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04-22-2024 EDA
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04-22-2024 EDA
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Last modified
1/29/2025 9:15:15 AM
Creation date
4/17/2024 12:39:52 PM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
4/22/2024
Commission Doc Number (Ord & Res)
0
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Date
4/22/2024
EDA Document Type
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1% origination fee shall be paid directly by the borrower. CEE shall provide the Authority with <br />a copy of all closing documents, including the loan note and mortgage, as documentary <br />evidence of all loan closings. <br />Post Installation Inspection -Fee Pli and Emer enc Deferred Loan Inspection $100.00 <br />The Authority shall pay CEE a fee for each post -installation Inspection ("Pli") and emergency <br />deferred loan inspection completed. The Pit Inspection shall be performed by CEE whenever <br />the project does not require a building permit to verify the work was completed. The <br />emergency deferred loan inspection shall be required to determine project eligibility for the <br />emergency deferred loan program. <br />The Authority shall compensate CEE• only for services completed. <br />Upon request, CEE will provide marketing services for the following fees: <br />CEE Labor 65 <br />Hourly rates are inclusive of all overhead expenses and will be charged only for hours directly <br />related to marketing. CEE will be reimbursed by the Authority for any non -labor, out-of-pocket <br />expenses, relating to these services on a dollar -for -dollar basis with no markup. <br />2.2 CEE shall invoice the Authority not more than two times each month for the principal of loans <br />and administrative fees. The Authority shall pay CEE within 20 days of receipt of the invoice. <br />3. Authority's Obligations <br />3.1 if requested by CEE, the Authority shall make reasonable efforts to respond promptly to <br />requests from CEE for information and approvals regarding the services to be provided <br />under this Agreement. <br />3.2 If requested by CEE, the Authority shall make reasonable efforts to obtain information and <br />or permission for access from clients which may be necessary for CEE to provide the <br />services under this Agreement. <br />3.3 The Authority shall provide sufficient funding to fund eligible Authority -funded loans. The <br />Authority shall determine the amount of funds allocated to the Program. <br />3.4 The Authority shall establish eligibility for the Program and shall provide these criteria in <br />writing to CEE prior to commencement of any marketing efforts. <br />3.5 The Authority shall make reasonable efforts to respond. promptly to requests from CEE for <br />information and approvals regarding the services to be provided under this Agreement. <br />CONTRACT between ECONOMIC DEVELOPMENT AUTHORITY In and ror the CM OF MOUNDS VIEW and CENTER FOR ENERGY <br />AND ENVIRONMENT #2606 <br />Page 2 <br />511563Y2 ANIB MU205-4$
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