In England and Wales, water utilities reduce hydraulic pressure to a minimum regulatory threshold in order to reduce leakage and avoid financial penalties. However, utilities are not legally bound to guarantee specific flow rates from fire hydrants, thus posing a risk for firefighting. We formulate a biobjective mixed-integer nonlinear program (MINLP) to simultaneously determine control valve settings and the location of fire hydrants to be utilized in a water distribution network during urban fire incidents. The goal is to provide the required flow rate from the fire hydrants while minimizing 1) the distance of the utilized fire hydrants from the fire location and 2) the impact on customer supply. As the solution is required in real-time, we propose an optimization-based heuristic, which relies on iteratively solving a NLP approximation and relaxation of the MINLP formulation. Furthermore, we assess the quality of the heuristic solutions for the presented study case by calculating global optimality bounds. The proposed heuristic is applied to an operational water distribution network.