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an 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 <br />$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 />