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. <br /> L <br /> Upon the occurrence of one of the events specified in Section 4 , the <br /> Council shall terminate the deferment . Thereupon , the City Clerk shall <br /> notify the County Assessor and the County Auditor of the termination , <br /> including the amounts accumulated on unpaid installments, plus applicable <br /> interest , which shall become due and payable as a result of the <br /> termination . <br /> SECTION 5. This ordinance shall be effective upon its passage and <br /> publication . <br /> Passed and duly adopted by the City Council of the City of Pequot Lakes , <br /> Minnesota, this 29th day of October, 1992 . <br /> CITY OF PEQUOT LAKES, MINNESOTA <br /> IBY _'''_, Iei_ . -.4 _ <br /> Ed Larse" Mayor <br /> ATTEST : <br /> w, e,,,,,,„ <br /> Terri Russell , City Clerk <br /> Published in the Lake Country Echo Newspaper on November5 , 1992 . <br />