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schools and the purposes for which this Joint Powers Agreement and the Real <br />Estate Agreement are designed, the public and the public schools' use of the <br />property and improvement subject to the Elk River Indoor Ice Arena expansion and <br />improvement project. <br /> <br /> 3. Ice Rental Contract. The City, or such other entity as shall be <br />responsible for operation and maintenance of the Facility, shall enter into a long- <br />term agreement for rental by School District of ice time in the Facility, at an hourly <br />rate not to exceed the "forecasted hourly rates" set forth in Exhibit A attached <br />hereto, increased by increases not greater than the greater of five percent or the cost <br />of living adjustments as determined appropriate by the Consumer Price Index, <br />Minneapolis/St. Paul. The ice time agreement shall also provide priority scheduling <br />for School District. <br /> <br /> IN WITNESS WHEREOF, the parties hereto have executed this Joint <br />Powers Agreement on the above date. <br /> <br />CITY OF ELK RIVER <br /> <br /> ~e'n~r~ A. Duitsman, Mayor <br /> <br /> Sandra A. Thackeray, City Clerk <br /> <br />ELK RIVER INDEPENDENT <br />SCHOOL DISTRICT NO. 728 <br /> <br />Its: School Board Chair <br /> <br />Its: School Board Clerk <br /> <br /> <br />