Standard Practice for Environmental Site Assessments: Depending upon precise protocols utilized, there are a number of variations in the scope of a Phase I study. Nevertheless, this practice is intended to reflect a commercially prudent and reasonable inquiry. Section 2 is Referenced Documents. This document cannot replace education or experience and should be used in conjunction with professional judgment.
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Section 1 is the Scope. Not all aspects of this practice may be applicable in all circumstances. Therefore, this practice describes procedures to be followed to assist users in determining the appropriateness of using information in environmental site assessments performed more than one year prior to the date of acquisition of the property or for transactions not involving an acquisition the date of the intended transaction.
The system of prior assessment usage is based on the following principles that should be adhered to in addition to the specific procedures set forth elsewhere in this practice:. At least one jurisdiction in Canada Ontario now requires the completion of a Phase I prior to the transfer of some types of industrial properties. Languages Nederlands Edit links. Section 4 is Significance and Use of this practice.
Appendix X3 provides an optional User Questionnaire to assist the user and the environmental e15227 in gathering information from the user that may be material to identifying recognized environmental conditions.
Most site assessments are conducted by private companies independent of the owner or potential purchaser of the land. Section 13 provides additional information regarding non-scope considerations see 1.
Phase I environmental site assessment - Wikipedia
These include, but are not limited to: Appendix X5 summarizes non-scope considerations that persons may want to assess. The associated reportage details the steps taken to perform site cleanup and the follow-up monitoring for residual contaminants. Section 5 provides discussion regarding activity and use limitations.
Environmental site assessments must be evaluated based on the reasonableness of judgments made at the time and under the circumstances e1572 which they were made. As early as the s specific property purchasers in the United States undertook studies resembling current Phase I ESAs, to assess risks of ownership of commercial properties which had a high degree of risk from prior toxic chemical use or disposal. Section 13 of this practice identifies, for informational purposes, certain environmental conditions not an all-inclusive list that may exist on a property that are beyond the scope of this practice, but may warrant consideration by parties to a commercial real estate transaction.
In most cases, the public file searches, historical zstm and chain-of-title examinations are outsourced to information services that specialize in such activities. Environmental Assessment has little to do with the subject of hazardous substance liability, but rather is a study preliminary to an Environmental Impact Qstmwhich identifies environmental impacts adtm a land development action and analyzes a broad set of parameters including biodiversityenvironmental noisewater pollutionair pollutiontrafficgeotechnical risks, visual impacts, public safety issues and also hazardous substance issues.
Referenced Documents purchase separately The documents listed below are referenced within the subject standard but are not provided as part of the standard. De minimis conditions are not recognized environmental conditions. Consequently, this practice does not address many additional issues raised in transactions such as purchases of business entities, or interests therein, or of astn assets, that may well involve environmental liabilities pertaining to properties previously owned or operated or other off-site environmental liabilities.
Phase III investigations may involve intensive testing, sampling, and monitoring, "fate and transport" studies and other modeling, and the design of feasibility studies for remediation and remedial plans.
Phase I environmental site assessment
Subject to Section 4. When the field visit component is deleted the study is sometimes called a Transaction Screen.
Many times these studies were preparatory to understanding the nature of cleanup costs if the property was being considered for redevelopment or change of land use. Environmental Asmt Agency's Superfund program. This practice is intended primarily as an approach to conducting an inquiry designed to identify recognized environmental conditions in connection with a property.
As such, sufficient documentation of all sources, records, and resources utilized in conducting the inquiry required by this practice must be provided in the written report refer to 8.