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Design and Economic Development Workshop Brownfield Incentive Program City of Doral August 28th, 2010 Morgan Levy Park 1 Bettina Rodriguez Aguilera, Economic Development Coordinator [email protected] Leigh Fletcher, esq

City of Doral August 28th, 2010 Morgan Levy Park 1 Bettina Rodriguez Aguilera, Economic Development Coordinator [email protected] Leigh

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Design and Economic Development WorkshopBrownfield Incentive Program

City of DoralAugust 28th, 2010Morgan Levy Park

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Bettina Rodriguez Aguilera,Economic Development [email protected]

Leigh Fletcher, esq

Doral Design DistrictFirst and Second Workshops

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Clean Up, Redevelop, Revitalize Brownfield Sites

Create Employment Opportunities & Enhance Local Economy

Uses Current Infrastructure

Boost Local Revenue

Grant & Alternative Funding to Support Redevelopment Projects

Why Choose Brownfields?

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As a Designated Brownfield Area you can receive:

◦$2,500 Job Bonus Refund

◦Sales Tax Credit on building materials

◦State Loan Guarantees

“What’s in it for Me?”

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Brownfields Bonus Refund◦ Up to $2,500 Tax Refund per Job Created◦ Stack Tax Credits with Enterprise Zone

& QTI (Up to $10,500)◦ Attracts Job Generators

Building Materials Sales Tax Refund ◦ 20% Low to Moderate Income◦ Encourages Affordable and Workforce Housing

Brownfields Loan Guarantee ◦ 50% of Primary Lender’s Loan◦ 75% for Affordable Housing and Health Care Facilities

State Brownfields Incentives

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EPA Brownfields Assessment Grant ◦ Up to $400,000 Annually to Local Governments and

$1 Million for Coalitions ◦ Phase I And II Assessments – Petroleum and Hazardous Substances

(Metals, Solvents, Asbestos & Lead) ◦ Free Look At Challenged Properties For Buyers

EPA Brownfields Cleanup Grant ◦ Up to $600,000 Annually ($200,000 per site) to Local Governments or

Non-Profits◦ Can Make Environmentally Upside-down Properties Feasible for

Redevelopment

EPA Grants

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Brownfields Cleanup Revolving Loan Fund ◦ Up to $1 Million Annually for Clean-Up

◦ Low-to No-Interest Loans/ Sub-grants for Non-profits for Clean-Up ◦ Can Make Environmentally Upside-down Properties Feasible

for Redevelopment

Job Training ◦ $200,000◦ Provides environmental training for residents of the BF Areas

EPA Grants (cont.)

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Brownfields Act as a Vehicle for Economic Development in Underdeveloped or Underutilized Areas◦Places prime real estate back onto the market◦Increases local employment opportunities◦Broadens municipal tax base (generates new

revenues)◦Provides incentives for job creation

Long-Term Benefits

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Brownfield site =

Real property, the expansion, redevelopment or reuse of which may be complicated by actual or perceived environmental contamination

Technical Definition

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Promotes Smart Growth◦Reduces urban sprawl by encouraging additional

redevelopment and reinvestment in core urban areas

◦Preserves and protects green spaces

◦Utilizes current infrastructure

Long-Term Benefits (cont.)

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Environment◦Speedier clean-ups eradicate contamination

◦Voluntary approach

◦Incentives reduce clean-up costs

◦Eliminate environmental stigma

Long-Term Benefits (cont.)

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Brownfields Include

Former Landfill Sites Adjacent Uses

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Project Study AreaNorth: NW 41 St.

South: NW 25 St.

East: SR 826West: NW 87 Ave.

Former Landfill shaded

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State Brownfields Designation Process ◦ Brownfields Redevelopment Act –

Section 376.77-376.85 F.S.

◦ Two Ways: Local Government Initiated; or

Individual/Private Sector Initiated.

◦ Adoption of Resolution by Local Government Required for Both

◦ Strictly Local Government Decision

Federal Brownfield Process Brownfield does not have to be designated–

“Where Do I Start?”

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