Ordinance 2587-02 - Laserfiche WebLink

the residents of the City and Snohomish County generally. The District and the City also recognize, as described in the Feasibility Analysis, that the financial and other terms of the principal management and operational contracts for use of the Regional Center are critical to the financial success of the Regional Center. Therefore, the District shall cause the Regional Center to be managed and operated in accordance with the following provisions. 6.1 City Rights Respecting Principal Contracts. Prior to the proposed effective date thereof, the District shall consult with the City representative and any committee of the City Council appointed by the City Council President concerning the following principal management and operational contracts, including any renewal or major amendment thereto, that involve use of the Regional Center(the "Principal Contracts"), as described below: 6.1.1 Any management contract with a professional management firm or individual professional manager providing for overall management of the Regional Center on behalf of the District(the"Management Contract"); 6.1.2 The lease and any other related agreements with the "anchor tenant" or primary user of the Regional Center, currently expected to be a hockey team participating in either the West Coast Hockey League or the Western Hockey League (the "Anchor Tenant Contract"); 6.1.3 Concession agreements with suppliers of food and beverages at the Regional Center, including"pouring rights" agreements; 6.1.4 Any "naming rights" agreement with respect to the Regional Center(the "Naming Rights Contract"); and 6.1.5 The forms of agreements and associated schedules of rents, fees and/or prices for the lease or other use of luxury suites and club seats at the Regional Center. In conjunction with such consultation, at least 10 days before the proposed effective date of the Principal Contract, the District shall provide to the City for its review the proposed form of each Principal Contract, together with a summary of the financial provisions thereof. If the City representative and/or the appointed Council Committee objects to any material financial, management or operating principles contained in any Principal Contract, the District shall meet with the City representative and/or the Council Committee to discuss and mutually address the City's objections prior to the proposed effective date of that Principal Contract. 6.2 Operating Budget of Regional Center. The District shall prepare and provide to the City at least 30 days before adoption the proposed annual operating budget of the Regional Center prior to its adoption and approval by the Board of Directors of the District, and the City shall be provided with a reasonable opportunity to review and comment on the annual operating budget. The District also shall provide to the City annual financial statements showing year-end results from operations of the Regional Center. -11- INTERLOCAL FINANCING AGREEMENT 200203010680