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2.06. The City or the HRA, as applicable, may at any time make a determination to <br />forgive the outstanding principal amount and accrued interest on the Interfund Loan, in <br />whole or in part, on any date from time to time, to the extent permissible under law. <br />2.07. 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 <br />and the interest rate; provided that the interest rate may not be increased above the <br />maximum specified in Section 469.178. subd. 7 of the TIF Act. <br />Section 3.Effective Date. This resolution is effective upon adoption. <br />Passed and adopted this 18`x' <br />day of December 2017. <br />rpt j. T4t7' N' . <br />ATTEST: <br />d,. <br />P <br />Tina Allard, City Clerk <br />POWE N II ® 9 <br />iu <br />m011