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18. Fire Services Joint Advisory Committee <br />Each Contracting City may appoint two volunteer members to a Fire Ser\’ jes Joint <br />Advisory Committee and the name of such appointees shall be furnished to Long Lake. <br />The Fire Services Joint Advisory Co nmittee shall meet periodically to discuss and make <br />reconunendations regarding concerns or problems identified regarding the provision of <br />fire service, and to periodically review’ budget updates. The Fire Services Joint Advisoiy’ <br />Committee shall have the specific task of reviewing the Fire Department's operating and <br />capital budget proposals for the next calendar year and arriving at a consensus Annual <br />Fire Services Operating Budget and Annual Fire Services Capital Budget by August 15 <br />of each calendar year. <br />19. Cost Sharing Formula <br />Each of the Contracting Cities receiving fire service from the Long Lake Fire Department <br />shall pay a share of the costs of the Annual Fire Services Operating and Capital Budgets. <br />The City's Budget Share will be based upon a formula, which takes into account the <br />Market Value of the protected property and the fire department staff resources utilized to <br />protect the property. The objective is to fairly allocate "insurance" type costs and "effort <br />and variable" type costs. The Contracting Cities have agreed that 70% of the share <br />allocation will be based upon Market Value and 30% upon fire department hours <br />expended on calls to the City Fire Service Area. <br />19.1 Definitions: <br />A.City Fire Service Area is the area within a Contracting City provided fire <br />protection under this contract. The City Fire Service Area for each <br />Contracting City is shown in Appendix A (attached). <br />B.City Fire Service Area Market Value is the assessed market value of the <br />property in the City Fire Service Area and is based upon the assessed <br />market value for the year immediately preceding the budget year. The <br />source of the assessed market value data shall be the Hennepin County <br />Assessor's Office. <br />C.Total Service Area Market Value is the sum of the City Fire Service Area <br />Market Values of all contracting cities. <br />D.City Market Percent is the percentage computed by dividing the City Fire <br />Service Area Market Value by the Total Service Area Market Value and <br />multiplying by 100. <br />E.City Cali Hours is the total number of fire fighter hours expended in <br />responding to calls in the City Fire Service Area as recorded by The Long <br />8 <br />1 <br />i <br />V : <br />! <br />i