To: Board of Supervisors
From: Planning and Building Department
Agenda Section: Departmental
Vote Requirement: Majority
SUBJECT:
title
Consideration of Humboldt Bay Harbor, Recreation, and Conservation District's (Harbor District) Request to Assume the County's $2,320,000.00 Environmental Protection Administration Brownfield Cleanup Revolving Loan Fund (BCRLF) Loan to the Samoa Pacific Group.
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Receive and consider the staff report and accept public comment; and
2. Adopt the attached Resolution No._____ (Attachment 1) to take the following actions:
a. Approve in concept the Harbor District's assumption of the County's $2,320,000.00 BCRLF loan to the Samoa Pacific Group (SPG) with the following conditions:
i. Samoa Pacific Group remains responsible for the lead abatement in the historic homes in Samoa. This shall be memorialized in a separate agreement. The process of clearing the homes in Samoa for Lead Abatement be continued prior to transfer of the property to the new owner. The current agreement requires this work to be completed by June 2023.
ii. The full loan must be repaid, there is no opportunity to convert a portion of the loan to a grant.
iii. The Assignment of rents shall apply to the Nordic site, the Redwood Marine Terminal and to all property leased by Crowley.
iv. The loan term remains 2024; and
b. Authorize the Planning and Building Department Director to execute in the name of the County of Humboldt the Loan Assumption Agreement (Exhibit A) as modified by the Board and after review and editing by the Office of County Counsel, and all other documents required by the Title Company or Environmental Protection Administration (EPA) for transfer of the BCRLF loan to the Harbor District.
Body
SOURCE OF FUNDING:
The BCRLF is funded by the EPA in the amount of $2,320,000.00. The staff costs to prepare this staff report and to execute the new loan agreement are...
Click here for full text