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<br />Exhibit A19 #2860 Page 10 <br />Agreement between the City of Coon Rapids and Center for Energy and Environment <br /> <br /> <br />Work Completion: All work must be completed within 180 days of the loan closing. However, when <br />warranted, CEE may authorize exceptions on a case by case basis. <br /> <br /> <br /> <br /> CenterPoint Energy On-Bill Repayment Program <br /> <br /> <br />Interest Rate: Income Rate <br /> <br />>110% 4% <br /><=110% and >80% 3% <br /><=80$ and >50% 2% <br /><=50% 1% <br /> <br />***Income to determine interest rate is determined by projected gross income for the next 12 months <br />and household size <br /> <br />Amortization Type: Amortizing (Monthly Payments Required). <br /> <br />Loan Amount: Up to $10,000. <br /> <br />Total Project Cost: The borrower must have sufficient funds necessary to cover the cost of the entire <br />project (as outlined in the bid(s). Additional funds may come from the applicant’s personal savings, <br />gifts, or other NON City loans. <br /> <br />Loan term: Generally, one year per $1,000 borrowed. Up to 5 years. <br /> <br />Eligible Properties: 1-4 unit owner-occupied properties located within the geographical boundaries of <br />the City of Coon Rapids. Individual Townhomes, Twin-homes and Condominiums are eligible. Properties <br />held in a are eligible. <br /> <br />Ineligible Properties: Dwellings with more than four units, cooperatives, manufactured homes, time <br />shares, properties used for commercial purposes. <br /> <br />Eligible Borrowers: All borrowers must be legal residents of the United States, as evidenced by a social <br />security number, Including: U.S. Citizens, Permanent Resident Aliens, Non-Permanent Resident Aliens. <br />TAX IDENTIFICATION NUMBERS (TIN) ARE NOT ACCEPTABLE. **Must be an eligible CenterPoint Energy <br />customer.*** <br /> <br />Ineligible Borrowers: Including but not limited to: Foreign Nationals, Non-Occupant Co-Borrowers, and <br />Properties held in the name of a business. <br /> <br />Ownership/Occupancy: Owner- occupied only.