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The Phase I Environmental Site Assessment intends to satisfy the due diligence requirements of a property transaction using ASTM or client-specific guidelines by identifying possible environmental impairments on a particular property. They usually include: An on-site visual inspection of the subject property to identify recognized environmental concerns. An on-site visual inspection of the subject property to identify recognized environmental concerns. Data review regarding local geology and hydrology. An assessment of current and past uses and practices of the property with particular attention given to assessing if any hazardous material or waste practices have occurred at the site. A physical survey of the property and surrounding properties to assess general land use and occupants of the area. Assessment of the historic land use and development of the property through an interpretation of fire insurance maps, city directories, and/or aerial photographs of the site and interviews with persons knowledgeable of the site history. A review of owner/operator records Review of local, state, and federal regulatory agency records maintained for the site. |
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