Transaction Description:
DESCRIPTION:BROWNFIELDS ARE REAL PROPERTY, THE EXPANSION, DEVELOPMENT OR REUSE OF WHICH MAY BE COMPLICATED BY THE PRESENCE OR POTENTIAL PRESENCE OF A HAZARDOUS SUBSTANCE, POLLUTANT, OR CONTAMINANT. THIS AGREEMENT WILL PROVIDE FUNDING FOR THE SOUTHEAST IDAHO COUNCIL OF GOVERNMENTS TO CAPITALIZE A REVOLVING LOAN FUND AS AUTHORIZED BY CERCLA 104(K)(3) IN THE COUNTIES OF BINGHAM, POWER, BANNOCK, CARIBOU, ONEIDA, FRANKLIN, AND BEAR LAKES IN SOUTHEASTERN IDAHO. ACTIVITIES:SPECIFICALLY, THIS AGREEMENT WILL PROVIDE FUNDING FOR THE RECIPIENT TO CAPITALIZE A REVOLVING LOAN FUND FROM WHICH TO MAKE LOANS AND SUBGRANTS TO CLEAN UP BROWNFIELD SITE(S) AND CONDUCT OTHER NECESSARY ACTIVITIES TO PRUDENTLY MANAGE THE RLF. ADDITIONALLY, THE RECIPIENT WILL COMPETITIVELY PROCURE (AS NEEDED) AND DIRECT A QUALIFIED ENVIRONMENTAL PROFESSIONAL TO OVERSEE THE ENVIRONMENTAL SITE ACTIVITIES, WILL CREATE A COMMUNITY INVOLVEMENT PLAN AND ADMINISTRATIVE RECORD FOR EACH SITE THAT IS REMEDIATED, AND WILL REPORT ON PROGRAM INCOME, INTERIM PROGRESS, AND FINAL ACCOMPLISHMENTS BY COMPLETING AND SUBMITTING RELEVANT PORTIONS OF THE PROPERTY PROFILE FORM AND BROWNFIELDS RLF FORM USING EPA'S ASSESSMENT, CLEANUP AND REDEVELOPMENT EXCHANGE SYSTEM (ACRES). SUBRECIPIENT:SUBAWARDS WILL INCLUDE SUBGRANTS AND LOANS WHICH WILL BE MADE TO ELIGIBLE SUBRECIPIENTS TO CLEANUP BROWNFIELD SITES. THIS AGREEMENT PROVIDES FINANCIAL ASSISTANCE TO THE SOUTHEAST IDAHO COUNCIL OF GOVERNMENTS TO IMPLEMENT ITS OWN PROGRAM TO CAPITALIZE AN RLF AND MAKE SUBAWARDS, INCLUDING LOANS AND SUBGRANTS, TO ELIGIBLE SUBRECIPIENTS TO CLEAN UP BROWNFIELD SITE(S) IN SOUTHEASTERN IDAHO. THESE ACTIVITIES WILL DIRECTLY BENEFIT IN THE COUNTIES OF BINGHAM, POWER, BANNOCK, CARIBOU, ONEIDA, FRANKLIN, AND BEAR LAKES IN SOUTHEASTERN IDAHO BY CLEANING UP SITES AND SUPPORTING COMMUNITY INVOLVEMENT ACTIVITIES FOR THE CLEANUP AND REUSE OF BROWNFIELD SITES. OUTCOMES:FURTHER, THE RECIPIENT WILL ISSUE APPROXIMATELY 6 LOANS AND 4 SUBGRANTS TO REMEDIATE 10 BROWNFIELD SITES; ANTICIPATES HOLDING 10 COMMUNITY MEETINGS AND 30 LANDOWNER/DEVELOPER MEETINGS; FINALIZING 10 ANALYSIS OF BROWNFIELD CLEANUP ALTERNATIVES; AND SUBMITTING 21 QUARTERLY REPORTS. WORK CONDUCTED UNDER THIS AGREEMENT WILL BENEFIT THE RESIDENTS, BUSINESS OWNERS, AND STAKEHOLDERS IN AND NEAR THE COUNTIES OF BINGHAM, POWER, BANNOCK, CARIBOU, ONEIDA, FRANKLIN, AND BEAR LAKES IN SOUTHEASTERN IDAHO.
