Resolution No. 32-2017 - Amended Industrial Revolving Fund Plan

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Staff will determine whether the project will result in a significant adverse environmental impact. The applicant may be asked to submit additional documentation as necessary to make the determination. No activity shall be financed which would result in a significant adverse environmental impact unless that impact is to be mitigated to the point of insignificance. When necessary to ensure compliance, any required mitigation shall be made part of the loan conditions. Staff will determine whether the project involves new above -ground development within a floodplain based on a review of the proposed development against FEMA Flood Insurance Rate Maps. No activity shall be financed which would result in new above -ground development in a 100 year floodplain, per E.O. H 988. This determination will be made by reviewing the proposed development against FEMA Flood Insurance Rate Maps. Staff will determine whether the project will be located within or adjacent to any wetland area. The applicant may be required to provide wetland delineation information as necessary. No activity shall be financed which would result in alternation of any wetland or in any adverse impact on any wetland without consultation with the U.S. Department of the Interior Fish and Wildlife Service and, if applicable, a Section 404 Permit with the Army Corp. of Engineers shall be obtained. IRF staff shall notify the State Historic Preservation Officer (SHPO) of each approved loan that involves significant new construction and expansion and request and receive comments on the effect of the proposed activity on historic and archaeological resources prior to closing of the loan. In cases where the SHPO has recommended actions or has determined an adverse impact, the IRF and loan applicant must work with the SHPO to address any issues identified before the loan is closed. All loan applicants are required to provide information regarding whether or not there are hazardous materials such as EPA listed hazardous substances (40 CFR 300), leaking underground storage tanks, asbestos, polychlorinated biphenyls (PCB) or other hazardous materials present or adjacent to the affected property that have been improperly handled and have the potential of endangering public health. If deemed necessary, the loan applicant may be required to perform or provide evidence of performance of a Phase I Site assessment to identify possible sources of contamination, a Phase 11 Site Assessment to test soil and/or groundwater samples, and a Phase III Site Remediation involving mitigation of applicable contaminants. No activity shall be financed which involves unresolved site contamination issues. The loan applicant shall be responsible for working with the appropriate state environmental agency office to resolve any issues before any loan can be approved for the affected site. 29