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Commercial 0% Clean Water Partnership (CWP) Loan Program <br /> Interest Rate: 0% <br /> Amortization Type: Amortizing (Monthly Payments Required) <br /> Loan Amount: Minimum of$5,000 and Maximum of$50,000. <br /> Loan term: Up to 5 years for loan amounts equal to or less than $10,000 and up to 10 years for loan <br /> amounts greater than $10,000. Generally, one year per$1,000 borrowed. This will be somewhat <br /> flexible depending on the size of the loan and the borrower's ability to repay the loan. The minimum <br /> term is 1 year. <br /> Eligible Properties: Commercial, Mixed-Use and Multi-Family(5+ units) properties located within the <br /> geographical boundaries of the City of Mounds View. Associations are eligible. <br /> Ineligible Properties: Dwellings with less than five (5) units, co-operatives and properties used for <br /> residential only purposes. <br /> Eligible Borrowers: All borrowers must be a registered business with the MN Secretary of State or legal <br /> residents of the United States, as evidenced by a social security number, Including: U.S. Citizens, <br /> Permanent Resident Aliens, Non-Permanent Resident Aliens.TAX IDENTIFICATION NUMBERS (ITIN)ARE <br /> NOT ACCEPTABLE. The borrower(s) must own the property. <br /> Ineligible Borrowers: Including but not limited to: Tenants, Foreign Nationals, illegal residents and <br /> businesses not registered with the MN Secretary of State. <br /> Ownership/Occupancy: Owner and non-owner occupied. <br /> Loan-to-Value Ratio: The ratio of all loans secured by the property, including the new loan, should <br /> not exceed 110%of the property value. Half of the improvement value may be added to the initial <br /> property value. Exceptions may be made by the City. <br /> Income Limit: There is no maximum income limit. <br /> Debt-to-Income Ratio: Not applicable if the loan is in the name of a business, but the business must <br /> show a positive cash flow from the most recent tax return. If the business has not filed a tax return a <br /> year-to-date Profit& Loss Statement must be provided. If the business is new a budget shall be <br /> provided and brought to the City for review. If the property is in the name of an individual the Debt to <br /> Income requirement is 50%. <br /> Exhibit A4 Page 6 <br /> Agreement between the City of Mounds View and Center for Energy and Environment <br />