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Department agrees to meet with the City to discuss disposition of Fire Department assets <br />with the best interest of the citizens of Little Canada in mind. <br />10. The Fire Department and the City Council held joint workshops during <br />2010 to review the Fire Truck Replacement Program. The result of these workshops was <br />a revised Fire Truck Replacement Plan and the annual funding of the Fire Truck <br />Replacement Program has been included in the City's Capital Improvement Budget. As <br />part of this process, the Fire Department has agreed to contribute 50% of their charitable <br />gaming profits for 2014, net of the 10% tax, to aid in the purchase of fire equipment. <br />These funds will be transferred by the Fire Department to the City. The City will place <br />them in the Fire Equipment fund and they may only be used to assist in making fire <br />equipment purchases that are mutually agreed to by the City and Fire Department. <br />11. The Fire Department also identified other capital needs and a contingency <br />reserve totaling $34,844 for 2014. The Fire Department will be reimbursed for the <br />budgeted 2014 capital expenditures upon submitting the City proper documentation of <br />the expenditure or need for reserve draw. The Fire Department shall continue to update <br />its five year Capital Improvement Budget on an annual basis and submit the same to the <br />City by August 15th of the current contract year. <br />WITNESS OUR HANDS AND SEALS, this 24th day of September, 2014. <br />SEAL <br />SEAL <br />CITY OF LITTLE CANADA <br />By <br />Rick Montour, Acting Mayor <br />By <br />Joel Hanson, City Administrator <br />LITTLE CANADA FIRE EPARTMENT, INC. <br />By <br />Don Smiley, Chief <br />By <br />Kevin Keenan, Secretary <br />3 <br />