Laserfiche WebLink
amount of the coverage shall be adjusted accordingly. The cost of such insurance shall <br />be a part of the costs attributed to the operation of the Long Lake Fire Department and <br />will be included in the Annual Operating Budget. Nothing in this contract shall be <br />construed as waiving the statutory liability limits of any city, which is a party to this <br />contract. <br />S. Long Lake Operational Responsibility <br />The City of Long Lake shall be responsible for managing the operation of the Long Lake <br />Fire Department, and for managing tie on-going operation and maintenance of the Long <br />Lake fire station. This includes carrying builders risk insurance during construction of <br />the new Fire Station and carrying hazard insurance on the Fire Station thereafter. Long <br />Lake shall charge an annual Administrative Fee for these services. The Administrative <br />Fee of $17,200 for 2002 includes Long Lake's administrative overhead expenses. The <br />Administrative Fees may be adjusted from year to year through the Annual Fire Services <br />Operating Budget review and approval process. The costs related to the operation of the <br />Fire Department, including the on-going operation and maintenance of the Fire Station, <br />shall be included in the Annual Fire Services Operating Budget. <br />9. Budget Package <br />The Long Lake Fire Department's annual operating expenditures will be controlled <br />through an Annual Fire Services Operating Budget. When the Annual Fire Services <br />Operating Budget is approved, the expenditures may not exceed the level set in the <br />Budget without the approval of all parties to the contract. If, during the 20 -year term of <br />the agreement, a Contracting City chooses not to approve a proposed Annual Fire <br />Services Operating Budget, the Annual Fire Service Operating Budget increase will be <br />limited to the average annual General Fund Budget increase of the Contracting Cities, <br />until a new Annual Fire Services Operating Budget is approved by all Contracting Cities. <br />9.1 Definitions <br />A. The Annual Fire Services Operating Budget refers to the calendar year operating <br />budget of the Long Lake Fire Department. This budget will become the official <br />Annual Fire Services Operating Budget upon ratification by the Contracting <br />Cities. The Annual Fire Services Operating Budget incorporates all costs of <br />departmental operations including, but not limited to, the costs of the on-going <br />operation and maintenance of the fire station, Long Lake's Administrative Fee as <br />defined in Section S of this Agreement, and annual contributions to the Long Lake <br />Volunteer Fire Relief Association Retirement Fund. <br />B. The Annual Fire Services Capital Budget refers to the calendar year capital <br />budget of the Long Lake Fire Department. The Annual Fire Services Capital <br />Budget includes Major Equipment items and major repairs/rehabilitation of the <br />Fire Station. <br />3 <br />