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The IRF will ensure compliance with applicable environmental laws and <br />regulations, including but not limited to 13 CFR Parts 302 and 314, the <br />National Environmental Policy Act of 1969 and other Federal environmental <br />mandates. <br />Staff will determine whether the project will result in a significant adverse <br />environmental impact. The applicant may be asked to submit additional <br />documentation as necessary to make the determination. No activity shall be <br />financed which would result in a significant adverse environmental impact <br />unless that impact is to be mitigated to the point of insignificance. <br />When necessary to ensure compliance, any required mitigation shall be made <br />part of the loan conditions. <br />Staff will determine whether the project involves new above -ground <br />development within a floodplain based on a review of the proposed <br />development against FEMA Flood Insurance Rate Maps. No activity shall be <br />financed which would result in new above -ground development in a 100 year <br />floodplain, per E.0, 11988. <br />Staff will determine whether the project will be located within or adjacent to <br />any wetland area. The applicant may be required to provide wetland <br />delineation information as necessary. No activity shall be financed which <br />would result in alternation of any wetland or in any adverse impact on any <br />wetland without consultation with the U.S. Department of the Interior Fish and <br />Wildlife Service and, if applicable, a Section 404 Permit with the Army Corp. <br />of Engineers shall be obtained, <br />IRF staff shall notify the State Historic Preservation Officer (SHPO) of each <br />approved loan that involves significant new construction and expansion and <br />request and receive comments on the effect of the proposed activity on historic <br />and archaeological resources prior to closing of the loan. In cases where the <br />SHPO has recommended actions or has determined an adverse impact, the IRF <br />and loan applicant must work with the SHPO to address any issues identified <br />before the loan is closed. <br />All loan applicants are required to provide information regarding whether or <br />not there are hazardous materials such as EPA listed hazardous substances (40 <br />CFR 300), leaking underground storage tanks, asbestos, polychlorinated <br />biphenyls (PCB) or other hazardous materials present or adjacent to the <br />affected property that have been improperly handled and have the potential of <br />endangering public health. <br />22 <br />