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Section 8. Term of Agreement. The term of this Agreement <br />shall be for the period of time during which the Little Canada <br />Elementary School facilities are used for school purposes. <br />Section 9. Termination. This Agreement shall terminate <br />upon the occurrence of one of the following events: <br />(a) If the District fails to obtain the approval of this <br />Agreement by the Minnesota Commissioner of Education, <br />pursuant to applicable state law, or <br />(b) If the District sells the Little Canada Elementary <br />School. <br />In the event of a termination under paragraph (b) prior to <br />December 31, 2009, the City shall be reimbursed at the time of <br />the closing of the sale for a portion of the costs incurred and <br />expended by the City relative to the construction of the shower <br />facilities, locker rooms, and additional storage space for the <br />exclusive use of the City, on the following basis: If the <br />District sells the Little Canada Elementary School within the <br />first year of this Agreement, the City shall be reimbursed 100% <br />of its costs. If the School District sells the Little Canada <br />Elementary School within the second year of this Agreement, the <br />City shall be reimbursed 95% of its costs. A similar <br />computation shall be made for each year of the first 20 years of <br />this Agreement. <br />Page 67 <br />