Agenda Packet Cc - regular meeting 3/14/1988

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---• I— - .v ♦u.a, a.% ua tuat years rinaa estimateo costs, The 153. allocation of the credit or debit shall be made pursuant to the basic cost 154. formula set forth above. 155. 4) In order to facilitate the accounting and reporting of all 156. fire funds, a special Fund called the 'Area Fire Service Fund" is hereby 157. created. All operating expenses shall come.from this fund. Other separat, 15B. Funds already in existence include, Fire Dept. Capital Outlay Fund; Equip- 159. ment Reserve; Firemen's Relief Association Fund; Fire Truck Bonded Indebte 160. ness Fund. Reports on each of these Funds will also be provided to the cor. 161. tracting city by the City of Mound, annually following the contract year. 162. 5) If any of the above mentioned Funds, for whatever reason. sha 163. become delinquent and require additional funds prior to the next contract 164. year, the contracting city shall be notified of such shortage in estimated 165. revenue -and the contracting parties, by majority of all of the contracting 166. cities shall vote to transfer from the reserve fund or to pay as a part of 167. the current years quarterly costs set forth in paragraph 3 above. 168. B. Arbitration. I£ the contracting city is aggrieved by the,deterr.in- 169. ation of the City of Mound as to the allocation of the actual costs of thi 170. prior year's service, the contracting city may appeal said determination 171. within 30 days after receipt of the City of Mound's audit. Said appeal 172. shall be made in writing and shall be addressed to the City of Mound ask- 173. ing for arbitration by a board of arbitration. The Board ok Arbitration 174. shall consist of three persons; Me to be appointed by the City of Mound 175 one to be appointed by the appealing contracting city and the third to be 17f. appointed by the two so selected. The none of each arbitrator selected 177. shall be Submitted in writing to the other party. In the evens that the 178. two arbitrators so Felected do not appoint the third artitrator within 179. 15 days after their appointment, th( Chief-)'Jdgc of the District Court ]60. of RcemEpin County shall have jurisdiction to appoint, upon application 187. of Either thc City of Mound or tbc. appealing contracting cite, thc third 182. arbitratOr to the board. The tt,irrl art it rnt �. r. ie.-.. . -i� .,mot be a