Environmental
Vermont's 'environmental covenant' on a remediated property restricts:
AThe property's assessed value
BFuture uses that would be incompatible with the cleanup level achieved, such as restricting residential use if cleanup was done to industrial standards✓ Correct
CThe owner's ability to refinance
DThe property's future development to state ownership only
Explanation
An environmental covenant (institutional control) restricts future use of a remediated property to ensure the cleanup standards remain protective, for example prohibiting residential development or drinking water well installation if contamination remains at levels safe only for commercial use.
Related Vermont Environmental Questions
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