09-12-1994 Council Packet - Laserfiche WebLink

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r city raauiager or administrator. The arbitrators' expenses and fees, together with the other expenses, not including counsel fees, incurred in the conduct of the arbitration, shall be divided equally between the parties to the arbitration. Arbitration shall be conducted in accordance with the Uniform Arbitration Act, Chapter 572 of the Minnesota Statutes, and any decision shall be rendered within 60 days of appointment of the third arbitrator. Said arbitration shall be binding on both parties. 18.Annual Audit of Actual Costs. The Contract Cities understand and agree that it is impossible to project with cott5)lete accuracy the actual costs for lad?or and equipment as well as the service to be required by each Contracting City for the forthcoming contract year, and therefore, agree to a yearly audit to adjust the prior year's estimated police service cost as set forth above to the actual police service cost based upon the actual costs for that contract year. On or before i^ril 1 of each year, the City of Orono will tabulate the actual cost of providing law enforcement services for the prior contract year and will submit to the Contract Cities a summary of said costs. The actual costs set forth for the prior contract year may result in either a credit or a debit applied to the estimated police service costs charged to the Contract Cities. If a Contract City is still participating in this agreement, and if a credit, one-half of the credit shall be deducted in each of the third and fourth quarters from the estimated police service cost payments required of the Contract City for the current year of service; and if a debit, the Contract City shall pay the additional sum to the City of Orono together with the estimated contract charge for the current year by adding one half of the debit to both the third and fourth quarter payments. The allocation of the credit or debit shall be made pursucuit to the same formula set forth above. If a Contract City is not still participating in this agreement at the time the credit or debit amount is determined as set forth above, the Contract City shall receive from (in the case of a credit) or shall make to (in the case of a debit) the City of Orono a cash payment in the amount of such credit or debit, one-half on the date that the third quarter estimated police service cost payment would be due if this agreement was still in force and one-half on the date that the fourth quarter estimated police Page 11 1