Phase I Environmental Site Assessment

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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.

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3 Phase I ESA Review a) Consultant shall review the database search within the Phase I ESA Report b) Create a spreadsheet which lists the findings and recommendations stated in the report and the recommendation based on the report review c) Provide comments on the recommendations stated in the report d) Deliverables are one (1) hard copy and one (1) electronic copy of each review 4.
The purpose of the Phase I ESA is to gather sufficient information to develop an independent professional opinion about the environmental condition of the property and to identify actual or potential environmental contamination which may impact the property value or effect claim to an "innocent land owner" exemption following acquisition.
For additional information about American Environmental Assessment & Solutions, Inc, and to obtain a Phase I ESA quote please contact:
According to Environmental Data Resources' 2005 Environmental Site Assessment Industry Benchmark Report, three out of four environmental consultants predict that the AAI rule will require a greater level of effort compared to current Phase I ESA practices.
To meet that demand, consultants have stepped up their efforts to explore, and even invest in, technologies to streamline the Phase I ESA process.
A Phase I ESA is a comprehensive historical research project of a specific parcel of real estate.
If the Phase I ESA did not indicate any type of problem, and contamination was discovered at a later date, then the purchaser had an "innocent purchaser defense.
Prior to purchasing property you contact your environmental consultant and have a Phase I ESA conducted.
The impact of the downturn in commercial real estate transactions on Phase I ESA volume is tempered in part by the fact that site assessments are also conducted for foreclosures, which are increasing as loan defaults rise.
Successful Respondent will prepare an Area-Wide Phase I ESA Update for the Project area.
By shortening photo delivery time, EDR has helped decrease the turnaround time required by a typical Phase I ESA.
environmental conditions noted in the completed Phase I ESA reports for parcels associated with