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fer-- <br />Ifet--’' <br />iKi ’ -^ ■ ' <br />lG'f%;' <br />*!V- <br />,v‘ <br />SS'-'"iife: <br />c.That the principal and oalances of interest wil i. oe aseci to reduce lease pyaraents to minimize tax levies <br />for that lease purchase payments. <br />D.That the S2 million may include $300^030 separately <br />held in escrow for final payment (?) <br />E. That the $2 million will not otherwise be reduced in <br />principal. <br />and Council further resolutes that; <br />1. Conditions A, B and C can only be amended by a 4/5 <br />vote of the entire Council and that <br />2.Condition D and E can only be amended by a unanimous <br />vote of the entire Council, vacancies not <br />withstanding. <br />Adopted by the City Council of the City of Orono, <br />Minnesota at a regular meeting held June 24, 1991. <br />Barbara A. Peterson, Mayor <br />ATTEST: <br />Dorothy M. Hallin, city Clc’-k <br />■■IrS-r