Russo Verberg purchase delayed as Phase II environmental review proceeds
Staff reported the township's planned purchase of the Russo Verberg property remains open pending a Phase II environmental review after Phase I identified anomalies. Title work and survey are complete; the purchase agreement includes an environmental extension to October.
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Staff told the DDA that the township has not closed on the Russo Verberg parcel because a Phase I environmental assessment returned results that require further study. The township is proceeding to a Phase II environmental investigation; the purchase agreement contains an environmental-extension clause allowing the closing to be pushed to October to accommodate the additional testing.
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