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4. Timing of Contributions: <br />a. Each participating city agrees that it will provide its funding <br />contribution in two installments payable on January 1 and July 1 <br />of each calendar year. <br />5. Support Services: <br />a. The cities agree that one or more of them may be called upon <br />by the governing board to provide various support services <br />(financial, personnel, equipment maintenance, etc.)- <br />b. Said services shall be defined by contract with the provider city. <br />C. Each city agrees that in providing these services, it will charge <br />no more than the actual cost of employee time involved, together <br />with the actual cost of any materials, supplies, or services that <br />may be required to fulfill the contract. <br />I. Termination: <br />1. In the event that a city that is a party to this agreement wishes to <br />discontinue its participation in the joint Powers agreement, it may do <br />so under the following terms and conditions: <br />a. Two years' notice; <br />b. If the Cities of Mounds View or Spring Lake Park terminate, <br />they shall be responsible for payment of their original share of <br />remaining principal. due on the financing of the building. <br />Payment shall be made within two years of termination and shall <br />be based on the following table': <br />Year of Termination <br />Mounds View <br />Spring <br />Lake Park <br />1994 <br />S 318,000 <br />S <br />171,400 <br />1995 <br />S 310,654 <br />S <br />167,441 <br />1996 <br />S 302,794 <br />S <br />163,205 <br />1997 <br />$ 294,384 <br />S <br />158,672 <br />1998 <br />$ 285,385 <br />S <br />153,822 <br />1999 <br />S 275,756 <br />$ <br />148,633 <br />The table assumes that a $2.000,000 project is completed in 1993 and that <br />debt service is first payable in 1994 for a period of twenty years at seven <br />percent interest. If any of these variables changes, the table must be changed <br />accodingly. <br />