09-26-2022 EDA - Laserfiche WebLink

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Mounds View EDA September 26, 2022 Regular Meeting Page 2 Jim Hasnik, Director of Lending at Center for Energy and Environment, introduced himself to the EDA. He discussed the home improvement programs the CEE offers to Mounds View residents and residents throughout the metro area. He explained five City loans and four other loans had closed this year. He noted several applications were removed, due to the fact bids could not be received for projects. He discussed how interest rates were increasing which was making the City dollars more attractive to homeowners. He thanked the City for their continued partnership with CEE. Commissioner Meehlhause asked how many home energy audits CEE had completed for Mounds View residents. Mr. Hasnik stated he did not have this information with him but would report back to the EDA with this information. He then described what was done at a home energy audit. Commissioner Meehlhause encouraged residents to consider having a home energy audit completed by CEE. B. Resolution 22-EDA-360, Approving a Fourth Amendment to the Loan Origination Agreement with Center for Energy and Environment. Assistant City Administrator Beeman requested the EDA approve a fourth amendment to the loan origination agreement with the Center for Energy Environment. He commented on the minor changes that were made within the agreement and recommended approval. President Mueller asked how the EDA funds these programs. Assistant City Administrator Beeman explained this was done through the EDA levy, a general fund transfer and TIF district transfers. MOTION/SECOND: Meehlhause/Hull. To Waive the Reading and Adopt Resolution 22-EDA- 360, Approving a Fourth Amendment to the Loan Origination Agreement with Center for Energy and Environment. Ayes – 5 Nays – 0 Motion carried. 7. REPORTS None. 8. NEXT EDA MEETING: Monday, October 10, 2022 at 6:30 p.m. 9. ADJOURNMENT President Mueller adjourned the meeting at 6:48 p.m. Respectfully submitted,