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Exhibit A3 Page 14 <br />Agreement between the City of Mounds View and Center for Energy and Environment <br />DOCSOPEN\MU205\13\748240.v2-9/15/21 <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 />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; and <br />•Evidence of City permit (if required).