6D(8) Brownfields Grant Agreement - former Studebaker Stamping Plant

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BROWNFIELDS CLEANUP REVOLVING LOAN FUND GRANT AGREEMENT THIS AGREEMENT (the "Agreement") is made and entered into on this day of 2010, by and between the City of South Bend, a municipal corporation organized under the laws of Indiana as a home rule city acting by and through its Board of Public Works, ( "City "), and the South Bend Redevelopment Commission ( "Commission "), existing and operating under the authority of Ind. Code § 36 -7 -14. RECITALS A. The City is the recipient of federal funds ( "Grant Funds ") distributed through the United States Environmental Protection Agency ( "EPA ") Brownfield Cleanup Revolving Loan Fund ( "RLF ") Program and is authorized to make certain grants from these funds. B. Grant Funds are to be used to undertake cleanup of brownfield sites, as defined in Section 101(39) of the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), 42 U.S.C. § 9601(39) (`Brownfield Sites "), by making low interest loans and grants to parties willing to undertake cleanup of these sites. C. The City and the Commission have entered into an agreement concerning the redevelopment of the former Studebaker manufacturing facilities located in downtown South Bend. Part of that redevelopment effort includes the former stamping plant property that was part of the former Studebaker facilities, (the "Property "), which consists of approximately 31.67 acres of land located within the City, more particularly described in Exhibit A. attached hereto and incorporated herein. D. The City has agreed to grant to the Commission certain of the Grant Funds which will be used by the Commission for a portion of the remediation of the Property (the "Remediation Work "). A "Remediation Work Plan" ( "Work Plan ") has been prepared and is attached hereto and incorporated herein as Exhibit B. E. An eligibility evaluation for the Property was prepared by the Commission on May 20, 2010, which demonstrates qualification of the Property for consideration of funding through the RLF Program, a copy of which is attached hereto and incorporated herein as Exhibit C. F. On January 19, 2010 the City forwarded to EPA its determination that the Commission is a separate legal entity distinct from the City and is eligible for a sub -grant in connection with an RLF grant from the City and on January 20, 2010 EPA accepted this determination. G. The Commission is not responsible for the contamination on the Property and the due diligence activities conducted prior to the Commission's purchase of the Property satisfy CERCLA's landowner liability protections and Section 10 1 (3 5)(B)(i)(I) of CERCLA.