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A-2 <br /> EXHIBIT B6 <br /> TOTAL PROGRAM BUDGET $60,000 <br /> MOUNDS VIEW LOAN PROGRAM BUDGET <br /> A. Loan Program Budget Allocation for the Residential Home Improvement and Mobile Home <br /> Improvement Loan Programs and All Administrative Fees: $60,000 <br /> Budget Notes: <br /> �. Funds to be transferred between Budget Categories in this Exhibit that do not change the Total <br /> Contract Amount must be approved in writing by the City of Mounds View EDA. <br /> 2. CEE shall submit monthly invoices to the City of Mounds View EDA for the loan principal and <br /> administrative fees and quarterly invoices for the aged delinquency reporting services. <br /> 3. Services performed by CEE will initially be funded from the Total Program Budget as stated above <br /> and paid in accordance with the following schedule. <br /> (a) Loan Origination Fee for all Residential Loans $750 per loan closed <br /> (b) Post Installation Inspection $175.00 per inspection <br /> (c) Annual Administration Fee $5,000 <br /> The Annual Administration Fee is payable on January 1"of each year the contract is active. <br /> 4. Marketing <br /> Marketing efforts will be supported by CEE and marketing costs are not included in the <br /> administrative budget. Hourly rates are inclusive of all overhead expenses and will be charged <br /> only for hours directly related to the labor of all program marketing. CEE will also be reimbursed <br /> by the City of Mounds View EDA for any non-labor, out-of-pocket expenses relating to these <br /> services on a dollar-for-dollar basis. <br />