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proposed expenditures may be made and the cost thereof shall be .ncluded in the Annual <br />Operating Budget as if ratified originally. <br />13. Arbitration <br />If a Contracting City is aggrieved by llie determination of the City of Long Lake a.s to the <br />allocation of the actual costs of the prior year's service, the Contracting City may appeal sai.i <br />determination widiin 30 days after receipt of the City of Long Lake's audit. Said appeal shall <br />be in writing and shall be addressed to the City of Long Lake asking for arbitration by a board <br />of arbitration. The Board of Arbitration shall consist of three person;.: one to be appointed by <br />the City of Long Lake, one to be appointed by the appealing Contracting City, and the third to <br />be appointed by the two so selected. The name of each arbitrator shall be submitted in writing <br />to die other party. In the event that the two arbitrators so selected do not appoint the third <br />arbitrator within 15 days after receipt of written notice of appointmert of either of the first two <br />arbitrator's, the Chief Judge of the District County of Hennepin County shall have jurisdiction <br />to appoint, upon application of either the Contracting Cities the appe.iling Contracting City, the <br />third a.oitrator to the Board. 'Die third arbitrator selected shall not be a resident of either <br />Contracting City, and shall be a city manager or administrator. The arbitrator s ex[)enses, not <br />including counsel fees, incurred in the conduct of the arbitration, shall be divided eaually <br />between the parties to the arbitration. Arbitration shall be conducted in accordance with the <br />Uniform Arbitration act. Chapter 572 of the Minnesota Statutes, and any decision shall be <br />rendered within 60 days of appointment of the third arbitrator. Said arbitration shall be binding <br />on both panics. <br />14 Fit^ Funds <br />In order to facMitate the accounting and reporting of all fire funds associated with the Annual <br />Operating Budget, a Fire Operating Fund will be maintained b\ the City of Long Lake. No <br />Major Equipment Fund will be maintained by the City of Long Lake on behalf of the <br />Contracting Cities as a part of this agreement since under the provisions of Section 17 -tch <br />Contracting City agrees to maintain an equipment Fund on its c'vn. <br />15. Joint Advisory Committee <br />Each Contracting City may appoint two volunteer members t(- a Joint .Advisory Committee an<’ <br />the name of such appointees shall be furnished to l.tmg Lake. The Joint Advisory Committee <br />sh.ili m.et pciK'dicall) t.> d■^cuss a’u! m.iki. lecv miii.'iid.ui**;"- le;’.;; hrig coiueiii'. or puMciKs <br />identified regarding the provisi(»n of fire service, to peril dically review budget updates. Ihe <br />Joint Advisory Committee shall have the specific task of reviewing the Fiie Department's <br />budget proposal for the next calendar year and arri' ing at a consensus Budget Package <br />consisting of an Annual Operating Budget, a Year Iwo Budget amount and Year Three Budget <br />amount by August 15 of each calendar year. <br />16 Co st .Sharing Formula <br />Each of the Contracting Cities receiving fire serv’ce from the Long Lake Fire Department shall <br />pay a share of the costs of the .Annual Operating Budget. The City s Budget Share will be <br />based upon a formula which takes into account the Market Value of the protected property and <br />the fire department manpower resources utilized to protect the property. The objective is to