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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 <br />City Council, including a determination to forgive the outstanding principal amount and accrued <br />interest to the extent permissible under law. <br />Section 3. Effective Date. This resolution is effective upon the date of its approval. <br />Adopted this 23rd day of May, 2018. <br />__________________________________________ <br />John T. Keis <br />Mayor <br />ATTEST: <br />Joel R. Hanson <br />City Administrator