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tort Fnr•rrl f%nu..vcc• Cantrtr fMnnarl I>rptxf. ..vail.rble in Mov of . <br />r„rli ' al'�ndar <br />Ru4914 <br />fhr+ Errf•r Uy Ri-suer ca Coil to bit II pr ovl itc• ell Inan or rI run <br />srrrtcer= (rligibillty anelynis, title .and r.redrt checks), sub- <br />rnnlr..r.lirw fen Inan sirv)t.lnq, rexxfit IlaI C, of rnnrgv mudiI: <br />i nformaf lrxr and technical ansielanr•r nn crnergy conservation <br />mrasUrrs. Nor ln•fln4 tin rcroporafltrr, wlflr the c.ommunit.v), and <br />preparation of legal doctrarwrts. A portion of the CUPS funds will <br />be used In pav I.lie ERC an .wIof ,alt(nr fir of 825'r for each loan <br />closed. It is expected that a total of approtti mate) y ♦19.rner in <br />rx fyinal irnr ►r•r••+ will ha paid to the ER[ over the or Or flat, )oil <br />pnri "ft. Ire AddlI Iorr, the ERC will rrcei ve rA iUir�at tun firs free <br />fit'-li{iFA III, nngh its panic ipat:icxr in fhrr Hume Improvement loan <br />Pr nor am. <br />Firg4 'ear Revgtr•"es <br />CnfrO or i of rrat i trtt Fens <br />111251r per Ioarr <br />Assumes 76 r fI9,000 <br />c..an^ <br />MSFA Or Iyinal iat Fees <br />111175 fcx firs) 10 loant. It 1, no) ' <br />6200 for at) addt•I loans 61,000 <br />Assumrts 60 I uarra <br />Total $30, 7:r4 <br />ELL!!! Vgar Ex�irrl♦es <br />Staff t.osln ♦77,Or.10 <br />Marketing ♦ 4,000 <br />t.c•gal Fers ♦ 2.330 <br />Servicioq Fees, t 2,400 <br />l of a i ♦xr, 7W <br />file ERC tntwrds /o offset a porticrrr of Ihr Inan =ervicinq costs <br />over the program ►Ife by using interest generated on the CDPO <br />install"It Inan% and irrtwoaf Arcumtllated by the loan pool <br />dnrinq the two vrar' cxtolnatron period. All principal from CDPrf <br />aaxlies will rr:turrr Its, R.,msey County. A schedule of principal and <br />intrxrst repaywerits on •11A.0KI at 1% over a ten year term is <br />"ItIC.Sed are Attachment. A. This schedule apprcnrtmates repayment <br />of the IDpn w 1-rr^_r.aIIWorst loan portfolio, assuming 1CKp% ' <br />rnwmitsryrf of fronds and a ten veer term for each loan. <br />4 <br />