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<br />. <br /> <br />. <br /> <br />. <br /> <br />annual basis. In any event, all unpaid accrued <br />interest shall be paid upon termination of the <br />deferral. <br /> <br />Passed and adopted by the City Council of the City of Elk River <br />this 15th day of November, 1993. <br /> <br />John Dietz, Vice Mayor <br /> <br />ATTEST: <br /> <br />Sandra Thackeray, City Clerk <br /> <br />This instrument was drafted by: <br /> <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />