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<br />Exhibit A19 #2860 Page 11 <br />Agreement between the City of Coon Rapids and Center for Energy and Environment <br /> <br /> <br />Loan - to - Value Ratio: N/A <br /> <br />Income Limit: None <br /> <br />Debt - to - Income Ratio: N/A <br /> <br />Credit Requirements: All borrowers must be current on their CenterPoint Energy utility bill and have <br />not had more than 1 late payment in the last 12 months. All mortgage payments and property taxes <br />must be current. Borrowers must have a minimum credit score of 600. <br /> <br />Multiple Loans per Property/Borrower: Only one CenterPoint On-Bill Repayment loan is permitted at a <br />time and the total of all city funds cannot exceed $50,000. <br /> <br />Eligible Use of Funds: Projects eligible through the CenterPoint Energy On-Bill Repayment Program. <br />These include, but are not limited to (Efficiency requirements are subject to change per CenterPoint): <br />• Furnace >= 92% AFUE <br />• Boiler >=83.5% efficiency <br />• Programmable thermostat with eligible heating system <br />• Water Heater >=.67 EF <br />• Wall Insulation <br />• Attic Insulation & Air Sealing (R-Value>= 44) <br /> <br />***Other improvements are eligible to be included as long as at least one eligible energy conservation <br />improvement is being done. These include, but are not limited to: <br /> <br />• Air conditioning (no window units) <br />• Energy Star Windows/Doors <br />• Ventilation/Bath Fans <br />• Electrical updates required due to energy improvement <br />• Asbestos and Radon mitigation <br />• HVAC cleaning <br />• Other health and safety issues <br /> <br />Ineligible Use of Funds: Payment for work initiated prior to the loan being approved and closed, unless <br />due to emergency. Improvements that are not an eligible energy conservation improvement or other <br />improvements listed as an eligible improvement. Funds used for working capital, debt management, or <br />to refinance existing loans. <br /> <br />Bids: Only 1 bid is required. All contractors must be properly licensed and permits must be obtained <br />when required. Contractor must be participating in the CenterPoint Energy On-Bill Repayment Program. <br /> <br />Sweat Equity / Homeowner Labor: Not permitted. <br /> <br />Post Installation Inspection: N/A <br /> <br />Loan Security: N/A.