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business day of each year. The Company will be responsible <br />for the 1989 $75,000.00 payment as required by the Fran- <br />chise. No subsequent annual $75,000.00 payments as required <br />by the Franchise shall be required from the Company so long <br />as this Agreement is in effect. <br />8. In 1990, the Company shall pay the Commission or its <br />designee $450,000 in equal quarterly installments commencing <br />the first business day of 1990 pro rated from the effective <br />date of this Resolution for the remainder of 1990. Commenc- <br />ing the first business day of 1991, and on the first <br />business day of each year thereafter, continuing to the end <br />of the franchise term and any renewals thereof, the annual <br />contribution paid quarterly shall be the previous year's <br />total contribution, increased by the Consumer Price Index <br />for Minneapolis -St. Paul for the year ending December 31 <br />prior to the payment of the first business day of the year, <br />as published by the U. S. Bureau of Labor Statistics or an <br />escalator as described below, whichever is greater. Even <br />though a pro rata payment is to be made in 1990, the <br />"previous year's total contribution" for the purpose of <br />escalation in 1991 shall be $450,000, as if the entire <br />amount had been paid in 1990. The escalator shall be five <br />percent (5 %) of the previous annual payment so long as the <br />Company's gross revenue increase for the year ending <br />December 31 before the payment of the first business day of <br />the year was thirteen percent (13 %) or less. If the <br />6 <br />Page 13 <br />