Laserfiche WebLink
EXHIBIT B <br />TOTAL PROGRAM BUDGET $75,000 <br />MOUNDS VIEW REVOLVING LOAN PROGRAM BUDGET <br />A. Revolving Loan Program Budget Allocation (includes Origination Fees, Post Installation and <br />Emergency Deferred Inspections): $70,500 <br />One-time loan set up fee $1,500 <br />C. Home Energy Squad (HES) Service $3,000 <br />Budget Notes: <br />1. Funds to be transferred between Budget Categories in this Exhibit that do not change the Total <br />Contract Amount must be approved in writing by the City of Mounds View EDA. <br />z. CEE shall submit monthly invoices to the City of Mounds View EDA for the loan principal and <br />administrative fees and quarterly invoices forthe aged delinquency reporting services. <br />3. Services performed by CEE will initially be funded from the Total Program Budget as stated <br />above and paid in accordance with the following schedule. <br />(a) Loan Origination Fee $550.00 per loan closed <br />(b) Post Installation & Emergency Inspection $100.00 per inspection <br />(c) Loan setup fee $1,500 (one time) <br />(d) HES visit $50 per visit <br />4. Loan Servicing <br />The City of Mounds View EDA will contract directly with a servicing company. The City of <br />Mounds View EDA shall establish a process where CEE receives copies of the monthly servicing <br />reports. <br />5. Marketing <br />Marketing efforts will be supported by CEE and marketing costs are not included in the <br />administrative budget. Hourly rates are inclusive of all overhead expenses and will be charged <br />only for hours directly related to the labor of all program marketing. CEE will also be reimbursed <br />by the City of Mounds View for any non -labor, out-of-pocket expenses relating to these services <br />on a dollar -for -dollar basis. <br />Exhibit B Page 1 <br />Agreement between the City of Mounds View and Center for Energy and Environment <br />