City of St Louis v. Michigan Underground Storage Tank Financial Assurance Policy Board

Claimant appeals as of right the circuit court’s order affirming respondent’s denial of claimant’s application for funds under the Mich igan Underground Storage Tank Financial Assurance Act (mustfaa), MCL 299.801 et seq.; MSA 13.29(201) et seq. We affirm.

In October 1988, claimant purchased a parcel of property that had formerly been used as a gasoline station. Claimant planned to convert the property into a useful parcel in order to revitalize its downtown business district. Although claimant knew there were underground storage tanks on the property, it believed that the debtor-in-possession…