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<br /> 2.05. The HRA or the City, as applicable, may at any time make a determination to <br />forgive the outstanding principal amount and accrued interest on the Interfund Loan, in whole or <br />in part, on any date from time to time, to the extent permissible under law. <br /> <br /> 2.06. The HRA may from time to time amend the terms of this Resolution to the extent <br />permitted by law, including without limitation amendment to the payment schedule and the interest <br />rate; provided that the interest rate may not be increased above the maximum specified in Section <br />469.178. subd. 7 of the TIF Act. <br /> <br /> 2.07. This resolution supplements, but does not supersede, the Original Loan Resolution. <br /> <br /> Section 3. Effective Date. This resolution is effective upon adoption. <br /> <br />th <br />Adopted this 6 day of April, 2020. <br /> <br />_____________________________ <br /> Chair <br />ATTEST: <br /> <br /> <br /> <br /> <br />Secretary <br />3 <br />510729v1 JSB EL185-48 <br />