Laserfiche WebLink
and shall consist of six bays and shall be between 19,100 and 20,100 square feet. The <br /> Fire Protection Agreements shall be amended to provide that Long Lake shall be <br /> responsible for the ongoing needs to operate and maintain the Replacement Fire Station. <br /> The costs associated wittl the operation and maintenance of the building, including <br /> utilities and insurance; shall be provided for in a new Agreement and Contract for Fire <br /> Protection, under the same cost-sharing formula as is cunently in place. <br /> Orono agrees that upon receipt of evidence that the MnDOT settlement check <br /> has been deposited in the Long Lake/Orono escrow account that it shall forthwith <br /> deposit an additional $680,000.00 into the same escrow account. In lieu thereof, Orono <br /> may defer depositing its $680,000.00 to a subsequent date which is on or before <br /> February 1, 2002, so long as it also deposits the additional interest that would have <br /> accrued on that amount had it been deposited on the same date as the MnDOT check. <br /> The $680,000.00, plus the $200,000 reimbursement for the cost of the replacement <br /> land, is intended to cover the shortfall between the MnDOT award and the cunent <br /> estimated costs of the replacement fire station building. The escrow account balance <br /> shall be used in its entirety to provide for the costs of the design and construction of the <br /> Replacement Fire Station for the Long Lake Fire Deparnnent. In the event that the <br /> entire amount of the escrow account balance is not used for the Replacement Fire <br /> Station, by reason of reduction in size of the proposed building, or for any other <br /> reason, the balance shall be owned 50 percent by Long Lake and 50 percent by Orono. <br /> Similarly, in the event that the cost of the Replacement Fire Station should exceed the <br /> MnDOT settlement, and the Orono contribution of$680,000.00 plus the $200,000.00 <br /> 4 <br />