ST. Louis Development Corporation

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 ST. Louis Development Corporation to Capitalize a Revolving Loan Fund as Authorized by Cercla 104(K)(3) in the City of ST. Louis, Missouri. 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 Revolving Loan Fund (RLF). Additionally, the Recipient May Competitively Procure 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 Be Made in the Form of Loans or Subgrants to Eligible Entities Cercla 104(K)(1), Which Includes Certain Nonprofits, to Fund Cleanup and Related Community Engagement Activities at Eligible Brownfields Within the Boundaries of the Revolving Loan Fund Program (the City of ST. Louis, Missouri). Outcomes:further, the Recipient Will Issue Approximately Four Loans to Remediate Four Brownfield Site; Anticipates Holding at Least Four Community Meetings, Finalizing Four Analysis of Brownfield Cleanup Alternatives, and Submitting 20 Quarterly Reports. Work Conducted Under This Agreement Will Benefit the Residents, Business Owners, and Stakeholders in and Near the City of ST. Louis, Missouri.