City of Chattanooga

Description:this Action Approves an Award in the Amount of $3,900,000 to the City of Chattanooga, Tennessee. 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 for the Recipient to Re-capitalize a Revolving Loan Fund as Authorized by Cercla 104(K)(3); 104(K)(5)(E); 104(K)(10)(B)(III).ACTIVITIES:THIS Agreement Will Provide Funding for the Recipient to Re-capitalize a Revolving Loan Fund (RLF) From Which to Make Loans and Sub-grants 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 and Will Create a Community Involvement Plan and Administrative Record for Each Site That Is Remediated. the Recipient 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 the Environmental Protection Agency's Assessment, Cleanup and Redevelopment Exchange System (acres).subrecipient:the Subawards Will Be Used to Provide Cleanups for Developers and Residents of Chattanooga, Tn.outcomes:the Recipient Will Issue Approximately 5 Loans and 5 Sub-grants to Remediate 5 Brownfield Sites; Anticipates Holding 24 Community Meetings, Finalizing 5 Analyses of Brownfield Cleanup Alternatives, and Submitting 40 Quarterly Reports. Work Conducted Under This Agreement Will Benefit the Residents, Business Owners, and Stakeholders in and Near the Alton Park Area of Chattanooga, Tennessee.