City of Somerville header
File #: 190162    Version: 1
Type: Mayor's Request Status: Approved
File created: 9/17/2010 In control: City Council
On agenda: 9/23/2010 Final action: 5/26/2011
Enactment date: 5/26/2011 Enactment #: 190162
Title: Requesting acceptance of a supplemental increase in the Brownfields Cleanup Revolving Loan Program (BCRLF) of $400,000 from the Environmental Protection Agency.
Code sections: Grant/Gift -
Attachments: 1. BCRLF Grant 2010 ($400k) (staff report) 9-23-10 FINAL, 2. Amendment for Loan funds

  Agenda Text

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Requesting acceptance of a supplemental increase in the Brownfields Cleanup Revolving Loan Program (BCRLF) of $400,000 from the Environmental Protection Agency.

 

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Official Text

To the Honorable Board:

 

The City of Somerville has been awarded an additional grant in the amount $400,000 from the Environmental Protection Agency (EPA) to build upon the current Brownfield Community Revolving Loan Fund.  In 2009, the City loaned/granted $423,000 to two local projects and, as a result, the prior round of BCRLF funds have been fully utilized.  This new grant, which can be used as a loan to developers or as a sub-grant, will be a vital part of the City’s Brownfield Program going forward and will help redevelop brownfield sites for public benefit and economic development, city-wide.

 

In accordance with M.G.L. Chapter 44, Section 53A, which requires a vote of the Board of Aldermen for the expenditure of grants or gifts from the federal government and from a charitable foundation, private corporation, or an individual, or from the Commonwealth, a county or municipality or agency thereof, I request approval to expend this grant.

 

Sincerely,

 

Joseph A. Curtatone

Mayor