File #: 210988    Version: Name:
Type: Ordinance Status: Passed
File created: 10/25/2021 In control: Council
On agenda: 11/4/2021 Final action: 11/4/2021
Title: Estimating revenue in the amount of $200,000.00 and appropriating the same amount in the Kansas City Brownfields Revolving Loan Fund; approving a Kansas City Brownfields Revolving Loan Fund Program loan application submitted by ZB AC LLC for remediation of the former Crispus Attucks Elementary School in the aggregate amount of $300,000.00; authorizing the Director of City Planning and Development to execute the necessary loan documents; extending the performance periods under the Amended and Restated Performance Deed of Trust held by the City; and recognizing this ordinance as having an accelerated effective date.
Attachments: 1. Fact Sheet 1157, 2. Fiscal Note - Attucks School1, 3. Approp Admin - 1157a, 4. Approp Admin - 1157b, 5. Authenticated Ordinance 210988 C.S_
COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 210988

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Estimating revenue in the amount of $200,000.00 and appropriating the same amount in the Kansas City Brownfields Revolving Loan Fund; approving a Kansas City Brownfields Revolving Loan Fund Program loan application submitted by ZB AC LLC for remediation of the former Crispus Attucks Elementary School in the aggregate amount of $300,000.00; authorizing the Director of City Planning and Development to execute the necessary loan documents; extending the performance periods under the Amended and Restated Performance Deed of Trust held by the City; and recognizing this ordinance as having an accelerated effective date.

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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; and

WHEREAS, on October 16, 2020, the City's Brownfields Commission (the "Commission") adopted Resolution 002-2020 approving subject to preconditions an application submitted by ZB AC LLC to the Kansas City Brownfields RLF Program for a loan in the amount of $100,000 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 September 28, 2021 ZB AC LLC subsequently applied to increase the amount of the loan sought to an aggregate amount of $300,000.00, and

WHEREAS, on October 18, 2021, the Brownfields Commission adopted Resolution No. 001- 2021 recommending that the City Council approve an RLF Loan to ZB AC LLC in the amount of $300,000.00 for the cleanup of the Site ("RLF Loan"), subject to the preconditions that: (1) the EPA c...

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