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<br />'., <br />~ . <br /> <br />ICE-PAAt;WPD <br /> <br />il <br /> <br />~ <br />I <br /> <br />use of the facility, provided that the City's participation shall be in an amount established by a I', <br />supplemental agreement between the cities of Arden Hi\ls, Mounds View, New Brighton and <br />Shoreview. <br /> <br />"- <br />""-~ <br /> <br />2. The City agrees to secure rental income for the Facility in an amount at least equal to the agreed <br />upon annual hourly rate times its percentage share of agreed upon prime time hours (not less that <br />2,080) which rental income shall be passed through for the purpose of paying debt service with <br />respect to the bonds and paying operation costs ofthe Facility.. <br /> <br />3. The Mayor and City Manager ofthe City are hereby authorized to negotiate an agreement with <br />MASC and the other participating cities including terms specifically authorized hereby, and such <br />other terms as are not inconsistent therewith, and are necessary and appropriate to provide for <br />the financing, construction, operation and use of the Facility, subject to conditions: <br /> <br />a. Approval of the Master Agreement between the MASC and all of the participating <br />communities; <br /> <br />b. Approval of supplemental Agreement, including a $500,000 escrow, between the cities <br />of Shoreview, Arden Hills, Mounds View, and New Brighton and the Mounds View and <br />lrondale Youth Hockey Associations; <br /> <br />c. Approval of a supplemental Agreement between the cities of Shoreview, Arden Hills, <br />Mounds View, and New Brighton and Ramsey County which includes the County's <br />$500,000 capital contribution for the project; <br /> <br />d. Review ofthe final agreements by the City's Finance Director and the City Attorney; <br /> <br />e. Participation in the project by the cities of Shoreview, Arden Hills, and Mounds View <br />; and <br /> <br />f. Financial commitment from communities for all four sheets of ice at the National Sports <br />Center. <br /> <br />Adopted by the City Council of the City of New Brighton this 24th day of September. 1996 <br /> <br />CITY OF NEW BRIGHTON <br /> <br />r!ltti&rf ti,?Z/d/?, <br /> <br />Char Samuelson, Acting Mayor <br /> <br />" <br />, <br />, <br /> <br />YJ c~ J3a~__-- <br />Matthew s. Fulton, City Manager <br />/ <br /> <br />A TIEST: <br /> <br />',I <br /> <br />-~'- <br /> <br />Margaret~ <br />Finance Director/City Clerk <br /> <br />'I <br />! <br /> <br />, <br />''---- <br />