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fairly allocate "insurance" type costs and "effort and variable" type cosLs. the Contracting <br />Cities have agreed tfiat 7C% of the share allocation will be based upon Market Value and 30% <br />upon fire department hours •expended on calls to the City Fire Service Area. <br />16.1 netlnition;:* <br />A. Ci>v Fire Service Area is the area within a Contracting City provided fire protection under <br />this contract. The City Fire Service Area for each Contracting City is shown in Appendix A <br />attached. <br />n. City Fire Service Area Market Value is the assessed market value of the property in the <br />City Fire Service Area, and is based upon the assessed market value for the year immediately <br />preceding the budget year. The .source of the assessed market value data shall be the Hennepin <br />County Assessor's Office. <br />C. Total Service Area Market Value is the sum of the City Fire Service Area Market_yaLues of <br />all contracting cities. <br />D. City Market Percent is the percentage computed by dividing the City Fire Service Area <br />Market Value by the Total Service Area Market Value.and multiplying by 100 <br />E. City Call Hours is the total number of fire fighter hours expended in responding to calls in <br />the City Fire Service Area as recorded by The Long Lake Fire Department during the <br />preceding three year period me.isured from June 1 throughout May 30. <br />F. Total Call Hours is the total number of fire fighter hours expended in responding to calls in <br />all contracting cities during the previous three year period measured from June 1 through May <br />30. <br />G. Call Percent is the percentage computed by dividing the City Call Hours by the Tot^ CjtM <br />Hours and multiplying by 100. <br />H. City Budget Percentage is the percentage derived from the sum of the Qity Market Percent <br />multiplied by 0.7 and the City Call Percent multiplied by 0.3. <br />16.2 ftudget. Share Computation; <br />City Budeet Share is the City Hudeet Percentage multiplied by die Anny^) Opyrafing <br />less any Major Fquipment expenditures and the resulting product divid 'd by 100. <br />16.3 Formulae for Calculations <br />A. City Market Percent = (B x 100) / (C) percent <br />where B » City Fire Service Area Market Value <br />C " Total Fire Service Area Market Value <br />B. Call Percent ■(Ex 100) I (F) percent