Federal grant · cooperative agreement (b)
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 Under the Infrastructure Investment and Jobs Act to Northeastern Vermont Development Association to Capitalize a Revolving Loan Fund as Authorized by Cercla 104(K)(3) in Caledonia, Essex, and Orleans Counties, Vermont. 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:site-specific and Non-site-specific Activities Included: Non-site-specific Tasks Include, Marketing the Program to Cities, Towns, Developers, and Non-profits, Conducting Public Outreach, and Preparing Outreach Materials Relevant to the Northeastern Vermont Development Association's RLF Program. Site-specific Tasks Include Verifying Site and Borrower/subgrant Eligibility, Sub-grant Agreements, Conducting Site-specific Public Relations Activities, and Consulting With and Enrolling Sites in the Vermont Voluntary Cleanup Program. Nvda Will Oversee Completion of Site Remediation and Preparation of Cleanup Completion Documentation, Including Implementation of Institutional Controls.outcomes:further, the Recipient Anticipates Issuing Loans and Subgrants to Remediate Up to Five Brownfield Site(s); Anticipates Holding Up to Five Community Meetings, Finalizing an Analysis of Brownfield Cleanup Alternatives, and Submitting Up to 20 Quarterly Reports. Work Conducted Under This Agreement Will Benefit the Residents, Business Owners, and Stakeholders in and Near Caledonia, Essex, and Orleans Counties, Vermont.
Committed
$1.0 Million
Paid out
$28.5K
3%
Committed, not yet paid
$971.5K
97%
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