HomeMy WebLinkAbout15. 15-497NOVEMBER 24, 2015 15-497 RESOLUTION
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PURPOSE: APPROVE AUTHORIZING SUBMISSION OF ENVIRONMENTAL
PROTECTION AGENCY BROWNFIELDS REVOLVING LOAN
FUND GRANT APPLICATION
INITIATED BY: COMMUNITY DEVELOPMENT
WHEREAS, the Environmental Protection Agency (EPA) has funds available in
the form of grants for brownfields revitalization; and
WHEREAS, the City of Oshkosh desires to apply for a Brownfields Revolving
Loan Fund (RLF) grant to capitalize a revolving loan fund from which to provide loans
and subgrants to carry out cleanup activities at brownfields sites in the community.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the proper City officials are hereby authorized to submit a grant proposal
to the Environmental Protection Agency to obtain funds for said purpose.
BE IT FURTHER RESOLVED that the proper City officials are hereby authorized
and directed to execute any and all documents and assurances which may be required
by the Environmental Protection Agency.
BE IT FURTHER RESOLVED that if said grant funds are awarded, the proper
City officials are hereby authorized and directed to accept said funds, pursuant to the
terms of the grant applications, and to execute any and all documents necessary for
purposes of same.
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ON THE WATEA
TO: Honorable Mayor and Members of the Common Council
FROM: Allen Davis, Community Development Director
DATE: November 18, 2015
RE: Approve Submittal of EPA Revolving Loan Fund Grant Application
BACKGROUND/ANALYSIS
The Environmental Protection Agency (EPA) is accepting applications for Brownfields
Assessment Grants. City staff would like to apply for a Revolving Loan Fund. If
successful, the EPA would provide a grant of $1,000,000 to the City to create a
Revolving Loan Fund (RLF) to assist property owners with environmental remediation
activities on private development sites. The property owner would then repay the City
so the City could re-loan funds for another project.
There are many sites within the community that may require remediation prior to
redevelopment. For example, the former JeldWen/Morgan Doors property in the South
Shore Redevelopment Area, Pioneer Island, Buckstaff, and remaining vacant sites in
the Marion/Pearl Redevelopment Area to name a few. Private sector lending
requirements sometimes makes the redevelopment of contaminated parcels difficult
and cost prohibitive. If awarded, this new EPA-RLF funds could serve as a new source
of funds for the redevelopment of contaminated sites.
FISCAL IMPACT
The City will not incur any costs and the redevelopment of contaminated sites would
increase the property tax base.
RECOMMENDATION
The City Council approves submittal of the grant application to the EPA.
Approved
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City Manager