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B. In the event the City does not exercise its purchase option, it shall be entitled to an amount equal to the depreciated value of its investment in the Elementary School building at the time of closing. C, The depreciated value of the City ' s investment shall be based upon a twenty -five (25) year straight -line depreciation schedule. On the January 1st following the date of the City ' s frst Wight of use, the City# s investment shall depreciate in the sum of $10,000.00 (for each elementary school) and shall depreciate $10,000.00 each January 1st thereafter until fully depreciated. 9, Equitable Treatment, It is understood by the parties that the payments made by the City are to be used to provide larger size and higher quality gymnasium and locker room improvements, office and storage space, end exclusive use provision, , all at no additional charge as outlined in this Agreement. The School District acknowledges the. need to maintain equity in dealing with various municipalities in this matter* Accordingly, the School District affirms and represents that it is not presently engaged in any discussions nor does it contemplate entering into agreements with zany other cities with substantially different terms than this Agreement. It is further recognized, however, that based upon legislative changes, changes in the needs of the school district and - other unforeseeable circumstances, similar agreements in the fu Vure may encompass substantially different terns and conditions. 10. Arbitratiop. Any disputes regarding compliance with or interpretation of this Agreement shall be resolved by good faith negotiations. Failing that, such disputes shall be resolved by final and binding arbitration betw6en the parties utilizing the American Arbitration .8