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2 <br /> 2.05. The City may amend the terms of this Internal Loan at any time by resolution of the City <br />Council, including a determination to forgive the outstanding principal amount and accrued interest to the <br />extent permissible under law. <br /> <br /> Section 3. Effective Date. This resolution is effective upon the date of its approval. <br /> <br /> Adopted this ____ day of __________, 2018. <br /> <br /> <br /> __________________________________________ <br /> John T. Keis <br /> Mayor <br /> <br />ATTEST: <br /> <br /> <br />Joel R. Hanson <br />City Administrator