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4.2 The Fire Department agrees to submit to the Municipality a copy of the Fire <br /> Department's annual financial report as prepared by its certified public accountant no later than June <br /> 30 of each year or as soon thereafter as is reasonably practicable. <br /> ARTICLE V. DEPARTMENT ORGANIZATION <br /> 5.1 The Fire Department agrees to remain at all times a non-profit corporation under <br /> Minnesota Statutes Chapter 317A. <br /> 5.2 The Fire Department shall at all times be in material compliance with such <br /> equipment,personnel and training standards relating to building inspections as may be required by <br /> the laws of the State of Minnesota and the Federal Government. <br /> 5.3 The Fire Department agrees to hire at least one individual who will be designated as <br /> the building official for the Municipality and who will maintain one or more I.C.B.O certifications, <br /> including but not limited to plans examiner,combination inspector, as well as Minnesota Building <br /> Official Class II Certification. Any such individual employed or retained by the Fire Department <br /> and appointed by the Municipality as its building official shall be entitled to the protections and <br /> benefits conferred by Article VII of this Agreement. <br /> 5.4 Except as otherwise set forth in and contemplated by those certain agreements <br /> identified as the Joint Powers Agreement for the Provision of Fire Protection Services and the <br /> Contract to Furnish Fire Protection Services to the Cities of Blaine,Mounds View and Spring Lake <br /> Park each entered into by and among the Cities of Blaine,Mounds View, Spring Lake Park and the <br /> Spring Lake Park Fire Department(collectively,the"Joint Agreements"),the Fire Department shall <br /> be responsible for the entire cost of operation of the Fire Department(including costs associated with <br /> the payment of compensation to its employees, agents, and independent contractors as well as the <br /> costs associated with the upkeep of its equipment). The Municipality shall be in no way liable for <br /> any amount other than the payment of the amounts herein set forth or any amounts negotiated under <br /> Article IV hereof,except as otherwise set forth in or contemplated by Article VII of this Agreement <br /> and under the Joint Agreements. <br /> 5.5 The Fire Department shall carry Public Liability Insurance and Workers' <br /> Compensation Insurance for its personnel and on any of its equipment and the operators of such <br /> equipment, said insurance to provide a minimum of Five Hundred Thousand Dollars ($500,000) <br /> primary and One Million Dollars($1,000,000)excess coverage. A certificate of insurance shall be <br /> provided to the Municipality indicating the types and amounts of insurance in force on such intervals <br /> as the Municipality shall reasonably request. <br /> 5.6 The Fire Department shall maintain: <br /> (a) Workers' Compensation insurance in compliance with all applicable statutes; and <br /> (b) Professional,automobile,contract,and general liability insurance in amounts and in <br /> forms reasonably satisfactory to the Municipality. <br /> Doc# 1100691\7 3 <br />