\ UJ O / Brownfields Cleanup Revolving Loan Fund Pilot City of Taylor, Ml BACKGROUND The City of Taylor (population 66,000) is located 15 miles southwest of Detroit and encompasses an area of 24 square miles. Beginning in the 1950s, the township began to change from a rural to an urban community. Highway transportationimprovements put Taylor within a 20-minute drive of downtown Detroit. The city is now primarily residential and commercial, with light industrial parks in the northern part of the city. Low-income apartment housing was constructed in the southern and western portions of the city as part of the urban renewal program. Currently, almost 10 percent of city residents live in poverty. The city has identified over 34 properties as potential brownfields, resulting largely from landfills and illegal dumping. The city has been a brownfields redevelopment leader in the state and is a member of a successful Brownfields Assessment Pilot, the Downriver Area Brownfields Consortium. The Taylor Brownfields Redevelopment Authority was created in 1999 to promote revitalization of environmentally distressed areas and encourage private investment in redevelopment projects. BCRLF OBJECTIVES The city's goal is to return brownfields to productive use in order to further sustainable development and economic growth in the community. The BCRLF Pilot will focus on the I-94/Beverly and Lange Road sites within the City of Taylor. FUND STRUCTURE AND OPERATIONS The City of Taylor is the cooperative agreement recipient and will serve as the lead agency. Fund manager responsibilities will be shared by the Taylor Economic PILOT SNAPSHOT Date of Announcement: May 2002 Amount: $1,000,000 BCRLF Target Area: Lange Road and I-94/Beverly sites City of Taylor, Ml Contacts: Taylor Department of Economic Development (734)374-2733 Region 5 Brownfields Coordinator (312)886-7257 Visit the E PA Region 5 Brownfields web site at: http://www.epa.gov/R5Brownfields/ Forfurther information, including specific Pilotcontacts, additional Pilot information, brownfields news and events, and publications and links, visit the EPA Brownfields web site at: www.epa.gov/brownfields Development and Finance Departments. A site manager will be selected. LEVERAGING OTHER RESOURCES Potential sources of federal funding include the Department of Housing and Urban Development's Entitlement and ------- Community Development Block Grant programs. Potential sources of state funding include the Site Reclamation Program grants, Clean Michigan Initiative Brownfields Redevelopment grants, and the Site Revitalization Revolving Loan Fund. Tax increment financing can be used to repay developers for eligible brownfields redevelopment activities. The City of Taylor has established aLocal Revolving Loan Fund through the sale of redeveloped brownfields, and these funds are available for financing other brownfields cleanups in the city. In addition, the city, state, and private developers are expected to provide in-kind services to support brownfields redevelopment projects. Use of BCRLF Pilot funds must be in accordance with CERCLA, and all CERCLA restrictions on use of funding also apply to BCRLF funds. Solid Waste EPA 500-F-02-011 and Emergency May 2002 Response (5101) www.epa.gov/brownfields/ ------- |