HomeMy WebLinkAboutResolution 26-EDA-386 - 2026/04/13EDA RESOLUTION 26-EDA-386
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
A RESOLUTION APPROVING AN EIGHTH AMENDMENT TO THE LOAN
ORIGINATION AGREEMENT WITH CENTER FOR ENERGY AND ENVIRONMENT
BE IT RESOLVED by the Board of Commissioners (the "Board") of the Mounds View
Economic Development Authority (the "Authority") as follows:
Section 1. Recitals.
1.01. The Authority is authorized pursuant to Minnesota Statutes, Sections 469.090 to 469.1081
(the `EDA Act"), to participate in providing certain loan programs (collectively, the "Loans").
1.02. The Authority, on December 11, 2017, approved a Loan Origination agreement with the
Center for Energy and Environment, a non-profit corporation formed under the laws of the State
of Minnesota.
1.03. The Authority has determined that an amendment is necessary in order to amend the
LAHA Guidelines of the Agreement.
1.04. The Authority acknowledges that the terms of the amendment to the loan origination
agreement (the "Amendment"), a copy of which is attached as Exhibit A to this resolution,
which includes program guidelines (A-2) has not changed except for adding an amendment to
the LAHA Program.
1.05. The Board has reviewed the Amendment and finds that the execution thereof by the
Authority and performance of the obligations thereunder are in the best interest of the Authority,
the City and its residents.
Section 2. Authorization.
2.01. The recitals set forth in this Resolution are incorporated into and made a part of this
Resolution.
2.02. The Board hereby approves the Amendment in substantially the form presented to the
Board on the date below and further subject to any modifications that do not alter the substance
of the transaction and that are approved by the Authority's attorney.
Resolution 26-EDA-386
Page 2
2.03. The proper Authority officials, staff and consultants are authorized to execute the
Amendment and to take any and all other steps necessary or convenient in order to carry out the
obligations under the Amendment, as well as to fulfill the intent of this Resolution.
Adopted on the 13th day of April 13, 2026.
Attest:
Brian Bee an, Acting Executive Director
(SEAL)
AMENDMENT 8 to the LOAN ORIGINATION AGREEMENT
Between
ECONOMIC DEVELOPMENT AUTHORITY in and for the CITY OF MOUNDS VIEW
And
CENTER FOR ENERGY AND ENVIRONMENT
City of Mounds View Home Improvement Loan Program
The Agreement made the 1 st day of January, 2018.by and between the Economic Development
Authority in and for the CITY OF MOUNDS VIEW, with offices at 2401 Mounds View Blvd,
Mounds View, MN 55112, (the "Authority"), and CENTER FOR ENERGY AND
ENVIRONMENT, with its offices at 212 aid Avenue North, Suite 560, Minneapolis, Minnesota
55401 ("CEE") is hereby amended.
1. Services/Scope of Work of the agreement shall read:
1.1 CEE shall, as directed by the Authority,, develop and deliver the City of Mounds
View Loan Programs (hereinafter the "Program") which are more fully described in
Exhibit A8, attached hereto. All activities delivered under the Program shall be
coordinated with the Authority's designated representative, who shall be the Finance
Director or the Assistant City Administrator.
All other sections of the contract shall remain as written in the original and amended agreements.
IN WITNESS WHEREOF, the parties hereunder set their hands as of the date written below:
ECONOly1W DEVELOPMENT CENTER FOR ENERGY AND
AUTHOZYFY of MOUN S VIEW ENVIRONMENT
LOW
Date
By -
President 8tephame haddad, COO
Date 1 2-0 2.
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By _TAX ID 41-1647799
Brian Beema , Acting Executive Director
Date el -/-?-- )-6