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eligible,there is no way to distinguish how much energy efficiency must be tied into a project, and the fact <br /> that non-energy efficiency costs are tied into energy efficiency loans. The commission came to the consensus <br /> that it was appropriate to use eligibility to the ERMU rebate program as a measure of what was energy <br /> efficient and that tying in non-energy efficiency costs to fund a larger project is appropriate. <br /> The most common ideas and concerns that have been brought up and that staff would like the input of the <br /> Finance Committee on are the following: <br /> 1. Should non-profits be allowed to apply for microloans? <br /> 2. Can Microloan dollars be used for working capital or residential improvements? <br /> 3. 'What constitutes energy efficiency? <br /> 4. Should there be a threshold percentage of dollars of the loan that are used for energy efficiency? <br /> Staff is seeking input from the finance committee on these issues. Following input from the finance <br /> committee, staff will update the Microloan Policy,bring to the Finance Committee for final review and <br /> approval,and take it to the EDA in late summer of 2013. <br /> ATTACHMENTS <br /> • Microloan Policy and Guidelines <br /> • Draft Minutes of the April 17,2013 Energy City Commission meeting <br /> • Survey Results <br /> N:\Departments\Community Development\Economic Development\EDA\Adminstrative\Agenda\EDA Agenda\Year2013\11-18-2013\6.1 at 3. <br /> 2.3 at 2 Microloan Policy EDA Finance RFA 6-20-2013(2).docx <br />