3.0. SR 10-17-1996 - Laserfiche WebLink

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1. The schedule and timing for the project. The determination of a construction company and architect. The City and Minnesota Sports Federation will agree to comply with public bidding requirements as required by state statute. (Minnesota Sports Federation prefers the design/build approach at this point due to cost savings and control) 3. Local programming options and cost reimbursement, if appropriate. The potential and process for future facility expansion and the development and management of additional outdoor recreational facilities adjacent to the facility. 5. The specific terms, conditions, and security for the lease/purchase agreement. o The City and Minnesota Sports Federation agree to cooperatively support existing commitments to the Wright County Fair, to provide additional parking during the annual four day county fair. The Minnesota Sports Federation will submit a license(s) as required by City ordinance to grant a 3.2 liquor license and charitable gaming for the facility. MSF will work with the City to assure that alcoholic beverages will not be dispensed during youth tournaments. Should MSF meet traditional guidelines for approval, the City would expect to approve these licenses. PRE-DEVELOPMENT COMMITMENTS In consideration of these representations and intentions the parties do hereby agree as follows: 1. To select a project construction company and architect. 2. To initiate fi~rther design and develop detail specifications of the facility. o To conduct a financial feasibility analysis of the project to forecast anticipated revenues and expenses and an overall financing plan. The City and Minnesota Sports Federation anticipate that all development costs will be included as a part of the project. In the event, however, that the project does not proceed, the parties agree to pay costs as follows: (1) The City agrees to pay tip to $3,000.00 for a preliminary financial analysis of the project;