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~Revitalizing the Heart of Montana~
EPA Brownfields Program.
Northern Rocky Mountain RC&D, in partnership with
Snowy Mountain Development
Corporation - Lewistown and
Montana Business Assistance Connection -
Helena (Central Montana Brownfields Coalition) was
awarded a $1.6 million dollar revolving loan fund grant
to provide loans and subgrants to support cleanup
activities for sites contaminated with hazardous
substances and petroleum. This grant covers 11
counties in Montana.
What is a Brownfields
site?
A Brownfields site definition as found in
Public Law 107-118 (H.R. 2869) - "Small Business
Liability Relief and
Brownfields Revitalization Act" signed into law January
11, 2002 is as follows:
"The
term "Brownfield site" means real property, the
expansion, redevelopment, or reuse of which may be
complicated by the presence or potential presence of a
hazardous substance, pollutant, or contaminant."
How Can We Help You?
Using the awarded RLF grant from EPA, the RC&D and it
Coalition Partners will lend money to public and private
borrowers to finance cleanup at Brownfields properties.
Terms of the loan will vary based on community support
for the project and the existing and projected viability
of the RLF portfolio. In general, sub-market loans are
available to pay for cleanup, amortized in such a way to
limit the upfront costs to the developer. Payments of
the principal and interest paid are made available to
future borrowers to complete site cleanup at Brownfield
sites.
A portion of the awarded
RLF grant can be provided as a subgrant to entities
eligible to apply for Brownfields grants. This includes
cities, counties, tribes, states, economic development
partners, and quasi-units of local government, but not
private developers. RLF subgrant applicants must own
the site for which they are seeking funding by the time
the subgrant is made. In addition, there is a subgrant
limit of $200,000 per site, and no more than 40% of the
total RLF award to the RC&D can be subgranted at any
given time.
RLF-funded cleanup
projects (loan or subgrant projects) require a 20% cost
share. The RC&D intends to satisfy this match
requirement on a project by project basis using
contributions of money from the borrower or subgrantee
and project eligible in-kind labor, materials, or
services.
RC&D and its Coalition Partners can work with you to
find creative ways to meet the match requirement.
For more information, please contact your regional
Central Montana Brownfields Coalition member.
Northern Rocky Mountain RC&D:
Ph: 406-582-5700 or
info@nrmrcd.org
Gallatin and Park Counties
Snowy Mountain
Development Corp:
Ph:406-535-2591 or
smdcexcd@midrivers.com
Fergus, Judith Basin, Golden Valley, Musselshell,
Petroleum, and Wheatland Counties
Montana Business
Assistance Connection:
Ph: 406-266-4370 or
bobert@mbac.biz
Meagher, Broadwater and Lewis and Clark Counties
© 2003 - 2008 Northern Rocky Mountain RC&D Area
“All
programs and assistance of the RC&D Council are
available without regard to race, color, national origin,
political beliefs, sexual orientation, and marital or family
status. Persons with disabilities who require alternative
means of communication of program information (Braille, large
print, audiotape, etc.) should contact the USDA’s TARGET Center
at (202) 720-2600 (voice and TDD).”
Northern Rocky Mountain RC&D - 502 South 19th, Suite
105, Bozeman, MT 59718 - 406-582-5700
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