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original amount funded by Uiat city. In the event that Long Lake waives its right to acquire <br />full title to a particular Major Equipment item, the Contracting City with the large.st owner.ship <br />share of that item shall have the right to acquire full title to the item by paying the amount <br />funded by each of the other Contracting Cities. If that City declines to acquire full title, the <br />remaining Contracting City may acquire title on the same terms. In the event that no <br />Contracting City wishes to acquire full title to a particular Major Equipment item, it shall be <br />sold and the proceeds of the sale divided between the Contracting Cities pro-rata to their <br />original fundinj All Major Equipment items funded during die term of the contract, including <br />extensions, will be covered by this terminating procedure. <br />The dissolution language applies to all equipment purchased, and fund balances accrued, since <br />January 1 of 1993. This language is not intended to address any claim cities may have <br />regarding equipment purchased prior to January 1. 1993. <br />18. Terminatiiin of this Agreement <br />lliis Agreement may be terminated by either the method detailed in Section 9 or by mutual <br />agreement of all Contracting Cities. Upon termination, the method described in Section 17 will <br />be used to distribute Major Equipment assets and the audit of operating costs for the final year <br />of the Agreement shall govern the handling of amounts due between the Contracting Cities. All <br />incidental materials and equipment will remain with the Long Lake Fire Department. <br />8