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EDA Memo September 10, 1998 Page 2 The application deadline for the DIED Redevelopment Grant is October 1, 1998, and the time needed to complete a Phase I ESA or PHASE I and II ESAs would be approximately two weeks. If this matter is deferred until the next Council meeting on September 28th, insufficient time will remain to complete any kind of ESA and incorporate it into our DTED grant application. Accordingly, this Memo will be accompanied by a proposed Resolution, along with a copy of a related staff Memo dated 9-8-98 and a copy of relevant portions of Peer's "Proposal for Environmental Site Assessment." Peer's entire Proposal, and those submitted by the two other environmental consultants who were contacted, will be made available for review upon request. I do understand that some might ordinarily prefer to await the final execution of a Development Agreement with the Developer(s) before proceeding with the environmental assessments that are being recommended. However, the timetable (in particular, the 10- 1-98 application deadline) imposed by the DTED Redevelopment Grant program simply will not allow us to defer such assessments.without seriously reducing the likelihood of being chosen as one of the eventual grant recipients. It should also be mentioned that if the Developers agree to concurrently proceed with Phase I ESAs on the properties that they will be obligated to acquire, the cost to the City for the RentAll Phase I ESA will probably be significantly less than the $1750.00 figure that is specified in the proposed Resolution. ACTION TO BE CONSIDERED Approval of EDA Resolution No. 98-EDA-98 authorizing the preparation of a Phase I E v' onmental Site Assessment [ESA] OR Phase 1 and II ESAs of the RentAll property, for t arious r - ons specified in the proposed Resolution. 11 K- ' Carroll 7-4029) E anomic Development Coordinator N:\DATA\GROUPS\EC ONDEVIEDA-EDC\EDA109-1498.KPC