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AGREEMENT REGARDING INTERIOR INSPECTION <br />THIS AGREEMENT Regarding Interior Inspection (the "Agreement ") is <br />executed and made as of September 13, 2007, between NORTHEAST <br />METROPOLITAN INTERMEDIATE SCHOOL DISTRICT 916, a Minnesota <br />intermediate school district ( "Metro East 916 "), whose address is 2540 East County Road <br />F, White Bear Lake, Minnesota 55110, and the CITY OF LITTLE CANADA, a <br />Minnesota municipal corporation ( "City "), whose address is 515 Little Canada Road <br />East, Little Canada, Minnesota, 55117. Metro East 916 and the City are jointly referred <br />to as (the "Parties "). <br />PREMISES FOR AGREEMENT <br />WHEREAS, Metro East 916 was formed approximately thirty-five (35) years <br />ago to provide special education, career and technical education, and educational services <br />for its member districts; and <br />WHEREAS, Metro East 916 has the following eleven member school districts: <br />Roseville, North St. Paul /Maplewood /Oakdale, Mounds View, South Washington <br />County, Stillwater, Spring Lake Park, White Bear Lake, Columbia Heights, Mahtomedi, <br />North Branch, and Centennial; and <br />WHEREAS, Metro East 916 must look out for the interests of its member school <br />districts and their taxpayers; and <br />WHEREAS, Metro East 916 operates a school known as Capitol View School <br />( "Capitol View ") located upon that certain real estate parcel with an address of 70 West <br />County Road B2, Suite 200B, Little Canada, Minnesota 55117 ( "Capitol View Parcel "); <br />and <br />WHEREAS, Metro East 916 purchased the Capitol View Parcel from the <br />Roseville school district approximately twenty years ago, and upon said parcel, Metro <br />East 916 operates Capitol View special education programs and the 916 Area Learning <br />Center East; and <br />WHEREAS, the City would like to establish a renewal and renovation tax <br />increment financing district ( "TIF District ") to fund certain improvements along County <br />Road B2; and <br />WHEREAS, the City would like to include Capitol View within the proposed <br />TIF District in order to meet certain statutory requirements to establish the TIF District <br />even though the City does not intend for Capitol View to be redeveloped, except if Metro <br />East 916 expressly agrees to transfer the Capitol View Parcel for redevelopment purposes <br />on terms approved by Metro East 916 in its sole discretion; and <br />2081743v2 <br />4 <br />