Cooperative Agreement 96398701

DESCRIPTION:THIS AGREEMENT WILL PROVIDE FUNDING UNDER THE BIPARTISAN INFRASTRUCTURE LAW (ALSO KNOWN AS THE INFRASTRUCTURE INVESTMENT AND JOBS ACT; PUBLIC LAW 117-58) FOR THE REDEVELOPMENT AUTHORITY OF THE COUNTY OF MONTGOMERY, PENNSYLVANIA, TO RE-CAPITALIZE A REVOLVING LOAN FUND (RLF) AS AUTHORIZED BY COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION, AND LIABILITY ACT 104(K)(5)(A)(II) IN MONTGOMERY COUNTY, PENNSYLVANIA. BROWNFIELDS ARE REAL PROPERTY, THE EXPANSION, DEVELOPMENT OR REUSE OF WHICH MAY BE COMPLICATED BY THE PRESENCE OR POTENTIAL PRESENCE OF A HAZARDOUS SUBSTANCE, POLLUTANT, OR CONTAMINANT.ACTIVITIES:THE RECIPIENT WILL MAKE LOANS AND SUBGRANTS TO CLEAN UP BROWNFIELD SITE(S) AND CONDUCT OTHER NECESSARY ACTIVITIES TO PRUDENTLY MANAGE THE RLF. ADDITIONALLY, THE RECIPIENT WILL COMPETITIVELY PROCURE (AS NEEDED) AND DIRECT A QUALIFIED ENVIRONMENTAL PROFESSIONAL TO OVERSEE THE ENVIRONMENTAL SITE ACTIVITIES AND WILL CREATE A COMMUNITY INVOLVEMENT PLAN AND ADMINISTRATIVE RECORD FOR EACH SITE THAT IS REMEDIATED. THE RECIPIENT WILL REPORT ON PROGRAM INCOME, INTERIM PROGRESS, AND FINAL ACCOMPLISHMENTS BY COMPLETING AND SUBMITTING RELEVANT PORTIONS OF THE PROPERTY PROFILE FORM AND BROWNFIELDS RLF FORM USING EPA'S ASSESSMENT, CLEANUP AND REDEVELOPMENT EXCHANGE SYSTEM (ACRES). SUBRECIPIENT:SUBGRANT ACTIVITIES WILL CONSIST OF SITE-SPECIFIC REMEDIATION AND REMEDIATION MONITORING.OUTCOMES:THE RECIPIENT WILL ISSUE APPROXIMATELY 2-4 LOANS AND 2 SUB-GRANTS TO REMEDIATE 4-6 BROWNFIELD SITES, AND ANTICIPATES HOLDING COMMUNITY MEETINGS AS NEEDED, FINALIZING 5 ANALYSIS OF BROWNFIELD CLEANUP ALTERNATIVES, AND SUBMITTING 20 QUARTERLY REPORTS. WORK CONDUCTED UNDER THIS AGREEMENT WILL BENEFIT THE RESIDENTS, BUSINESS OWNERS, AND STAKEHOLDERS IN AND NEAR MONTGOMERY COUNTY, PENNSYLVANIA.