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1.0 REQUEST FOR CITYCOLINCIL ACTION Approval: DATE: 6/27/00 ITEM NO: c-3 City Mana er Approval: Agenda Section: `�� - CONSENT Description: Resolution Providing the City Manager with the Authority to Execute Documents Regarding Acceptance and Administration of the US Environmental Protection Agency Brownfield Cleanup Revolving Loan Fund REQUESTED ACTION 1.1 The City of Roseville has been awarded $500,000 from the US Environmental Protection Agency to provide environmental clean up loans needed for the implementation of redevelopment within the Twin Lakes Redevelopment Area. 1.2 As part of that acceptance, the City is required to prepare a detailed work plan and execute several federal assistance forms pertaining to the grant. By approving the attached resolution the City is formally accepting the grant and authorizing the City Manager to execute the required federal assistance forms and administer the work plan. 2.0 BACKGROUND 2.1 As part of the ongoing efforts to collaborate with other agencies and access additional funding sources for the redevelopment of Twin Lakes, the City of Roseville submitted an application to EPA for $500,000 in cleanup funds. The City was eligible to apply for the funds as a previous EPA Brownfield Demonstration Pilot community. 2.2 The goal of the EPA Brownfield Cleanup Revolving Loan Fund is to provide low-interest loans to leverage funds for the cleanup and redevelopment of Brownfields. The City of Roseville's goals for use of the fund include: Offering an incentive for property owners to clean up their properties. Creating a funding source that will be available for unforeseen cleanup costs that may be identified during the assessment, cleanup and construction processes. Providing a source of matching funds for property owners and the City of Roseville necessary for accessing grants from other agencies such as the Minnesota Department of Trade & Economic Development. Partnering with local banks to create funding strategies for brownfields cleanup whenever possible, in order to leverage EPA funds and to encourage lending institutions to participate in environmental cleanup proj ects. 2.3 The US EPA notified the City of Rosevrlle on their selection of Roseville for the Brownfield Cleanup Revolving Loan Fund in a letter dated May 18, 2000 with the requirement to prepare a work plan and complete documents that constitute a cooperative RCA BCRLF Grant (6/27/2000) - Page 1 of 2