Investigating, characterizing and remediating a property can be a costly process, but a necessity, especially if you want to sell or refinance your property. SESCO Group can provide or help you acquire a number of different ways to fund your cleanup. In the end, there is little to no cost for you!
Historical Insurance Recovery
Many are unaware, but Comprehensive General Liability Insurance (CGL) policies often can provide the funds for the remediation of your property. SESCO’s staff can put you back on a fast track to remove the barriers often associated with assuming or transferring contaminated properties.
Excess Liability Trust Fund (ELTF)
ELTF is a fund established from the collection of fees in the Leaking Underground Storage Tank program from regulated Underground Storage Tank owners for the specific use of remediating contaminated properties. A site's eligibility for ELTF funding can be dependent upon a number of factors affecting the 100% eligibility for reimbursement of remediation expenses. SESCO works tirelessly to ensure you receive the highest percentage possible of dollar for dollar monies back from the State on remediation.
S.E.L.F.
SESCO has pioneered an innovative solution to environmental remediation called S.E.L.F.™ It combines your Comprehensive General Liability Insurance (CGL) and the ELTF to cover the costs of your entire cleanup bill. ELTF usually has a $35,000 deductible associated with remediation reimbursement. Using the S.E.L.F. program, this deductible can be covered. This is your best opportunity to completely fund your site cleanup. SESCO has been 100% successful at helping owners get the job done.
Grants & Low-Interest Loan Assistance
Low-Interest Loans (LIL) are available to political subdivisions for the acquisition of and environmental assessment, remediation and demolition activities at eligible Brownfields sites. The maximum LIL amount is based on available funds and determined on a case-by-case basis by the Indiana Finance Authority. An LIL may be partially forgivable, such that not more than 20% of the total LIL amount may be in the form of a forgivable loan. There is no application deadline for these loans and SESCO’s staff has the necessary experience and knowledge to assist applicants.
Brownfields Grants
SESCO has successfully assisted communities with Site Assessment Grants and Petroleum Remediation Grants to perform Phase I ESAs and Subsurface Investigations on abandoned or underutilized properties with a real or perceived threat of contamination.
