Laserfiche WebLink
2.4 The City made applications to the agencies listed above in November 2005. The following <br />is a summary of the City request and amounts awarded. All of the agencies encouragedthe <br />City to make another request for funds in May 2006 based upon thd amounts unable to be <br />funded in November 2005. <br />Source Amount Re uested OS Amount Received <br />DEED $2,500,000 $1,300,000 <br />Met Council— TBRA $1,000,000 $692,200 <br />Ramse Coun — ERF $650,000 $650,000 <br />Totals: $4;150 :000 $2;642.200 <br />'. � The estimated budget for assessment & clean up costs associated with the 55 acres for the <br />Phase I, Stage 1 is over $8.7 million. That amount is reduced by the $2,642,200 received in <br />November 2005. However, the costs and gap in financing the project still remains. <br />Therefore, the following is being requested based upon the same proj ect area Phase I, stage 1 <br />of the Twin Lakes project as summarized below. <br />Source Amount Re uested Ma OC <br />DEED $1,200,000 <br />Met Council — TBRA $350 000 <br />Ramse Coun — ERF $450,000 <br />Totals: $2,000,000 <br />�.�a The coordinatedapplication process deadline for submission is May 1,2006. Only one full <br />application (using the DEED application) is necessary to be considered for all of the � <br />programs and each agency evaluates the application together. However, individual ~�i <br />resolutions are required for each different a�encv as well as cover pages and particular <br />agency information that is not included in the main DEED application. <br />�.I! STAFF RECOMMENDATION <br />:�_ L Staff recommends adoption of the attached resolutions in support of the application for <br />contamination funding for Twin Lakes Project, Phase 1, Stage 1 from State Department of <br />Employment and Economic Development (DEED) Contamination Cleanup Grant, <br />Metropolitan Council Tax Base Revitalization Account Grant, and Ramsey County <br />Environmental Response Action Fund. <br />�.� The contamination clean up of Twin Lakes and redevelopment of the area will benefit not <br />only the City but also have a positive impact on the state, metropolitan region and county. ' <br />Cleaningup one of the largest Brownfieldareas in the state provides an improved quality of �- <br />life for residents, improvements to the natural environment (including Langton Lake), and a <br />significant positive economic impact in new jobs, new residents and new taxes. <br />RCA TL Cleanup Grants (412410� - Page 2 of 3 <br />