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loan applications, preparation of loan documents, loan closing and other direct costs of <br /> processing loans. Mortgage filing, title work, credit report, flood, origination fee, <br /> document preparation fee and other applicable closing costs shall be paid by the <br /> borrower. CEE shall provide a copy of closing documents including the loan note and <br /> mortgage as documentation of the loan closing. <br /> Annual Administrative Fee $500.00 <br /> This shall be due January 15' of each calendar year the contract is in effect. To begin in <br /> the year 2020. <br /> The Authority shall compensate CEE only for services completed. <br /> Upon request, CEE will provide marketing services for the following fees: <br /> CEE Labor $65 per hour <br /> Hourly rates are inclusive of all overhead expenses and will be charged only for hours <br /> directly related to marketing. CEE will be reimbursed by the Authority for any non-labor, <br /> out-of-pocket expenses, relating to these services on a dollar-for-dollar basis with no <br /> mark-up. There is no cost for creating a program information sheet, creating links to our <br /> website and assisting in writing articles to promote the program. <br /> 2.2 CEE shall invoice the Authority not more than two times each month for the principal <br /> of loans and administrative fees. The Authority shall pay CEE within 20 days of receipt of <br /> the invoice. <br /> 3. CLIENT's Obligations <br /> 3.1 If requested by CEE, the Authority shall make reasonable efforts to respond <br /> promptly to requests from CEE for information and approvals regarding the <br /> services to be provided under this Agreement. <br /> 3.2 If requested by CEE, the Authority shall make reasonable efforts to obtain <br /> information and or permission for access from clients which may be necessary <br /> for CEE to provide the services under this Agreement. <br /> 3.3 The Authority shall provide sufficient funding to fund eligible Authority funded <br /> loans. The Authority shall determine the amount of funds allocated to the <br /> Program. <br /> 3.4 The Authority shall establish eligibility for the Authority Funded Program and shall <br /> provide these criteria in writing to CEE prior to commencement of any <br /> marketing efforts. <br /> 3.5 The Authority shall make reasonable efforts to respond promptly to requests from <br /> CEE for information and approvals regarding the services to be provided under <br /> this Agreement. <br /> CONTRACT between Elk River Housing and Redevelopment Authority and CENTER FOR ENERGY AND ENVIRONMENT#2917 Page 2 <br />