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15. Contract Payments <br />The City Budget Share (See Section 16.2) of each Contracting City shall be paid in equal <br />quarterly installments on January 1, April 1, July 1 and October 1 of the next contract <br />year by the Contracting City to the City of Long Lake. <br />Long Lake agrees to provide each Contracting City with reasonably detailed information <br />relating to the actual expenditures against the Annual Operating Budget at its request and <br />on a quarterly basis and agrees to make its records available to the Contracting City for <br />inspection for the purpose of determining the basis for the allocation of costs to fire <br />protection. <br />16. Arbitration <br />If a Contracting City is aggrieved by the determination of the City of Long Lake as to the <br />allocation of the actual costs of the prior year's service, the Contracting City may appeal <br />said determination within 30 days after receipt of the City of Long Lake's audit. Said <br />appeal shall be in writing and shall be addressed to the City of Long Lake asking for <br />arbitration by a board of arbitration. The Board of Arbitration shall consist of three <br />persons; one to be appointed by the City of Long Lake, one to be appointed by the <br />appealing Contracting City, and the third to be appointed by the two so selected. The <br />name of each arbitrator shall be submitted in writing to the other parry. In the event that <br />the two arbitrators so selected do not appoint the third arbitrator within 15 days after <br />receipt of written notice of appointment of either of the first two arbitrator's, the Chief <br />Judge of the District Court of Hennepin County shall have jurisdiction to appoint, upon <br />application of either the Contracting Cities or the appealing Contracting City, the third <br />arbitrator to the Board. The third arbitrator selected shall not be a resident of either <br />Contracting City, and shall be a city manager or administrator. The arbitrator's expenses, <br />not including counsel fees, incurred in the conduct of the arbitration, shall be divided <br />equally between the parties to the arbitration. Arbitration shall be conducted in <br />accordance with the Uniform Arbitration act, Chapter 572 of the Minnesota Statutes, and <br />any decision shall be rendered within 60 days of appointment of the third arbitrator. Said <br />arbitration shall b6 binding on both parties. <br />17_ Special Fire Funds <br />In order to facilitate the accounting and reporting of all fire funds associated with the <br />Annual Operating Budget, a Fire Operating Fund will be maintained by the City of Long <br />Lake. No Major Equipment Fund will be maintained by the City of Long Lake on behalf <br />of the Contracting Cities as a part of this agreement since under the provisions of Section <br />11 each Contracting City agrees to maintain an Equipment Fund on its own. <br />7 <br />