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Contract Agreement for Police Services Page 4 City Population 50% Calls for Service 50% The Population Ratio and Calls for Service Ratio of each city shall be converted to dollars by multiplying each ratio of each city (expressed in percent) by the SAVPD budget final total and multiplying that product by the weight for each factor (expressed in percent) for the appropriate year. VI.METHOD OF PAYMENT . St.Anthony will bill Falcon Heights monthly for 1/12 of the annual fee,and Falcon Heights will promptly remit payments to St.Anthony within 30 days after receiving each billing from St.Anthony.St.Anthony shall submit an invoice to Falcon Heights on a monthly basis for 1/12 of the agreed upon annual fee.Falcon Heights shall promptly notify St.Anthony in writing of any invoice inaccuracies,missing documentation, charges not in accordance with the Agreement or of any other reason why the invoice is not fully approved. St.Anthony shall promptly cure any inaccuracies or other reasonable issues identified by Falcon Heights and resubmit a new invoice.If Falcon Heights fails to identify any such issues within three (3)Business Days following submission of such invoice to Falcon Heights,then such invoice shall be deemed approved. The amount owing under any invoice approved by Falcon Heights shall be payable to St.Anthony no later than thirty (30)Business Days from the date of receipt.Any late payment shall bear interest at the Interest Rate from the date such payment was due. VII.INSURANCE. Falcon Heights,at its expense shall procure and maintain in force for the duration of this Agreement the following minimum insurance coverages: A.General Liability .Falcon Heights agrees to maintain comprehensive municipal liability coverage in the minimum amount of $2,000,000 per occurrence;$2,000,000 annual aggregate.The policy shall cover liability arising from premises,operations,products-completed operations,personal injury, advertising injury,and contractually assumed liability.St.Anthony shall be endorsed as additional insured. B.Excess Liability .Falcon Heights agrees to maintain excess liability coverage in the minimum amount of $2,000,000 per occurrence. St. Anthony shall be endorsed as an additional insured. C.Primary Insurance .The coverage afforded to the additional insureds shall be primary and noncontributing with any other insurance maintained by the additional insureds. D.Subrogation . There shall be a waiver of subrogation in favor of the additional insureds. Additional Insurance Conditions . Falcon Heights shall,prior to receiving Policing Services,deliver to St.Anthony a Certificate of Insurance as evidence that the above coverages are in full force and effect. St.Anthony,at its expense shall procure and maintain in force for the duration of this Agreement the following minimum insurance coverages: 1.General Liability .St.Anthony agrees to maintain comprehensive municipal liability coverage in the minimum amount of $2,000,000 per occurrence;$2,000,000 annual aggregate.The policy shall