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REDA Meeting Minutes—Tuesday,April 18,2017 Page 15 Member Willmus asked for the financial health of CEE. Ms. Kelsey responded that the CEE had been around for a long time and was still supported by energy companies, similar to the former NEC. NEC merged with CEE however they have a partnership with Xcel for rebate management and energy programs. Ms. Kelsey stated that she considered their status long- term. Ms. Kelsey reviewed the background of the CEE's discontinuance with several loan programs and subsequent involvement by the GMHC in picking up those loan originations, creating some of the current difficulties for them. At the request of Member Willmus, Ms. Kelsey advised that U. S. Bank would underwrite the city's involvement and protection; and offered to have their finance representative address the REDA at a future meeting to provide more detail. Member Laliberte questioned what could be considered beyond energy improvements. Ms. Kelsey advised that the REDA's loan program provided for whatever that policy stipulated — essentially any home improvement. As with any loan application, Ms. Kelsey advised that the applicant must first complete an energy audit to ensure they were aware of ways to improve or enhance the environment upfront; and while not a requirement to make those improvements, it served as an educational component. Member Laliberte stated that she was comfortable with the current program, but not with any further limitations. At the request of President Roe, Ms. Kelsey reviewed the current cost of the HRC's advisory and construction services and how they would continue under an agreement with the CEE; and how the individual components would be tracked going forward. Etten moved, McGehee seconded, approval of extending a contract with the Greater Minnesota Housing Corporation (GMHC) Housing Resource Center (HRC) through the second quarter of 2017; and directing staff to negotiate a contract with Center for Environment and Energy (CEE) for Home Loan and Construction Advisory Services for the REDA in maintaining the Roseville Housing Rehabilitation Loan Program, including construction advisory services. Members Etten and McGehee stated that this was a great way for the REDA to encourage positive investment in the community and add value back in to improve not only the city's tax base but its quality of housing.