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15. Contract Pavments <br /> The City Budget Share (See Section 16.2) of each Contracting City shall be paid in equal <br /> quarterly installments on January 1, April 1,July 1 and October l of the next contract <br /> year by the Contracting City to the City of Long Lake. <br /> Long Lake agrees to provide each Contracting City with reasonably detailed information <br /> relating to the actual expenditures against the Annual Operating Budget at its request and <br /> on a quarterly basis and agrees to make its records available to the Contracting City for <br /> inspection for the purpose of determining the basis for the allocation of costs to fire <br /> protection. <br /> 16. Arbitration � � <br /> If a Contracting City is aggrieved by the determination of the City of Long Lake as to the <br /> allocation of the actual costs of the prior year's service, the Contracting City may appeal <br /> said determination within 30 days after receipt of the City of Long Lake's audit. Said <br /> appeal shall be in writing and shall be addressed to the City of Long Lake asking for <br /> arbitration by a board of arbitration. The Board of Arbitration shall consist of three <br /> persons; one to be appointed by the City of Long Lake, one to be appointed by the <br /> appealing Contracting City, and the third to be appointed by the two so selected. The <br /> name of each arbitrator shall be submitted in writing to the other party. In the event that <br /> the two arbitrators so selected do not appoint the third arbitrator within 15 days after <br /> receipt of written notice of appointment of either of the first two azbitrator's, the Chief <br /> Judge of the District Court of Hennepin County shall have jurisdiction to appoint, upon <br /> application of either the Contracting Cities or the appealing Contracting City,the third <br /> arbitrator to the Board. The third azbitrator selected shall not be a resident of either <br /> Contracting City, and shall be a city manager or administrator. The arbitrator's expenses, <br /> not including counsel fees, incurred in the conduct of the arbitration, shall be divided <br /> equally between the parties to the arbitration. Arbitration shall be conducted in <br /> accordance with the Uniform Arbitration act, Chapter 572 of the Minnesota Statutes, and <br /> any decision shall be rendered within 60 days of appointment of the third arbitrator. Said <br /> arbitration shall be binding on both parties. <br /> 17. Special Fire Funds <br /> In order to facilitate the accounting and reporting of all fire funds associated with the <br /> Annual Operating Budget, a Fire Operating Fund will be maintained by the City of Long <br /> Lake. No Major Equipment Fund will be maintained by the City of Long Lake on behalf <br /> of the Contracting Cities as a part of this agreement since under the provisions of Section <br /> 11 each Contracting City agrees to maintain an Equipment Fund on its own. <br /> 7 <br />