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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 />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 />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 />Passed and adopted this 15'h day of May, 2017 <br />AT <br />Tina Allard, Ctty Cle k <br />J n J. 16ietz,l\B yor <br />IO11RII IY <br />INATUREI <br />