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REDA Meeting Minutes—Tuesday,June 5,2017 Page 2 Beyond a contract with the CEE, Ms. Kelsey noted further action in the near future to update the current contract with the Community Reinvestment Fund (CRF), the REDA's loan servicing agent; since the majority of those dated from 1998 and now with new software at CRF, would result in more efficiencies in programming and funds. As detailed in the RCA, Ms. Kelsey reviewed the budget for 2017 as noted; and at the request of President Roe, advised that if terms differ significantly from those currently through the Greater Metropolitan Housing Corporation (GMHC), the contract would be brought to the REDA for approval. Member Etten asked if the new arrangement allowed the REDA to continue current programs as well as offering any additional programs. Jim Hasnick, CEE Representative Mr. Hasnick reviewed some of the additional commercial lending programs available state-wide; and advised that while additional programs were not part of this proposed contract as presented, they were available for the REDA's consideration in the future, including through funding with other agencies (e.g. Department of Commerce) for home and energy improvements for homeowners. Mayor Roe clarified tonight's action, for the REDA to be able to continue home improvement loans up to $40,000 each, previously administered through the GMHC, and now switched to the CEE and resulting in a direct contract with the CRF. President Roe offered an opportunity for public comment with no one appearing to speak to this issue. Laliberte moved, Etten seconded, authorized entering into a standard agreement for professional services (Attachment A) contract with the Center for Energy and Environment (CEE) for loan origination services for the Roseville Housing Rehabilitation Loan Program and construction advisory services, authorizing execution of the contract by the REDA Executive Director and President; amended to direct staff to bring back a negotiated contract with Community Reinvestment Fund,Inc. (CRF)for loan servicing. Since the CRF contract had not been negotiated since 1998, Member Laliberte expressed her interest in the REDA approving a new contract that may have significant changes in loan origination and other fees. Member Etten concurred, noting the importance of these programs and this opportunity to keep them in place.