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<br />j . <br /> <br />8. <br /> <br />business day of each year. The Company will be responsible <br /> <br /> <br />for the 1989 $75,000.00 payment as required by .the Fran- <br /> <br /> <br />chise. No subsequent annual $75,000.00 payments as required <br /> <br /> <br />by the Franchise shall be required from the Company so long <br /> <br /> <br />as this Agreement is in effect. <br /> <br />In 1990, the Company shall pay the Commission or its <br /> <br />designee $450,000 in equal quarterly installments commencing <br /> <br />the first business day of 1990 pro rated from the effective <br /> <br />date of this Resolution for the remainder of 1990. Commenc- <br /> <br />ing the first business day of 1991, and on the first <br /> <br />business day of each year thereafter, continuing to the end <br /> <br />of the franchise term and any renewals thereof, the annual <br /> <br />contribution paid quarterly shall be the previous year's <br /> <br />total contribution, increased by the Consumer Price Index <br /> <br />for Minneapo1 is-st. Paul for the year ending December 31 <br /> <br />prior to the payment of the first business day of the year, <br /> <br />as published by the U. S. Bureau of Labor statistics or an <br /> <br /> <br />escalator as described below, whichever is greater. Even <br /> <br />though a pro rata payment is to be made in 1990, the <br /> <br /> <br />"previous year's total contribution" for the purpose of <br /> <br />escalation in 1991 shall be $450,000, as if the entire <br /> <br /> <br />amount had been paid in 1990. The escalator shall be five <br /> <br /> <br />percent (5%) of the previous annual payment so long as the <br /> <br /> <br />Company's gross revenue increase for the year ending <br /> <br />December 31 before the payment of the first business day of <br /> <br /> <br />the year was thirteen percent (13%) or less. If the <br /> <br />. <br /> <br />. <br /> <br />6 <br /> <br />. <br />