Chickadee Remediation Company

TEXAS

8810 Will Clayton Parkway,

Suite J

Humble,

Texas  77338

Phone:  281-540-8711

Fax:  281-540-3893

MONTANA

7801 York Road

Helena,

Montana  59602

Phone:  406-475-3430

Fax:  406-475-3801

 

Contact Us

CALIFORNIA

5200 Warner Avenue,

Suite 207

Huntington Beach,

California  92649

Phone:  714-840-8036

Fax:  714-840-6843

               

 

 

Abstract    (Go to Manuscript)

 

Remediation and "Buying" Liabilities

 

By Richard Sloan, Chickadee Remediation Company

 

Spills and leaks of chemicals from various sources have contaminated soils and groundwater at many sites.  There are remediation technologies available that can address most contamination in a timely and cost-effective manner.

 

Typically, the remediation activities are focused on source control and on reducing the chemical concentrations in soils and groundwater to the extent necessary to protect public health and the environment; the site-specific remediation criteria are usually based on reducing the public health and environmental risk to acceptable levels.  At most sites, some residual chemical concentrations remain after active remediation is completed.

 

The Brownfields program addresses the long-term beneficial use of remediated sites with residual chemical concentrations.  However, the environmental liabilities for the site typically remain with the property owner unless the current owner has received specific indemnification from the previous owner or from some other entity.

 

This paper addresses the two critical issues associated with contaminated sites:

 

  1. Remediation of the contaminated soil and groundwater to reduce the health and environmental risk to acceptable levels.

  2. Long-term "ownership" and management of the environmental liabilities.

 

Chickadee has extensive experience addressing both of these issues for a number of complex sites.

 

In many cases, it is possible for the remediation company to secure ownership of the site-specific environmental liabilities via a "double closing" whereby the remediation company indemnifies both the current property owner and the future property owner(s).  This "double closing" nets the funds for the site remediation and the long-term environmental liabilities management; a premium for the risk associated with the site is included.

 

This process is "win-win" for all the interested parties:

 

  1. Regulators get the site remediated.

  2. Current and future site owners have no environmental liabilities in regards to the site.

  3. Lending institutions are not exposed to any environmental liabilities.

  4. Local receptors are protected from contamination.

  5. Property can be used for residential and/or commercial purposes.

 

This paper will use several case-studies to illustrate the critical details which must be addressed to make the process work.

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This site was last updated on January 16, 2009