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<br /> A. Operatine: Bude:et. On or before July 1st of each year, Fire Department will . <br /> submit an annual operating budget for the period January 1 through December <br /> 31 of the following year. The operating budget will be itemized for each station. <br /> City will make quarterly operating budget payments on or before January 15th; <br /> April 15th; July 15; and October 15th. <br /> B. Five-Year CaDitallmprovement Bude:et. On or before July 1st of each year and <br /> along with the operating budget, Fire Department shall submit a five-year capital <br /> improvement budget which itemizes vehicles and equipment which are <br /> estimated to cost more than $10,000. <br /> C. Annual Audit. On or before July 1st of each year, Fire Department shall provide <br /> a copy of the previous year's annual certified audit. <br /> 9.0 Independent Contractor. Fire Department members shall not be considered <br /> employees of City and shall not be entitled to any of the benefits usually accruing to regular City <br /> employees, including, but not limited to, severance pay, health and welfare insurance benefits, <br /> retirement credit, workers compensation coverage, or other benefits normally considered to be <br /> employee fringe benefits. Fire Department shall not be subject to any existing civil service <br /> regulations, protections or benefits and hereby expressly waives all rights to benefits accorded <br /> present employees of the City and hereby acknowledges that it is entitled to make no claims . <br /> against City except as provided herein. This Contract does not create the relationship of <br /> principal and agent; partnership; joint venture; or of any association between City and Fire <br /> Department other than that of independent contractors. <br /> 10.0 Insurance. Unless otherwise provided herein, Fire Department shall purchase <br /> insurance of the types listed below and such other coverages as it may deem advisable: <br /> A. Worker's Compensation - statutory limits. <br /> B. Comprehensive Liability - $1,000,000.00 single limit. <br /> C. Vehicle Coverage (comprehensive and collision) for all vehicles and trucks used <br /> by the Fire Department in providing fire protection and fire prevention services <br /> to the City and to the cities of Arden Hills and North Oaks. <br /> D. Building and Equipment Coverage (replacement value) for all buildings and <br /> .'" <br /> equipment owned or used by the Fire Department in providing fire protection and <br /> fire prevention services to the City and to the Cities of Arden Hills and North <br /> Oaks. <br /> All insurance policies purchased by Fire Department shall include City as an additional <br /> 5 . <br />