Agenda Packets - 2009/11/23 - Laserfiche WebLink

Home Browse Search

SECTION II BUDGET AND FINANCE 2.01. Budget. By July 15th of each year, the parties shall jointly prepare a budget for the Park for the following calendar year. Each party shall have a line item in its own budget dedicated to Lakeside Lions Park. 2.02. Determination of Annual Contribution. The parties intend to operate the Park jointly through annual contributions. The parties shall establish the contribution amounts by July 15th of the year prior to the year when the contribution is payable in order to make certain that each party includes the contribution amount in its adopted budget. Each party’s contribution shall represent 50% of the annual budget. 2.03. Deposit of Annual Contribution. By January 15th of each year, the parties’ financial contribution shall be deposited in the Park Operating Fund. 2.04. Park Operating Fund. Mounds View shall be responsible for maintaining a separate fund for the Park. Mounds View shall provide Spring Lake Park with financial statements for the Park Fund twice a year, on June 30th and December 31st. Mounds View shall be responsible for paying all invoices and issuing bills for payment on behalf of the Park. All invoices relating to the Park shall be paid by funds from the Park Fund. All funds collected by Mounds View on behalf of the Park shall be deposited in the Park Fund, including all permit fees and program fees. SECTION III EQUIPMENT AND PROPERTY 3.01. Joint Ownership. All equipment and improvements upon the land shall be jointly owned by the parties. All property or equipment purchased with Park funds, or through donations, shall be jointly owned by the parties. 3.02. Liability. Each party shall be responsible for damage to, or loss of, its own equipment occurring while performing any activities at the Park. Each party waives the right to sue the other party for any damages to, or loss of, its equipment, even if the damages or losses were caused wholly or partially by the negligence of the other party or its officials, employees or agents. SECTION IV EMPLOYEES 4.01. Workers’ Compensation. Each party shall be responsible for injuries to, or death of, its own employees in conjunction with services provided pursuant to this Agreement. Each party shall maintain workers’ compensation coverage or self-insurance coverage, covering its own personnel while they are performing work with respect to the Park. The parties waive the right to sue for any workers’ compensation benefits paid to their own employees or their dependents, even if the injuries were caused wholly or partially by the negligence of the other party or its officials, employees or agents. 4.02. Personnel. Personnel assigned to perform work on the Park by one of the parties shall not be considered temporary or permanent employees of the other party for any purpose whatsoever or to be entitled to tenure rights or any rights or benefits by way of workers’ compensation, re-employment insurance, medical and hospital care, sick and vacation leave, severance pay, PERA or any other right or benefit of the other party. 4.03. Separate Employees. The parties acknowledge and agree that it is their sole responsibility to provide all salaries, compensation and fringe benefits to their separate employees. 4.04. Cooperation. Each party’s employees will work cooperatively with the other party’s employees.