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Title: In June 1985, Joseph Marcantuone and Robert Gieson purchased property located in East Orange, New ...
Post by: jmoney123 on Jan 28, 2018
In June 1985, Joseph Marcantuone and Robert Gieson purchased property located in East Orange, New Jersey. At the time of purchase, the property was partly occupied and leased to Carriage Trade Cleaners, a dry cleaning establishment. A number of dry cleaners continuously operated on this site since 1930. Messrs. Marcantuone and Gieson owned and operated a grocery store on another section of the property. They have never personally owned or operated a dry cleaning establishment on the property. JRM, LLC, and Sang Hak Shin were tenants on the property and the last operators of the dry cleaning establishment that utilized the hazardous substance tetrachloroethylene or perchloroethylene (PCE) during the time Marcantuone and Gieson owned the property. The city of East Orange acquired the property through condemnation for the purpose of building a school on the property. But, the PCE was discovered on the property and out of the 629,407 given to Marcantuone and Gieson as compensation for the taking, the city held back 182,035.20 for the cost of the PCE clean-up. It cost the city a total of 212,000 to complete the clean-up of the property. How would the city have discovered the PCE on the property prior to its valuation for condemnation?
 A)Through inspection of the property and the presence of a dry-cleaning establishment
 B)Through land records tracing ownership of the dry-cleaning establishment
 C)Through soil tests
 D)All of the above


Title: In June 1985, Joseph Marcantuone and Robert Gieson purchased property located in East Orange, New ...
Post by: gool34 on Jan 28, 2018
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