(A) An environmental covenant is perpetual unless any of the following applies:
(1) The environmental covenant is limited by its terms to a specific duration or is terminated by its terms by the occurrence of a specific event.
(2) The environmental covenant is terminated by consent pursuant to section 5301.90 of the Revised Code.
(3) The environmental covenant is terminated pursuant to division (B) of this section.
(4) The environmental covenant is terminated by foreclosure of an interest that has priority over the environmental covenant.
(5) The environmental covenant is terminated or modified in an eminent domain proceeding, but only if all of the following apply:
(a) The agency that signed the environmental covenant is a party to the proceeding.
(b) All persons identified in divisions (A) and (B) of section 5301.90 of the Revised code are given notice of the pendency of the proceeding.
(c) The court determines, after a hearing, that the termination or modification will not adversely affect human health or safety or the environment.
(B) If the agency that signed an environmental covenant has determined that the intended benefits of the environmental covenant can no longer be realized, a court, under the doctrine of changed circumstances, in an action in which all persons identified in divisions (A) and (B) of section 5301.90 of the Revised Code have been given notice, may terminate the environmental covenant or reduce its burden on the real property that is subject to the environmental covenant.
(C) Except as otherwise provided in divisions (A) and (B) of this section, an environmental covenant may not be extinguished, limited, or impaired through issuance of a tax deed, foreclosure of a tax lien, or application of the doctrine of adverse possession, prescription, abandonment, waiver, lack of enforcement, or acquiescence or a similar doctrine.
Effective Date: 12-30-2004