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M:\Administration\Economic Development\Brian\EDA\Staff Reports\2020\2.10.20\6A.att2 Amendment 2 2020- Mounds View.doc <br />2/6/2020 <br />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 /> <br />City of Mounds View Home Improvement Loan Program <br /> <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 3rd Avenue North, Suite 560, Minneapolis, Minnesota <br />55401 (“CEE”) is hereby amended. <br /> <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 /> <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 /> <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 /> <br />The Annual Administration Fee shall be payable on January 1st of each year the contract <br />is active. <br /> <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 /> <br />All other sections of the contract shall remain as written in the original and amended agreements. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />IN WITNESS WHEREOF, the parties hereunder set their hands as of the date written below: