BLDI
Phase I Environmental Site Assessment Services
FromBLDI
A Phase I ESA is the first step in the process of Environmental Due Diligence (EDD). It is a report prepared by an Environmental Professional (EP) for a commercial or industrial real estate holding with the process guided by the ASTM E-1527 standard. The purpose of a Phase I ESA is to identify potential or existing environmental contamination liabilities.
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phase I assessment
The following information is collected and reviewed for inclusion into a Phase I report:
- Interviews with past and present owners, a site manager, current occupants, and neighbors as necessary
- Evaluation of the potential risk of neighboring properties upon the subject property
- Review of historical sources of information, e.g., historical fire insurance maps,
historical aerial photos - Reviews of applicable federal, state, tribal and local government records
- File reviews of relevant public agencies: assessing and building department records, fire department, county health department, etc.
- Commonly known or reasonably ascertainable information
- Examine current USGS maps scrutinizing drainage and topography
- Discussions regarding any specialized knowledge or experience of the prospective landowner related to the subject property or its operations (former, current, or prospective)
- Review potential for activity and land use limitations and environmental liens
- Assessment of the relationship of the purchase price to the fair market value of the subject property, if the subject property were not contaminated
Once collected, the Environmental Professional (EP) will determine if there are RECs on the subject property. If so, the EP will suggest that the RECs be resolved with a Phase II ESA.