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interest on the Interfund Loan or other costs incident hereto except out of Available Tax <br />Increment. The City shall have no obligation to pay any principal amount of the Interfund <br />Loan or accrued interest thereon, which may remain unpaid after the final Payment Date. <br /> <br />3.08. The City may at any time make a determination to forgive the outstanding <br />principal amount and accrued interest on the Interfund Loan, in whole or in part, on any date <br />from time to time, to the extent permissible under law. <br /> <br />3.09. The City may from time to time amend the terms of this Resolution to the <br />extent permitted by law, including without limitation amendment to the payment schedule and <br />the interest rate; provided that the interest rate may not be increased above the maximum <br />specified in Section 469.178. subd. 7 of the TIF Act. <br /> <br />th <br />Passed and adopted this 15 day of May, 2017. <br /> <br /> <br /> <br /> John J. Dietz, Mayor <br /> <br /> <br /> <br />ATTEST: <br /> <br /> <br /> <br />Tina Allard, City Clerk <br /> <br /> <br /> <br />