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Sponsored by Lorman Education
Product ID: 409200EAU
 
Credit & Course Provided by:

Understanding Phase I Environmental Site Assessments: The All Appropriate Inquiry

OnDemand Webinar (60 minutes)

Understand the origin and intent of the ASTM Phase I ESA standard practice.Since the mid-1990s, the Phase I Environmental Site Assessment has been a critical component of the due diligence conducted for commercial real estate transactions and financings in the United States. However, the process remains a black box for many people who rely on the Phase I ESA for important business decisions. The objective of this topic is to shed some light into the black box. You will first be provided with an overview of the origin and goals of the Phase I ESA, followed by a brief overview of the Phase I ESA process and the contents of the Phase I ESA report. You will get practical advice of what to look for in a Phase I ESA report and what to look for in the environmental professional who will conduct it.

Authors

Benjamin Alter, PG, LSRP, GZA GeoEnvironmental, Inc.

Agenda

Introduction to the Phase I ESA

• Objectives of the Training Session

• Concept of Due Diligence

Origins of the Phase I ESA

• Superfund Liability

• All Appropriate Inquiries

• Liability Protections Offered

ASTM Standard Practice for Phase I ESA

• Recognized Environmental Conditions

• HRECs, CRECs, De Minimis Conditions

• Environmental Risks Not Covered by the ASTM Standard Practice

Conducting a Phase I ESA

• Site Reconnaissance

• Interviews

• Review of Historical and Regulatory Data

• Types of Data Gaps

Report Preparation and Wrap-up

• Goals of the Report

• Required Contents of the Report

• Upcoming Revisions to the ASTM Standard Practice

• Questions and Answers