <br /> impacton the tar.eemr,t nahtre of any bonds issued by Anoka Countyr the <br /> �oka sine roti Redevelopment Amhrriry or any other entity, <br /> •. :• .z the ••..-_-_• • which ,. ; • fin. - --", ' or the • <br /> Site on whiclube Faddy located." <br /> 4. Paragraph Ill G.1.a shall be amended to read; <br /> (c) All Guaranteed Rental Income and Off-Peak.trental Income and any <br /> proceeds of business interruption insurance(and to die salt nt of any shortfalls,any <br /> other revenues advanced by MASC pursuant to paragraph(c)shall be applied in the <br /> following other or priority; (1)monthly payment m the Trustee under the Bond <br /> Documents of 1/6 of the ncaa interest payment and 1/12 for the next principal <br /> payment for debt service on the bonds;(2)monthly payment to the Trustee under <br /> the Bond Documents forty ata Ion of the deft service reserve fund for the Bonds, <br /> if ne y;(3)monthly paymont.445,3130 to the'fusee under the Bond <br /> Documents:for deposit to the capital'impmvement mscivc held bythe Trust uc:b <br /> monthly deuusits to local S I0.0W=ear for ca1eendttr year 1999 and 2000. <br /> COO J. a •- .- S r 1 .30 r a ., year forsalendauzitalla, <br /> . . t 't • . oath for , yearthereatter.until the amount oaep reachesand is i>>3itWirwt at 52S0,000(4)the payment of Operating Costs of the acility; <br /> (5)the accumulation of as operating costa tarns to be held by MASC in the <br /> amount of$500,000(five hundred thousand dollars);(6)deposit to the redetuptiun <br /> fund uudcr the Bond Documents on March I of each year of any amounts not <br /> applied in accordance with subparagraphs(1)through(5)as of the end of previous <br /> Fiscal Year for accumulation in a bond redemption fund. Funds in the bond <br /> ruedeeruptiun fund may be used to cure deficiencies in subparagraph(2)to the extent <br /> other reserve funds art insufficient or be applied to the early redemption of Bond, <br /> as directed by MASC with the concurrence of Anoka County. <br /> 5. This Feat Amendment to Master Agreement may be executed in jetwzi <br /> gets. and all so executed shall constitute one agreement.binding on all of <br /> the panics hereto.nOvithsrantrinaistalithe narties ate not signatory to the <br /> original or the same countr42= <br /> . <br /> Commissioner of Administration <br /> Duce <br /> City of Maunds View <br /> Dam <br /> Dn3. <br /> City of Arden Hills <br /> Dam <br /> Date <br /> City of New Brighton <br /> • Data . <br /> First Amendment to Merger Agreement June 4,1997 Version <br />