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b. Service the loans made to City residents under the Mounds View Home <br /> Improvement Loan Program: <br /> 1. Direct the Community Reinvestment Fund ("CRF") to collect such payments <br /> pursuant to a contract dated July 2, 2000 between the Consultant and CRF (the <br /> CRF Contract). <br /> 2. Direct CRF to take such action pursuant to the CRF Contract if there is an <br /> Uncured default by a borrower under a loan pursuant to an Installment Loan <br /> Program. <br /> 3. Receive all payments made by borrower to CRF. <br /> 4. Disburse all payments received by Consultant as directed, in writing, by the <br /> City, which may include disbursing the funds pursuant to the Mounds View <br /> Home Improvement Program. <br /> 5. Payment to CRF to service the loans: <br /> One-time $15.00 set-up fee per installment loan <br /> One-time $25.00 set-up fee per deferred loan <br /> Transaction fee per installment loan$6.00 per month <br /> C. Assist City residents considering rehabilitation, including property visits, meet <br /> with homeowners and potential contractors, suggest alternatives for rehabilitation <br /> to homeowners, educate homeowners on the construction bid process, assist <br /> homeowners to evaluate bids and work completed and construction progress. <br /> d. Provide housing information to City residents, including information on <br /> emergency assistance, housing rehabilitation, first time homebuyers and limited <br /> rental information; <br /> e. Assist the City in developing programs to purchase and rehabilitate homes; <br /> f. Coordinate these services out of Consultant's Housing Resource Center, 1170 <br /> Lepak Court, Shoreview,MN 55126; and <br /> g. Have Consultant's staff visit residences as determined necessary by Consultant. <br /> 2. Term. This Agreement shall be in full force and effect from January 1, 2012 and <br /> shall continue through December 31, 2012, unless otherwise terminated as set forth below. <br /> 3. Compensation. <br /> a. Core HRC Services: The City shall pay the Consultant Eleven Thousand Dollars <br /> ($11,000 within thirty days(30)days after Execution of this Agreement. <br /> tb.us.3166730.04 2 <br />