Agenda Packet Cc - regular meeting 3/14/1988

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-.1. -.... JIc of either contracting city, and shall be a city manager or city 184. administrator. The arbitrators expenses and fees, together with other -35. expenses, not including counsel fees, incurred in the conduct of the ar- 186. bitration, shall be divided equally between the parties to the arbitratio 187. Arbitration shall be conducted in accordance with the Uniform Arbitration 188. Act, Chapter 572 of the Minnesota Statutes. Said arbitration shall be 169. binding on both parties. 190. C. Capital -Expenditures and/or Interim Increases in the Funds. 191. Not withstanding any of the above, the contracting cities shall have the 192. right to be heard regarding any proposed capital expenditures which are ne 193. in the annual estimated cost budget and which exceed $5,DOD.00 and/or 194. interim increases in the Funds not otherwise included in the annual budget 195. Notice of such proposed and non -budgeted capital expenditures and/or in- 196. terim increases in Funds shall be in writing to the contracting cities 197. prior to actual expenditures for such items and the contracting cities 198. shall thereafter have ten days in which to approve or disapprove the same) i 199. in writing and if there is no response which disapproves the expenditure 200. it is agreed that such proposed expenditures may be made and the cost 2D1. thereof shall be included in that years budget. 202. D. Fire Depertment Relief Association. The contracting cities agree' 203. that it is important that the volunteer firemen of the City of Mound have, 204. a relief association that will provide retirement benefits after retire- 1 205. ment to compensate the firemen for all the volunteer hors they contributs1 206. The contracting cities also realize the wisdom of contributing to this 207. fund on a pay as you go basis. The contracting cities also recognize 208. that as retirement levels increase that additional contributions will be 209. required beyond the present 1968 contribution level. The retirement - 210. costs paid to the Relief Association shall be considered as a part of 211. the prior years operating costs. The contracting cities amount 212. being paid for releif benefits will be paid until and unless a majority