After receiving an NOAA letter informing you of their intent to pursue your company for Natural Resource Damages (NRD) you probably imagined a long and expensive process that would distract you and your organization from your main objectives. We’d like to suggest a quicker and more efficient way to deal with your NRD assessment, and it’s as simple as two steps.
The first step is settling with the Elliott Bay Trustees who oversee all NRD assessments for the Lower Duwamish. This step takes place entirely between you and the trustees. Since settlements are determined by the number of discounted-service-acre-year (DSAY) units that have been assigned to your organization by NOAA no dollar amount is assessed, and your negotiated settlement is in DSAYs. It is up to you to tackle the restoration.
It’s in step two where you can save. Your choices are to hire a team of engineers, consultants and lawyers to address your restoration responsibilities, or to purchase restoration NRD Bank® credits. Taking on a restoration project on your own is expensive, time consuming, and still leaves you liable to claims made by other potentially responsible parties (PRPs). It’s the kind of thing that can keep you up at night and distract you and your company from focusing on your key objectives.
Purchasing NRD Bank® credits is a better way to go. Our company, Bluefield Holdings, has agreements with the Elliott Bay Trustee Council to sell Lower Duwamish NRDA credits. One DSAY is equal to one credit. When you purchase NRD Bank® credits from Bluefield you are protected from further legal actions and have no downstream restoration responsibilities, and you complete your Lower Duwamish settlement/restoration responsibilities without any hassle or consultant expenses.
By purchasing Bluefield NRD Bank® credits The City of Seattle and several private sector PRPs have settled their NRD obligations using Bluefield’s successful restoration projects. Both the Department of Justice and NOAA praised this type of agreement by noting benefits for all involved.
Bluefield Holdings is prepared help you and your organization in a similar manner. So why not contact us today to learn more about our NRD Bank® credits and how they can drastically simplify your process for addressing your assessment?