SITE INFORMATION AND CORRESPONDENCE

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i CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY 1. 50%-Mot plus 2% 2. 20%-3%simple interest 13. 30%- Grant or 0%interest e. Under the circumstances that the final characteristics of the Development Project j remain uncertain,the applicant will be eligible to enter into a loan/grant agreement with provisions to modify the financial terms based on the final Development Project(Convertible Loan). f. An application will not be approved,and a loan/grant award may not be drawn down,until the applicant has submitted an approved Remedial Action Plan by an Oversight Agency. g. Loan/grant awards may reimburse eligible costs accrued by the Applicant once a completed application has been received by a Strategic Partner. h. The California Pollution Control Financing Authority will upon making a loan place a lien on the property. IX. Definition of Default a. Default on the loan b. If the Infill Development Project,as described in the Grant and/or Loan Agreement,is not developed within 6 years of receiving the award; c. The Infill Development Project no longer meets the qualifications of an Eligible Project; d. If the Applicant provides false information as defined in section XI below. X. Default provisions a. Borrower repays loan,plus 10%per annum b. Authority invokes its lien on the property. c. CPCFA will inform other state agencies—TCAC,HCD,and others—of the default for their consideration. d. The Applicant will be ineligible for any future financing under the CALReUSE program,unless the CPCFA Board waives the penalty. XI. Reporting Requirements a. Brownfield Assessment/Remediation Final Report that: i Certifies that the Applicant has complied with all Hazardous Waste Reporting Laws applicable to the Brownfield Infill Project in the manner and within the time periods required by such Hazardous Waste Reporting Laws. ii. Certifies that the.Applicant complied with the California Environmental Quality Act(Public Resources Code sections 21000-21178) and the State CEQA guidelines. iii. Includes a final description of the Remedial Work conducted on the Brownfield Infill Project,including the original and any amended copies of any reports submitted to the appropriate Oversight Agency. 5 The information presented here is preliminary and is made availablefor informational and discussion purposes only. The information is not hinding on theAutho6ty or its staff. It dau not represent any final decision of the Authority and should not be ceded upon as such. Interested parties are cautioned that any action taken in reliance on the preliminary information is taken at the parries'awn risk as the information presented is subject to change at any time until formally adapted by the Authority at a duly noticed meeting.