In lieu of the establishment of a Fire Department for the Borough,
the Borough may enter into a shared service agreement with a fire
district, municipality or other local unit which provides firefighting
services to the public and obtain firefighting services for the Borough
pursuant to such a shared service agreement. Rather than having a
department of municipal government to supervise the providing of firefighting
services to the Borough, the provision of such firefighting services
shall be fully governed by and shall be provided in accordance with
the shared service agreement between the Borough and such entity.
Such a shared service agreement shall be for a term not exceeding
five years and shall provide for the payment of reasonable compensation
for the providing of such service. Such agreement may contain reasonable
provisions for termination of the agreement and such other provisions
as the Borough Council may deem necessary or appropriate.