191211

The City of Portland ordains:

Section 1. The Council finds:

1. The Bureau of Environmental Services (BES) received a $1 million grant from the US Environmental Protection Agency in 2011 under assistance agreement number BF-00J45201 to establish a Brownfield Revolving Loan Fund (RLF) for cleanup of contaminated properties, detailed in Ordinance 184877, passed by the Council September 21, 2011. 
    
2. The Brownfield RLF was used to make two grants and one loan in support of brownfield cleanup projects. BES began a process to close the Brownfield RLF in December 2021.
    
3. Repayment to the City of the one RLF loan will begin once certain conditions on the property are met.  A Closeout Agreement with EPA will govern post-closeout use of program income, allowing the City to revolve these funds for future brownfield work under terms established by EPA.

NOW, THEREFORE, the Council directs:

1. The Director of the Bureau of Environmental Services is authorized to execute a Closeout Agreement with EPA in a form similar to the agreement attached as Exhibit A.
2. The Director of the Bureau of Environmental Services is authorized to amend the Closeout Agreement provided such modifications will not increase the cost to the City.

Section 2.  The Council declares that an emergency exists because the RLF is now closed and EPA requires the signed Closeout Agreement without further delay; therefore, this Ordinance shall be in full force and effect from and after its passage by the Council.