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Mounds View EDA February 10, 2020 <br />Regular Meeting Page 2 <br /> <br />two minor corrections Kennedy & Graven had found within the agreement and recommended 1 <br />approval of the amendment. 2 <br /> 3 <br />President Mueller requested information from staff regarding the HOP loan program and the $2 4 <br />million the City had available in interest free loans. Executive Director Zikmund reported the City 5 <br />received $2 million from the MPCA in order to provide interest free loans to residents that need 6 <br />assistance with scoping, inspecting and rehabbing lateral sewer lines. He commented these funds 7 <br />could also be used to assist with upgrading a water softener system. He noted the loans would 8 <br />have zero interest and could be paid back over five years. 9 <br /> 10 <br />MOTION/SECOND: Gunn/Meehlhause. To Waive the Reading and Adopt Resolution 20-EDA-11 <br />335, A Resolution Approving an Amendment to the Loan Origination Agreement with the Center 12 <br />for Energy and Environment . 13 <br /> 14 <br /> Ayes – 5 Nays – 0 Motion carried. 15 <br /> 16 <br />7. REPORTS 17 <br /> 18 <br />None. 19 <br /> 20 <br />8. NEXT EDA MEETING: Monday, February 24, 2020 at 6:30 p.m. 21 <br /> 22 <br />9. ADJOURNMENT 23 <br /> 24 <br />President Mueller adjourned the meeting at 6:38 p.m. 25 <br /> 26 <br />Respectfully submitted, 27 <br /> 28 <br /> 29 <br />Recorded and transcribed by: 30 <br />Heidi Guenther 31 <br />Minute Maker Secretarial 32