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Agenda Packets - 1986/04/28
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Agenda Packets - 1986/04/28
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Last modified
3/31/2025 3:35:56 PM
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3/31/2025 3:35:56 PM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
4/28/1986
Description
Regular Meeting
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dutwt Ilrr pr Ir. 110•41 tat lhr invMt. Mtn It <br />/�r�. lhr+ total V. apt t a I thvest Mont pal of U469.OMi Ira% been one <br />hundrad perce rt t nmml 1 l ud. lhpst fund!; r tar lied `va, rurftrr asi Call <br />and <br />with eavinys raugtnrf title 20 catrrrrlthan 1-4r nuts.. <br />19% lu 60% in huild"'In g <br />1 er ms <br />- Iho scope of fill, loan ir. rbyxnrtlanj. upon tore potential for <br />energv savtnys if. each butldinu <br />- Mriemtm pries filly SI^rtrsdla`.•rvrattt 7olyr,nrt.tlts alai <br />ar <br />1-4 unitr.t I l <br />;r♦ nrtitst / wort laverayc 6 vrarnr <br />Effective int.wp%f rate to property ovater is 5% <br />EIlgibtllfv <br />P"JIMInary energy audit determin+is if lbe npprrtunoty for <br />cost effective energy improvements e:ri sts pttntial. <br />if flip strucltve damunstrates lmvestmrnt p <br />anplirlds r`'stvpaciage e audit tof rucosf effectivedet energy <br />audit t v <br />improvements. <br />- lire property must br• located in St. Paul <br />if must be a "landlord pays the heat" situation tx limited <br />Applicant may be an indivi corpodAafor general <br />for Deed <br />partnorslrip. Manayement Corp + <br />purchaser or non-profit organization <br />- npplirant musf have fi.•e simple title or vendee's interest <br />in the prapc•rtY <br />Linderwr iti rig yant history with <br />Crtstumpr nn.sL h.•ve• all acceptable fuel pa,e <br />NSP <br />- Customer mrtst be financially stable, have ability to repay <br />Juan{ i.e. Mahe new budgeee br' <br />ft`e paymenif ts <br />tollow3nq meanest <br />- Each investment. Is y r art <br />traditional aorf.yage, mortgage on homesteaded p op y+ <br />age on vendee's interest, other <br />fixture filing. mortg <br />collateral sotfr OS stool:, .•nd botrd ,. <br />
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