A couple of weeks ago I placed on the City Council agenda an item requesting the appearance of the Environmental Protection Agency (EPA) at a City Council meeting to brief the council and public about their February 2008 citation of the LCW, LLC the owners of property being considered for a swap with the City.
This past Tuesday, the officials came. To summarize, if you go back to my blog on 9/24/09 (http://www.gerrieschipske.com/2009/09/weve-got-trouble-right-here-in-long.html) you can read how I came about learning that the EPA had cited the current owner of the property -- despite the City Council not learning about this fact during real estate negotiations. EPA confirmed what I wrote and it looks it might take quite a bit of time to determine the extent of the contamination (god knows we don't even know what else is there) and the clean up.
You have to ask yourself (I know I did), who in their right minds would get into a real estate transaction without getting full disclosure? And who would go into escrow until all disclosure and remediation is done? Huh?
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