Legal Issues In Real Estate Development Introduction to Environmental Law
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Legal Issues In Real Estate Development Introduction to Environmental Law

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On March 27, 2013, Emily L. Murray presented, together with Eddie Arslanian of ENVIRON, a class on environmental law at USC, as part of a graduate class entitled ‘Legal Issues in Real Estate ...

On March 27, 2013, Emily L. Murray presented, together with Eddie Arslanian of ENVIRON, a class on environmental law at USC, as part of a graduate class entitled ‘Legal Issues in Real Estate Development’ offered by USC's Masters in Real Estate Development (MRED) curriculum.

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Legal Issues In Real Estate Development Introduction to Environmental Law Presentation Transcript

  • 1. Emily MurrayAllen Matkins Leck Gamble Mallory & Natsis LLPEddie ArslanianENVIRON International CorporationMarch 21, 2012Legal Issues In Real Estate DevelopmentIntroduction to Environmental LawUSC RED 562
  • 2. INTRODUCTIONS/CLASS OUTLINE• Introductions• Presentations• Environmental Law Overview• Environmental Consultant Perspective• Mock Case Study
  • 3. ENVIRONMENTAL AGENCIESFederal• Environmental Protection Agency (EPA)California• California EPA• Regional Water Quality Control Boards (RWQCB)• Department of Toxic Substances Control (DTSC)Local Level• Local City and County Departments
  • 4. ENVIRONMENTAL LAWS - FEDERAL• ComprehensiveEnvironmentalResponse,Compensation, andLiability Act (CERCLA)• Liability• EPA Enforcement• Private Party CostRecovery
  • 5. ENVIRONMENTAL LAWS - FEDERAL• ResourceConversation andRecovery Act(RCRA)• Disposal ofwaste andhazardouswaste
  • 6. ENVIRONMENTAL LAWS - FEDERAL (CONT.)• Clean Water Act• Liability• Permits• National EnvironmentalProtection Act (NEPA)• Endangered Species Act
  • 7. ENVIRONMENTAL LAWS - STATE• Hazardous Substances Account Act – StateSuperfund• Hazardous Waste Control Law (Cal-RCRA)• Porter-Cologne Water Quality Control Act• California Environmental Quality Act (CEQA)• Common Law
  • 8. WHEN DO ENVIRONMENTAL ISSUES ARISE?• Pre-Purchase• Due Diligence• Contract Negotiation• Entitlements /Development• CEQA / NEPA• Remediation• Litigation
  • 9. DUE DILIGENCE – PURPOSE AND FORM• Purpose:• Know what you’re buying• Protect yourself from liability• Comply with the law• Satisfy lending institutions• Form:• Phase I / Phase II Investigation
  • 10. DUE DILIGENCE PURPOSE: DEFENSES TO LIABILITY• Adjacent Landowner• Innocent Landowner• Release precedes ownership• All appropriate inquiry; did not know or havereason to know of contamination• Cooperation and access• Bonafide Prospective Purchaser• Release precedes ownership• All appropriate inquiry; knew of contamination• Cooperation and access
  • 11. •ASTM Standard•Satisfies “allappropriate inquiry”requirement•Phase I•Phase IISource: Marc Defoe, 2003; SF Bay Regional Water ControlBoard, Brownfields)DUE DILIGENCE FORM: PHASE I AND II
  • 12. PROTECT YOURSELF: NEGOTIATE YOUR DEAL• Indemnification• Shift liability to seller, other liable parties• Price reduction• Allocate responsibility for cleanup activities
  • 13. PROTECT YOURSELF: NEGOTIATE WITH AGENCIES• “No FurtherAction” Letter• Comfort Letter• ProspectivePurchaserAgreements
  • 14. PROTECT YOURSELF: INSURANCE• Insurance
  • 15. ENVIRONMENTAL LAW: OTHER CONCERNS• Entitlements / Development• CEQA / NEPA• Remediation• Litigation
  • 16. QUESTIONS?