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01-07-2021 PUBLIC NOTICE City of Fridley Housing and Redevelopment (HRA) Commission Notice of Meeting by Telephone or Other Electronic Means NOTICE IS HEREBY GIVEN that the HRA Commission of the City of Fridley will hold its regularly scheduled meeting on January 7, 2021 at 7:00 pm via telephone or other electronic means. In accordance with the recommendations of Gove which recommends remote meetings whenever possible, the January 7, 2021 HRA Commission meeting will be held via Zoom meeting. Public Comment Before a Meeting If you have public comments to submit before a meeting, please send your comments to paul.bolin@fridleymn.gov on the day of the meeting. Comments will be compiled and delivered to the HRA Commission. Public Comment During a Meeting During the meeting, members of the public that wish to comment may join the meeting on the Zoom webinar platform. Attendees will be able to click the "raise hand button" and alert City staff that they wish to comment. When it is time for comments, individuals will be recognized, and their microphones will be enabled, allowing them to comment. Zoom meeting information may be found on the first page of the meeting agenda. Link to the HRA Commission meeting: https://zoom.us/j/96967523231 Posted: December 29, 2020 January 7, 2021 HRA Meeting Regular Meeting Agenda 7:00 p.m. Call to order Roll call. Action Items 1. Approval of Expenditures 2. Approval of December 3, 2021 Meeting Minutes 3. Approval of Resolution Designating Official Depositories 4. Approval of Resolution Designating Official Newspaper 5. Approval of Changes & Additions to Housing Programs 6. 7. Approval of Agreement to Continue Home Energy Squad Visits - CEE Informational Items 1. Housing Program Update Adjournment CITY OF FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION December 3, 2020 Chairperson Holm called the Housing and Redevelopment Authority Meeting to order at 7:00 p.m. MEMBERS PRESENT: William Holm Kyle Mulrooney Elizabeth Showalter Rachel Schwankl Gordon Backlund OTHERS PRESENT: Paul Bolin, HRA Assistant Executive Director Dan Tienter, Finance Director ACTION ITEMS Staff requested the following to be added to the Agenda: Approval of the Amendment to the Development Agreement for Fridley Investments, Old City Hall. Approve Resolution Concerning the disposition of Funds of the sale of Old City Hall. MOTION by Commissioner Showalter to approve the additions to the Agenda as shown above. Seconded by Commissioner Schwankl. UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. 1. Approval of Expenditures MOTION by Commissioner Showalter to approve the expenses as submitted. Seconded by Commissioner Schwankl. UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. 2. Approval of November 5, 2020 Meeting Minutes MOTION by Commissioner Showalter to approve the November 5, 2020 minutes as submitted. Seconded by Commissioner Schwankl. UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. HousingandRedevelopmentAuthorityMeetingofDecember3,20202 th 3. Resolution for the 7 Amendment of Sherman and Associates Apartments at NorthStar Village. Paul Bolin, HRA Assistant Executive Director, stated that these changes are a result of the requirements from the projects lender and tax credit investor. They took on RBC as a partner and tax credit investor. Changes to the development agreement extend the term of the HRA loan from 20 years to 20.5 years and also clarifies the defaults in the representations. Warranties from the er on to the second phase. This gives RBC authority to remove George Sherman under certain default situations and is a typical requirement for tax credit investors. Chair Holm said that this looks like typical change specific major issues. th MOTION by Commissioner Showalter to approve the Resolution for the 7 Amendment of Sherman and Associates Apartments ad NorthStar Village. Seconded by Commissioner Schwankl. UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. 4. Resolution for Execution of Amendments to the Development Agreement for the Old City Hall, Fridley Investments Ebenezer Senior Apartments. th Paul Bolin, HRA Assistant Executive Director, said that this is the 9 amendment and is needed because of last months addition of United Properties to the development team. The escrow agreement between the Authority, Fairview and Fridley Investments; Fridley Investments put $300,000 into an account that provides Fairview five years to decide if they need parking. If parking is not needed, that money will be returned to the Authority. Steve Dunbar thanked the team that pulled this all together so quickly and they are working toward the final closing. This is the structural piece to bring the partnership forward and to close. MOTION by Commissioner Showalter to approve the resolution for the Execution of Amendments to the Development Agreement for the Old City Hall, Fridley Investments Ebenezer Senior Apartments. Seconded by Commissioner Schwankl. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. 5. Resolution Concerning the Amendment to the Resolution to 2018-14 Disposition of City Hall Site and Payment to the City. Paul Bolin, HRA Assistant Executive Director, stated that the land that is under the old city hall was a combination of HRA and City owned land. The City owned the land that contained the building, the HRA owned the land where the parking lots were and the land around the building. The agreement was that the property would be sold for fair market value less the redevelopment costs and the remaining funds turned over to the City. The purchase price was $2.2M and the HousingandRedevelopmentAuthorityMeetingofDecember3,20203 developer had $45,000 in reimbursable expenses plus $300,000 in escrow for up to five years, then the Authority expenses for the demo, attorney fees and survey work. There will be some funds re advantageous to the City for the Authority to hold those funds and spend it around the civic campus for the expansion of Lock Parkway. If we gave the funds to the City, City Charter would require that money be put toward the debt service on the new building. This resolution would further specify the Authority to hold on to those funds and spend them on the new civic campus. Chair Holm commented that this enhances the development of the complex and housing around the new city hall. Dan Tienter, Finance Director, added that this has been discussed this with City Council and they have expressed their support. MOTION by Commissioner Showalter to approve the Resolution Concerning the Amendment to the Resolution to 2018-14 Disposition of the City Hall Site and Payment to the City. Seconded by Commissioner Schwankl. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. 6. Approval of the 2021 HRA Budget Dan Tienter, Finance Director, said that as part of the annual budget development process, Housing and Redevelopment Authority staff prepare a proposed budget for review by the Authority. The proposed 2021 budget reflects action of the HRA Board including current agreements, existing programs and current or pending Tax Increment Financing (TIF) District plans. Mr. Tienter noted that on September 7, 2020, the HRA Board adopted Resolution No. 2020-08 approving the levy for property taxes payable in 2021. On November 5, 2020, the HRA Board reviewed the Cash Flow Projections which included information about the status and plans for cash fund. Generally, the budget for the HRA contains three major components of the General Fund Housing Loan Program Fund, and the TIF District Funds. For the Proposed 2021 Budget, the City opted to upload all funds and their respective budgets into its financial system. Mr. Tienter said that the Proposed 2021 General Fund Budget has significant revenue changes including a $35,935 increase in the property tax levy. These and other changes represent an increase in revenue of about $34,415. The General Fund Budget expenditure changes include $21,020 increase in administrative changes from the City and $1,000,000 increase in capital outlays. These and other changes represent an increase in expenditures of about $1,034,494. Apart from the General Fund budget modification, staff made no other changes from the Cash Flow Projection as presented at the previous HRA work session. MOTION by Commissioner Showalter to approve the 2021 HRA Budget. Seconded by Commissioner Schwankl. HousingandRedevelopmentAuthorityMeetingofDecember3,20204 UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. INFORMATIONAL ITEMS 1. Housing Program Update Paul Bolin, HRA Assistant Executive Director, reported there were three housing loans this past month for a total loan of 24 year to date. No remodel advisor visits making 10 year to date. Home Energy Squad did four visits for a total of 39 year to date. ADJOURNMENT MOTION by Commissioner Showalter to adjourn. Seconded by Commissioner Schwankl. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE MEETING ADJOURNED AT 7:36 PM. HRA AGENDA ITEM Date: 12/31/2020 To: Wally Wysopal, Executive Director From: Paul Bolin, Assistant Executive Director RE: Resolution Designating Official Depositories for the Year 2021 Attached is a resolution appointing Wells Fargo Bank Minnesota N.A. as the Housing & fficial depository for 2021. The service the HRA receives from Wells Fargo has been first-rate. Wells Fargo is responsive to not only our requests for information, but also other banking issues that may arise. In today's world of increasing demands for electronic banking, Wells Fargo Bank provides a one- s. This proves to be both beneficial and efficient, as our banking needs are quite complex. sh balances to assure the deposits are fully collateralized. This assures deposits are safe and not subject to loss if the bank were to fail. This daily monitoring is critical, since the Authority can experience large swings in cash balances at different points throughout the year. Staff recommends a motion adopting a resolution designating official depositories for the Housing & Redevelopment Authority for 2021. RESOLUTION NO. 2021 - 01 RESOLUTION DESIGNATING AN OFFICIAL DEPOSITORY FOR THE HOUSING & REDEVELOPMENT AUTHORITY I, Daniel Tienter, do hereby certify that I am the Finance Director-Treasurer of the Housing & Redevelopment Authority in and for the City of Fridley, a corporation organized under the laws of the State of Minnesota. I further certify that at a meeting of said corporation duly and properly called and held on the 7th day of January 2021 the following resolution was passed; that a quorum was present at said meeting; and that said resolution is set forth in the minutes of the meeting and has not been rescinded or modified. IT IS HEREBY RESOLVED, that Wells Fargo Bank Minnesota N.A. is hereby designated as a depository for the funds of this corporation. IT IS FURTHER RESOLVED, that checks, drafts or other withdrawal orders issued against the funds of this corporation on deposit with said bank shall be signed by the following two individuals: Walter T. Wysopal, Executive Director Daniel Tienter, Finance Director-Treasurer Korinne R. Johnson, Assistant Finance Director and that said bank is hereby fully authorized to pay and charge to the account of this corporation any checks, drafts, or other withdrawal orders. BE IT FURTHER RESOLVED, that Wells Fargo Banks as a designated depository of the corporation is hereby requested, authorized and directed to honor checks, drafts or other orders for the payment of money drawn in this corporation's name, including those drawn to the individual order of any person or persons whose name or names appear thereon as signer or signers thereof, when bearing or purporting to bear the facsimile signatures of the following two individuals: Walter T. Wysopal, Executive Director Daniel Tienter, Finance Director-Treasurer Korinne R. Johnson, Assistant Finance Director and Wells Fargo Banks shall be entitled to honor and to charge this corporation for all such checks, drafts or other orders, regardless of by whom or by what means the facsimile signature or signatures thereon may have been affixed thereto, if such facsimile signature or signatures resemble the facsimile specimens duly certified to or filed with Wells Fargo Banks by the City Clerk or other officer of this corporation. BE IT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the Housing & Redevelopment Authority of the corporation and certified to as governing the operation of this corporation's account(s) with it, be and are hereby continued in full force and effect, except as the same may be supplemented or modified by the foregoing part of this resolution. BE IT FURTHER RESOLVED, that all transactions, if any relating to deposits, withdrawals, re- discounts and borrowings by or on behalf of the corporation with said bank prior to the adoption of this resolution be, and the same hereby are, in all things ratified, approved and confirmed. BE IT FURTHER RESOLVED, that any bank or savings and loan may be used as depositories for investment purposes so long as the investments comply with authorized investments as set forth in Minnesota Statutes. BE IT FURTHE RESOLVED, that the signatures of the following two named City/HRA employees are required for withdrawal of Housing & Redevelopment Authority investment funds from savings and loan associations: Walter T. Wysopal, Executive Director __________________________________________ Daniel Tienter, Finance Director-Treasurer __________________________________________ Korinne R. Johnson, Assistant Finance Director __________________________________________ BE IT FURTHER RESOLVED, that any brokerage firm may be used as a vendor for investment purposes so long as the investments comply with the authorized investments as set forth in Minnesota Statutes. I further certify that the Board of this corporation has, and at the time of adoption of said resolution, had full power and lawful authority to adopt the foregoing resolutions and to confer the powers therein granted to the persons named who have full power and lawful authority to exercise the same. PASSED AND ADOPTED BY THE FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY IN AND FOR TH THE CITY OF FRIDLEY THIS 7 DAY OF JANUARY 2021. _________________________________________ WLLIAM B. HOLM - CHAIRPERSON ATTEST: _________________________________________________ HRA AGENDA ITEM Date: 12/31/2020 To: Wally Wysopal, Executive Director From: Paul Bolin, Assistant Executive Director RE: Resolution Designating an Official Newspaper for 2021 The Fridley City Charter Section 12.01 requires the designation of an official newspaper for the Fridley Housing and Redevelopment Authority. Attached is a resolution designating the Minneapolis Star Tribune as the Fridley Housing and Redevelopment Authority's official legal newspaper for the year 2021. RESOLUTION NO. HRA 2021 - 02 RESOLUTION DESIGNATING AN OFFICIAL NEWSPAPER FOR THE YEAR 2021 WHEREAS, the Charter of the City of Fridley requires in Section 12.01 thereof that the Fridley Housing and Redevelopment Authority, annually designate an official newspaper for the Housing and Redevelopment Authority. NOW, THEREFORE, BE IT RESOLVED that the Minneapolis Star Tribune is designated the official legal newspaper for the City of Fridley for the year 2021 for all publications required to be published therein. PASSED AND ADOPTED BY THE FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY IN AND TH FOR THE CITY OF FRIDLEY THIS 7 DAY OF JANUARY 2021. _______________________________________________ WILLIAM B. HOLM - CHAIRPERSON ATTEST: __________________________________________________ WALTER T. WYSOPAL - EXECUTIVE DIRECTOR HRA AGENDA ITEM Date: 12/31/2020 To: Wally Wysopal, Executive Director From: Paul Bolin, Assistant Executive Director RE: Proposed Changes to Housing Programs After reviewing proposed changes and additions to HRA and City Council during December work sessions, staff is pleased to bring the proposed changes to the Authority for formal approval. Upon formal approval, staff will begin working to start promoting these exciting changes. Multifamily Improvements Program: The intent of the program is to provide more i to make substantial exterior and interior improvements to their rental units. Exterior improvements would include façade upgrades, parking improvements, signage, lighting, painting, windows, doors, awnings, siding, security systems and other improvements necessary to comply with applicable codes. Interior improvements would include structural, ADA accessibility upgrades, fire prevention, utility upgrades, flooring, fixtures, relocating/removing walls, plumbing, painting, and HVAC. Discussion held at the HRA and Council work session will limit this program, initially, to buildings with 12 or fewer units. As with any program, the Authority can make changes at any time. Assistance/Incentive Provided by HRA: Loan carrying 2% interest & 20 year term. Up to $50,000 HRA pay all closing costs (CEE Fees) *Limited to buildings with 12 or fewer units Lowering Interest Rate to 2% on All Fridley HRA RLF Loans During work sessions with the HRA & Council, there was overwhelming support for lowering the ogram to 2%. For consistency, Staff is also ile Home Loan product also be lowered to 2%. Over the past year, the Minnesota Housing Finance Agency (MHFA) has worked to make its Fix Up Loan Programs more desirable by lowering their interest rates and raising their income limits. Their current upper income limit is now $154,600 in the 11-County metro area and their interest rate is currently between 2% and 3.75% depending on the term of the loan, the shorter the payback term, the lower the interest. Most cities have been slow to react to the lowered interest rates and have kept their loan programs in the 4-5% range. to 2% is beneficial to all residents and to the Authority. The money the Authority has invested is currently earning 1.4%. The lower interest rate will also help to encourage all Fridley households, including those making above the MHFA income limits, to improve their homes. As CEE has always done, in reviewing and processing Fridley loan applications, they will match the resident to the best loan product for their situation. Down Payment Assistance Loan: Currently the only down payment assistance available to Fridley residents is through the Minnesota Housing Finance Agency (MHFA). Down payment loans through the MHFA require that you obtain your first mortgage through them to be eligible for their interest bearing down payment loans. The intent of this new program being proposed is to provide an additional incentive for first time home buyers to move to Fridley. While no interest will be earned on the loan and no regular payments made, the Authority will eventually recover its funds to revolve back into the community. Loan Terms / Eligibility Loan amounts up to $5,000 0% annual percentage rate (APR) Income limit of 110% of Area Median Income (AMI) based on household size The loan is deferred until the property is sold, refinanced, transferred or is no longer owner-occupied Financing is secured by a mortgage on the property Closing costs apply Borrower must be considered a first-time ho owned a home within the last 3 years. Prior to closing the homebuyer(s) MUST attend a Home Stretch workshop or other valid homebuyers course offered through an approved counseling agency by the US Department of Housing and Urban Development (HUD). 1 to 4 unit, owner occupied buildings Single family, townhomes, duplexes, condominiums, and properties held in a trust are eligible Residential Paint Rebate Program: Intent of the program is to eliminate blight, preserve and improve appearance of neighborhoods by providing rebates of up to $500 for cost of materials and supplies for exterior painting of eligible homes, by low and moderate income families. Maximum rebate of $500 for single family homes, up to $350 per unit (not to exceed $1,400) for rental properties. Eligible Applicants: Homeowners: Owner occupant, holding title to the property. Household Income may not exceed 110% of Area Median Income (AMI) Owners of Rental Property: Up to 4 unit buildings, owner must live in building and income not exceed 110% AMI Front Door Grant Program: The intent of the program is to incentivize home home (and the City) by making improvements on the street side of their home. Grants are provided to pay for a portion of the improvements. Project tasks are considered either Basic or Beautification and the Grant amount varies based on type of work being completed. Grant amount ranges from $1,000 up to $5,000. Eligibility: Owner Occupied, Homesteaded, single family / townhome / duplex / condominium Current on property taxes Property valued at less than $400,000 Project must be visible from street in front of home Work may not begin until project approval by City and HRA Have not received prior Front Door Grants, in the current year Projects must include at least one item from the Beautification Project list Beautification Projects (25%) Basic Projects (15%) Front door, storm door and/or garage door Roof Sidelight windows by front door Siding Columns at front door Painting Covered front porch Soffit Brick, stone or shakes Facia Permanent landscaping Trim Driveway & Sidewalk repair & replacement Gutters Window boxes & shutters Windows Screening of utility boxes, garbage/recycling Chimney repair, tuck-pointing, repointing cans Fridley Foundations Grant: The intent of the Fridley Foundations Grant is to provide financial incentives for homeowners undertaking large remodeling projects valued at $35,000 or more. Financial incentives include a grant up to $5,000. Program is intended to play Remodeling Demonstration Program. Requirements / Eligibility Must be homesteaded, owner-occupied homes at least 20 years old No income limits for participants in this program Consultation with an architect or designer to discuss and help plan your remodeling ideas. Qualifying Projects: Building an addition Building a sun room Finishing previously unfinished space Constructing a covered front porch Converting a garage into livable space Major kitchen, bathroom or basement remodel Adding a bathroom Reconfiguring living space Projects including two or more exterior upgrades are eligible for a grant of up to 10% of the project cost, not to exceed $5,000. Projects that do not include eligible exterior upgrades are limited to a grant of up to 5% of the project cost, not to exceed $2,500. Eligible exterior upgrades include: Altering the roofline on the front of the house Constructing columns at the front door Building a covered front porch Enhancing the front of the house with brick, stone, or shakes Upgrading the front door and/or garage door if it faces the street Landscaping (landscape design assistance required) Other elements as approved As conditions allow, (likely in 2022) the Authority can sponsor open houses to showcase improvements made by this program and inspire others to reinvest in their Fridley homes. Funding The Authority does have adequate resources to reliably provide a five year program of approximately $1M per year for these proposed changes and program additions. Recommendation The resolution will be emailed separately, early next week. Staff recommends approval of the resolution adopting the changes and addi SCHEDULE A TO HRA RESOLUTION NO. 2021 - 03 MULTI-FAMILY IMPROVEMENT LOAN PROGRAM 1. Program Intent: The intent of this program is to make low-interest home improvement loans available to Fridley multi unit property owners to make improvements to their buildings. 2. Interest Rate: 2.0%. 3. Amortization Type: Amortizing - Closed-end: requires borrowers to make monthly payments of Principal and Interest. 4. Loan Amount: Minimum: $1,000; Maximum: $ 50,000. necessary to finance the entire cost of the work. In the event the final cost exceeds the requested loan amount, the borrower must obtain the additional funds and show verification of the additional funds in order to be approved for the loan. 6. Term: Minimum: 1 Year; Maximum: 20 years Generally, one year per $1,000 borrowed No prepayment penalties apply 7. Eligible Borrowers: All borrowers must be a legal resident of the United States, as evidenced by a social security number, or: A legal business registered with the Minnesota Secretary of State and must have been in business for at least two (2) years Properties held in a contract for deed are eligible as long as both parties, the purchaser and seller, both sign the mortgage and the contract for deed holder signs a letter giving their approval of the project. Properties held in a trust. 8. Ineligible Borrowers: Foreign Nationals Non-Occupant Co-Borrowers 9. Eligible Properties: 1-12 unit residential properties located within the geographical boundaries of the City of Fridley. 10. Ineligible Properties: Dwellings with more than 12 units Co-ops Mobile Homes Properties used for commercial purposes 11. Ownership/Occupancy: Owner occupancy not required. 12. Loan-to-Value: Maximum: 110%. 13. Income Limits/Requirements: No Income Limits. 14. Debt-to-Income Ratio: Max 50%. There is no Debt-to-Income Ratio if the property is in the name of a business, but the property and business must show a positive cash flow from the most recent tax return or profit and loss statement if in business for less than a year. 15. Multiple Loans per Property/Borrower: More than one loan per property is permitted outstanding balance of all loans in this Program on a property cannot exceed $50,000, the maximum loan amount limits. 16. Eligible Improvements: Improvements that correct City code violations Improvements to the exterior of residential structures including but not limited to: roofing, solar, siding, painting, exterior windows & doors, driveways, parking improvements, signage, lighting, window/doors, awnings, sidewalks/steps, security systems, exterior garage repair and tuck pointing. Interior improvements include, but are not limited to: structural, ADA accessibility upgrades, fire prevention, HVAC, insulation, plumbing, electrical, flooring, permanent fixtures (cabinets/countertops). Any questionable improvements will be sent to the city for review. 17. Ineligible Improvements: Work initiated before the loan has been approved and closed. Recreational items including gazebos, pools, hot tubs, saunas, lawn sprinklers, playground equipment; Furniture and non-permanent appliances (unless part of a kitchen remodel); Funds used for working capital, debt management, or to refinance existing loans; Personal property items, and repairs to property used for business or trade purposes. Funds cannot be used to purchase equipment needed to complete the project. 18. Sweat Equity/Homeowner Labor: Sweat equity is not permitted in this program 19. Property Inspection: None. 20. Post-Install Inspection: Prior to the release of loan proceeds, the property is subject to is required, work must be signed off by a City inspector. 21. Contractors/ Permits: Contractors must be properly licensed to work in the City of Fridley. Permits must be obtained when required by city ordinance. 22. Bids: 1 bid is required. Bids must detail the scope of the work to be completed, the associated cost(s) and any rebates. Contractor must be properly licensed. 23. Work Completion: All work must be completed within 120 days of the loan closing. However, when warranted, CEE may authorize extensions on a case by case basis. 2 24. Underwriting: In addition to CEE's standard underwriting criteria, applicants must: Not have any payments more than 90-days late in the past 12 months (without reasonable explanation); No Bankruptcy in the past 18 months (without approval by the HRA) Be current on all mortgage payments Be current on all real estate taxes 25. Disbursement of Funds: Funds are held by CEE and payment is made to the contractor (or owner in sweat equity situations) upon completion of work. An inspection will be performed by the City and/or CEE to verify satisfactory completion of the work. The following items (and any additional as determined by CEE) must be received prior to final disbursement of funds: 1. Final invoice from contractor (or materials list from supplier) 2. Final inspection verification by CEE (if necessary) 3. Completion certificate(s) signed by borrower and contractor 4. Lien waiver for entire cost of work and 5. Evidence of required city permit, where applicable 26. Borrower/Applicant Fees: Those fees in excess of $1,500.00 which include a 1% origination fee, preparation fee and all applicable mortgage filing fees, title work, credit report, flood insurance and any other applicable closing costs associated with the loan. 3 SCHEDULE B TO HRA RESOLUTION NO. 2021 - 03 MOBILE HOME IMPROVEMENT LOAN PROGRAM 1. Program Intent: The intent of this program is to make low-interest home improvement loans available to Fridley residents to make basic mobile home improvements. 2. Interest Rate: 2.0%. 3. Amortization Type: Amortizing - Closed-end: requires borrowers to make monthly payments of Principal and Interest. 4. Loan Amount: Minimum: $500; Maximum: $10,000. necessary to finance the entire cost of the work. In the event the final cost exceeds the requested loan amount, the borrower must obtain the additional funds and show verification of the additional funds in order to be approved for the loan. 6. Term: Minimum: 1 Year; Maximum: 10 years Generally, one year per $1,000 borrowed No prepayment penalties apply 7. Eligible Borrowers: All borrowers must be a legal resident of the United States, as evidenced by a social security number, including: U.S. Citizens Permanent Resident Aliens Non-Permanent Resident Aliens Tax identification numbers (ITIN) are not acceptable Properties held in a contract-for-deed, or equivalent security for mobile homes, are eligible as long as both parties, the purchaser and seller, both sign the mortgage and the contract for deed holder signs a letter giving their approval of the project Properties held in a trust. 8. Ineligible Borrowers: Non-Occupant Co-Borrowers Business entities 9. Eligible Properties: Residential mobile homes located with the geographical boundaries of the City of Fridley. 10. Ineligible Properties: Non-owner occupied (aka Absentee Owned) Dwellings with more than 4 units Co-ops Properties used for commercial purposes 11. Ownership/Occupancy: Owner Occupied. 12. Loan-to-Value: N/A. 13. Income Limits/Requirements: No Income Limits. 14. Debt-to-Income Ratio: Max 50%. 15. Multiple Loans per Property/Borrower: More than one loan per household/property is cumulative outstanding balance of all Fridley Mobile Home Improvement Loans on the property cannot exceed $10,000. 16. Eligible Improvements: Most permanent interior and exterior improvements. 17. Ineligible Improvements: Work initiated before the loan has been approved and closed. Recreational items including gazebos, pools, hot tubs, saunas, lawn sprinklers, playground equipment; Furniture and non-permanent appliances (unless part of a kitchen remodel); Funds used for working capital, debt management, or to refinance existing loans; Personal property items, and repairs to property used for business or trade purposes. Funds cannot be used to purchase equipment needed to complete the project. Loan funds cannot be used to compensate for labor, only for materials and rental of equipment or tools to complete the project. Materials must be purchased and installed prior to the disbursement of the loan proceeds. When applicable, a signed city permit must be obtained. 19. Pre-Property Inspection: None. 20. Post-Install Inspection: Prior to the release of loan proceeds, the property is subject to inspection by a CEE inspector or, where a permit is required, work must be signed off by a City inspector. 21. Contractors/ Permits: Contractors must be properly licensed to work in the City of Fridley. Permits must be obtained when required by city ordinance. 22. Bids: 1 bid is required. Bids must detail the scope of the work to be completed, the associated cost(s) and any rebates. 23. Work Completion: All work must be completed within 120 days of the loan closing. However, when warranted, CEE may authorize extensions on a case by case basis. 24. Underwriting: In addition to CEE's standard underwriting criteria, applicants must: Not have any payments more than 90-days late in the past 12 months without approval by the City; No Bankruptcy in the past 18 months(without reasonable explanation) Be current on all mortgage payments Be current on all real estate taxes 25. Disbursement of Funds: Funds are held by CEE and payment is made to the contractor (or owner in sweat equity situations) upon completion of work. An inspection will be 2 performed by the City and/or CEE to verify satisfactory completion of the work. The following items (and any additional as determined by CEE) must be received prior to final disbursement of funds: 1. Final invoice from contractor (or materials list from supplier) 2. Final inspection verification by CEE (if necessary) 3. Completion certificate(s) signed by borrower and contractor 4. Lien waiver for entire cost of work and 5. Evidence of required city permit, where applicable 26. Borrower/Applicant Fees: 1% origination fee, preparation fee and all applicable mortgage filing fees, title work, credit report, flood insurance and any other applicable closing costs associated with the loan. 3 SCHEDULE C TO HRA RESOLUTION NO. 2021 - 03 1. Program Intent: The intent of the Fridley Last Resort, Emergency Deferred Loan Program is to provide funds to owner-occupants of properties who face emergency home repairs and are unable to obtain funds to repair the problem(s) through traditional analyzed prior to consideration of the Last Resort, Emergency Deferred Loan Program. If the applicant qualifies for other program financing, then the applicant will not be eligible for the Emergency Deferred Loan Program. An Emergency is defined as a condition that makes a house uninhabitable, extremely dangerous to the occupants, or is capable of causing severe health problems. 2. Interest Rate: 0%. 3. Amortization Type: Deferred. 4. Loan Amount: Minimum: $500; Maximum: $10,000. necessary to finance the entire cost of the work. In the event the final cost exceeds the requested loan amount, the borrower must obtain the additional funds and show verification of the additional funds in order to be approved for the loan. 6. Term: The Deferred Loan is due in full when the borrower sells, transfers ownership or 7. Eligible Borrowers: All borrowers must be a legal resident of the United States, as evidenced by a social security number, including: U.S. Citizens Permanent Resident Aliens Non-Permanent Resident Aliens Tax identification numbers (ITIN) are not acceptable Properties held in a contract-for-deed are eligible as long as both parties, the purchaser and seller, both sign the mortgage and the contract for deed holder signs a letter giving their approval of the project. 8. Ineligible Borrowers: Non-Occupant Co-Borrowers Business entities 9. Eligible Properties: 1-4 unit residential properties located with the geographical boundaries of the City of Fridley. 10. Ineligible Properties: Non-owner occupied (aka Absentee Owned) Dwellings with more than 4 units Co-ops Mobile Homes Properties used for commercial purposes 11. Ownership/Occupancy: Owner Occupied. 12. Loan-to-Value: Maximum: 125%. 13. Income Limits/Requirements: Less than 110% of current HUD based on household size and adjusted gross income from most recent tax return. If a tax return is not required to be filed, the income will be based on projected gross income. 14. Debt-to-Income Ratio: Not Applicable. 15. Multiple Loans per Property/Borrower: More than one Last Resort Emergency Loan is cumulative outstanding balance of all Last Resort Emergency Loans on the property cannot exceed the maximum loan amount of $10,000. 16. Eligible Improvements: Eligible improvements will be determined through a required perform the analysis to determine the severity of the situation and whether the intended improvement is an emergency. An emergency is defined as a condition that makes a house uninhabitable, extremely dangerous to the occupants, or is capable of causing severe health problems. Property Emergency Inspection Fees Apply and will be Invoiced to the City. 17. Ineligible Improvements: Work initiated before the loan has been approved and closed. Recreational items including gazebos, pools, hot tubs, saunas, lawn sprinklers, play ground equipment; Furniture and non-permanent appliances (unless part of a kitchen remodel); Funds used for working capital, debt management, or to refinance existing loans; Personal property items, and repairs to property used for business or trade purposes. Funds cannot be used to purchase equipment needed to complete the project. 18. Sweat Equity/Homeowner Labor: Sweat equity is not permitted in this program. 19. Pre-Property Inspection: A property inspection will be performed by a CEE representative prior to the loan closing to determine that the project is an emergency as defined by the description above of Eligible Improvements. 20. Post-Install Inspection: Prior to the release of loan proceeds, the property is subject to inspection by a CEE inspector or, where a permit is required, work must be signed off by a City inspector. 21. Contractors/ Permits: Contractors must be properly licensed to work in the City of Fridley. Permits must be obtained when required by city ordinance. 22. Bids: 1 bid is required. Bids must detail the scope of the work to be completed, the associated cost(s) and any rebates. 23. Work Completion: All work must be completed within 30 days of the loan closing. However, when warranted, CEE may authorize extensions on a case by case basis as warranted. 2 24. Underwriting: Applicants must not be able to qualify for any other financing to be eligible for the Emergency Last Resort Program. In addition, applicants must also: Be current on all mortgage payments Be current on all real estate taxes and assessments Not have any unpaid judgments or liens Not have a pending Bankruptcy or foreclosure 25. Disbursement of Funds: Funds are held by CEE in a non-interest bearing account and payment is made to the contractor (or owner in sweat equity situations) upon completion of work. An inspection will be performed by the City and/or CEE to verify satisfactory completion of the work. The following items (and any additional as determined by CEE) must be received prior to final disbursement of funds: 1. Final invoice from contractor (or materials list from supplier) 2. Final inspection verification by CEE (if necessary) 3. Completion certificate(s) signed by borrower and contractor 4. Lien waiver for entire cost of work and 5. Evidence of required city permit, where applicable 26. Borrower Fees: There is no 1% origination fee or document preparation fee. The only fees are mortgage/title filing fees, title work, credit report, flood certification and any other applicable closing costs associated with the loan. 3 SCHEDULE D TO HRA RESOLUTION NO. 2021 - 03 REVOLVING REHAB LOAN PROGRAM 1. Program Intent: This Program is intended to address the home improvement financing needs of eligible homeowners residing in the City of Fridley. 2. Interest Rate: 2.0%. payments of Principal and Interest. 4. Loan Amount: Minimum: $1,000; Maximum: $50,000. necessary to finance the entire cost of the work. In the event the final cost exceeds the requested loan amount, the borrower must obtain the additional funds and show verification of the additional funds in order to be approved for the loan. 6. Term: Minimum: 1 Year Maximum: 20 years Generally, one year per $1,000 borrowed No prepayment penalties apply 7. Eligible Borrowers: All borrowers must be a legal resident of the United States, as evidenced by a social security number, including: U.S. Citizens Permanent Resident Aliens Non-Permanent Resident Aliens Tax identification numbers (ITIN) are not acceptable Properties held in a contract-for-deed are eligible as long as both parties, the purchaser and seller, both sign the mortgage and the contract for deed holder signs a letter giving their approval of the project. 8. Ineligible Borrowers: Foreign Nationals Non-Occupant Co-Borrowers Non-real person entities (such as Partnerships, Corporations, Trusts, etc.) 9. Eligible Properties: 1-4 unit residential properties located with the geographical boundaries of the City of Fridley. 10. Ineligible Properties: Non-owner occupied (aka Absentee Owned) Dwellings with more than 4 units Co-ops Mobile Homes Manufactured homes Time shares Properties used for commercial purposes Properties held in the name of a trust 11. Ownership/Occupancy: Owner Occupied. 12. Loan-to-Value: Maximum: 110%. 13. Income Limits/Requirements: No income limits. All income must be derived from within the United States. 14. Debt-to-Income Ratio: Max 50% 15. Multiple Loans per Property/Borrower: More than one loan per household/property is cumulative outstanding balance of all Fridley loans on the property, including deferred loans cannot exceed $50,000. 16. Eligible Improvements: Most permanent interior and exterior improvements. 17. Ineligible Improvements: Work initiated before the loan has been approved and closed. Recreational items including gazebos, pools, hot tubs, saunas, lawn sprinklers, playground equipment; Furniture and non-permanent appliances (unless part of a kitchen remodel); Funds used for working capital, debt management, or to refinance existing loans; Personal property items, and repairs to property used for business or trade purposes. Funds cannot be used to purchase equipment needed to complete the project. Loan funds cannot be used to compensate for labor, only for materials and rental of equipment or tools to complete the project. Materials must be purchased and installed prior to the disbursement of the loan proceeds. When applicable, a signed City permit must be obtained. 19. Property Inspection: None. 20. Post-Install Inspection: Prior to the release of loan proceeds, the property is subject to inspection by a CEE inspector or, where a permit is required, work must be signed off by a City inspector. 21. Contractors/ Permits: Contractors must be properly licensed to work in the City of Fridley. Permits must be obtained when required by City ordinance. 22. Bids: 1 bid is required. Bids must detail the scope of the work to be completed, the associated cost(s) and any rebates. 23. Work Completion: All work must be completed within 120 days of the loan closing. However, when warranted, CEE may authorize extensions on a case by case basis. Not have any payments more than 90-days late in the past 12 months (without approval from the City); No Bankruptcy in the past 18 Months (without reasonable explanation) Be current on all mortgage payments Be current on all real estate taxes 2 25. Disbursement of Funds: Funds are held by CEE and payment is made to the contractor (or owner in sweat equity situations) upon completion of work. An inspection will be performed by the City and/or CEE to verify satisfactory completion of the work. The following items (and any additional as determined by CEE) must be received prior to final disbursement of funds: 1. Final invoice from contractor (or materials list from supplier) 2. Final inspection verification by CEE (if necessary) 3. Completion certificate(s) signed by borrower and contractor 4. Lien waiver for entire cost of work and 5. Evidence of required City permit, where applicable 26. Borrower Fees: 1% origination fee and a document preparation fee, mortgage/title filing fees, title work, credit report, flood certification and any other applicable closing costs associated with the loan. 3 SCHEDULE E TO HRA RESOLUTION NO. 2021 - 03 SENIOR DEFERRED LOAN PROGRAM 1. Program Intent: The intent of the Senior Deferred Loan Program is to provide an incentive for Fridley seniors to make home improvements that will allow them to remain in their homes and/or update the homes for a future sale. 2. Interest Rate: 0%. 3. Amortization Type: Deferred (NOT FORGIVEN). 4. Loan Amount: Minimum: $500; Maximum: $25,000. necessary to finance the entire cost of the work. In the event the final cost exceeds the requested loan amount, the borrower must obtain the additional funds and show verification of the additional funds in order to be approved for the loan. 6. Term: The Deferred Loan is due in full when the borrower sells, transfers ownership or 7. Eligible Borrowers: All borrowers must be a legal resident of the United States, as evidenced by a social security number, and one borrower must be at least 62 years of age, including: U.S. Citizens Permanent Resident Aliens Non-Permanent Resident Aliens Tax identification numbers (ITIN) are not acceptable Properties held in a contract-for-deed are eligible as long as both parties, the purchaser and seller, both sign the mortgage and the contract for deed holder signs a letter giving their approval of the project Properties held in the name of a trust. 8. Ineligible Borrowers: Residents with no legal ownership in the subject property. Non-real person entities (such as Partnerships, Corporations, Trusts, etc.) 9. Eligible Properties: 1-4 unit residential properties located with the geographical boundaries of the City of Fridley. 10. Ineligible Properties: Non-owner occupied (aka Absentee Owned) Dwellings with more than 4 units Co-ops Mobile Homes Properties used for commercial purposes 11. Ownership/Occupancy: Owner Occupied. 12. Loan-to-Value: Maximum: 110%. 13. Income Limits/Requirements: None. 14. Debt-to-Income Ratio: Not Applicable. 15. Multiple Loans per Property/Borrower: More than one Senior Deferred Loan is permitted outstanding balance of all Senior Deferred Loans on the property cannot exceed the maximum loan amount allowed per program guidelines. 16. Eligible Improvements: Most permanent interior and exterior improvements. 17. Ineligible Improvements: Work initiated before the loan has been approved and closed. Recreational items including gazebos, pools, hot tubs, saunas, lawn sprinklers, playground equipment; Furniture and non-permanent appliances; Funds used for working capital, debt management, or to refinance existing loans; Personal property items, and repairs to property used for business or trade purposes. Funds cannot be used to purchase equipment needed to complete the project. 18. Sweat Equity/Homeowner Labor: Sweat equity is not permitted in this program. 19. Pre-Property Inspection: A property inspection will be performed prior to the loan closing to determine project eligibility and prioritization. 20. Post-Install Inspection: Prior to the release of loan proceeds, the property is subject to inspection by a CEE inspector or, where a permit is required, work must be signed off by a City inspector. 21. Contractors/Permits: Contractors must be properly licensed to work in the City of Fridley. Permits must be obtained when required by city ordinance. 22. Bids: 1 bid is required. Bids must detail the scope of the work to be completed, the associated cost(s) and any rebates. 23. Work Completion: All work must be completed within 120 days of the loan closing. However, when warranted, CEE may authorize extensions on a case by case basis. 24. Underwriting: Applicants must: Be current on all mortgage payments Be current on all real estate taxes and assessments Not have any unpaid judgments or liens Not have a pending Bankruptcy or foreclosure 2 25. Disbursement of Funds: Funds are held by CEE and payment is made to the contractor (or owner in sweat equity situations) upon completion of work. An inspection will be performed by the City and/or CEE to verify satisfactory completion of the work. The following items (and any additional as determined by CEE) must be received prior to final disbursement of funds: 1. Final invoice from contractor (or materials list from supplier) 2. Final inspection verification by CEE (if necessary) 3. Completion certificate(s) signed by borrower and contractor 4. Lien waiver for entire cost of work and 5. Evidence of required city permit, where applicable 26. Borrower/Applicant Fees: 1% origination fee, preparation fee and all applicable mortgage filing fees, title work, credit report, flood insurance and any other applicable closing costs associated with the loan. 3 SCHEDULE F TO HRA RESOLUTION NO. 2021 - 03 DOWN PAYMENT ASSISTANCE LOAN PROGRAM 1. Program Intent: Provide incentive for first time home buyers to move to Fridley. 2. Interest Rate: 0%. 3. Amortization Type: Deferred (NOT FORGIVEN). 4. Loan Amount: Up to $5,000. necessary to finance acquisition. 6. Term: The loan is 100% due when the borrower(s) sell(s), transfers ownership or no longer occupies the property as the borrower(s) primary residence. 7. Eligible Borrowers: All borrowers must be a legal resident of the United States, as evidenced by a social security number and a first time homebuyer as defined by HUD. All borrower(s) MUST attend a Home Stretch workshop or other valid first time homebuyer course as approved by HUD. 8. Ineligible Borrowers: Non-First Time Homebuyers Non-Occupant Co-Borrowers Business Entities. 9. Eligible Properties: 1-4 unit residential properties located in the City of Fridley and will be homesteaded by the borrower. 10. Ineligible Properties: Properties with more than 4 units Co-Ops Mobile Homes Properties used for commercial purposes Property that will not be homesteaded by the borrower 11. Ownership/Occupancy: Owner Occupied. 12. Loan-to-Value: Maximum: 110%. 13. Income Limits/Requirements: Less than or equal to 110% of current HUD based on household size and Adjusted Gross Income from most recent tax return. If a tax return is not required to be filed the income will be based on projected gross income. 14. Debt-to-Income Ratio: Not Applicable. 15. Multiple Loans per Property/Borrower: Only one loan, but if ownership changes the new owner is eligible. If borrower purchases a new home in the City of Fridley, they are eligible if considered a First Time Homebuyer. The cumulative outstanding balance of all Fridley loans on the property, including deferred loans cannot exceed $50,000. 16. Eligible Improvements: Funds may only be used for down-payment and/or closing costs. The borrower(s) can NOT receive any portion of these funds as cash. 17. Ineligible Improvements: Not applicable. 18. Sweat Equity/Homeowner Labor: Not applicable. 19. Pre-Property Inspection: Not applicable. 20. Post-Install Inspection: Not applicable. 21. Contractors/Permits: Not applicable. 22. Bids: Not applicable, 23. Work Completion: Not applicable. 24. Underwriting: Borrower(s) must meet first mortgage lender requirements and submit: Copy of Purchase Agreement First mortgage loan estimate and/or closing disclosure Appraisal or determination of value Certificate of eligible homebuyers course. 25. Disbursement of Funds: Funds will be disbursed to the title company. 26. Borrower Fees: All applicable mortgage filing fees to paid at closing (with title agent). 2 SCHEDULE G TO HRA RESOLUTION NO. 2021 - 03 RESIDENTIAL MAJOR PROJECT GRANT PROGRAM 1. Program Intention: This Program is intended to provide financial incentives for homeowners to do major remodeling projects of at least $35,000. 2. Grant Amount: Maximum: $5,000. funds necessary to complete the project. 4. Eligible Borrowers: All borrowers must be a legal resident of the United States, as evidenced by a social security number, including: U.S. Citizens Permanent Resident Aliens Non-Permanent Resident Aliens Tax identification numbers (ITIN) are not acceptable Properties held in a contract-for-deed are eligible as long as both parties, the purchaser and seller, both sign the mortgage and the contract for deed holder signs a letter giving their approval of the project. 5. Ineligible Borrowers: Non-Occupant Business Entities. 6. Eligible Properties: 1 and 2 unit residential properties at least 20 years old located in Fridley and homesteaded by the owner. 7. Ineligible Properties: Properties with more than 2 units Non-owner occupied Mobile homes Properties used for commercial purposes. 8. Ownership/Occupancy: Owner occupied. 9. Income Limits: None. 10. Debt to Income Ratio: N/A. 11. Multiple Grants Per Property/Borrower: Maximum Grant in any 12-month period cannot exceed $5,000. 12. Eligible Improvements/Use of Funds: Qualifying Projects include the following: Building an addition Building a sun room Finishing previously unfinished space Constructing a covered front porch Converting a garage into livable space Major kitchen, bathroom or basement remodel Adding a bathroom Reconfiguring living space Exterior Upgrade Projects including the following: Altering the roofline on the front of the house Constructing columns at the front door Building a covered front porch Enhancing the front of the house with brick, stone, or shakes Upgrading the front door and/or garage door if it faces the street Landscaping (landscape design assistance required) Other elements as approved by the HRA Projects including two or more exterior upgrades are eligible for a grant of up to 10% of the project cost, not to exceed $5,000. Projects that do not include eligible exterior upgrades are limited to a grant of up to 5% of the project cost, not to exceed $2,500. 13. Ineligible Improvements: Any work initiated before the Grant approval will not be eligible for reimbursement. Grant funds cannot be used to compensate for labor, only for materials and rental of equipment or tools to complete the project. Materials must be purchased and installed prior to the disbursement of the Grant proceeds. When applicable, a signed City permit must be obtained. 15. Property Inspection: A property inspection will be performed to determine project eligibility. 16. Post-Install Inspection: Prior to the release of grant proceeds, the property is subject to inspection by a HRA inspector or, where a permit is required, work must be signed off by a City inspector. 17. Contractors/ Permits: Contractors must be properly licensed to work in the City of Fridley. Permits must be obtained when required by City ordinance. 18. Bids: 1 bid is required. Bids must detail the scope of the work to be completed, the associated cost(s) and any rebates. 19. Work Completion: All work must be completed within 120 days of the Grant approval. However, when warranted, HRA may authorize extensions on a case by case basis. 20. Underwriting: Applicant must demonstrate ownership of property, that it is homesteaded and that the remodeling plans have been reviewed by an architect or designer. 21. Disbursement of Funds: Funds are held by HRA and payment is made to the contractor (or owner in sweat equity situations) upon completion of work. An inspection will be performed by the City and/or HRA to verify satisfactory completion of the work. The following items (and any additional as determined by HRA) must be received prior to final disbursement of funds: 2 1. Final invoice from contractor (or materials list from supplier) 2. Final inspection verification by HRA (if necessary) 3. Completion certificate(s) signed by borrower and contractor 4. Lien waiver for entire cost of work and 5. Evidence of required City permit, where applicable 22. Applicant Fees: None. 23. Administrator: HRA. 3 SCHEDULE H TO HRA RESOLUTION NO. 2021 - 03 RESIDENTIAL PAINT REBATE GRANT PROGRAM 1. Residential Paint Rebate Program Intention: This Program is intended to assist in eliminating blight by preserving and improving the appearance of neighborhoods. 2. Grant Amount: Not to exceed $500 for a single-family residence with up to an additional $350 for each additional unit. Maximum amount: $1,400. funds necessary to complete the project. 4. Eligible Borrowers: Applicant must have title to the property. 5. Ineligible Borrowers: Non-Occupant Business Entities. 6. Eligible Properties: 1-4 unit owner-occupied residential properties located within Fridley. 7. Ineligible Properties: Properties with more than 4 units Non-owner occupied Mobile homes Properties used for commercial purposes. 8. Ownership/Occupancy: Owner occupied. 9. Income Limits: Less than 110% of current HUD based on household size and adjusted gross income from most recent tax return. If a tax return is not required to be filed, the income will be based on projected gross income. 10. Debt to Income Ratio: N/A. 11. Multiple Grants Per Property/Borrower: Maximum Grant in any 12-month period cannot exceed $1,400. 12. Eligible Improvements/Use of Funds: Cost of materials and supplies for exterior painting only. 13. Ineligible Improvements: See 12 above. Grant funds cannot be used to compensate for labor, only for materials and rental of equipment or tools to complete the project. Materials must be purchased and installed prior to the disbursement of the Grant proceeds. When applicable, a signed City permit must be obtained. 15. Property Inspection: N/A. 16. Post-Install Inspection: Prior to the release of grant proceeds, the property is subject to inspection by a HRA inspector or, where a permit is required, work must be signed off by a City inspector. 17. Contractors/ Permits: Contractors must be properly licensed to work in the City of Fridley. Permits must be obtained when required by City ordinance. 18. Bids: N/A. 19. Work Completion: All work must be completed within 120 days of the Grant approval. However, when warranted, HRA may authorize extensions on a case by case basis. 20. Underwriting: Applicant must demonstrate ownership of property. 21. Disbursement of Funds: Grant is payable upon completion of work. An inspection will be performed by the HRA to verify completion and the following items must be received prior to disbursement: 1. Invoice(s) for cost of materials and supplies used for painting the exterior. 2. Completion of the exterior painting project. 3. Lien waiver for cost of completed project. 4. Evidence of required City permit, when applicable. 22. Applicant Fees: None. 23. Administrator: HRA. 2 SCHEDULE I TO HRA RESOLUTION NO. 2021 - 03 FRONT DOOR GRANT PROGRAM 1. Program Intention: This Program is intended to incentivize homeowners to increase the their home. Grants are for Basic Projects and Beautification Projects described in detail in No. 12 below. 2. Grant Amount: Minimum: $1,000; Maximum: $5,000. funds necessary to complete the project. 4. Eligible Borrowers: All borrowers must be a legal resident of the United States, as evidenced by a social security number, including: U.S. Citizens Permanent Resident Aliens Non-Permanent Resident Aliens Tax identification numbers (ITIN) are not acceptable Properties held in a contract-for-deed are eligible as long as both parties, the purchaser and seller, both sign the mortgage and the contract for deed holder signs a letter giving their approval of the project. 5. Ineligible Borrowers: Non-Occupant Business Entities. 6. Eligible Properties: 1 and 2 unit residential properties with an assessed market value of less than $400,000 located in Fridley and homesteaded by the owner. 7. Ineligible Properties: Properties with more than 2 units Non-owner occupied Mobile homes Properties used for commercial purposes. 8. Ownership/Occupancy: Owner occupied. 9. Income Limits: None. 10. Debt to Income Ratio: N/A. 11. Multiple Grants Per Property/Borrower: Maximum Grant in any 12-month period cannot exceed $5,000. 12. Eligible Improvements/Use of Funds: Basic Projects include the following: Roof Siding Painting Soffit Facia Trim Windows Chimney repair; tuck-pointing, repointing Beautification Projects including the following: Front door, storm door and/or garage door Sidelight windows by front door Columns at front door Covered front porch Brick, stone or shakes Permanent landscaping Driveway and Sidewalk repair and replacement Window boxes and shutters Screening of utility boxes, garbage/recycling cans Fence Grants are 25% of a Beautification Project and 15% of a Basic Project. However, a property must have a Beautification Project to allow for a Basic Project to be grant eligible. The Projects must be visible from the street in front of the residence. 13. Ineligible Improvements: Any work initiated before the Grant approval will not be eligible for reimbursement. Grant funds cannot be used to compensate for labor, only for materials and rental of equipment or tools to complete the project. Materials must be purchased and installed prior to the disbursement of the Grant proceeds. When applicable, a signed City permit must be obtained. 15. Property Inspection: A property inspection will be performed to determine project eligibility. 16. Post-Install Inspection: Prior to the release of grant proceeds, the property is subject to inspection by a HRA inspector or, where a permit is required, work must be signed off by a City inspector. 17. Contractors/ Permits: Contractors must be properly licensed to work in the City of Fridley. Permits must be obtained when required by City ordinance. 18. Bids: 1 bid is required. Bids must detail the scope of the work to be completed, the associated cost(s) and any rebates. 19. Work Completion: All work must be completed within 120 days of the Grant approval. However, when warranted, HRA may authorize extensions on a case by case basis. 2 20. Underwriting: Applicant must demonstrate ownership of property and that it is homesteaded. 21. Disbursement of Funds: Funds are held by HRA and payment is made to the contractor (or owner in sweat equity situations) upon completion of work. An inspection will be performed by the City and/or HRA to verify satisfactory completion of the work. The following items (and any additional as determined by HRA) must be received prior to final disbursement of funds: 1. Final invoice from contractor (or materials list from supplier) 2. Final inspection verification by HRA (if necessary) 3. Completion certificate(s) signed by borrower and contractor 4. Lien waiver for entire cost of work and 5. Evidence of required City permit, where applicable 22. Applicant Fees: None. 23. Administrator: HRA. 4847-6413-4869, v. 1 3 HRA AGENDA ITEM Date: 12/31/2020 To: Wally Wysopal, Executive Director From: Paul Bolin, Assistant Executive Director RE: Since 1996, the HRA has contracted with the Center for Energy and Environment (CEE) to outsource most of the administrative functions for its loan programs, including marketing, application processing, underwriting, loan closing, and disbursements to the contractors. CEE is able to provide technical assistance to Fridley homeowners on such topics as remodeling, energy conservation (through the Home Energy Squad visits), indoor air quality and related subjects. The partnership with CEE allows the Authority to leverage outside dollars (e.g. Minnesota Housing Finance Agency, Met Council, Federal funds, etc.) and customize loan The attached Amendment extends our relationship with CEE through December 31, 2023, recognizes the changes and additions made to the Fridley Housing Programs, and provides for an increase in the Annual Administrative Fee to cover the increased cost of setting up and managing the changes and additions to the Housing loan programs. In addition to administering the loan programs, CEE has also partnered with the City since 2014 to provide Home Energy Squad visits to help residents make their homes more energy efficient. The Authority has helped to fund a portion of these visits. Starting in 2021, CEE is offering two visit options to Fridley residents. The standard visit, including blower door tests and infrared blower door test or infrared technology will now be an option for $35. The attached agreement extends our Home Energy Squad partnership with CEE through December 31, 2023 and offers residents access to the new Energy Saver visits. Recommendation Staff recommends that the Authority approve the attached amendment to the housing programs administration contract with CEE. Staff further recommends that the Authority approve the attached agreement with CEE to continue the Home Energy Squad partnership. AMENDMENT to the LOAN ORIGINATION AGREEMENT BETWEEN HOUSING AND REDEVOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY And CENTER FOR ENERGY AND ENVIRONMENT Fridley Home Improvement Loan Program th The Agreement made the 18 day of February, 2004 by and between the HOUSING AND REDEVOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, with offices at 7071 rd AND ENVIRONMENT, with its offices at 212 3 Avenue North, Suite 560, Minneapolis, is hereby amended. Section 2. Compensation of the agreement are amended to read 2.1 Annual Administrative Fee: $2,500 st The Annual Administrative Fee shall be payable on January 1 of each year the contract is active. Section 5. Term and Termination of the agreement shall read: 5.1 Unless earlier terminated as provided in the following paragraphs, this Agreement shall become effective on January 1, 2006 and continue through December 31, 2023. Exhibit A-21 shall replace Schedule A from the original Loan Origination Agreement Exhibit A-21 recognizes the HRA Resolution which was approved and took effect 1/ 7/ 2021. All other sections of the contract shall remain as written in the original and amended agreements. IN WITNESS WHEREOF, the parties hereunder set their hands as of the date written below: HOUSING AND REDEVOPMENT CENTER FOR ENERGY AND AUTHORITY IN AND FOR THE CITY ENVIRONMENT OF FRIDLEY By ___________________________ By __________________________ Executive Director Date __________________________ Date _________________________ #2846 By ___________________________ TAX ID 41-1647799 Asst. Executive Director Date __________________________ AGREEMENT to Perform Home Energy Squad Visits In the City of Fridley at 6431 University Ave NE, Fridley MN 55432 and the Center for Energy and Environmen rd 212 3 Avenue North, Suite 560, Minneapolis, Minnesota 55401. The following agreement is for the Center for Energy and Environment (CEE) to deliver Home Energy Squad visits to residents of the City of Fridley in partnership with the HRA. PROGRAM SCOPE The purpose of the Home Energy Squad visits is to promote energy conservation in residential properties. Energy Planner visits offer installs, diagnostic tests, and follow-up services. CEE will perform Home Energy Squad Energy Saver and Energy Planner visits for residents per the fee schedule listed below. Type of Home Energy Squad Visit HRA payment Resident co-pay Energy Saver visit $35 $35 Energy Planner visit $50 $50 ELIGIBLE PROPERTIES Properties must be residential (from 1-4 units) and located within the geographical boundaries of the City of Fridley. Individual owners of condominiums or town homes are eligible for funding. Individual owners of condominiums or town homes are eligible for funding. CEE TASKS 1. Conduct Home Energy Squad Energy Saver Visits. CEE will conduct Home Energy Squad Energy Saver visits to help homeowners identify and implement energy savings opportunities in their homes. The visit will include an insulation inspection, safety check on heating system and water, and the direct install of energy-saving materials where possible, including high-efficiency showerheads, faucet aerators, door weather stripping, programmable thermostats and LED light bulbs. 2. Conduct Home Energy Squad Energy Planner Visits. CEE will conduct Home Energy Squad Energy Planner visits to help homeowners identify and implement energy savings opportunities in their homes. The Energy Planner visit will include the direct install of energy-saving materials where possible, including high-efficiency showerheads, faucet aerators, door weather stripping, programmable thermostats and LED light bulbs. In addition, it will include a blower door test to check for air leaks, visual inspection of insulation levels with use of infrared camera as weather permits, heating system and hot water heater combustion safety tests and a report to the homeowner on recommended energy upgrades (if resident is a renter, permission from the landlord may be required for doing these additional diagnostic services). The co-pay and exact package of services are subject to change based on programmatic considerations, s which are outside the bounds of this agreement. CEE will notify the City of Brooklyn Center prior to any changes taking effect. CEE will lead a community-based marketing campaign to promote the program. The City of Fridley shall provide assistance in developing and implementing this campaign. 3. Providing Air Sealing and Insulation quotes. If air sealing and/or insulation are recommended at a Home Energy Squad Energy Planner visit, CEE may provide a quote to the resident that would be honored by participating insulation contractors. CEE is an independent third party to any transaction between the resident and the insulation contractor. CEE does not receive any compensation from insulation contractors, nor does CEE, CenterPoint Energy or Xcel Energy accept any liability for any work performed by these contractors. Any agreement for work done by the contractors is solely between the contractor and the resident. 4. Follow-up services and insulation contractor assistance. If major upgrades (air sealing, insulation and furnace or boiler replacement) are recommended at the visit, CEE will follow-up with homeowners through email or by phone to encourage implementation. When a quote is provided CEE has the ability to schedule insulation work directly with a qualified contractor making it easier for homeowner to move forward with recommendations. CEE will also provide contact information to program participants who have follow-up questions after the home visit. CITY TASKS 1. Assist and coordinate with CEE on marketing activities. This includes working with CEE on press releases, articles in CITY newsletters, water bill inserts, promoting program on CITY website, CITY email lists, assistance in coordinating with neighborhood and other CITY leaders, assistance in reserving workshop and event space as needed. PAYMENT CEE shall submit regular invoices to the Fridley HRA for activity performed under this agreement. Invoices will be emailed to Paul Bolin. The Fridley HRA will reimburse CEE $35 for every Home Energy Squad Energy Saver visit completed and $50 for every Home Energy Squad Energy Planner visit completed, not to exceed $5,000 per year without further authorization from the HRA. CONTACTS The following individuals shall be contacts for this program: HRA CONTACT PERSON Paul Bolin, City of Fridley Housing and Redevelopment Authority Assistant Executive Director Paul.bolin@fridleymn.gov or 763-572-3591 CEE CONTACT PERSON Stacy Boots Camp, Center for Energy and Environment Assistant Outreach Manager sbootscamp@mncee.org or 612-244-2429 TERM The project shall run from January 1, 2021 through December 31, 2023 and may be extended upon mutual agreement by the parties. In witness thereof, the parties have executed this work order as of the date written below. 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Also shows the number of field appointments scheduled and completed for the Remodeling Advisor Services administered by Center for Energy and Environment. Home Energy Squad E-mail detailing recent activity and year to date. 04 10 0 18 00 0.00 00 0.00 0.00 00 0.00 0.00 01 4500.00 00 00 11304.50 112 193607.32 198107.32 11304.50 113 0.00025000.001 0.000152001.0011 0.00177001.0012 0 -- 27.41 24.65 / 2281.48 613.95 311.11 511.63 24.65 24.65 12.33 // 12.33 / 716.28 24.65 24.65 24.65 36.98 24.65 12.33 - 12.33 49.30