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Item No : 7A <br /> M <br /> OV <br /> � r,-�� VOW <br /> Meeting Date: September 22, 2025 <br /> 1�� Type of Business: EDA BUSINESS <br /> Administrator Review <br /> ON of Mounds View Staff Report <br /> To: Economic Development Authority <br /> From: Brian Beeman,Assistant City Administrator <br /> Item Title/Subject: Resolution 25-EDA-378 Approving a Sixth Amendment to the Loan <br /> Origination Agreement with the Center for Energy and Environment <br /> Background <br /> The Center for Energy and Environment (CEE) administers several loan programs for the EDA. <br /> The current Loan Origination Agreement expired December 31, 2024 and was not renewed for <br /> 2025 due to lack of funding. Therefore, an extension of the existing contract is necessary to <br /> continue administering the EDA's loan programs for 2026. <br /> The Emergency Loan Program and the 0% Sewer Loan Program for the Point of Sale and Inflow <br /> and Infiltration through the Clean Energy Act were eliminated from the Guidelines due to lack of <br /> funding and a prolonged payback period. Otherwise, the Agreement is staying the same. This will <br /> be the sixth amendment to the Loan Origination Agreement since the original agreement was <br /> adopted and is effective January 1, 2026 and expires December 31, 2026. <br /> There are currently three separate Agreements: <br /> 1) The Loan Origination Agreement must be approved annually by the EDA via a <br /> Resolution. <br /> 2) The Loan Servicing Agreement is already in place and renews annually automatically. <br /> 3) The Home Energy Squad (HES) Agreement doesn't expire until December 31, 2026 <br /> and is usually a two-year agreement also approved by the EDA via a Resolution. The <br /> City pays 50% and the Resident pays the other 50% for HES to complete an Energy <br /> Saver visit and Energy Planner visit. The EDA currently reimburses CEE $35 for every <br /> HESES visit and $50 for every HESEP visit completed, not to exceed an aggregate <br /> total of$3,000 without further authorization from the EDA. <br /> Discussion <br /> The EDA to review and discuss extending the Loan Origination Agreement with CEE. <br /> Representatives from CEE and HES will be present to provide an overview of the programs and <br /> answer any questions as needed. <br /> Strategic Plan Strategy/Goal <br /> Maintain a positive business climate where businesses want to locate and remain in Mounds View. <br /> Finance top redevelopment areas Industrial/Commercial/Residential. <br />