Professional Services Agreement - Indiana Finance Authority Indiana Brownsfield Program

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In -kind services will be considered "investment" for matching funds only if such services are directly related to the SEP Recipient's project and/or work performed at the project site. Permanent jobs created at the redeveloped project site will receive a credit of $1,000 per job created. Temporary jobs (e.g., construction related) may not be counted. While not limited to the following, other potential investment can include costs associated with remediation, demolition, infrastructure, and construction. SEP Recipients have two years from the date of execution of their Agreement to demonstrate the required investment. SEP Funds not matched within the two-year period following execution of the Agreement with the Program will become a loan required to be repaid over a five year term. Requests for an extension of the investment deadline and an alternative investment credit (e.g., investment in adjacent properties) must be made in writing to the Program and will be evaluated on a case -by -case basis. The Program reserves the right to determine if the activities the SEP Recipient applies to this investment stipulation satisfy the requirement. A fact sheet on the investment requirement is available at l�itt :Hwww.brom,til°lelds.gn. o N,. 2. Competitive Bidding: SEP Recipients must demonstrate services to be reimbursed with SEP Funds have been/will be competitively bid. Professional services need to be procured in compliance with IC 5- 16-11.1, and activities other than professional services are required to be procured in compliance with IC 36-1-12. Program Project Managers may assist in developing bid specifications for work to be performed with SEP Funds. By signing a Disbursement Request Form when seeking reimbursement from the Authority, the SEP Recipient will be affirming that the invoiced services submitted for payment were bid pursuant to Indiana law. A competitive bidding fact sheet is available at bt.t :,,�mww.bl°ov�,nfields.in,gov. Ell Bible tjses of SEP Funds; Disbursement Procedures SEP Funds can be used for costs associated with eligible and approved assessment, cleanup and redevelopment activities ("Project Activities"). Costs eligible for SEP Funds include: • Inventory survey of brownfield sites • Phase I Environmental Site Assessments (ASTM E1527-05) • Phase II Environmental Site Assessments and related activities • Asbestos surveys • Lead -based paint surveys • Remediation Work Plan development • Soil, sediment and/or groundwater remediation activities • Asbestos abatement • Demolition of existing site structures • Habitat restoration • Construction of a cap to develop a walking/bike trail • Brownfield acquisition by a political subdivision • Supply a water purification system for a home with a contaminated drinking water well • Supply a vapor mitigation system to address contaminated indoor air Project Activities must be conducted consistent with IDEM's Risk Integrated System of Closure ("RISC") guidelines and local, state and federal regulations as applicable and in effect at the time the Program 4 Supplemental Environmental Project Guidelines Indiana Finance Authority November 10, 2008