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Environmental - ESA

What is a Phase I Environmental Site Assessment? :

The purpose of a Phase I Environmental Site Assessment is to identify recognized environmental conditions as defined by ASTM Standard E1527-05, entitled: Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process. The term "recognized environmental conditions" is defined by the ASTM Standard as:

"the presence or likely presence of any hazardous substances or petroleum products on a property under conditions that indicate an existing release, a past release, or a material threat of a release of any hazardous substances, or petroleum products into the ground, groundwater, or surface water of a property."

Why do I need a Phase I environmental site assessment? :

A Phase I environmental site assessment is necessary if you wish to minimize your exposure to future environmental liabilities. Without completion of a Phase I ESA prior to the purchase of a property, a buyer can be liable for all environmental issues and clean-ups of the property. Items that could have been addressed by the seller or negotiated in the offer to purchase can go unaddressed until it is too late. Then, the liability is passed on to the buyer. In a time when regulators have little if any tolerance for noncompliance, the due diligence demonstrated in the form of a Phase I ESA can provide significant protection from liability for a relatively small cost.

What is the process? :

In order to identify any recognized environmental conditions in connection with a parcel of property, the Phase I ESA process has four major components.
  1. A records review which includes obtaining and reviewing records that will help identify recognized environmental conditions in connection with the property.
  2. A site reconnaissance of the property
  3. Interviews with owners and occupants to obtain information indicating the likelihood of identifying recognized environmenal conditions.
  4. An evaluation of acquired information and the presentation of findings and recommendations in a written report

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