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Mounds View EDA December 11, 2017 <br />Regular Meeting Page 2 <br /> <br />7. EDA BUSINESS 1 <br />A. Joint Resolution 8879 and 17-EDA-302, Approving a Loan Origination and 2 <br />Home Energy Squad Enhanced Visit Agreement Between the EDA and the 3 <br />Center for Energy and Environment. 4 <br /> 5 <br />Business Development Coordinator Beeman requested the EDA approve a loan origination and 6 <br />Home Energy Squad Enhanced Visit Agreement between the EDA and the Center for Energy and 7 <br />Environment. He explained the Council had discussed this loan program in November. He 8 <br />indicated $75,000 had been budgeted for this program in 2018. He reported the City Attorney 9 <br />had reviewed this agreement and recommended approval. 10 <br /> 11 <br />Business Development Coordinator Beeman introduced the Council to the individuals present 12 <br />from the Center for Energy and Environment and the Home Energy Squad. 13 <br /> 14 <br />Steve Hines, Center for Energy and Environment, described the three loan products that would be 15 <br />administered by his organization on behalf of the City. He stated the loans would have either a 16 <br />3% or 4% interest rate depending on household income. 17 <br /> 18 <br />Terry Chaney, Home Energy Squad, discussed the home visits that would be conducted by his 19 <br />organization to provide homeowners with energy saving items. He reported this would include 20 <br />LED lightbulbs, insulation inspections, weather stripping, thermostats, water savers and noted 21 <br />energy audits could also be conducted. He explained the energy audits could be done for single 22 <br />family homes and apartment dwellers. He noted through the proposed program, the City would 23 <br />be splitting the $100 fee for each inspection with the homeowner. 24 <br /> 25 <br />Commissioner Meehlhause asked if recommendations regarding insulation would be eligible for 26 <br />the loan program. Mr. Hines reported this type of expense would qualify for the loan program. 27 <br /> 28 <br />Commissioner Meehlhause explained the funds just approved within the EDA levy would assist 29 <br />with covering these loan programs. 30 <br /> 31 <br />MOTION/SECOND: Gunn/Meehlhause. To Waive the Reading and Adopt Resolution 17-32 <br />EDA-302, Approving a Loan Origination and Home Energy Squad Enhanced Visit Agreement 33 <br />Between the EDA and the Center for Energy and Environment. 34 <br /> 35 <br /> Ayes – 5 Nays – 0 Motion carried. 36 <br /> 37 <br />8. REPORTS 38 <br /> 39 <br />Commissioner Meehlhause stated on Wednesday, December 13th at The Mermaid Event Center 40 <br />the North Suburban Business Council would be meeting at 7:30 a.m. 41 <br /> 42