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(b) The increase in the most restrictive levy limit applicable to the budget year <br /> placed on any of the member municipalities over the levy limit for that member <br /> municipality for the prior year. <br /> In the event (a) or (b) decreases, the operating budget shall remain the same <br /> SECTION VIII <br /> BUY IN <br /> 8.1 In recognition of the assets of Circle Pines and Lexington being contributed the <br /> l ° i <br /> District, the City of Centerville agrees to oe en„ a-huts =' .. - • . _ _ e r � <br /> assets as a buy in to the District. Such payment shall be made by 12/15/2000. <br /> 8.2 One -third (1/3) of the buy -in amount shall be paid to the City of Lexington and two - <br /> thirds (2/3's) of the buy -in amount shall be paid to the City of Circle Pines. <br /> SECTION IX <br /> ARBITRATION <br /> 9.1 Arbitration Procedures. <br /> (a) Upon the City Councils of two member municipalities agreeing to proceed to <br /> arbitration in the types of disputes outlined in Section 10.1, the issue shall be <br /> submitted to the American Arbitration Association, which shall, as soon as <br /> reasonably possible, submit a list of potential arbitrators to each of the <br /> municipalities. No disputes except those proceeding forward from Section 10.1 <br /> shall be subject to arbitration. Except as identified herein, the commercial <br /> arbitration rules of the American Arbitration Association shall apply to an <br /> arbitration pursuant to this agreement. The municipalities shall, within thirty (30) <br /> days of receipt of the list of potential arbitrators, submit the rank ordering of their <br /> municipality's preference for arbitrators. The arbitrator having the highest <br /> ranking, across all member municipalities, will be selected as the arbitrator for the <br /> issue. The municipalities may, by unanimous - agreement, select -one (I) arbitrator <br /> from the list or any other qualified individual. <br /> (b) Within thirty (30) days after the appointment of the arbitrator and no sooner <br /> than ten (10) days following written notice to the member municipalities, the <br /> arbitrator shall commence a hearing on the dispute. <br /> (c) The hearing shall be recorded and may be transcribed at the request and <br /> expense of any municipality. AB hearing proceedings, debates and deliberations <br /> shall be open to the public, and shall take place at such times and places as <br /> contained in the notice, or as thereafter publicly stated in the order to adjourn. <br /> 10 <br />