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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 />1. 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 15t 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 />onlyfor 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 />