Clean it Up! Missouri Brownfields Revolving Loan Fund Missouri - - PowerPoint PPT Presentation

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Clean it Up! Missouri Brownfields Revolving Loan Fund Missouri - - PowerPoint PPT Presentation

Clean it Up! Missouri Brownfields Revolving Loan Fund Missouri Brownfields Revolving Loan Fund Support for Cleanup Activities Loans and Subgrants Petroleum and Hazardous Substance Contamination Missouri Brownfields Revolving Loan Fund


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SLIDE 1

Missouri Brownfields Revolving Loan Fund Missouri Brownfields Revolving Loan Fund

Clean it Up!

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SLIDE 2

Missouri Brownfields Revolving Loan Fund

Support for Cleanup Activities

  • Loans and Subgrants
  • Petroleum and Hazardous Substance

Contamination

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SLIDE 3

Missouri Brownfields Revolving Loan Fund

Loans

  • No maximum

principal amount

  • Flexible and

Negotiable!

  • Available to

individuals, for-profit corporations, not-for- profit corporations, and governments or quasi-government agencies.

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SLIDE 4

Missouri Brownfields Revolving Loan Fund

Subgrants

  • $200,000 maximum

principal amount

  • Available to

political subdivisions, Indian Tribes and qualifying non- profit

  • rganizations
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SLIDE 5

Missouri Brownfields Revolving Loan Fund

$5,360,000

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SLIDE 6

Missouri Brownfields Revolving Loan Fund

How Do I Get Me Some of That?

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SLIDE 7

Missouri Brownfields Revolving Loan Fund

Pre-Application

  • Applicant and Property Eligibility

Determination

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SLIDE 8

Missouri Brownfields Revolving Loan Fund

Applicant Eligibility

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SLIDE 9

Missouri Brownfields Revolving Loan Fund

Site Eligibility

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SLIDE 10

Missouri Brownfields Revolving Loan Fund

Full Application

  • Credit Analysis and Financial

Evaluation

  • Application Review and Approval
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SLIDE 11

Missouri Brownfields Revolving Loan Fund

Evaluation Criteria

  • Community

Population

  • Community Median

Household Income

  • Environmental

Conditions

  • Threat of Danger
  • Community

Revitalization

  • Community Need
  • Likelihood of

Redevelopment

  • Funding
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SLIDE 12

Missouri Brownfields Revolving Loan Fund

Subgrants (or More Favorable Loan Terms)

  • Non-profit purpose
  • Community Need
  • Existing

Infrastructure

  • Green Design
  • Community Social

Goals

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SLIDE 13

Missouri Brownfields Revolving Loan Fund

BVCP Enrollment

  • All MBRLF projects must enroll in

MO DNR’s BVCP

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SLIDE 14

Missouri Brownfields Revolving Loan Fund

Community Involvement

  • ABCA
  • Community Input
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SLIDE 15

Missouri Brownfields Revolving Loan Fund

Cleanup!

  • Selection of Contractor
  • Final RAP
  • Reporting
  • Draw Request/Repayment
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SLIDE 16

Missouri Brownfields Revolving Loan Fund

Cleanup Complete!

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SLIDE 17

Missouri Brownfields Revolving Loan Fund

Want to be Next?

Kristin Allan Tipton kristin.allantipton@eiera.mo.gov EIERA P.O. Box 744 Jefferson City, MO 65102 (573)751-4919