Agenda - Council - 08/14/2007 - Laserfiche WebLink

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C. This Agreement shall, unless earlier terminated pursuant to the terms of this Agreement, remain in force in perpetuity. D. This Agreement may be terminated at any time for any reason by either Burns or Ramsey, provided the terminating party provides at least two years' written notice to the other party of its intent to terminate. The effective termination date must coincide with the last day of a calendar year. Notice to Ramsey shall be served on the City administrator, or City clerk if there is no City administrator, and notice to Burns shall be served on the Town clerk. E. The obligations of the parties to make payment for services rendered during the term of this Agreement shall survive the termination of this Agreement. F. The existing fire service contract between Burns and Ramsey dated August 1, 2006 shall remain in full force and effect until the commencement date of this Agreement as set out in paragraph 7A above, at which time said August 1, 2006 fire service contract shall terminate. G. Either party may at any time request in writing change or amendment to this contract related to cost sharing or other terms. If mutually agreed upon, such changes may be adopted by execution by officials of both parties of an amendment to this contract. 8. DISPOSITION OF PERSONNEL AND ASSETS AFTER TERMINATION A. Within one year prior to the termination or expiration of the term of this Agreement, but no later than 120 days prior to the termination or expiration of the term of this Agreement, Burns may elect, via written notice to Ramsey, to retain the fire and rescue personnel assigned to the Burns fire station for Burns own fire department or any other fire department Burns may enter into a joint powers agreement with. In such event, Ramsey shall calculate the total amount of Ramsey fire relief association money attributable to Burns ( "Burns Fire Relief Funds "), which shall be the sum of: 1) Burns proportion of FSRB proceeds received from the State during the term of this Agreement which were derived from property located in Burns; and 2) the annual fire relief association contributions paid by Burns during the term of this Agreement; and 3) the interest earned on both the Burns portion of the FSRB and Burns' fire relief association contributions described above. Once calculated, Ramsey shall transfer to a Burns fire relief association or the fire relief association of another fire department as directed by Burns and which Burns has entered into a joint powers agreement with, the following amounts: i. The present value of the vested pension benefits for all Ramsey fire fighters who remain with the Burns fire department or a department which Burns has entered into a joint powers agreement with ( "Vested Benefits "); and ii. The Burns Fire Relief Funds multiplied by a ratio consisting of the number of Ramsey fire personnel assigned to the Burns fire station who remain with the Burns fire department or another fire department which Burns has entered into 0 -232-