Protections to liable party,
U.S. EPA, state and ERRT
USEPA/state CNTS
USEPA/state/ERRT/liable party consent order/consent decree
ERRT grants waiver and release to liable party (except for misrepresentations or fraud)
Known and unknown, pre-existing contamination and on-site and off-site covered
Agency oversight of ERRT
Environmental restrictive covenants (for the remedy)
Institutional controls monitoring
Environmental easement for access and a waiver and release to liable party from
subsequent buyers and tenants in downstream transfersERRT’s financial controls, conservative investment policy and independent audits