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The City may amend the terms of the Interfund Loan at any time by resolution of <br />the City Council, including a determination to forgive the outstanding principal amount <br />and accrued interest to the extent permissible under law. <br />The motion for adoption of the foregoing resolution was duly seconded by Councilmember Specht <br />and, after full discussion thereof, and upon a vote being taken thereof, the following voted in favor <br />thereof: <br />Mayor Kuzma <br />Councilmember Riley <br />Councilmember Specht <br />Councilmember Heineman <br />Councilmember Howell <br />Councilmember Musgrove <br />Councilmember Woestehoff <br /> <br />and the following voted against same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br />and the following were absent: <br /> <br /> None <br /> <br />Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br />the 24th day of August, 2021. <br /> <br /> <br /> <br /> Mayor <br /> <br />ATTEST: <br /> <br /> <br /> <br />City Clerk <br /> <br />Resolution #21-241 <br />Page 4 of 4 <br />