Banfield Realty LLC v . City of Portsmouth, et.al. – Settlement Agreement
July 15, 2026
Attached is a Settlement Agreement between the City of Portsmouth and Banfield Realty LLC, that has been approved by the Court. The Settlement Agreement releases the City from all claims asserted by Banfield Realty, LLC and Green Valley Realty, LLC. No money damages are awarded to either party. In addition, the Agreement provides the City with a release from any potential or alleged environmental claims relating to any alleged contamination of 375 Banfield Road from the City’s abutting property at 100 Campus Drive. Based upon this Agreement, the Court has dismissed the suit, with prejudice.
In addition to the release of claims, the Agreement secures for the City a joint and several indemnification obligations that run with the land, along with a recordable notice of release and indemnification to be delivered within thirty days of the Effective Date.