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<br />All costs incurred pursuant to this Agreement, including annual operating costs, <br />capital costs, and annual debt service on any bonds or other obligations hereafter <br />issued pursuant to this Agreement, shall be borne by the Cities in their respective <br />shares, as determined by the Formula from year to year. Mounds View and <br />Spring Lake Park agree to pay to Blaine, and Mounds View and Blaine agree to <br />pay to Spring Lake Park, as the case may be and as and when requested, annual <br />debt service on bonds or other obligations issued pursuant to this Agreement, as it <br />may be amended or supplemented. <br /> <br />(ii) Section III(G) of the Joint Powers Agreement is hereby amended and <br />supplemented as follows, by adding the following language after the first sentence in said <br />section: <br /> <br />It is anticipated that bonds or other obligations will be issued by Blaine, and will <br />be general obligations of that city. As for any bonds or other obligations issued <br />by Spring Lake Park for the purposes specified in this Agreement, such <br />obligations will be general obligations of that city. <br /> <br />5. Ownership of Equipment. Ownership of the Equipment shall, in accordance with <br />the provisions of the Joint Powers Agreement, be nominally in the name of Blaine. The <br />acquisition, maintenance and operation of the Equipment shall be accomplished in accordance <br />with the provisions of the Joint Powers Agreement. <br />6. Effect. Except as herein supplemented all provisions of the Joint Powers <br />Agreement, as amended and supplemented by the First Supplement and the Second Supplement <br />described herein, shall remain in effect. <br />7. Duration of Agreement. This Supplement shall remain in effect until the <br />Certificates are fully paid or otherwise discharged. <br />8. Miscellaneous. This Supplement shall be effective as of the date that all of the <br />Cities shall have approved and executed this Supplement, which shall be governed by law of the <br />State of Minnesota, and may be executed in any number of counterparts, each of which shall <br />constitute an original hereof. In the event that any provision of this Supplement is declared <br />unlawful or unenforceable by a court of competent jurisdiction, the remainder of this Supplement <br />shall remain in full force and effect to the same extent as though said provision did not appear <br />herein.