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PROPOSED GRANT AWARD
Department: Environment and Sustainability
Grantee: Cook County Government
Grantor: U.S Environmental Protection Agency
Request: Authorization to accept grant
Purpose: To allocate funding for the Cook County Department of Environment and Sustainability (CCDES) to re-capitalize a revolving loan fund (RLF) aimed at providing loans and subgrants to support the cleanup of brownfield sites and conduct essential activities for prudent RLF management.
Grant Amount: $950,000.00
Grant Period: 10/1/2024 - 9/30/2029
Fiscal Impact: (FY 2024 $0.00); (FY 2025 $950,000.00)
Accounts: 11900.1161.54701.580170.00000.00000
Concurrences:
The Budget Department has received all requisite documents and determined the fiscal impact on Cook County, if any.
Summary: Brownfields are real property, the expansion, development or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. This grant provides funding under the Infrastructure Investment and Jobs Act (IIJA) to re-capitalize a revolving loan fund (RLF) for Cook County, Illinois. The funds will support loans and subgrants to remediate brownfield sites and perform essential RLF management activities.
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