2A — October 12 - 25, 2012 — Mid Atlantic Real Estate Journal MAREJ A DVERTISERS D IRECTORY Alfred’s Auctions, Inc. ....................................................... 5A ALT Realty .....................................................................8-9C Barry Isett & Associates, Inc.......................................... 14C BartonPartners .............................................................FC-C Bennett Williams Realty Inc. ........................................... 2C BL Companies ................................................................... 7C Bohler Engineering........................................................IC-C Brahney Paving................................................................. 6B Brasler Properties........................................................... 10C Bussle Realty Corp.........................................................IC-B Cenova ......................................................................... IBC-C Columbia Bank................................................................ 10A Cooper-Horowitz, Inc. ..................................................... 11A Earth Engineering Incorporated..............................11B, 5C Elias B. Cohen & Associates........................................... 14A Fidelity National Title .................................................... 13A Fitzpatrick Lentz & Bubba............................................. 14C Fortna Auctioneers & Marketing Group.......................... 4A Gerber/Somma Associates .............................................IC-B Greater Reading Economic Partnership.......................... 4C Griffin Land....................................................................... 7C Harvey Hanna & Associates, Inc................................... IC-A Hawley Realty Inc........................................................... 12C Heller Industrial Parks .................................................... 4B High Associates ................................................................. 6A Hinerfeld Commercial Real Estate .................................. 1C Hutchinson Mechanical Services ..................................... 9B Jottan Inc. ......................................................................... 1A Kaplan Stewart ................................................................. 2A Keast & Hood Co............................................................. 15C Lafayette Ambassador Bank ............................................ 9C Landcore Engineering Consultants, P.C.......................... 7C Landmark Commercial Realty Inc................................... 4C Langan Engineering & Environmental Services ............ 8C Lebanon Valley Economic Development Corporation ..... 3C M. Miller & Son................................................................. 3A Marcus & Millichap Taylor Zang ..................................... 6C Mericle ...........................................................................BC-C Meridian Capital Group, LLC .......................................... 3A MKSD Architects .............................................................. 8C NAI Mertz.......................................................................... 6A NAI Summit .................................................................... 12C NJ Paving .......................................................................... 2B NJIFMA............................................................................. 8A Norris McLaughlin & Marcus, P.A................................... 9C NorthMarq....................................................................... 11C Penn’s Northeast............................................................... 4C PennCap Properties .......................................................... 7C Phyllis Weber Associates ................................................ 11B Poskanzer Skott Architects .............................................. 5B RBS Citizens .................................................................BC-A Regal Bank ............................................................... 12A, 3B Riker Danzig ..................................................................... 2B Robert E. Blue ................................................................... 8A ROCK Commercial Real Estate ....................................... 3C SEBCO Laundry Systems ................................................ 2B Sheldon Gross Realty ....................................................... 2B Southern NJ Chapter of the Appraisal Institute .......... 13B Target Building Construction......................................... 15C The Berger Organization.................................................. 1B The Frederick Group....................................................... 12C The KISLAK Co. ............................................................... 3B THESING Companies..................................................... 15B TriCounty NJ.................................................................BC-B WCRE ................................................................................ 8B Whitesell.......................................................................... 10B
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Mid Atlantic Real Estate Journal
Mid Atlantic R EAL E STATE J OURNAL Publisher ............................................................................Linda Christman Co-Publisher .........................................................................Joe Christman Section Publisher ..............................................................Michael Campisi Section Publisher ................................................................Elaine Fanning Section Publisher ............................................................... Kevin MacLean Senior Editor/Graphic Artist ................................................ Karen Vachon Graphic Artist/Social Media Specialist ............................ Rachel Rugman Office Manager ...................................................................Joanne Gavaza Editorial Consultant ............................................................. Ben Summers Guest Columnists .................. Daniele Cervino, Esq. and Kristin Makar, Esq. Mid Atlantic R EAL E STATE J OURNAL ~ Published Semi-Monthly P.O. Box 26 Accord, MA 02018 (Mail) 312 Market Street, Rockland, MA 02370 (Overnight) Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018 USPS #22-358 | Vol. 24 Issue 19 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
he New Jersey Site Remediation Reform Act (SRRA), N.J.S.A. 58:10C-1 et seq., establishes certain new procedures and requirements that are designed to allow responsible parties to remediate contaminated sites in a timely manner without de- lay and with limited oversight by the New Jersey Department of Environmental Protection (NJDEP). A local governmen- tal entity that is a responsible party under the New Jersey Spill Compensation and Con- trol Act (Spill Act), N.J.S.A. 58:10-23.11 et al., must adhere to the obligations and manda- tory and regulatory deadlines set forth in the SRRA and its accompanying regulations. The SRRA requires the responsible party to complete key phases of the remediation process within the time frames established by the NJDEP and obligates the responsible party to hire a Licensed Site Remediation Professional (LSRP) to oversee T Impact of SRRA on Local Government and Utilities Cleanup Obligations By Daniele Cervino, Esq. and Kristin Makar, Esq.
the remediation of the site by May 7, 2012. Some of these deadlines have already been in place since March 2012. When are Local Governments Responsible Parties? Theremaybe instanceswhere a local governmental entity is not a responsible party under the Spill Act because it meets one of the following liability protections: (1) it did not cause or contribute to a discharge of a hazardous substance; and (2) it acquired title to the property involuntarily such as in cases of bankruptcy, tax delinquency, eminent domain, condemnation, abandonment,
or escheat; or (3) it acquired the property for purposes of promoting redevelopment. Under these circumstances, although the local governmen- tal entity owns contaminated property, it is not required to complete a remediation of these properties in compliance with the SRRA. It is, however, important for such local gov- ernmental entities to consider conducting investigative and remedial activities because any contaminated sites will remain on the State’s Known Contami- nated Sites List and will be difficult to market and return continued on page 16A
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