ORDINANCE NO. 240547
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Sponsor: Director of City Planning and Development Department
Authorizing the Director of City Planning and Development to apply for and accept supplemental funding from the U.S. Environmental Protection Agency to increase capitalization of the Kansas City Regional Brownfield Coalition Revolving Loan Fund; estimating and appropriating revenue in the amount of $1,000,000.00 in certain Brownfield Revolving Loan Funds; and authorizing the execution of an amended cooperative agreement with the U.S. Environmental Protection Agency.
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WHEREAS, the City accepted a Brownfields Revolving Loan Fund Coalition Grant ("Coalition RLF") in 2020 from the U.S. Environmental Protection Agency ("EPA") on behalf of coalition including Jackson County, Missouri and the Unified Government of Wyandotte County/Kansas City, Kansas, in the amount of $800,000.00 as authorized by Ordinance No. 200610; and
WHEREAS, in 2022, the City accepted additional funding from EPA in the amount of $1,000,000.00 to increase capitalization of the Kansas City Regional Brownfields RLF, as authorized by Ordinance No. 220631; and
WHEREAS, the City created the Kansas City Regional Brownfields Coalition RLF Program to make loans and subgrants of RLF grant funds for the cleanup of Brownfield sites in respective jurisdictions of the coalition members; and
WHEREAS, the Brownfield Coalition RLF is an important source of low-interest, partially-forgivable loan capital that can be used to finance the cleanup of abandoned and underutilized properties, to help create jobs and new economic opportunities for economically distressed communities in Kansas City; and
WHEREAS, the EPA has offered the City a Supplemental RLF Grant in the amount of $1,000,000.00 for the Coalition RLF Program conditional upon the submittal of an application for funding and the execution of a separate EPA Cooperative Agreement governing use of the funds...
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