Fiscal Impact
A fiscal note shows the financial impact of a given legislative action.
Fall 2024 brownfield grants from the Metropolitan Council’s Tax Base Revitalization Account (TBRA), and Hennepin County’s Environmental Response Fund (ERF) - Fiscal Note
No
Community Planning & Economic Development
01600-8900220, $2,467,899; 01600-8900320, $526,100
Yes
December 30, 2024 - December 30, 2027
NA
NA
Grant funds will be passed through to subrecipient developers, who will own and operate the projects to be assisted with grant funds.
NA
BUDGET IMPACT
List of revenues and expenditures related to this request
| Request Financing | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Revenue Sources | |||||
| Met Council and Hennepin County Brownfield Grants | $1,500,000 | $1,493,999 | |||
| Total Revenues | $1,500,000 | $1,493,999 | $0 | $0 | $0 |
| Expenditures | |||||
| Met Council and Hennepin County Brownfield Grants | $1,500,000 | $1,493,999 | |||
| Total Expenditures | $1,500,000 | $1,493,999 | $0 | $0 | $0 |
| Net Budgetary Impact (Revenue-Exp.) | $0 | $0 | $0 | $0 | $0 |
Not Applicable
Not Applicable