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EQUIPMENT USE AGREEMENT FOR WATER AND <br /> WASTEWATER OPERATIONS SERVICES <br /> The City of Pequot Lakes, (CITY) owns certain capitol equipment for use <br /> in the maintenance of its utility systems and the CITY desires to rent out <br /> said capitol equipment to Pine River Area Sanitary District, (PRASD). <br /> Pine River Area Sanitary District owns certain capitol equipment for use in <br /> the maintenance of its public utility. PRASD desires to rent certain <br /> equipment to the CITY for the maintenance of its utility system. <br /> NOW THEREFORE, it is mutually agreed between the parties to work <br /> together for the good of both public utilities. And make the equipment <br /> listed below available for use by the other party. <br /> 1. EQUIPMENT THE CITY OF PEQUOT LAKES HAS THAT IT'S <br /> WILLING TO RENT TO PRASD. <br /> 1.1 One (1) portable trailer mounted jetter unit, for use in the <br /> routine and emergency cleaning of small to moderate sewer <br /> lines. <br /> i.Z One (1) service truck with crane <br /> 2. EQUIPMENT THE SANITARY DISTRICT HAS THAT IT'S <br /> WILLING TO RENT TO THE CITY OF PEQUOT LAKES. <br /> 2.1 One (1) trailer mounted portable generator. <br /> 3. INSURANCE <br /> 3.1. Both parties agree that each party is currently insured <br /> through the League of Minnesota Cities Insurance Trust <br /> (��LMCIT") and maintains appropriate levels of insurance as <br /> required by the LMCIT and furthermore each party agrees to <br /> maintain the current levels of insurance with the LMCIT <br /> through the term of this Agreement. <br /> 3.2. Both parties agree that they will provide evidence of and <br /> maintain in full force and effect municipal general liability <br /> insurance, automobile liability insurance, and workers' <br /> compensation insurance through the League of Minnesota <br /> Cities Insurance Trust (LMCIT) using standard LMCIT <br /> coverage forms. The CITY and PRASD shall be named as <br />