Phase 1 Environmental Site Assessment financial definition of Phase 1 Environmental Site Assessment
Phase I Environmental Site Assessment (redirected from Phase 1 Environmental Site Assessment)
Phase I Environmental Site Assessment
Investigation of real property to determine the possibility of contamination, based on visual observation and property history, but no physical testing. Under new Environmental Protection Agency regulations that went into effect on November 1, 2006,a Phase I,as it is called for short,will be mandatory for all investors who wish to take advantage of CERCLA defenses that will shield them from liability for future cleanup,should that prove necessary. The new Phase I rules, called “All Appropriate Inquiry” or AAI, also require more investigation than previously mandated. Investors can expect to see dramatic price increases over prior experiences.
References in periodicals archive
The assessment is to be based on ASTM Standard Practice for Environmental Site Assessments: Phase 1 Environmental Site Assessment
Process (E1527-013) and Phase II ESA process E-1903-97 as well as the following requirements: 1.
The City of Newport is applying for a planning grant through the Vermont Community Development Program for the Gardner Memorial Park Restoration Project and is seeking proposals from qualified consultants to conduct a Phase 1 Environmental Site Assessment
(ESA) in accordance with HUD guidelines and the 2013 standard (ASTM E1527-13).
Contract awarded for phase 1 environmental site assessment
22 undeveloped blocks - o malley act