Resource Consultants, Inc. v. Alamex, Inc.

INGRAM, Justice.

In 1984, Alamex, Inc., and Resource Consultants, Inc. (“RCI”), entered into an agreement concerning RCI’s use of certain property in which Alamex holds a leasehold interest. Pursuant to the terms of the agreement, RCI acquired the right to use the property for the purpose of conducting its business operations, which consist of the unloading, treatment, storage, and disposal of waste solids and liquids. The term of the agreement was 10 years; RCI had the option to renew the term for an additional five years. RCI used four settling ponds located on the premises. Three ponds were…