CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:
Public Works
For Meeting of:
December 8, 2014
District: 5 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Subject:
Brownfield Site Rehabilitation Agreement - Soccer Stadium Site

Summary:

On June 18, 2007, City Council approved the establishment of a Brownfield Advisory Committee to serve as the statutorily mandated advisory committee to City Council to fulfill the requirements of Section 376.80 of the Florida Statutes and all laws, rules and regulations related thereto.

On December 1, 2014, the Advisory Committee met to discuss the redevelopment and remediation of soil and groundwater contamination at the proposed Soccer Stadium site.  City staff presented information to the Advisory Committee regarding the redevelopment plan, the findings of the contamination assessment and the proposed course of action for additional assessment and remediation of the site.  Staff recommended that the City enter into a Brownfield Site Remediation Agreement (BSRA) with the Florida Department of Environmental Protection (FDEP) in the form attached hereto.  Under the terms of the BSRA, the City would receive expedited review by FDEP of information, reports and permit applications associated with the remediation of the Soccer Stadium site.  The City would also be eligible to receive corporate income tax credits for up to 50% of the investigation, sampling, monitoring and remediation costs, up to $500,000 annually.  These credits are a marketable commodity and are currently returning approximately eighty cents on the dollar.


Fiscal & Efficiency Data: There is no fiscal impact associated with this item; however, its passage will allow staff to seek tax credits for 50% of the cost of assessment and remediation at this site, up to a maximum of $500,000 per year.

Recommended Action:
Approval of the Brownfield Site Rehabilitation Agreement (BSRA) for the Soccer Stadium site.


Agenda Item attachment(s) on file in the City Clerks Office.

Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.

Contact: David Bass, Attorney's Office; Rick Howard, Public Works; Frank Usina, Venues
Approved By:

Department Date and Time
Planning and Environmental Attorney 11/21/2014 1:47 PM
Budget Outside Routing Approval 11/21/2014 2:27 PM
City Clerk 11/21/2014 2:31 PM

ATTACHMENTS:
Name: Description: Type:
Soccer_Stadium_BSRA.pdf Soccer Stadium Brownfield Site Rehabilitation Agreement Backup Material

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