/!T^. Brownfields 2000 Revolving Loan Fund Pilot Fact Sheet Carson, CA 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 Prior to its incorporation in 1968, the landscape of the City of Carson, California was dominated by heavy industrial operations, junkyards, and landfills. As a result, a number of properties now exist with contaminated soil and groundwater. Carson is an EPA Brownfield Assessment Pilot, and is currently identifying and characterizing brownfield sites with a high potential for redevelopment. Carson's BCRLF is targeting the City's identified redevelopment areas. Pilot Snapshot Date of Announcement: 05/01/2000 Amount: $500,000 Profile: City redevelopment areas Carson, California 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 9 Brownfields Team (415)972-3091 EPA Region 9 Brownfields Web site (http ://www .epa.gov/region9/brownfields) Grant Recipient: City of Carson,CA (310) 830-7600 ext 1000 Objectives The objectives of Carson's BCRLF are to: • Provide a model for success for brownfields remediation and revolving loan fund financing procedures; • Attract greater interest and additional seed capital to conduct long-term redevelopment; • Assume a leadership role in California's Voluntary Cleanup Program and assist other California communities in replicating success; • Solicit the participation of involved stakeholders and provide technical assistance to facilitate cleanup; and • Provide a viable financing source at below market rates that will attract private capital and result in sustainable cleanup and reuse efforts. • Carson's BCRLF will give preference to projects located in the City's redevelopment areas or that are on the City's Brownfields Assessment Pilot priority list. United States c Environmental anri Fmpflpn™ EPA 500-F-00-141 nil- a ancl Emergency .. __ Protection Agency Response (5105T) MaV00 Washington, DC 20450 ^ v ' ------- Activities Fund Structure and Operations The City of Carson's Community Development Department (CDD) will serve as the lead agency. The CDD will share fund manager duties with the National Development Council (NDC). NDC will evaluate loan applications in accordance with the City's underwriting criteria. The appropriate environmental regulatory agencies, such as the California EPA Department of Toxic and Substance Control and the California Regional Water Quality Control Board, will act as site managers. All of Carson's $500,000 BCRLF award will be allocated for loans. To leverage the BCRLF, Carson plans to pursue US Department of Housing and Urban Development Brownfields Economic Development Initiative grants, Section 108 loans, and Community Development Block Grant funds, as well as US Department of Commerce Economic Development Administration grants. The City also has redevelopment tax increment funds that can be used to leverage cleanup efforts within the City's redevelopment areas. The City will contribute significant resources to administer the fund. 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 Environmental Protection Agency Washington, DC 20450 and Emergency Response (5105T) Solid Waste EPA 500-F-00-141 May 00 ------- |