Sponsor
Alderman Shakoor
Title
US EPA Brownfield Cleanup Revolving Loan Fund
Resolved, that it is approved that the Authority access funds from the City of Racine United States Environmental Protection Agency Brownfield Cleanup Revolving Loan Fund (US EPA BC-RLF) and TID 16;
Further resolved, that the Director of City Development, or his designee, to act on behalf of the Authority to: submit an application for a $25,000.00 subgrant from the US EPA BC-RLF to aid in the site cleanup of 1248 Washington Avenue (aka the Nelson Electric property), sign all forms and documents necessary, pay all fees, and take necessary action to undertake, direct, and complete approved subgrant activities.
Fiscal Note: The subgrant will be from the City's US EPA BC-RLF for $25,000. There are sufficient funds in TID 16 to pay the balance ($5,000.00) of the remediation expenses, and in the capital budget for legal fees and other associated costs.