5 Pts. Property - Phase I & II Environmental Site Assessment fior commerical property at Broadway and East A street.

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4A VALUATION REDUCTION FOR ENVIRONMENTAL ISSUES The determination of any valuation reduction is beyond the scope of this Phase I ESA. 4.5 OWNER, PROPERTY MANAGER, AND OCCUPANT INFORMATION 4.6 REASON FOR PERFORMING THE ENVIRONMENTAL SITE ASSESSMENT The purpose of the Phase I & II standard is to identify recognized environmental conditions in connection with a property using the methodology recommended by the ASTM. The objective is for the property owner to qualify for the innocent -landowner defense against CERCIA liability, or to help understand potential environmental conditions that could materially impact the operation of the business associated with the property. Recognized environmental conditions are defined by ASTM Standard E 1527-05 as: the presence or likely presence of any hazardous substances or petroleum products on property under conditions that indicated an existing release, a past release or a material threat of a release of any hazardous substances or petroleum products into structures on the property or into the ground, ground water or surface water of the property. The term includes hazardous substances or petroleum products even under conditions in compliance with laws. The term is not intended to include de minimis conditions that generally do not present a material risk of harm to public health or the environment and that generally would not be the subject of an enforcement action if brought to the attention of appropriate governmental agencies. An analysis or discussion of wetlands, which may impact the area of the property that can be developed, is not required under the ASTM standards. Moreover, asbestos and lead -based paint, items of potential environmental concern that may significantly impact renovation/demolishing costs are not required by the ASTM standards. The ESA process essentially consists of four components: records review, site visit, interviews and report preparation. Commercial Property Geo-Tech Emi onmental Inc Broadway & East A St., La Porte, Tx 77571 Project Number:06343 17