Westport Roundtable Series: Connecticut Environmental Update: 2019 Real Estate Transfer and Remediation Developments
Please join us on November 14, 2019 in our new and expanded Westport office for the roundtable discussion Connecticut Environmental Update: 2019 Real Estate Transfer and Remediation Developments led by attorney Christopher McCormack.
Commercial real estate transactions in Connecticut frequently involve the Transfer Act, governing hazardous waste “establishments,” and the Remediation Standard Regulations that define cleanup options. Understanding and navigating the law and regulations is crucial for property owners and developers, real estate brokers, and commercial lenders.
The Transfer Act landscape has been altered by amendments that took effect on October 1, 2019, and addressed two topics of particular concern to the commercial real estate community – shortening the audit period, which had left the status of property unclear for up to three years, and adding exemptions for “one-time generation” and related scenarios, which had brought properties within the Act due to incidental waste generation.
In addition, the Department of Energy and Environmental Protection has proposed major changes to the RSRs and rules concerning environmental use restrictions – including the long-awaited “notice of activity and use limitation,” intended to expand compliance options by providing a more streamlined alternative to the “environmental land use restriction.”
This timely round-table program will cover what you need to know about:
- Public Act 19-75: New Transfer Act exemptions, audit period changes, and questions and problems remaining after the amendments.
- Proposed RSR “Wave 2” amendments: major themes and provisions, new approval authorities a and “off ramps,” issues presented by public comments, and status of rulemaking.
- Proposed “Environmental Use Restriction” regulations, including new NAUL option.
November 14, 2019
7:30 a.m. – 8:00 a.m.: Registration and Networking
8:00 a.m. – 9:00 a.m.: Breakfast and Discussion
Pullman & Comley, LLC
253 Post Road West
Westport, CT 06880
To register, please email firstname.lastname@example.org or call 203.330.2055.