ORDINANCE NO. 220630
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Authorizing the Director of City Planning and Development to apply for and accept a United States Environmental Protection Agency Brownfields Revolving Loan Fund (RLF) Supplemental Grant in the amount of $3,900,000.00; estimating and appropriating revenue in the amount of $3,900,000.00 in certain Brownfield Revolving Loan Funds; and authorizing the execution of a cooperative agreement with the U.S. Environmental Protection Agency.
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WHEREAS, the City accepted a Brownfields 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 Brownfields 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 2007 accepted supplemental funding from the EPA in the amount of $500,000.00 to increase capitalization of the Kansas City Brownfields Revolving Loan Fund as authorized by Ordinance No. 070894; and
WHEREAS, the City in 2010 accepted additional supplemental funding from the EPA in the amount of $600,000.00 and American Revitalization and Recovery Act funding in the amount of $560,000.00 to increase capitalization of the Kansas City Brownfields Revolving Loan Fund as authorized by Ordinance No. 100138; and
WHEREAS, the City in the years 2012, 2014, 2015, 2016, 2018 and 2019 accepted additional supplemental funding from the EPA in a total amount of $1,823,841.00 to increase capitalization of the Kansas City Brownfields Revolving Loan Fund, as authorized by Ordinance Nos. 120849 and 140732, Resolution No. 150693, and Ordinance Nos. 160539, 180581, 190633 and 190773, respectively; and
WHEREAS, the Brownfield RLF grant is an important source of low-interest, partially-forgivable loan capital that can be used to finance ...
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