Resolution 7632 Shoreline Fire JPA

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SECTION 7 FUNDING 7.1 Member Contributions. Each Member shall contribute an allocated share of the total operating budget (capital and operating expenses) to the Department as established by the Board, using the formula set forth in this section. The Board may agree to different funding terms with any Contract City as provided in Section 13.3 below. a. The share allocated to each Member shall be based upon that Member's percentage of the following: (1) Assessor's estimated market value for property within the Department's service area as of June 30th of the prior year; (2) Population of the Department's service area based upon the most recent state demographer estimates of population within each Member Community as of June 30th of the prior year; (3) Total number of calls made from the Department's service area over the previous three (3) calendar years prior to the immediately preceding year. For years prior to the establishment and operation of the Department, LLFD and OFD data shall be used b. The allocations shall be made by averaging the above percentages: by adding each of the percentages identified above in "(1)" through "(3)" and dividing by three (3). c. Capital Fund. The Capital Fund contributions will be determined by the multiyear Capital Improvement Plan as created and maintained by the Department. The Capital Fund will have a separate account for holding the balance of annual contributions fi•om the Members. The Member contributions will be based on the formula defined in Section 7.1. 7.2 Additional Contribution. In addition to its allocated share of the Capital Improvement Prograrn/Finance Plan under Sections 7 and 8 of this Agreement, Orono agrees to make payments on behalf of Long Lake as provided in this paragraph. Orono will make payments on behalf of Long Lake for Long Lake's allocated share of the Operating Budget and Capital Improvement Program/Finance Plan during the first five (5) years of this Agreement, in the amount of $50,000.00 annually. In the event Orono withdraws or this Agreement is dissolved during this initial five (5) year period and Orono has not allocated to Long Lake the full aggregate value herein contemplated, Orono shall pay to Long Lake any unallocated value upon such withdrawal or dissolution. 7.3 Quarterly Payment. The Department shall bill each of the Members on a quarterly basis at least thirty (30) days before payments are due. 7.4. Contracting Entities. The Department shall bill other contracting entities as provided by contract, consistent with Section 7.1 above. Such funds will be used to operate the Department in the same manner as contributions obtained from each of the Members. 235703v20