United States
                  Environmental
                  Protection Agency
                  Washington, D.C. 20460
Solid Waste
and Emergency
Response  (5101)
EPA500-F-99-067
May 1999
www.epa.gov/brownfields/
 >>EPA   Brownfields Cleanup
                  Revolving  Loan  Fund  Pilot
                                                              Emeryville,  CA
 Outreach and Special Projects Staff (5101)
                     Quick Reference Fact Sheet
EPA's Brownfields Economic Redevelopment  Initiative is designed to empower states,  communities,  and other
stakeholders in economic redevelopment to work together in a timely manner to prevent, assess, safely clean up, and
sustainably reuse brownfields. A brownfield is a site, or portion thereof, that has actual or perceived contamination and
an active potential for redevelopment or reuse. EPA is funding: assessment demonstration pilot programs (each funded
up to $200,000 over two years), to assess brownfields sites and to test cleanup and redevelopment models; job training
pilot programs (each funded up to $200,000 over two years), to provide training for residents of communities affected
by brownfields to facilitate cleanup of brownfields sites and prepare trainees for future employment in the environmental
field; and, cleanup revolving loan fund programs (each  funded up to $500,000 over five years) to capitalize loan funds
to make loans forthe environmental cleanup of brownfields. These pilot programs are intended to provide EPA, states,
tribes, municipalities, and communities with useful information and strategies as they continue to seek new methods
to promote a unified approach to site assessment, environmental cleanup, and redevelopment.
BACKGROUND

Emeryville, Californiais burdened with substantial soil
and groundwater contamination, left behind with the
loss of its industrial base. The result is abandoned
buildings and industrial sites, dilapidation of the physical
environment,  poverty,  and unemployment.
Brownfields are scattered throughoutthe City, with 20
percent of the City's non-residential property vacant
and 40 percent underutilized. Most of Emeryville's
poor reside in East Emeryville, which includes the
BCRLF target areas (i.e.,Hollis Street, Park Avenue,
and the San Pablo Avenue Corridors). The median
income in these areas is lowerthanthe restofthe City.
The target areas also are home to predominantly more
minority residents than the rest of Emeryville. The City
was designated a Brownfields Assessment Pilot in
1996. Emeryville's BCRLF (CIERRA, Capital
Incentives  for  Emeryville's  Redevelopment and
Restoration) will be included in Emeryville's overall
brownfields program.

BCRLF OBJECTIVES

The City proposes to make CIERRA (BCRLF) loans
available citywide, with preference given to the target
areas and preferred project types (i.e., smaller sites in
less developed areas). CIERRA will be used for several
 PILOT SNAPSHOT
  Emeryville, California
Date of Announcement:
May 25,1999

Amount: $500,000

BCRLF Target Area:
The Hollis Street, Park
Avenue, and  San Pablo
Avenue Corridor areas; and
brownfields citywide
 Contacts:
 City of Emeryville
 (510) 596-4356
   Region 9 Brownfields
   Coordinator
   (415) 744-2237
      Visit the EPA Region 9 Brownfields web site at:
     www.epa.gov/region09/waste/brown/index.htm

    For further information, including specific Pilot contacts,
  additional Pilot information, brownfields news and events, and
  publications and links, visit the EPA Brownfields web site at:
          http://www.epa.gov/brownfields/

-------
BCRLF activities including: site control measures;
drainage and dust control; capping of soils; in-situ
remediation; excavation consolidation, removal, or
disposal of highly contaminated soils; removal of
containers with  hazardous materials;  and, where
necessary, one year of groundwater monitoring.

FUND STRUCTURE AND OPERATIONS

The City of Emeryville will serve as lead agency and
fundmanager. The City will designate a site manager
for the BCRLF. The duties of the fund manager will
be divided into four tasks: program development;
marketing; underwriting; and loan administration. It is
anticipated that 10 loans will be made in the first round
of BCRLF loans. The City is investigating use of cost
cap insurance for brownfields cleanup projects under
the CIERRA.

LEVERAGING

A portion of CIERRA funds will be used to serve as
loan guarantees, particularly forthe larger projects, and
be supplemented by other local, state, and federal
funds. The City of Oakland's Enterprise Zone was
recently expanded into Emeryville and the target areas
are within redevelopment proj ect areas, which allows
the City's Redevelopment Agency to use tax increment
proceeds for areaimprovements and for direct assistance
to developers. The City also will encourage borrowers
to consider eligibility under the Federal Brownfields
Tax Incentive program.
Use of BCRLF Pilot funds must be in accordance with
CERCLA, and all CERCLA restrictions on use of funding
also apply to BCRLF funds.
 Brownfields Cleanup Revolving Loan Fund Pilot                                       Emeryville, California
 May 1999                                                                      EPA 500-F-99-067

-------