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<br />Exhibit B3 #3701 Page 1 <br />Agreement between the City of Mounds View EDA and Center for Energy and Environment <br />DOCSOPEN\MU205\13\748237.v3-9/22/21 <br />EXHIBIT B4 <br /> <br /> <br />TOTAL PROGRAM BUDGET $TBD <br /> <br /> MOUNDS VIEW LOAN PROGRAM BUDGET <br /> <br /> <br /> <br />A. i. Loan Program Budget Allocation for the Residential Closed End, Mobile Home and <br />Emergency Repair Deferred Loan Programs: $TBD <br /> <br />ii. New Business Forgivable Loan Program: $TBD per calendar year (TBD) <br />• Program Funds (includes Origination, Post Installation and Emergency Deferred <br />Inspection Fees: $70,500 + $25,000 per calendar for the New Business Forgivable Loan <br />Program <br />• Annual Administration Fee: $5,000 <br />• Amendment 2 One Time Set-Up Fee: $1,500 <br />• Amendment 3 One Time Set-Up Fee: $500 <br /> <br />B. Loan Program Budget Allocation for the Residential and Commercial 0% Clean Water <br /> Partnership (CWP) Loan Programs: $2,000,000 <br />• Origination Fees and Post Installation Inspection Fees are not included in the Program <br />Budget. These fees shall be paid by the City of Mounds View EDA. <br /> <br /> <br />Budget Notes: <br /> <br />1. Funds to be transferred between Budget Categories in this Exhibit that do not change the Total <br />Contract Amount must be approved in writing by the City of Mounds View EDA. <br />2. CEE shall submit monthly invoices to the City of Mounds View EDA for the loan principal and <br />administrative fees and quarterly invoices for the aged delinquency reporting services. <br />3. Services performed by CEE will initially be funded from the Total Program Budget as stated above <br />and paid in accordance with the following schedule. <br /> <br /> <br />(a) Loan Origination Fee for all Residential Loans and the New Business Forgiveable Loan <br />Program $750 per loan closed <br />(b) Loan Origination Fee for all Commercial CWP Loans $1,050 per loan closed <br />(c) Post Installation & Emergency Inspection $150.00 per inspection <br /> (d) Annual Administration Fee $2,500 <br /> (e) Amendment 2 One Time Set-Up Fee $1,500 <br /> (f) Amendment 3 One Time Set Up Fee $500 <br />