Laserfiche WebLink
EXHIBIT B <br /> TOTAL 2019 PROGRAM BUDGET $117,854 <br /> ELK RIVER LOAN PROGRAM BUDGET <br /> Revolving Loan Program Budget Allocation (includes Origination Fees, Loan Set Up Fee and Annual <br /> Administration Fee): <br /> Budget Notes: <br /> 1. CEE shall submit monthly invoices to the City of Elk River Housing and Redevelopment Authority <br /> for the loan principal and administrative fees. <br /> 2. Services performed by CEE will initially be funded from the Total Program Budget as stated <br /> above and paid in accordance with the following schedule. <br /> (a) Loan Origination Fee $550.00 per loan closed <br /> (b) Annual Administration Fee $500.00 <br /> (c) One Time Set Up Fee $1,500.00 <br /> The Annual Administration Fee shall be payable on January 1St of each year the contract is active. <br /> 3. 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 Elk River Housing and Redevelopment Authority for any non-labor, out-of-pocket <br /> expenses relating to these services on a dollar-for-dollar basis. <br /> E <br /> I <br /> 4 <br /> P <br /> E <br /> i <br /> EE <br /> I <br /> I <br /> i <br /> Exhibit B#2917 Page 1 <br /> Agreement between the City of Elk River Housing and Redevelopment Authority and Center for Energy and <br /> Environment <br /> I <br /> I <br />