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purposes.: of this Agreement,- in the manner herein <br />prescribed," or. as may otherwise be agreed upon from time to <br />time. The Cities shall strictly account for and disburse <br />all receipts and expenses under this Agreement and shall <br />own all of the Property as provided in paragraph III(E) <br />hereof. <br />(B) Grey fan and Gvmpv_s_iticn of Admzn,' s�ratJ ve Committee . <br />An Administrative Committee comprised of the three chief <br />administrative officers of the Cities is hereby <br />established. The Blaine City Manager shall maintain the <br />files and records of the Committee. <br />(C) Q=95 vdm'n'str tiv tete. The <br />Administrative Committee's duties shall include, but not be <br />limited to, the following: <br />I. To administer the terms and provisions of this <br />Agreement. <br />2. To periodically review fire service contract <br />proposals. submitted by providers of fire protection <br />and to make.' recommendations to the Cities regarding <br />the terms` of such proposals'.- <br />3. <br />roposals.-3. To periodically review the Cities' requirements <br />for firefighting equipment or land and buildings to be <br />used for fire protection services and to make <br />recommendations to the Cities regarding the purchase, <br />sale, maintenance, or lease of such firefighting <br />equipment, land or buildings. <br />4. To review the annual budget for fire protection <br />services to the Cities, to make recommendations <br />thereon to the Cities, and to administratively monitor <br />the execution of the approved annual budget for fire <br />protection services. <br />(b) 9hA"W__of Costg, All costs incurred pursuant to this <br />Agreement, including annual operating costs, capital costs_ <br />and annual debt service on any bonds or other obligations r <br />hereafter issued pursuant to this Agreement, shall be borne <br />by the Cities in their respective shares, as determined by <br />the Formula from.year to year. Mounds View and Spring Lake <br />Park agree to pay to Blaine, as and when requested, annual <br />debt service on bonds or other obligations issued pursuant <br />to this Agreement. <br />(E) ownership a v rt . Property shall be held <br />nominally in the name of the City of Blaine, but each of <br />-2- <br />