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Mounds View EDA February 10, 2020 <br />Regular Meeting Page 2 <br /> <br />Executive Director Zikmund requested the EDA adopt a Resolution approving an amendment to <br />the Loan Origination Agreement with the Center for Energy and Environment. He reviewed the <br />two minor corrections Kennedy & Graven had found within the agreement and recommended <br />approval of the amendment. <br /> <br />President Mueller requested information from staff regarding the HOP loan program and the $2 <br />million the City had available in interest free loans. Executive Director Zikmund reported the <br />City received $2 million from the MPCA in order to provide interest free loans to residents that <br />need assistance with scoping, inspecting and rehabbing lateral sewer lines. He commented these <br />funds could also be used to assist with upgrading a water softener system. He noted the loans <br />would have zero interest and could be paid back over five years. <br /> <br />MOTION/SECOND: Gunn/Meehlhause. To Waive the Reading and Adopt Resolution 20- <br />EDA-335, A Resolution Approving an Amendment to the Loan Origination Agreement with the <br />Center for Energy and Environment. <br /> <br /> Ayes – 5 Nays – 0 Motion carried. <br /> <br />7. REPORTS <br /> <br />None. <br /> <br />8. NEXT EDA MEETING: Monday, February 24, 2020 at 6:30 p.m. <br /> <br />9. ADJOURNMENT <br /> <br />President Mueller adjourned the meeting at 6:38 p.m. <br /> <br />Respectfully submitted, <br /> <br /> <br />Recorded and transcribed by: <br />Heidi Guenther <br />Minute Maker Secretarial