Environmental Enlightenment #085
August 05, 2004

Here's the latest edition of Environmental Enlightenment - a SHORT, LIGHT and SIMPLE environmental newsletter. Its purpose is to inform and educate.

The online version can be viewed at:
http://www.amiadini.com/newsletters/environmental-enlightenment-085.html

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New Brownfield Funding!
The following information is copied from: http://www.cclr.org/new.html#reuse

The California Center for Land Recycling (CCLR) and the California Environmental Redevelopment Fund (CERF) are pleased to announce an innovative and smart program for funding brownfield site assessments.

Created by the Office of the State Treasurer, this new program provides low-interest, forgivable loans of up to $125,000 for brownfield site assessment and characterization, technical assistance, and remedial action planning. CERF and CCLR have been awarded the statewide contract to administer the program, known as the California Recycle Underutilized Sites (Cal ReUSE).

Eligible projects include sites with potential beneficial reuse not currently redeveloped due to lack of information about real or perceived contamination, uncertainty about clean-up costs, or concerns regarding timeframes and the regulatory process. Priority will be given to projects located in distressed neighborhoods with demonstrated community support.

Loan Terms:

  • Maximum loan amount of $125,000 per site
  • Minimum 15% cash match based on the loan amount
  • Processing Fee: 2% of loan amount
  • Maximum loan term 36 months
  • 1.73% interest rate (based on the State's Surplus Money Investment Fund earnings)
  • No interest payments required during the term of the loan
  • Loan may be forgiven by CERF/CCLR if the borrower, acting in good faith, fails to complete the project or proceed with development
  • Loan recipients may also be eligible for technical assistance from CCLR and additional financing from CERF for up to $5 million per project.

To request a loan packet or for more information please contact:

Diana Hayworth
California Center for Land Recycling
200 Pine Street, Suite 400
San Francisco, CA 94104
(415) 398-1080
diana.hayworth@cclr.org

Call me if you've got any questions. There are no obligations.


Ami Adini
Ami Adini & Associates, Inc.
Environmental Consultants
Underground Storage Tank Experts
323-913-4073; 323-667-2336 fax
 mail@amiadini.com
www.amiadini.com


Ami Adini is a mechanical engineer, California Registered Environmental Assessor, Level II, and president of AMI ADINI & ASSOCIATES, INC. (AA&A), an environmental consulting firm specializing in all phases of environmental site assessments, rehabilitation of contaminated sites and upgrading of underground storage tank facilities. AA&A supplies practical solutions to environmental concerns using the highest standards of ethics and integrity while providing its clients with maximum return on their investments.

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