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JOINT POWERS AGREEMENT <br /> <br />CITY OF FALCON HEIGHTS CITY OF LITTLE CANADA <br /> <br /> <br /> 4 <br />result of the insurance claim based on calculations provided by the <br />carrier documenting the additional cost including lost dividend <br />income. <br />3. Financial Relationship and Responsibilities <br />a. Little Canada shall issue the full payment for the street sweeper <br />based on the terms of purchase. Falcon Heights shall remit its <br />share of the purchase price within five (5) days of Little Canada’s <br />remittance to the vendor. Little Canada shall provide copies of all <br />invoices or other records deemed necessary by Falcon Heights <br />relative to the purchase. <br />b. The cost of acquisition shall be divided between the two parties <br />based on lane miles of streets within each City. Falcon Heights’ <br />lane miles equal 39.06 miles. Little Canada’s lane miles total <br />73.75. Based on this information, the initial costs of acquisition <br />shall be divided between the two cities with Falcon Heights paying <br />34.62% ($56,886.82) of the total acquisition cost and Little Canada <br />paying the remainder ($107,430.97). <br />c. Little Canada will be responsible for primary maintenance and will <br />establish a separate general ledger account to track costs associated <br />with the operation of the sweeper. (The costs of the operator will <br />not be included in the operating account if each city hires its own <br />operator.) Costs to be included in the operation account will be <br />fuel, oil, tires, brooms, repair costs, parts, supplies, and labor <br />related to the maintenance/repair of the sweeper, staff time <br />expended for maintenance activities not associated with daily <br />operations charged at hourly rates with benefits, insurance, <br />contracted maintenance, cleaning, etc. To the extent that Falcon <br />Heights incurs these costs in association with its usage of the <br />sweeper, they shall provide copies of invoices documenting said <br />expenses; the total of which shall also be accounted for in the final