11-10-1997 Council Packet - Laserfiche WebLink

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r officers, in which event the City of Spring Peirk shall pay all extraordinary costs as outlined in the third paragraph of Section 23.5 of this agreement. 15. Budget Package 15.1 Definitions A. The Annual Operating Budg et refers to the calendar year budget of the Orono Police Department during the first year of any three year period covered by this agreement. This budget will become the official Annual Operating Budget upon ratification by the Contracting Cities. The Annual Budget incorporates all costs of operations. B. The Year Two Budget refers to a single number, not to be exceeded, dollar amount which will be used as the budget limit for the next calendar year in the event the Annual Budget Package is not ratified by all Contracting Cities by October 1 of the first year of any three year period covered by this agreement. C. The Year Three Budget refers to a single number not to be exceeded dollar amount which will be used as the budget limit for the next calendar year in the event the Annual Budget Package has not been ratified by all Contracting Cities by October 1 of the second year of any three year period covered by this agreement. D. The Annual Budget Package refers to the grouping of the Annual Operating Budget, the Year Two Budget and the Year Three Budget which is submitted as a unit by the City of Orono for ratification by the Contracting Cities. The Annual Budget Package must be ratified by all Contracting Cities prior to October 1 in the year submitted to become the valid budgets for the following three years. The Annual Budget Package must be accepted or rejected in its entirety. 15.2 Budget Process By August 15 of each year during which this agreement remains in effect, the City of Orono will provide an Annual Budget Package covering the cost of Police protection for the next three calendar years. The budgets presented to the Contracting Cities must have been presented to the Joint Advisory Committee prior to August 1 for discussion and review. Although i* ’s expected that the Annual Budget Package which is provided to the Contracting Cities by tne City of Orono will have the consensus support of the Joint Advisory Committee, that is not a requirement since each Contracting City has the opportunity for final ratification or rejection. 16. Contract Payments. The City Budget Share (See Appendix A) of each Contracting City shall be paid by the Contracting City to the City of Orono in equal monthly installments by the last day of each month. Page 7