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EDA RESOLUTION 22-EDA-360 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA A RESOLUTION APPROVING A FOURTH AMENDMENT TO THE LOAN ORIGINATION AGREEMENT WITH CENTER FOR ENERGY AND ENVIRONMENT BE IT RESOLVED by the Board of Commissioners (the "Board") of the Mounds View Economic Development Authority (the "Authority") as follows: Section 1. Recitals. 1.01. The Authority is authorized pursuant to Minnesota Statutes, Sections 469.090 to 469.1081 (the "EDA Act"), to participate in providing certain loan programs (collectively, the "Loans"). 1.02. The Authority, on December 11, 2017, approved a Loan Origination agreement with the Center for Energy and Environment, a non-profit corporation formed under the laws of the State of Minnesota. 1.03. The Authority has determined that an amendment is necessary in order to extend the term of the Agreement, approve increases in Annual Administration and Post Installation Inspection fees, and remove administration of the New Business Forgivable Loan Program. 1.04. The Authority has negotiated the terms of the amendment to the loan origination agreement (the "Amendment"), a copy of which is attached as Exhibit A to this resolution, which includes amended program guidelines and budget. 1.05. The Board has reviewed the Amendment and finds that the execution thereof by the Authority and performance of the obligations thereunder are in the best interest of the Authority, the City and its residents. Section 2. Authorization. 2.01. The recitals set forth in this Resolution are incorporated into and made a part of this Resolution. 2.02. The Board hereby approves the Amendment in substantially the form presented to the Board on the date below and further subject to any modifications that do not alter the substance of the transaction and that are approved by the Authority's attorney. 2.03. The proper Authority officials, staff and consultants are authorized to execute the Amendment and to take any and all other steps necessary or convenient in order to carry out the obligations under the Amendment, as well as to fulfill the intent of this Resolution. DOC SOPEN\MU205\ 13\825029.v 1-9/20/22