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LOAN ORIGINATION AGREEMENT <br />This LOAN ORIGINATION AGREEMENT ("Agreement") is made by and between the ECONOMIC <br />DEVELOPMENT AUTHORITY in and for the City of Mounds View, with offices at 2401 Mounds View Blvd, <br />Mounds View, MN 55112 ("Authority"), and CENTER FOR ENERGY AND ENVIRONMENT, with offices at <br />2123 d Avenue North, Suite 560, Minneapolis, Minnesota 55401 ("CEE"). <br />RECITALS <br />A. The Authority has a need for certain professional services and desires to retain CEE to <br />provide said services, all subject to the terms and conditions contained in this Agreement. <br />B. CEE is qualified to provide the desired professional services and desires to provide said <br />services for the Authority, all subject to the terms and conditions contained in this <br />Agreement. <br />NOW, THEREFORE, in consideration of the foregoing and the mutual promises contained in this <br />Agreement, the parties agree as follows: <br />1. Services/Scope of Work <br />1.1 CEE shall in conjunction with the Authority develop and deliver the City of Mounds View Home <br />Improvement Loan Program (hereinafter the "Program") and more fully described in Exhibit A <br />attached hereto. All activities delivered under the Program shall be coordinated with the <br />Authority's designated Finance Director, Mark Beer and/or Brian Beeman the Business <br />Development Coordinator. <br />1.2 CEE shall assist the Authority staff in marketing the Program. CEE shall insure that the <br />Authority's sponsorship of the program is a prominent part of any marketing effort. <br />(OPTIONAL at $65/hr) <br />1.3 The funding source is exclusively from the Authority and the program will be referred to <br />as the Authority Funded Program. <br />2. Compensation <br />2.1 The Authority shall compensate CEE for services provided under this agreement <br />according to the following schedule and more fully described in Exhibit B attached hereto: <br />Loan Set -Up Fee <br />$1,500.00 <br />The Authority shall pay CEE a one time loan set-up fee. This shall compensate CEE for time and <br />labor to create the loan program. <br />CONTRACT between ECONOMIC DEVELOPMENT AUTHORITY in and for the CITY OF MOUNDS VIEW and CENTER FOR ENERGY <br />AND ENVIRONMENT Page 1 <br />