Program Summary (download Program Summary here)
In many areas there is a shortage of developable land, and prime agricultural land is being redeveloped as commercial and/or residential. Chickadee promotes the responsible redevelopment of contaminated industrial/commercial properties and saves prime agricultural land for food production.
The Brownfields program addresses the long-term beneficial use of remediated properties with residual chemical concentrations. However, the environmental liabilities for the properties typically remain with the property owner unless the owner has received specific indemnification from the previous owner or from some other entity.
Chickadee Remediation Company addresses the two critical issues associated with contaminated properties:
There are remediation technologies available that can address most contamination in a timely and cost-effective manner. At most sites, some residual chemical concentrations remain after active remediation is completed and some long-term care and control is required.
In other cases, Chickadee will acquire the environmental liabilities associated with a specific property by executing an agreement with the existing responsible party whereby the liabilities are transferred to Chickadee.
The Chickadee liability indemnification typically covers the following:
Chickadee has the experience and ability to successfully evaluate and manage the properties selected by Chickadee. Thus Chickadee does not require insurance to cover Chickadee's property-specific risk. However, Chickadee anticipates that focused risk insurance could be a part of some "liability transfer" agreements in order to increase the comfort level of the original and final property owners(s). Chickadee has established a relationship with Frank Crystal and Co. to provide environmental risk management insurance in those cases where insurance is required by the property owner(s).
Chickadee would consider:
Chickadee has found that local commercial/industrial property realtors are aware of properties where sale, development, and/or beneficial use are prevented by the existence of environmental liabilities. In most areas, governmental entities (counties, cities, authorities) own properties that are contaminated; the sale and development of such properties is significantly impacted by the contamination. Old service stations, old dry cleaners, abandoned warehouse properties, and inactive industrial properties are all likely opportunities.
In each case, Chickadee would develop a proposal to "acquire" the environmental liabilities and to remediate the property. In order to expedite the proposal process, Chickadee would need to review the available data for each property and visit each property. Chickadee would execute an appropriate secrecy agreement in order to protect the confidentiality of property information.
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