Item Description:
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Agmt A2312008 with the U.S. EPA accepting a Brownfield Revolving Loan Fund grant, 10/01/23-09/30/28, $3,000,000 (recv); Agmt A2312007 with the U.S. EPA establishing uses of loan repayment funds, DOE-09/30/27 $2,500,000 (est recv)
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Resolution:
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BE IT RESOLVED, that Agreement A2312008 with the United States Environmental Protection Agency for a grant for the Brownfields Revolving Loan Fund to be used for the cleanup of brownfields contaminated with hazardous substances and petroleum during the period October 1, 2023 through September 30, 2028 in the receivable amount of $3,000,000, be approved; that the Chair of the Board be authorized to sign the amendment on behalf of Hennepin County, and that the Controller be authorized to accept and disburse funds as directed; and
BE IT FURTHER RESOLVED, that Agreement A2312007 with the United States Environmental Protection Agency establishing uses for funds generated by the repayment of loans from the Hennepin County Brownfields Revolving Loan Fund, from the date of execution through September 30, 2027 in the estimated receivable amount of $2,500,000, be approved; that the Chair of the Board be authorized to sign the agreement on behalf of Hennepin County; and that the Controller be authorized to accept and disburse funds as directed; and
BE IT FURTHER RESOLVED, that the sponsorship and acceptance of grant funding for these programs by the Hennepin County Board of Commissioners does not imply a continued funding commitment by the county for the programs when grant funds are no longer available.
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Background:
Hennepin County administers the Brownfields cleanup revolving loan program with funds made available through the U.S. Environmental Protection Agency (EPA). Established in 1999, the goal of this program is to stimulate reuse and redevelopment of contaminated sites (Resolution 99-11-811).
The county facilitates low-interest loans for environmental cleanup of sites contaminated wi...
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