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20-EDA-335
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20-EDA-335
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Last modified
1/29/2025 9:52:31 AM
Creation date
2/11/2020 12:41:18 PM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Resolutions
MEETINGDATE
2/10/2020
Commission Doc Number (Ord & Res)
20-EDA-335
Supplemental fields
Date
2/10/2020
EDA Document Type
Resolutions
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AMENDMENT 2 to the LOAN ORIGINATION AGREEMENT <br />Between <br />ECONOMIC DEVELOPMENT AUTHORITY in and for the CITY OF MOUNDS VIEW <br />And <br />CENTER FOR ENERGY AND ENVIRONMENT <br />City of Mounds View Home Improvement Loan Program <br />The Agreement made the day of , 2020 by and between the Economic Development <br />Authority in and for the CITY OF MOUNDS VIEW, with offices at 2401 Mounds View Blvd, <br />Mounds View, MN 55112, (the "Authority"), and CENTER FOR ENERGY AND <br />ENVIRONMENT, with its offices at 212 Yd Avenue North, Suite 560, Minneapolis, Minnesota <br />55401 ("CEE") is hereby amended. <br />1. Services/Scope of Work of the agreement shall read: <br />1.1 CEE shall, as directed by the Authority, develop and deliver the City of Mounds <br />View Loan Programs (hereinafter the "Program") which are more fully described in <br />Exhibit A2, attached hereto. All activities delivered under the Program shall be <br />coordinated with the Authority's designated representative, who shall be the Finance <br />Director or the Assistant City Administrator. <br />2. Compensation of the agreement shall read: <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 B2 attached <br />hereto: <br />Loan Origination Fee for all Residential Loans $750 <br />Loan Origination Fee for all Commercial Loans $1050 <br />Annual Administration Fee $2,500 <br />Post Installation Inspection Fee $100 <br />Amendment 2 One Time Set -Up Fee $1,500 <br />The Annual Administration Fee shall be payable on January 1St of each year the contract <br />is active. <br />5. Term and Termination of the agreement shall read: <br />5.1 Unless earlier terminated as provided in the following paragraphs, this Agreement <br />shall become effective on March 1, 2020 and continue through December 31, 2022. <br />All other sections of the contract shall remain as written in the original and amended agreements. <br />M:\Administration\Economic Development\Brian\EDA\Staff Reports\2020\2.10.20\6A.att2 Amendment 2 2020- Mounds View.doc <br />2/10/2020 <br />
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