02-08-1988 - Agenda Packet City Council - regular meeting

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3.03 The City Clerk of the City of Maple Plain shall calculate the ratio which the Assessed Valuation of the Service Area of each Fire Customer bears to the aggregate Assessed Valuation of the aggregate Service Areas of all Fire Customers and the CIty of Maple Plain, expressing such ratio in per centum calculated to the nearest 100th of 1 per centum. 3.04 The Fire Customer shall pay to the City of Maple Plain, an Annual Consideration obtained by multiplying the per centum derived in Section 3.03 times the Total Fire Protection Costs. 3.05 On or before September 1st of the year prededing the Service Year, the City of Maple Plain shall provide to the Fire Customer, the amount of the Annual Consideration together with a resonably detailed summary of the calculations outlined in this subdivision. ADJUSTMENTS 4.01 On or oefore March 1st of the year following the Service Year, the City Clerk of the City of Maple Plain shall tabulate the actual Total Cost of Fare Protection for the Serivice Year and recalculate the Annual Consideration pursuant to the formulas set forth in Section 3 hereof, using actual cost figures. If said recalcualtion indicate a credit is due to the Fire Customer, it shall be shown as a deduction,one- fourth thereof on each of the next four sur_ceed- ingly quarterly payments, and if it is a debit, it shall be shown as an addition, one-fourth thereof, on each of the next four succeed- ing quarterly payments, and if it is a debit, it s?311 be shown as an addition, one-fourth thereof on eac'.. of the t four succeeding quarterly payments.