w5 PR Brownfields 1999 Revolving Loan Fund Pilot Fact Sheet Hennepin County, MN EPA Brownfields Initiative EPA's Brownfields Program empowers states, communities, and other stakeholders to work together to prevent, assess, safely clean up, and sustainably reuse brownfields. A brownfield site is real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. On January 11, 2002, President George W. Bush signed into law the Small Business Liability Relief and Brownfields Revitalization Act. Under the Brownfields Law, EPA provides financial assistance to eligible applicants through four competitive grant programs: assessment grants, revolving loan fund grants, cleanup grants, and job training grants. Additionally, funding support is provided to state and tribal response programs through a separate mechanism. Background Hennepin County contains one-quarter of Minnesota's population (1,050,000) and includes the city of Minneapolis and 44 suburbs. With a proud past as an important part of the river and rail corridor systems of the upper-midwest, Hennepin County must now contend with contamination at many former industrial and commercial sites. Many parcels of land in Hennepin County are unavailable for redevelopment due to the contamination resulting from previous industrial land uses this century. These sites reduce the County's property tax valuation and its overall quality of life, and inhibit efforts to retain and attract commercial and industrial businesses. Hennepin County's Brownfield Cleanup Revolving Loan Fund (BCRLF) targets sites throughout the County, with priority consideration for sites within Minneapolis' Empowerment Zone, and special designated districts such as hazardous waste districts, which are tax increment financing districts. In September 1999, the U.S. EPA issued a cooperative agreement in the amount of $500,000 to Hennepin County to establish and fund the BCRLF. In June, 2001, the U.S. EPA awarded an additional $500,000 to Hennepin County to expand the BCRLF. The objective of the BCRLF is to provide low-interest loans to clean up brownfield sites in Hennepin County. Eligible borrowers Pilot Snapshot Date of Announcement: 10/01/2001 Amount: $240,000 to $450,000 Profile: The Hennepin County BCRLF will make their second loan of $240,000 loan to Housing Partners-Lofts LLC . Contacts For further information, including specific grant contacts, additional grant information, brownfields news and events, and publications and links, visit the EPA Brownfields Web site (http ://www .epa.gov/brownfields). EPA Region 5 Brownfields Team (312)886-7576 EPA Region 5 Brownfields Web site (http://www.epa.gov/R5Brownfields) Grant Recipient: Hennepin County, MN Hennepin County BCRLF Project Coordinator (612)348-9938 " U.S. EPA OSWER Outreach and Special Projects Staff (202) 260-4039 Activities Hennepin County will serve as lead agency and will contract with the Community Reinvestment Fund (CRF) as fund manager. The CRF has been providing financial services to government entities for the past decade. The Minnesota Pollution Control Agency will assist the pilot in carrying out its site management responsibilities. Hennepin County is partnering with the State of Minnesota's Department of Trade and Economic Development (DTED), the Metropolitan Council, the Minneapolis Community Development Corporation, and other interested organizations to enhance the leveraging possibilities of the BCRLF. The DTED has a contamination cleanup grant program that awards up to United States Environmental Protection Agency Washington, DC 20450 Solid Waste and Emergency Response (5105T) EPA 500-F-02-028 Jun 02 ------- include private, for profit businesses, non-profit businesses and public entities (excluding State and Federal agencies and the University of Minnesota). Through the BCRLF, Hennepin County has up to $875,000 available to loan to public or private entities for the cleanup of contaminated lands. BCRLF loans are available for the cleanup of soils and ground water affected by the release of non-petroleum contaminants. The Hennepin County Brownfields Cleanup Revolving Loan Fund will make its second loan to Housing Partners III-Lofts, LLC, for an initial amount of $240,000 with provision to increase the loan amount to $450,000. The loan funds will be used for the cleanup of one city block located northeast of the intersection of 1st Avenue NE and Main Street, NE in Minneapolis. The site falls within the Nicollet Island/East Bank neighborhood and within the larger University community of Minneapolis. Greater than 40% of the population in this neighborhood is below the poverty level. 75 percent of the cleanup costs to eligible public jurisdictions. Hennepin County will use BCRLF loans in conjunction with the State 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. The information presented in this fact sheet comes from the grant proposal; EPA cannot attest to the accuracy of this information. The cooperative agreement for the grant has not yet been negotiated. Therefore, activities described in this fact sheet are subject to change. United States c Environmental anri Fmpflpn™ EPA 500-F-02-028 _ . . and Emergency . __ Protection Agency Response (5105T) Jun 02 Washington, DC 20450 ^ v ' ------- w5 PR Brownfields 1999 Revolving Loan Fund Pilot Fact Sheet Hennepin County, Minnesota BCRLF Pilot Project EPA Brownfields Initiative EPA's Brownfields Program empowers states, communities, and other stakeholders to work together to prevent, assess, safely clean up, and sustainably reuse brownfields. A brownfield site is real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. On January 11, 2002, President George W. Bush signed into law the Small Business Liability Relief and Brownfields Revitalization Act. Under the Brownfields Law, EPA provides financial assistance to eligible applicants through four competitive grant programs: assessment grants, revolving loan fund grants, cleanup grants, and job training grants. Additionally, funding support is provided to state and tribal response programs through a separate mechanism. Background Hennepin County contains one-quarter of Minnesota's population (1,050,000) and includes the city of Minneapolis and 44 suburbs. An important part of the river and rail corridor systems of the upper-midwest, Hennepin County must now contend with contamination, or perceived contamination at many former industrial and commercial sites. These sites reduce the County's quality of life and property tax valuations, and inhibit efforts to retain and attract commercial and industrial businesses. In September 1999, the U.S. EPA selected Hennepin County to receive a $500,000 Brownfields Cleanup Revolving Loan Fund (BCRLF) Pilot. The BCRLF Pilot will provide low-interest loans to clean up brownfields sites in Hennepin County. Eligible borrowers will include private, for-profit businesses, non-profit businesses and public entities. Hennepin County's BCRLF targets sites throughout the County, with priority consideration given to sites within Minneapolis' Empowerment Zone, and within special designated districts such as hazardous waste districts, which are tax increment financing districts. Pilot Snapshot Date of Announcement: 05/25/1999 Amount: $240,000 to $450,000 Profile: Hennepin County is making a $240,000 loan to Fire Barn Associates, LLC for the cleanup of property located near the intersection of East Hennepin Ave., and University Ave., NE, Minneapolis. . Contacts For further information, including specific grant contacts, additional grant information, brownfields news and events, and publications and links, visit the EPA Brownfields Web site (http ://www .epa.gov/brownfields). EPA Region 5 Brownfields Team (312)886-7576 EPA Region 5 Brownfields Web site (http://www.epa.gov/R5Brownfields) Grant Recipient: Hennepin County, MN Hennepin County BCRLF Project Coordinator (612)348-9938 " U.S. EPA OSWER Outreach and Special Projects Staff (202) 260-4039 Activities Hennepin County is the lead agency for the BCRLF program and will also serve as fund manager for the program. The Program is administered by the Hennepin County Department of Environmental Services (DES). All sites receiving loan funds from the BCRLF are required to enroll in the Minnesota Pollution Control Agency's (MPCA's) Voluntary Investigation and Cleanup (VIC) Program. The MPCA also will serve as site manager for the Hennepin County BCRLF. Hennepin County DES is the heart of Hennepin County's brownfields programs. The Contaminated United States Environmental Protection Agency Washington, DC 20450 Solid Waste and Emergency Response (5105T) EPA 500-F-01-002 May 01 ------- Lands Unit of the Hennepin County DES was created in 1996 and seeks to strengthen urban communities by returning vacant and under-utilized contaminated lands to productive use, thereby retaining and creating jobs and reducing urban sprawl. Fire Barn Associates, LLC, which is part of a greater real estate development enterprise known as HuntGregory, LLC, is the borrower for this project. Fire Barn Associates, LLC has teamed with the United States Department of Housing and Urban Development, the Minnesota Pollution Control Agency, the Minnesota Department of Health, the Minnesota Department of Trade and Economic Development, Hennepin County DES and the Metropolitan Council to revitalize the neighborhoods by cleanup of environmental hazards and by construction of housing units and commercial retail and office space. Hennepin County is making a $240,000 BCRLF loan to Fire Barn Associates, LLC for the cleanup of property located near the intersection of East Hennepin Avenue and University Avenue, NE, Minneapolis. The loan documents provide for the loan to increase up to $425,000 should additional funds be needed to address environmental issues associated with the cleanup. The site falls within the Nicollet Island/East Bank neighborhood and within the larger University community of Minneapolis. More than 40% of the population in this neighborhood is below the poverty level. The properties that comprise Block 40 and Block 41, Saint Anthony Falls Addition to Minneapolis near the intersection of East Hennepin Avenue and University Avenue, NE, Minneapolis, include a former car dealership and associated automotive service and body work facilities. The car dealership and predecessor dealerships involved retail sales, storage of new cars both inside buildings and on paved surfaces surrounding the buildings, automobile service facilities, and body and collision repair services. The dealership and associated service garage were located on Block 40. The dealership has been vacant for a number of years. The existing building housing the "Collision Center" (body shop) on Block 41 was constructed in 1951. The auto-body and collision repair services facility was in operation until a few months ago. A small filling station was constructed on Block 41 in 1947 and demolished between 1983 and 1993. The surrounding area is characterized by mixed land use. Surrounding property includes a variety of industrial, commercial, and retail facilities, as well as high-density residential. The area has been developed for over 150 years, as the area around St. Anthony Falls United States Environmental Protection Agency Washington, DC 20450 and Emergency Response (5105T) Solid Waste EPA 500-F-01-002 May 01 ------- was a commercial hub during the early development of the City of Minneapolis. Site investigations conducted in 1999 and 2000 indicate that historic activities at the site have resulted in a release of poly-nuclear aromatic hydrocarbons (PAHs) to site soils. Chemical analyses showed PAHs present in the fill at levels above Minnesota Pollution Control Agency (MPCA) human health based screening criteria. Contaminated fill was found on both blocks of the site, and it is not clear where the contaminated fill originated, however, it appears that it would have been placed at the site sometime between 1940 and 1950. Contaminants include PAHs in soil from historic fill that was used to raise the grade of Block 41 and PAHs in fill from a building foundation on Block 40. Petroleum contamination from a former underground storage tank leaksite (closed by the Minnesota Pollution Control Agency) and chlorinated solvents are also present in the soil and groundwater. In order to redevelop the site, fill will be excavated to an average depth of 5 feet on Block 41 and 13 feet on Block 40, amounting to 25,000 tons of contaminated soil. This contaminated soil will be transported to an off-site disposal facility. Following cleanup, Fire Barn will construct a $30-million redevelopment complex that will include 30 affordable housing units, 48 townhomes, 15,000 square feet of commercial/retail space and 30,000 square feet of commercial/office space. The $240,000 BCRLF loan will return over $30 million in development and create over 275 full time, permanent jobs. The information presented in this fact sheet comes from the grant proposal; EPA cannot attest to the accuracy of this information. The cooperative agreement for the grant has not yet been negotiated. Therefore, activities described in this fact sheet are subject to change. United States Environmental Protection Agency Washington, DC 20450 and Emergency Response (5105T) Solid Waste EPA 500-F-01-002 May 01 ------- w5 PR Brownfields 1999 Revolving Loan Fund Pilot Fact Sheet Hennepin County, MN EPA Brownfields Initiative EPA's Brownfields Program empowers states, communities, and other stakeholders to work together to prevent, assess, safely clean up, and sustainably reuse brownfields. A brownfield site is real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. On January 11, 2002, President George W. Bush signed into law the Small Business Liability Relief and Brownfields Revitalization Act. Under the Brownfields Law, EPA provides financial assistance to eligible applicants through four competitive grant programs: assessment grants, revolving loan fund grants, cleanup grants, and job training grants. Additionally, funding support is provided to state and tribal response programs through a separate mechanism. Background Several hundred contaminated sites are located throughout the county. As part of the upper mid-west rail and river corridors, Hennepin County is experiencing the effects of the contamination of these former commercial and industrial sites. Many parcels of land in Hennepin County are unavailable for redevelopment because of the existence of contaminated soil. Most of this contamination relates to industrial land uses earlier this century. These sites reduce the County's property tax valuation, its overall quality of life, and inhibit efforts to retain and attract commercial and industrial businesses. Hennepin County's BCRLF targets sites throughout the County, with priority consideration for sites within the Minneapolis Empowerment Zone (EZ), and brownfields sites designated as special districts such as hazardous waste districts, tax increment financing districts. The unemployment rate in the Minneapolis EZ is 14 percent and 45 percent of residents are not in the labor force. Hennepin County is a Brownfields Assessment Pilot. Pilot Snapshot Date of Announcement: 05/25/1999 Amount: $500,000 Profile: Sites throughout the County, with priority consideration for sites within the Minneapolis Empowerment Zone, sites designated as special districts, and sites situated in disadvantaged communities. Contacts For further information, including specific grant contacts, additional grant information, brownfields news and events, and publications and links, visit the EPA Brownfields Web site (http ://www .epa.gov/brownfields). EPA Region 5 Brownfields Team (312)886-7576 EPA Region 5 Brownfields Web site (http://www.epa.gov/R5Brownfields) Grant Recipient: Hennepin County, MN Hennepin County BCRLF Project Coordinator (612)348-9938 " U.S. EPA OSWER Outreach and Special Projects Staff (202) 260-4039 Objectives Hennepin County will use BCRLF as an incentive to stimulate the cleanup of the underutilized properties scattered throughout the county. The BCRLF will provide gap financing flexibility that will be used to leverage additional private and public funding. The BCRLF loans also will be used in aid of projects where non-tax generating uses including greenspace redevelopment are planned, and as a funding source for non-profit organizations to cleanup brownfields. Eligible borrowers may include private for-profit businesses, private non-profit businesses, and local public entities. United States Environmental Protection Agency Washington, DC 20450 Solid Waste and Emergency Response (5105T) EPA 500-F-99-073 May 99 ------- Activities Fund Structure and Operations Hennepin County will serve as lead agency and will contract with the Community Reinvestment Fund (CRF) as fund manager. The CRF has been providing financial services to government entities for the past decade. The Minnesota Pollution Control Agency will assist the pilot in carrying out its site management responsibilities. Hennepin County is partnering with the State of Minnesota's Department of Trade and Economic Development (DTED), the Metropolitan Council, the Minneapolis Community Development Corporation, and other interested organizations to enhance the leveraging possibilities of the BCRLF. The DTED has a contamination cleanup grant program that awards up to 75 percent of the cleanup costs to eligible public jurisdictions. Hennepin County will use BCRLF loans in conjunction with the State program. The information presented in this fact sheet comes from the grant proposal; EPA cannot attest to the accuracy of this information. The cooperative agreement for the grant has not yet been negotiated. Therefore, activities described in this fact sheet are subject to change. United States Environmental Protection Agency Washington, DC 20450 and Emergency Response (5105T) Solid Waste EPA 500-F-99-073 May 99 ------- |