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Roseville — Cent Ventures (62 points) O0 -077 <br />Location- <br />2700 and 2750 Cleveland Avenue North <br />COLHICII District- <br />10 — Kris Sanda <br />Acres- <br />8.3 acres <br />Estimated Cieallllp <br />$684,388 for environmental investigation, asbestos abatement, soil re-III-ediation <br />cost: <br />and soil vapor mitigation of which $,381,988 is eligible for TBRA funding. <br />C-) <br />Funding request: <br />1 ,020 in TBRA funds. ($427,041 DEED) <br />FUnding previously awarded includes, $6,92,200 in fall 2005 and $350,000 in <br />spritig 2006 from TBRA and, $11,30�0,000 from DEED in fall 2005 for the larger <br />Twin Lakes redevelopment that included the current project site. Both grants <br />\verie -SUbsequently cancelled (Feb. 20107) after the earlier redevelo, p"ient plans <br />had been withdrawn. <br />Private Investment: <br />$334,0100,000 (plus additional $7'M in publ,ic investment foi- regional park and <br />r 'die facility is in negotiation) <br />t I <br />Increase in Net Tax <br />$ _3 86.4 7 5 <br />Capacity <br />Jobs: <br />_3 5 new FT E and 72 retained, F'"rE (The pr�gected Mln'iber of jobs expected were <br />di[SCOLInted. due to the lack of end user commitment. Y <br />Affordable 1-IOLIS1110 <br />NA <br />Pir JCCt S01111111,11-Y <br />The applicant is requesting iding and $427,041 fi#oni <br />$189 020 in TBRA fut 1 <br />1', ID for environmental investigation, asbestos abatemerit, soil remediction. <br />and so[[ vapor mitigation- on an 8.3--acre site formerly used as a commercial <br />tRIcking terminal. "I"he contamination of concern identified includes petroleum <br />contamination related to the forniel- UndergrOL[nd storage tanks (USTs) and <br />chlorinated solvents associated �vith regional ground water contamination. The <br />extent and location Of CUrrent petrOICLI11,71 impacts in the Surface so][ were <br />unclean based on the old data (1989) provided. Expected benefits InClUde the <br />development of a 123-unit extended stay hotel,, 54,000 sq. ft. of office space <br />and Ul) to 27,000 sq. ft. of office/retail space. (Funding <br />, prevIOLISly awarded <br />includes $692,200 1.n fall 2005 and $31510,000 in spring 2006 from TBRA and <br />$1 3010 mixed -use Twin Lakes <br />1 1,000 from DEED in fall of 2005 for a larger nnix I <br />redevelopment plan that IIICIUded the Current prQject site. Both grants were <br />sLibseqUently cancelled after the redevelopment plan. lead been withdrawn,) <br />"I"he TBRA recommendation is $1891,000, the full aM01.111t of the eligible TBRA <br />A <br />request. l'unds are to be used for asbestos abatement and soil vapor mitigation. <br />Removal and disposal of petroleum- impacted soil is considered a constrUC6011 <br />Contingency and i's not eligible for TBRA funding. <br />Selected Enviriomental Terrns: <br />ACM — Asbestos Contaliling Materials <br />B,aP — Benzo(a)Pyrene <br />DiCE — Difichlioroethylene <br />DiRO � Diesie�l Range OrganIcs <br />PAH — Polycyclic Aromatic <br />Hydrocarbons <br />PCB - Polychlorin�ated biphenyl <br />PCE — Tetrachloroethene (PERQ <br />SVOC — set-ni volatile organic <br />compounds <br />T — Trichloroethane <br />TCE — Thchloroethylene <br />VOC — volatile organic C0111POLInds <br />