Resolution 9369 - Laserfiche WebLink

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(C) Duties of Administrative Committee. The Administrative Committee's duties shall include, but not be limited to, the following: 1. To administer the terms and provisions of this Agreement. 2. To periodically review fire service contract proposals submitted by providers of fire protection and to make recommendations to the Cities regarding the terms of such proposals. 3. To periodically review the Cities' requirements for firefighting equipment or land and buildings to be used for fire protection services and to make recommendations to the Cities regarding the purchase, sale, maintenance, or lease of such firefighting equipment, land or buildings. 4. To review the annual budget for fire protection services to the Cities, to make recommendations thereon to the Cities, and to administratively monitor the execution of the approved annual budget for fire protection services. (D) Sharing of Costs. All costs incurred pursuant to this Agreement, including annual operating costs, capital costs, and annual debt service on any bonds or other obligations hereafter issued pursuant to this Agreement, shall be borne by the Cities in their respective shares, as determined by the Formula from year to year. (Refer to Section G for bonding.) (E) Ownership of Property. Property shall be held nominally in the name of the City of Blaine, but each of the Cities shall have a percentage ownership interest in the Property, which percentage may vary from time to time and equal that City's "Historical Share" hereinafter described. For the year 1970 through 1990 the total capital costs under the Contract and its predecessor agreements or arrangements amounted to $1,332,566, of which Blaine contributed $857,694 (64.36%), Mounds View contributed $294,205 (22.08%), and Spring Lake Park contributed $180,667 (13.56%). Those Historical Shares shall be recomputed for each year based upon each Cities' additional contributions made pursuant to this Agreement. (F) Consent and Approval. For purposes of determining majority consent at the Administrative Committee level, or at the City Council level, each City shall have voting rights which equal its percentage share under the formula at the time such decision is made, with each such decision being made on the basis of 50% plus approval. (G) Bonding. The Cities are authorized to issue bonds pursuant to the Joint Powers Agreement. Upon the issuance of any such Bonds the Cities are required to irrevocably pledge the full faith and credit and taxing powers of their City to repay such City's share of the debt or make payments to the issuing City for its share of the debt repayment. JPA — Blaine/Mounds View/Spring Lake Park Page 2 of 6