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<br />. <br /> <br />e <br /> <br />. <br /> <br />August 2~, 1989 <br />Page 2 <br /> <br />repayment schedule. Total payment to the School District from <br />the City would be $75,000. <br /> <br />8. While the Addition is occupied by the School District, the <br />School District will be responsible for all related operating <br />expenses, utilities, maintenance, and taxes, if required. <br />Liability insurance will be covered under the City's liability <br />policy. The School District will annually reimburse the City <br />for its pro-rata portion of this insurance expense. <br /> <br />9. Any provisions for the School District to vacate the Addition <br />prior to the end of the Term or to extend its occupancy of the <br />Addition, will be negotiated between the City and the School <br />District. <br /> <br />Please advise me if the above does not sufficiently reflect the <br />understanding of the City and the School District. <br /> <br />Patrick D. Klaers <br />City Administrator <br />City of Elk River <br /> <br />Dr. David Flannery <br />Superintendent <br />Independent School District #728 <br /> <br />Date: <br /> <br />Date: <br /> <br />TJK:CE4s <br />