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Exhibit B3 #3701 Page 1 Agreement between the City of Mounds View EDA and Center for Energy and Environment DOCSOPEN\MU205\13\748237.v3-9/22/21 EXHIBIT B3 TOTAL PROGRAM BUDGET $2,125,000 MOUNDS VIEW LOAN PROGRAM BUDGET A.i. Loan Program Budget Allocation for the Residential Closed End, Mobile Home and Emergency Repair Deferred Loan Programs: $75,000 ii.New Business Forgivable Loan Program:$25,000 per calendar year (2021-2022) •Program Funds (includes Origination, Post Installation and Emergency Deferred Inspection Fees: $70,500 + $25,000 per calendar for the New Business Forgivable Loan Program •Annual Administration Fee: $2,500 •Amendment 2 One Time Set-Up Fee: $1,500 •Amendment 3 One Time Set-Up Fee: $500 B.Loan Program Budget Allocation for the Residential and Commercial 0% Clean Water Partnership (CWP) Loan Programs: $2,000,000 •Origination Fees and Post Installation Inspection Fees are not included in the Program Budget. These fees shall be paid by the City of Mounds View EDA. Budget Notes: 1.Funds to be transferred between Budget Categories in this Exhibit that do not change the Total Contract Amount must be approved in writing by the City of Mounds View EDA. 2.CEE shall submit monthly invoices to the City of Mounds View EDA for the loan principal and administrative fees and quarterly invoices for the aged delinquency reporting services. 3.Services performed by CEE will initially be funded from the Total Program Budget as stated above and paid in accordance with the following schedule. (a)Loan Origination Fee for all Residential Loans $750 per loan closed (b)Loan Origination Fee for all Commercial Loans $1,050 per loan closed (c)Post Installation & Emergency Inspection $100.00 per inspection (d)Annual Administration Fee $2,500 (e)Amendment 2 One Time Set-Up Fee $1,500 (f)Amendment 3 One Time Set Up Fee $500 The Annual Administration Fee shall be payable on January 1st of each year the contract is active.