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<br />Exhibit A2 Page 12 <br />Agreement between the City of Mounds View and Center for Energy and Environment <br /> <br /> Proof of income <br /> Bids or estimates for proposed projects <br /> Other miscellaneous documents CEE may require. <br /> <br />Contractors/Permits: Contractors must be properly licensed. Permits must be obtained when required <br />by city ordinance. <br /> <br />Program Costs: Loan origination, post installation inspection and remodeling advisor visit fees will be <br />paid per the Program Budget. Loan program marketing efforts will be billed directly to the City of <br />Mounds View and is a separate expense should the City of Mounds View choose to commission CEE for <br />marketing support. Borrowers will pay all mortgage filing fees and related closing costs. <br /> <br />Total Project Cost: It is the borrower’s responsibility to obtain the amount of funds necessary to finance <br />the entire cost of the work. In the event the final cost exceeds the original loan amount, the borrower <br />must obtain the additional funds and show verification of the additional funds in order to be approved <br />for the loan. <br /> <br />Disbursement Process: Payment to the contractor (or owner in sweat equity situations) will be made <br />upon completion of work. An inspection will be performed by a City Inspector and/or CEE to verify the <br />completion of the work. The following items must be received prior to final disbursement of funds: <br />• Final invoice or proposal from contractor (or materials list from supplier); <br />• Final inspection verification by a City Inspector (or CEE); <br />• Completion certificate(s) signed by borrower and contractor; <br />• Lien waiver for entire cost of work; <br />• Evidence of city permit (if required) <br /> <br />