EPA v. LIMITED PROPERTY PARTNERSHIP, ET. AL (CRATER RESOURCES INC. SUPERFUND SITE

Case summary

COST RECOVERY FURTURE RESPONSE COST & WORK FOR RD/RA ON LIBERTY'S PARCELS ONLY ( A PORTION OF THE CRATER SUPERFUND SITE) PURSUANT TO THE CONSENT DECREE. On August 1, 2019, EPA and DOJ sent a demand for stipulated penalties (Demand) to Renaissance Land Associates II, L.P. and Renaissance Land Associates III, L.P. (together, RLA) in the amount of $211,000 for alleged violations of the financial assurance provisions in the May 10, 2018 Consent Decree (CD). On August 19, 2019, RLA invoked informal dispute on the Demand. On April 20, 2021, EPA, DOJ, and RLA executed a non-judicial settlement (Settlement Agreement). The Settlement Agreement resolves the informal dispute and requires RLA to pay $150,000 plus interest at the LIBOR interest rate in installments over 1.5 years. The Settlement Agreement also contains an acceleration clause requiring immediate payment of the full balance of penalties plus interest if RLA fails to make a payment.

Defendants (2)

• LIBERTY PROPERTY TRUSTNamed in complaint
• LIBERTY PROPERTY LIMITED PARTNERSHIPNamed in complaintNamed in settlement

Facilities (1)

• CRATER RESOURCES

  2200 RENAISSANCE BLVD, KING OF PRUSSIA, PA, 19406

  Registry ID: 110009258837

Statutes cited

• CERCLA 107A — Cost Recovery
• CERCLA 106A — Imminent & Substantial Endangerment Order

Enforcement conclusions (1)

• CRATER RESOURCES INC. (LIBERTY PROPERTY LIMITED PARTNERSHIP)(CRATER RESOURCES)entered 2008-01-25

  Primary law: CERCLA

Timeline (6 milestones)

• 2007-08-29Referred To Dept Of Justice
• 2007-08-29Referred To Headquarters
• 2007-09-27Enforcement Action Data Entered
• 2007-12-05Complaint Filed With Court
• 2007-12-05Final Order Lodged
• 2008-01-25Final Order Entered