
Phase I Environmental Assessments & Transaction ScreensPhase I Environmental Assessments are an investigative tool used by sellers and buyers of real estate, lending institutions, and investors to assist in making an informed decision regarding the environmental condition of a property. The term property is used here in a broad sense to include commercial and industrial parcels, agricultural parcels, and in some cases residential properties. The consulting staff at ProTank has performed over 100 Phase I assessments for a variety of clients in the New Jersey / New York area and would be happy to discuss the steps involved in a Phase I as it pertains to your particular site. Listed below is a general outline of the steps involved in the preparation of a Phase I Environmental Assessment. Scope of WorkThe scope of work to be performed in preparing a Phase I is
divided into the following tasks: 1) Site Inspection, 2) Records
Review and Historical Information Search, and 3) Report Preparation. A Phase I Environmental Assessment generally consists of the following:
Specific details associated with each task are presented below. Task 1: Site InspectionA site inspection is conducted in order to assess the use and/or storage of hazardous substances in order to evaluate possible areas of concern. The operations that are currently ongoing are reviewed in order evaluate the manufacturing processes and to determine if historical operations at the subject site may have had an impact. The inspection covers all portions of the building(s) including the offices, basement(s), warehouse(s), and manufacturing areas. Task 2: Records ReviewInformation from thirteen basic record systems compiled by the United States Environmental Protection Agency (USEPA) are reviewed. These programs include, but are not necessarily limited to, the following:
In addition to the Federal lists, State and local lists are be reviewed. Task 3: Report PreparationA Phase I Environmental Assessment report is prepared upon completion of the site, historical, and data review. The site assessment includes a description of the interior and exterior reconnaissance of the subject site, a review of information available from local, state, and federal regulatory agencies, photographic documentation of the subject site, and recommendations based on the inspection and database search and review. While the ASTM standard is used as a reference in determining a basic information guide, a client can also tailor a Phase I to fit their needs and requirements. ProTank's professional staff will be happy to work with you to develop a Phase I criteria to fit your needs. Transaction ScreenA Transaction Screen is basically a Phase I that has been reduced in scope and magnitude. A Transaction Screen is often conducted on a property that does not have a history of commercial or industrial use or has a low dollar value. In conducting a Transaction Screen a site inspection is still conducted of the subject site; however, the data base review is reduced. In addition, the reporting is also reduced in scope and observations regarding any environmental concerns are included in the report but there are no recommendations made regarding resolutions to any of the concerns. As stated above, the Transaction Screen format has been established by the ASTM, however Pro Tank can develop a screening process that can be tailor made to your specific needs. |
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