Re: "MOM AND POP" BROWNFIELDS -Reply

[laswedi@seyfarth.com]

Subject: Re:  Re: "MOM AND POP" BROWNFIELDS -Reply

I recommend a book recently published by the American Bar Association
Section of Natural Resources, Energy, and Environmental Law entitled
"Prospective Purchaser Agreements, Reducing the Liability Risks of
Contaminated Property" by Elizabeth Glass Geltman which contains
sample documents.

>>> "bklafter@orrick.com" 06/10/98 06:32pm >>>
Lenny's comment raise two questions in my mind:

1.  Will live/work type development hinder some
projects by leading to a need for residential
cleanup standards vs. commercial/industrial?

2.  Small business owners will need to be educated
about how to structure these transactions.  Larger
companies (real estate concerns, etc.) typically
protect themselves by setting up limited liability
companies, subsidiaries, etc. along with the
regulatory devices (comfort letters, PPAs, etc.). 
Are small businesspeople comfortable enough with
environmental liability to undertake these projects? 



THE INFORMATION CONTAINED IN THIS TRANSMISSION IS ATTORNEY
PRIVILEGED AND/OR CONFIDENTIAL INFORMATION INTENDED FOR
THE USE OF THE INDIVIDUAL OR ENTITY NAMED ABOVE.  IF THE
READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, YOU
ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION 
OR COPYING OF THIS COMMUNICATION IS STRICTLY PROHIBITED.