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Purchasing, accounting, and future sale under this Agreement shall be in accordsnce with <br />the requirements of the Brisbane Municipal Code. Brisbane shall have custody of the <br />monies of SMCTG and shall malntsin a separate record of such funds. Operational issues <br />pertaining to the simulators shall be resolved by a committee of troining officers (the <br />"Operations Committee") approved by a ma.~ority of the SMCTG members. When approval <br />by SMCTG members is required under t~s Agreement, approval of the Operations <br />Committee is not sufficient. <br /> <br />3. Purchase of Simulators: <br /> <br /> (a) Brisbane applied for and received a grant from FEMA for the purchase of <br />four (4) simulators, with the intent of providing these simulators for use by the members of <br />SMCTG. The grant application was based upon a total cost of the simulators of <br />$458,485.00, of which $412,637.00 would be financed with FEMA grant funds and the <br />remaining $45,848.00 would be a local share contributed by the members of SMCTG. This <br />cost does not include any additional equipment or amenities for the simulators or any <br />charge for maintenance and upkeep of the equipment. Daly City has also secured a grant <br />in the amount of $10,000.00 from the Peninsula Community Foundation to be applied <br />toward reduction of the local share, leaving a balance of the local share to be contributed by <br />the members of SMCTG in the amount of $35,838. f <br /> <br /> (b) Each of the parties to this Agreement shall contribute the sum of $1,991.00, <br />representing 1/18th of the remaining local match required for purchase of the simulators. <br />Such contribution shall be paid at the time a party executes this Agreement. Brisbane <br />shall not be obligated to place any final, legally binding purchase order for the simulators <br />until the required contributions have been received from all of the SMCTG members. <br /> <br /> (c) The simulators shall be purchased by Brisbane in accordance with the terms <br />of the "Contract For Sale of Goods" between Brisbane and Fireblast 451, Inc., a copy of <br />which is attached hereW as Exhibit "A" and incorporated herein by reference. Each of the <br />parties hereby approves the terms and conditions of said Contract. <br /> <br /> (d) Legal t/fie to the simulators and related equipment shall be held in the name <br />of Brisbane during the term of this Agreement. <br /> <br />4. Maintenance and Repair of Simulators: <br /> <br /> (a) Brisbane will be responsible for arranging the maintenance and repair of the <br />simulators. M~inte~nce and repair of the simulators shall be performed by either <br />Brisbane or other responsible provider of such services which contracts with Brisbane to <br />perform such work on behalf of SMCTG. <br /> <br /> (b) The part~es hereby establish a M~intenance Fu_ud, to be utilized by Brisbane <br />as needed for payment of maintenance and upkeep expenses of the simulators and related <br />equipment. The Maintenanc~e Fund shall be accounted for on the books of Brisbane as a <br />separate fund held for the benefit of SMCTG. Money remoining in the Maintenance Fund <br />at the end of each fiscal year shall be carried forward to the succeeding fiscal year. All <br />expenses related W. the maintenance and upkeep of the sixnulaWrz and their related <br />component parts and equipment shall be charged to the Maintenance Fund. Maintenance <br /> <br /> Rev. 7/21/03 -2- <br /> <br /> <br />