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Subject: (Direct Referral) Request by the Assistant Executive Director seeking approval to access funds from the City of Racine US EPA Brownfield Cleanup Revolving Loan Fund to assist in the environmental remediation of 1248 Washington Avenue. (Res. No. 13-0444)
Recommendation of the Redevelopment Authority on 10-14-13: 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; and
That the Director of City Development, or his designee, to act on behalf of the Authority to: submit an application for a $25,000 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 ducments 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) of the remediation expenses, and in the capital budget for legal fees and other associated costs.