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authorizing the payment of certain costs by the HRA and the City, including the costs of <br />demolition of the buildings on the Parcel, in an amount not to exceed the greater of <br />$1,300,000 or the adopted and, if applicable, amended Tax Increment Financing Plan budget <br />for the TIF District pursuant to Minnesota Statutes, Section 469.178, Subd. 7. Payments of <br />principal of and interest on the Interfund Loan (as defined in the Interfund Loan <br />Resolution) shall be paid from Available Tax increment (as defined in the Interfund Loan <br />Resolution). This resolution supplements, but does not supersede, the Interfund Loan <br />Resolution. <br />Passed and adopted this 6t' day of July 2020. <br />ATTEST: <br />Tina Allard, City Clerk <br />Jt 6*. r)) <br />ietz,yo <br />P 09 E R E 1 l i <br />NATURE <br />