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f-. <br />r <br />f <br />t <br />I. <br />I <br />Fr <br />s; <br />if <br />k <br />C.That the principal and balances of interest will be <br />used to reduce lease pyaments to minimize tax levies <br />for that lease purchase payments. <br />D.That the $2 million may include $303,000 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 tegular meeting held June 24, 1991. <br />Barbara A.Peterson, Mayor <br />ATTEST: <br />Dorothy M. Hallin, City Clerk