COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 220212
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Approving a Kansas City Brownfields Regional Coalition Revolving Loan Fund Program loan application submitted by Zhou B Art Center LLC for remediation of the former Crispus Attucks Elementary School in the aggregate amount of $500,000.00; and authorizing the Director of City Planning and Development to enter into an amended loan agreement and execute the necessary loan documents.
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WHEREAS, a Brownfields Revolving Loan Fund (RLF) Program has been established by the City of Kansas City, Missouri (the "City"), and the U.S. Environmental Protection Agency (EPA) has awarded Brownfields RLF grant funds to the City in the amount of $3,950,107.00, and the City has entered into Federal Cooperative Agreement No. BF-97700901 with EPA (the "Kansas City RLF"); and
WHEREAS, on October 1, 2020, the U.S. Environmental Protection Agency (EPA) awarded the City another RLF grant to a coalition of local governments consisting of the City; the Unified Government of Wyandotte County/Kansas City, Kansas; and Jackson County, Missouri in the amount of $800,000.00, and the City has entered into Federal Cooperative Agreement No. BF-97782201 with EPA ("the Coalition RLF"); and
WHEREAS, on October 9, 2020 the Kansas City Brownfields Commission (the "Commission") received the application of ZB AC, LLC to the Kansas City RLF Program for a loan in an amount up to $500,000.00 to abate asbestos containing materials, lead-based paint and other hazardous substances from the structure known as the former Crispus Attucks Elementary School, located at 1818 East 19th Street, Kansas City, MO 64108 (the "Site"); and
WHEREAS, on October 18, 2021, the Commission adopted Resolution 001-2021 recommending approval of an RLF loan to ZB AC, LLC from the Kansas City RLF in the amount of $300,000.00 to remediate the Site; and
WHEREAS, on November 4, 2021, finding all conditions of Resolution 001-2021 having been met, the Ci...
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