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3 2.5 Development Approvals. The City of Arden Hills will review the proposed project as part of its normal development process. 2.6 Termination. The Joint Powers Agreement shall be terminated upon the occurrence of any of the following: 2.6.1 No Project Construction. If the Project does not move forward and the Project is not constructed pursuant to paragraph 2.4, the City of Arden Hills will have the option to reimburse the other Cities and the Lake Johanna Fire Department for their direct cost to acquire the Property and any costs associated with the Project, and take ownership of the Property. This option must be exercised within ninety (90) days after expiration of the construction commencement date in paragraph 2.4. Closing on this option must occur within one hundred twenty (120) days of the date on which notice is given by the City of Arden Hills to the Board that it is exercising the option. 2.6.2 Arden Hills not Served by Lake Johanna Fire Department. Should the Lake Johanna Fire Department no longer serve the City of Arden Hills or no longer use or occupy the Property, or otherwise cease to operate in the fire station, then the fire station, at the discretion of the Board, may be used by a successor organization that provides fire protection to all the Cities. Should no acceptable successor organization be identified, the City of Arden Hills will have the option to reimburse the other Cities and the Lake Johanna Fire Department for their respective contributions to the purchase of the Property, construction of the Project, and any applicable capital improvements to the Property or the Project, plus inflation as measured by the Consumer Price Index (CPI), and take ownership of the Property and associated buildings. This option must be exercised within ninety (90) days after the occurrence of the event triggering Arden Hills’ option. Closing on this option must occur within one hundred twenty (120) days of the date on which notice is given by the City of Arden Hills to the Board that it is exercising the option. 2.6.3 Termination by Board. The Board may terminate this Agreement upon the vote of 3/4 of the directors present at any duly called meeting where a quorum is present. 2.6.4 Sale Proceeds. Upon termination of this Agreement by the Board pursuant to paragraph 2.6.3, the Property shall be sold and the net sale proceeds shall be divided amongst the Cities and the Lake Johanna Fire Department in proportion to their direct costs paid for the Property and the Project.