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HomeMy WebLinkAboutAgenda Report - October 7, 2020 C-19AGENDA ITEM blq Crry or Lonr Courucrr CouvrulvrcATroN AGENDA TITLE: MEETING DATE: PREPARED BY: Adopt Resolution Accepting the U.S. Environmental Protection Agency Brownfields Community-Wide Assessment Grant and Appropriating Funds ($300,000) October 7,2020 Business Development Manager RECOMMENDED ACTION: Adopt Resolution Accepting the U.S. Environmental Protection Agency Brownfields Community-Wide Assessment Grant and appropriating funds in the amount of $300,000 BACKGROUND INFORMATION: The City of Lodiwas awarded its second Brownfields Community- Wide Assessment Grant in April, 2020 in the amount of $300,000. The new, second Community-Wide Assessment Grant project will build on the achievements of the FY 2015 CWA Grant project and continue revitalization assessment and studies on project sites already started to propel them towards reuse. Additionally, the new grant will update the brownfields inventory, and allow for new project sites with targeted areas to be identified, assessed and studied for reuse. The work plan emphasizes engaging the community in the brownfields assessment project's mission, and planning for revitalization. The Notice of Award is dated 0812012020. Private investment capital will go where it can get a relatively secure rate of return. Using brownfields assessment funds as public incentives to leverage private financing, especially in disadvantaged urban neighborhoods is a popular economic development and redevelopment toolfor cities to further promote investment in low and moderate-income urban areas. The cooperative grant agreement, general terms and conditions, workplan and budget are attached. The budget and project period are 1010112020 to 0913012023. The grant number is 98T09801. FISCAL IMPAGT: The grant awards $300,000 to the City of Lodiwhich funds projects on a reimbursement basis. FUND¡NG AVAILABLE:The acceptance of the funds will allow for the establishment of a Fiscal Year 20-21 appropriation. The grant funds will be available for a three year period. The 2020-2023 US EPA Brownfields Community-Wide Assessment Grant will have the following Revenue and Expense accounts: Revenue account: 27083000.56004 $300,000 Expense account: 27083000.72450 $300,000 Andrew Keys Andrew Keys Deputy City Manager/lnternal Services Director BA Trupovnieks Astrida Trupovnieks I haue_l APPROVED en City Manager