Authority discusses proactive uses for Local Brownfield Revolving Fund
Members discussed broadening LBRF guidelines to support upfront redevelopment costs, gap financing, Phase I assessments, and small grants; staff reported the current LBRF balance includes about $60,000 from ARPA and projected contributions beginning in the 2030s.
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At the March 26 meeting, Planning Director Katie Gruenberg outlined potential uses for the Local Brownfield Revolving Fund (LBRF) and said the fund’s current balance includes approximately $60,000 from ARPA funds. Ms. Gruenberg told the Authority that, in addition to the Kemmer Road project, two existing brownfield plans are expected to contribute to the fund over time.
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