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Exhibit B Q� �� ( <br /> � <br /> Letter of Understanding <br /> • Background: The Spring Lake Park Fire Department, Inc. is a Non-Profit Corporation that contracts <br /> for fire services with various political subdivisions. The Metropolitan Airports Commission [MAC] is a <br /> political subdivision that operates the Anoka County/Blaine Airport located geographically within the <br /> City of Blaine. MAC has agreed to transfer a first line engine known as the "fire truck", not to exceed <br /> $320,000.00 in value to the City of Blaine in exchange for fire protection services. <br /> Under this agreement the City of Blaine is authorized to contract for the fire protection services to be <br /> provided to MAC. The term of the agreement between the City of Blaine and the Metropolitan <br /> Airports Commission is 15 years. <br /> Purpose: To convey the asset of the "fire truck" received by Blaine into joint ownership under the <br /> "Joint Powers Agreement for Fire Protection Services at Anoka County/Blaine Airport" which runs <br /> from January 1, 1997 to December 31, 2011 to the terms and conditions of the Joint Powers <br /> Agreement For The Provision of Fire Protection Services dated the 11th day of December, 1990 <br /> between the cities of Blaine, Mounds View, and Spring Lake Park.. <br /> Transfer: The City of Blaine agrees, upon receipt and delivery of the "fire truck", to transfer the asset <br /> known as the "fire truck" to the joint ownership of Spring Lake Park, Blaine and Mounds View under <br /> the agreements and conditions set forth in the Joint Powers Agreement For the Provision of Fire <br /> Protection Services dated the 1 lth day of December, 1990 between the Cities of Spring Lake Park, <br /> Blaine, and Mounds View. <br /> • <br /> City of Blaine, Minnesota <br /> Dated: , 1997 By: <br /> Its Mayor <br /> Pursuant to the authority granted <br /> by Blaine Resolution No. By: <br /> adopted the day of Its City Manager <br /> , 1997 <br /> City of Spring Lake Park, Minnesota <br /> By: <br /> Its Mayor <br /> Dated: , 1997 <br /> By: <br /> Pursuant to the authority granted Its City Clerk - Administrator <br /> by Spring Lake Park Resolution <br /> No. adopted on the_ <br /> day of , 1997 <br />