Brownfields 1999 Revolving Loan Fund Pilot * Fact Sheet \WJ Franklin Regional Council of Governments, Massachusetts (Coalition with Towns of Colrain and Greenfield) 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 The Franklin Regional Council of Governments (FRCOG) has formed a coalition with the Towns of Colrain and Greenfield for the BCRLF program. Greater Franklin County is one of the most rural and also one of the most economically distressed areas in Massachusetts. The Town of Greenfield, with a population of 18,700, has experienced significant decline in its industrial base over the last twenty years. Many businesses have moved out of Greenfield because there are no available industrial sites or land. This has created a loss of jobs and pressures the Town to use prime farmland for industrial purposes. The Town of Colrain, with a population of just 1,760, recently lost its major employer (and 160 jobs) and largest taxpayer. Both Colrain and Greenfield are Brownfields Assessment Pilots and have identified multiple sites that are ready for cleanup and remediation activities under the BCRLF. Pilot Snapshot Date of Announcement: 05/25/1999 Amount: $1,000,000 Profile: Two abandoned tool and die manufacturing buildings; demolition of the Upper Mill site, a burnt-out building; and the AF&F mill complex 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 1 Brownfields Team (617)918-1424 EPA Region 1 Brownfields Web site (http://www.epa.gov/regionl/brownfields) Grant Recipient: Franklin Regional Council of Governments,MA (413)774-3167 ext 103 Objectives The objectives of Colrain and Greenfield's BCRLF are to: • Clean up, reuse, and redevelop brownfields sites Restore and enhance local tax bases • Create jobs • Provide clean industrial sites to enable growing businesses to stay in the local communities • Educate the banking community to stimulate participation in brownfields projects • Protect critical water resources • Develop and sustain financial resources and tools to address brownfields issues locally • Preserve rural communities Potential sites for cleanup include: • Greenfield Tap & Die Plant - an abandoned 145,000 square foot machine tool manufacturing United States Environmental Protection Agency Washington, DC 20450 Solid Waste and Emergency Response (5105T) EPA 500-F-99-062 May 99 ------- plant • Winer site - a former tool and die manufacturing building on a 1-acre parcel in a mixed commercial/residential area to be reused for flood control purposes • Upper Mill site - demolition of a burnt-out building to enable expansion of an adjoining manufacturing facility and possible use of a portion of the site for wastewater treatment • AF&F mill complex - for re-use by another manufacturing facility that is currently land-locked Activities Fund Structure and Operations FRCOG will serve as lead agency and fund manager. The Massachusetts Department of Environmental Protection will assist the pilot in carrying out its site management responsibilities. The Pilot will receive a $1 million award. Initial loans are expected to be in the $250,000 to $425,000 range. FRCOG is the local lead agency coordinating Massachusetts' Economic Development Incentive Program for the Greater Franklin County Economic Target Area, including Colrain and Greenfield. Through this program, local communities can offer eligible projects tax increment financing, local real estate tax incentives, and access to state tax incentives for qualified businesses. Three local banks have agreed to provide in-kind services, specifically loan review and analysis. The applicant has identified many additional sources of potential state and Federal funding, including, but not limited to, the Brownfields Economic Development Initiative, the Section 108 Loan Guarantee program, the Massachusetts Community Capital Fund, and Massachusetts Small Cities CDBG 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 Environmental Protection Agency Washington, DC 20450 and Emergency Response (5105T) Solid Waste EPA 500-F-99-062 May 99 ------- vss, % PB0^- Brownfields 1999 Revolving Loan Fund Pilot * Fact Sheet Franklin Regional Council of Governments, Massachusetts 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 EPA selected the Franklin Regional Council of Governments (FRCOG) in a coalition with the Town of Colrain and the City of Greenfield, MA for a Brownfields Cleanup Revolving Loan Fund (BCRLF) Pilot in September 1999. Under this program, EPA provided the FRCOG with $1,000,000 to capitalize its revolving loan fund. Using the BCRLF Pilot funds, the FRCOG will provide loans to public and private parties for the purpose of cleaning up brownfields sites in the two municipalities. Each municipality is eligible for up to $500,000 to be spent in their community. The FRCOG is making its first loan to Colrain, a rural community of 1,757 people in Western Massachusetts. The Town suffered the loss of its major employer and largest taxpayer in 1996. More than half of the residents in Colrain (56%) are classified as low to moderate income. According to the 1990 census, Colrain had a 10.8% poverty rate which was 36% higher than surrounding communities in Franklin County and 21% higher than the poverty rate for Massachusetts as a whole. This BCRLF loan represents the first step in brownfields redevelopment in Colrain. In July 1998, EPA selected the Town of Colrain for a Brownfields Demonstration Assessment Pilot. Colrain also received supplemental funding support for that pilot. Pilot Snapshot Date of Announcement: 05/25/1999 Amount: $200,000 Profile: Town of Colrain, Upper Mill complex: 5.75 acres located on the east side of the North River. 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 1 Brownfields Team (617)918-1424 EPA Region 1 Brownfields Web site (http://www.epa.gov/regionl/brownfields) Grant Recipient: Franklin Regional Council of Governments,MA (413)774-3167 ext 103 Activities The FRCOG is the lead agency for the BCRLF pilot and will also serve as fund manager. The Massachusetts Department of Environmental Protection (MADEP) will assist the FRCOG by providing brownfields site management services. U.S. EPA will provide funding (as part of the original BCRLF award to FRCOG) to the MADEP through a Cooperative Agreement for these services. The FRCOG has entered into a Memorandum of Agreement with the MADEP that outlines respective roles and responsibilities. The Town of Colrain is the BCRLF borrower for this project. Under eminent domain authority, the Town took ownership of the Upper Mill Complex property in the fall of 2000. The Town will conduct abatement and removal of environmental contamination as well as demolition of the existing buildings on the property using both BCRLF loan funds and a grant from the Massachusetts Department of Housing and Community Development (DHCD), as appropriate. BCRLF loan United States c Environmental anri Fmpflpn™ EPA 500-F-99-062 nil- a ancl Emergency .. Protection Agency Response (5105T) MaV99 Washington, DC 20450 ^ v ' ------- funds will be used for removal activities at the site, including demolition and site preparation as part of the site cleanup. A second phase of cleanup may ensue following completion of the first phase and pending further investigation. The FRCOG will loan the Town of Colrain $200,000 at 2.5% interest for a 10 year loan term for the cleanup of the site. The DHCD also will provide a grant of $590,000. The Upper Mill complex is a parcel totaling 5.75 acres located on the east side of the North River and situated in a mixed use area. It is a configuration of several connected, fire-ravaged brick and masonry buildings that total over 61,000 square feet that were built around 1900. All buildings are abandoned due to health and safety concerns. Several buildings are structurally unsound. The Upper Mill complex was previously used by Kendall Mills as part of its manufacturing, bleaching and dyeing operations. Phase I and Phase II investigations were completed in 1999 & 2000 by Environmental Compliance Services and SEA Consultants as part of Colrain's Site Assessment Demonstration Pilot. These investigations of the insides of the buildings discovered friable and ambient asbestos, boiler ash containing arsenic and lead, poly-cyclic aromatic hydrocarbons, metals that include arsenic, lead, mercury, chromium, and selenium and silver found in a manufacturing related "black sand" throughout the building. Much of this contamination has been classified as hazardous waste and exceeds MADEP reportable concentrations. Also found were 55 gallon drums containing waste oil contaminated with volatile organic compounds and transformers and electrical switches thought to contain PCB-contaminated oils. The contamination on the site is believed to be from the former industrial and manufacturing operations. Removal of friable asbestos and hazardous materials as well as demolition of the existing buildings will allow for further site investigation activities underneath the buildings using Colrain's Assessment Demonstration Pilot. This will determine if any additional cleanup is needed. If additional cleanup is necessary, Colrain or a developer may seek additional FRCOG BCRLF loan funds. A local business has expressed strong interest in expanding its manufacturing operations onto the property following cleanup. Use of BCRLF Pilot funds must be in accordance with CERCLA, and all CERCLA restrictions on use of funding also apply to BCRLF funds. United States Environmental Protection Agency Washington, DC 20450 and Emergency Response (5105T) Solid Waste EPA 500-F-99-062 May 99 ------- 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-99-062 May 99 ------- |