300+ Unit Residential Project, Petaluma

This sale of an active quarry, concrete recycling center and asphaltic batch processing site to a national homebuilder for development of single-family homes required complex environmental risk sharing agreements between the quarry operator, the seller of the property and the buyer.  The issues presented included quarry closure requirements and the remediation of groundwater contamination and petroleum contaminated soils.  The environmental risks were allocated through work plans, various indemnification provisions and insurance programs.