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amount of the coverage shall be adjusted accordingly. The cost of such insurance shall <br /> be a part of the costs attributed to the operation of the Long Lake Fire Department and <br /> will be included in the Annual Operating Budget. Nothing in this contract shall be <br /> construed as waiving the statutory liability limits of any city,which is a party to this <br /> coritract. <br /> 8. Lone Lake Operational Responsibilitv <br /> The City of Long Lake shall be responsible for managing the operation of the Long Lake <br /> Fire Department, and for managing the on-going operation and maintenance of the Long <br /> Lake fire station. This includes carrying builders risk insurance during construction of <br /> the new Fire Station and carrying hazard insurance on the Fire Station thereafter. Long <br /> Lake shall charge an annual Administrative Fee for these services. The Administrative <br /> � Fee of$17,200 for 2002 includes Long Lake's admirustrative overhead expenses. The <br /> Administrative Fees may be adjusted from year to year through the Annual Fire Services <br /> Operating Budget review and approval process. The costs related to the operation of the <br /> Fire Department, including the on-going operation and maintenance of the Fire Station, <br /> shall be included in the Annual Fue Services Operating Budget. <br /> 9. Budget Package <br /> The Long Lake Fire Department's annual operating expenditures will be controlled <br /> through an Annual Fire Services Operating Budget. When the Annual Fire Services <br /> Operating Budget is approved,the expenditures may not exceed the level set in the <br /> Budget without the approval of all parties to the contract. If, during the 20-year term of <br /> the agreement, a Contracting City chooses not to approve a proposed Annual Fire <br /> Services Operating Budget, the Annual Fire Service Operating Budget increase will be <br /> limited to the average annual General Fund Budget increase of the Contracting Cities, <br /> ��ew Annual Fire Services Operating Budget is approved by all Contracting Cities. <br /> 9.1 Definitions <br /> A. The Annual Fire Services Operating Budget refers to the calendar year operating <br /> budget of the Long Lake Fire Department. This budget will become the official <br /> Annual Fire Services Operating Budget upon ratification by the Contracting <br /> Cities. The Annual Fire Services Operating Budget incorporates all costs of <br /> departmental operations including, but not Iimited to, the costs of the on-going <br /> operation and maintenance of the fire station, Long Lake's Administrative Fee as <br /> defined in Section 8 of this Agreement, and annual contributions to the Long Lake <br /> Volunteer Fire Relief Association Retirement Fund. <br /> B. The Annual Fire Services Capital Budget refers to the calendar year capital <br /> budget of the Long Lake Fire Department. The Annual Fire Services Capital <br /> Budget includes Major Equipment items and major repairs/rehabilitation of the <br /> Fire Station. <br /> 3 <br />