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After the sale is closed, KEY and our affiliate FTS assist our clients with the permit transfers, regulatory negotiations, sampling, groundwater management, and development of engineering plans for site remedial actions.
Managing long-term environmental liabilities requires firms to maintain the fiscal, regulatory and community impacts for the impacted sites. KEY can support these efforts by evaluating the property, using creative remedies, and engaging all of the Stakeholders.
Many national and international corporations are outsourcing or even “selling” environmental legacy sites.
Starting with a thorough review of past environmental records and preparing Phase 1 documents, KEY has assisted our clients in getting a true valuation on the long-term financial obligations for these properties. This has assisted the owner or acquiring firm to provide the necessary funding, insurance and contractual obligations required to protect both the environment and corporate balance sheets.
Once the transfer has taken place, KEY can immediately support the site’s regulatory requirement related to operations of systems, sampling and analysis, and site maintenance. Working with FTS, we can be in place to support the “hour one” transition for the new Owner.
Once the “ink has dried” on the contracts, KEY’s geologists, engineers, regulatory experts, and scientists begin investigating and designing the cost-effective, environmentally protective systems to ensure that all of site obligations are met and, in many cases, exceeded.
A look at the innovative and patented cap design for a former CCR impoundment in Ohio highlights KEY’s support to our client and the community Stakeholders.
For another project, KEY’s evaluation of historic documents not only uncovered previously undocumented liabilities, but also provided critical evaluations of possible future groundwater considerations. These allowed our client the opportunity ensure that all financial needs were included in the final negotiation. To ensure that both the seller and the buyer were protected for the long-term management of the property.
By utilizing the experienced talent for the full solution of the liability transfer projects, KEY ensures success for our clients, stakeholders, and most importantly, the “health” of the environment.