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[COMMITTEE SUBSTITUTE FOR ]ORDINANCE NO. 250469
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Sponsor: Director of City Planning and Development Department
COMMITTEE SUBSTITUTE
Accepting a Supplemental Revolving Loan Fund Grant from the U.S. Environmental Protection Agency to increase capitalization of the Kansas City Brownfield Revolving Loan Fund; estimating and appropriating revenue in the amount of $2,000,000.00 in certain Brownfield Revolving Loan Funds; authorizing the execution of an amended cooperative agreement with the U.S. Environmental Protection Agency; and requiring certain terms for contracts distributing funds appropriated by this ordinance.
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WHEREAS, the City accepted a Brownfield Cleanup Revolving Loan Fund ("Brownfield RLF") grant in 2000 from the U.S. Environmental Protection Agency ("EPA") in the amount of $500,000.00 as authorized by Ordinance No. 001210; and
WHEREAS, the City created the Kansas City Brownfield RLF Program to make loans and subgrants of RLF grant funds for the cleanup of Brownfield sites in Kansas City, Missouri; and
WHEREAS, the City in the years 2007, 2010, 2012, 2014, 2015, 2016, 2018, 2019, 2022, 2023 and 2024 accepted additional funding from EPA in a total amount of $14,483,826.00 to increase capitalization of the Kansas City Brownfield RLF, as authorized by Ordinance Nos. 070894, 100138, 120849 and 140732, Resolution No. 150693, and Ordinance Nos. 160539, 180581, 190633, 190773, 220630, 230488 and 240546 respectively; and
WHEREAS, the Brownfield RLF program is an important source of capital that can be used to provide low-interest loans and subgrants to finance the cleanup of abandoned and underutilized properties, and help create jobs and new economic opportunities, especially for economically distressed, historically underserved and disproportionately burdened communities in Kansas City; and
WHEREAS, EPA has selected the City to be awarded an additional Supplemental RLF ...
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