Sponsor
Alderman Shakoor
Title
US-EPA Clean-Up Grant for 1425 North Memorial Drive
Resolved, that the Authority's request for funds and assistance available from the EPA under the brownfield clean-up grant is approved and rules for the program will be complied with.
Further resolved, that the Assistant Executive Director act on behalf of the Authority and submit applications for two EPA Brownfield Clean-up Grants, $200,000.00 each, to aid in the continuation of site clean-up of 1425 North Memorial Drive (aka the Racine Steel Castings property), sign documents and take necessary action to undertake, direct, and complete approved grant activities.
Fiscal Note: Two grants will be applied for, each being $200,000.00. A 20% local match is required for each grant for a total of $80,000.00. Funds are available in the Intergovenrmental Shared Revenue Account and from the City of Racine US-EPA Brownfield Clean-up Revolving Loan Fund.