Professional Services Agreement - Indiana Finance Authority Indiana Brownsfield Program

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Phase I Environmental Site Assessments: • An ASTM E 1527-13-compliant Phase I environmental site assessment and report Low -interest Loan and Supplemental Environmental Pro"acts: • Property acquisition (LIL only) • Inventory/survey of brownfield sites (SEP only) • Phase I and Phase 11 environmental site assessment • Preparation of a Remediation Work Plan • Removal of drums, barrels, tanks, or other bulk containers that contain or may contain hazardous substances, pollutants, or contaminants, including petroleum. • Soil and ground water remediation activities • Installation of fences, warning signs, or other security or site control precautions • Installation of drainage controls • Stabilization of berms, dikes, or impoundments; or drainage or closing of lagoons • Demolition and disposal of structures (for LIL, only if performed in conjunction with Program -approved remediation activities) • Asbestos and/or lead -based paint survey and/or abatement (for LIL, only if performed in conjunction with Program -approved remediation activities) • Costs associated with fees of legal and/or financial advisors related to closing an LIL Loan. • Voluntary Remediation Program ("VRP") administrative expenses (i.e., VRP application fee, oversight fees, etc.)(LIL only) Other: The Program, in its discretion and upon Authority Board approval, may award project -specific financial assistance outside of an established financial incentive. Eligible costs may include any of the above -listed costs. Other important items related to eligible expenses include: • Maximum "mark up" on all subcontractor work, rental equipment, materials, etc. is 10%. • Travel and lodging costs will be paid in accordance with state policy and rates. The current policy and applicable rates can be found online at the following link: httDs://www.in.gov/idoa/2459,htm • Some costs that are incurred prior to a low -interest loan closing may be eligible for payment/reimbursement if approved by the Program. Examples include closing costs (i.e., legal and/or financial advisor fees) and Remediation Work Plan preparation costs. • Unless otherwise specified, funds will only reimburse costs to generate and transmit environmental reports to the Brownfields Program, IDEM, and the property owner (one hard copy and one electronic copy each). • Reports should be printed in black and white only. • A maximum of 5% of a funding award may be used to reimburse professional service fees not accounted for in the scope of work. These may include (but are not limited to) the following: planning/site meetings and coordination with Brownfields Program staff. These tasks must be related to the site/project that is the subject of the funding award and cannot be used for general marketing or community outreach activities. Any site - specific, pre -bid submittal professional services costs for which reimbursement is sought