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Phase I Environmental
Assessments
The Eckland Phase I site assessment is
a detailed report, based upon ASTM standards and Client requirements,
that evaluates the environmental conditions and concerns of a property
and adjoining properties using the following:
- A historical review of records
pertaining to the subject property and surrounding area uses over
the past 50 years. Records such as aerial photographs, city directories,
fire insurance maps and historical maps are reviewed if they
are available.
- A regulatory review covering federal
and state environmental databases, as well as local agency
information, identifying area properties with known environmental
concerns.
- Visual site observations to attempt
to identify environmental concerns, such as underground storage
tanks or spills. Limited sampling for asbestos radon, lead-based paint and lead in water can be performed.
- Interviews with persons who are
knowledgeable about the site and familiar with its past use and
history.
Pre-Phase
II Remediation Cost Analysis
Phase II Exploration
Should the Phase I site assessment
indicate that further investigation is warranted, Phase II work
can be performed as follows:
- The extent and severity of the
identified environmental concerns are determined through testing
to characterize site conditions.
If requested, a Remediation Cost
Analysis is prepared. This is a business decision tool that quantifies
potential environmental remediation costs on a property by modeling
site conditions and applying engineering judgement. Results of this
analysis can be used in purchase negotiations or to establish an
escrow reserve account.
Phase
III Remediation
Our Phase III Remediation Services
are designed to mitigate the environmental conditions identified
during Phase II work and to achieve regulatory site closure.
- We provide a means of restoring
the marketability of the property by evaluating remedial alternatives,
preparing a work plan, designing the remedial system and seeing
the remediation process through to closure.
- Our remedial capabilities include
construction management, environmental
sampling, system operation and maintenance and preparation of
closure reports.
Environmental Desktop
Reviews and Report Updates
Eckland is frequently
called upon to review environmental reports prepared by others.
Through this service, we provide a current, third party evaluation
of a property's environmental conditions. Our reviews focus on identifying
environmental concerns, as well as evaluating report quality and
conformance to ASTM and/or Client standards. Report updates on
recently completed environmental assessments are often conducted
where a new Phase I is not deemed necessary.
Compliance
Reviews
Eckland's environmental
professionals assist our Clients in documenting whether activities
at environmentally regulated tenant locations are conducted in accordance
with current regulatory standards. These services provide property
owners and lenders with periodic environmental observations to reduce
the environmental liabilities associated with the tenant's operations.
They are typically performed outside a real estate transaction and
allow any necessary corrective action to be taken without constraining
the transaction. These services are also performed as follow-up
monitoring programs for environmentally active tenants during the
term of a loan or lease.
Transaction Screens
A Transaction Screen is performed
for small cap loans and on sites perceived to represent a low environmental
concerns. The Transaction Screen consists of a visual site reconnaissance,
a government records search and completion a site history checklist.
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