SITE INFORMATION AND CORRESPONDENCE

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I CALIFORNiA POLLUTION CONTROL FINANCING AUTHORITY I PROPOSITION 1C BROWNFIELD REMEDIATION PROGRAM j CALReUSE PROGRAM EXPANSION PROPOSAL As of October 15, 2007 AUTHORIZING STATUTE for Brownfield cleanup that promotes infill housing development and other related infill development consistent with regional and local plans..:'—Proposition IC,Health and Safety Code Section 53545(b)(2) `...the California Pollution Control Financing Authority,in consultation with the Department of Housing and Community Development,shall administer loans or grants under the California Recycle Underutilized Sites i (CALReUSE)program established under Article 9(commencing with Section 8090)of Division 11 of Title 4 of the California Code of Regulations,for the purpose of brownfield cleanup that promotes infill residential and mixed- used development,consistent with regional and local land use plans."—Senate Bffi 86$ec.29 EXISTING SITE ASSESSMENT PROGRAM revisions I. Increase loan term to$300,000 generally,and$500,000 for infill residential and mixed-use development projects. a. The maximum loan amount maybe waived and extended by the CPCFA Board if it is detemvned that the development project has substantial public policy benefits. IL Modify definition of"Independent Consultant"to track with updated Federal definition. III.Expand eligible sites to those which have been previously excluded,including: a. Sites currently listed on the National Priorities List pursuant to the Comprehensive Environmental Response,Compensation,and Liability Act of 1980,as amended(42 U.S.C. Section 9605(a)(8)(B)). b. Sites currently listed for a response action pursuant to Section 25356 of the California Health and Safety Code. c. Sites that are,or have ever been,owned or operated by a department,agency,or instrumentality of the United States. d. Sites that are hazardous waste facilities subject to the requirements of Article 9, Chapter 6.5,Division 20 of the California Health and Safety Code. NEW REMEDIATION PROGRAM I. Definitions a. `Brownfield Project"is defined as a project for the mitigation and/or remediation of hazardous material at a Brownfield,where it has been shown that there is a likelihood that the site can be tetumed to economically beneficial use and provide a location for infill residential and mixed-use development—or promote infill residential or mixed-use development 1 t The informanonpresented hero ispreliminmy and it made available for informational and discussionpurposer only. The information is not binding on the Authority or its staff. It doer not represent anyfinal decision of theAuthoriy and should not be relied upon as such. Iatemsted parties are cannoned that any action taken in rrGance on the preliminary information u taken at the parties'own risk as the information presented it subject to change at anytime until formal!},adopted by theAuthoriy at a duly noticed meeting. i