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where H = City Call Hours <br />F Total Call Hours <br />C. City Budget Percentage = 1 (City Market Percent x 0.70 ) + (Call Percent x 0.30 ) 1 <br />D. City Budget Share = (City Budget Percentage /lOO) x (Annual Operating Budget less <br />Major Fquiptnent expenditures) <br />E. The City Budget Share of Major Equipment expenditures is determined under the provision <br />of Section 17. <br />16.4 City Call Hours. Total Call Hours, City Fire Service Area .Market Values Total Fires <br />Service Area Market Value, and City Budget Percents for 1994 are shown in Appendix B <br />attached. <br />16.5 The Annual Budget Package for 1994 (Which includes the Annual Operating Budget for <br />1994, the Year Two Budget (for 1995), and 0;-^ Year Tliree Budget (for -1996) are shown in <br />Appendix C attached. <br />17. Major Equipment Funding <br />Each Contracting City agrees to maintain its own fund for .Major Equipment. .Major Equipment <br />is defined as "roiling stock' or similar major equipment assets required for performing the fire <br />department mission in the Fire Protection Area. To qualify as Major Equipment such assets <br />must have a initial purchase value of at least $20,000.00 . When a Major Equipment item is to <br />be purchax^'u the following process for sharing the funding will be used. <br />17.! Funding <br />A. Long Lake will have the option of funding any percentage of the total which is equal to or <br />greater than the average of its last three City Budget Percentages including the current calendar <br />year. <br />H. Medina will have the option of funding tlie remaining amount. If Medina does not wish to <br />fund the total of the remaining amount, it must find at lea.st die average of its last three City <br />Budget Percentages including 'he current calendar year and may fund more if it chooses. <br />C. Crono will fund the balance remaining to he funded after Long l ake and .Medina have <br />specified their funding amounts. <br />17.2 Termination <br />In the event that this Agreement shall be terminated based upon the method described in <br />Section 9.5 or by mutual agreement of all the Contracting Cities. Long Lake will have the <br />right to purchase each Contracting City's ownership share of each Major Equipment item at the