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Basedonareviewofhistoricalsources,thesubjectpropertywasidentifiedtoconsistof <br />undevelopedlandfromasfarbackasatleast1938throughthepresentday.AEIdidnotidentify <br />potentialenvironmentalconcernsinassociationwiththecurrentorhistoricaluseofthesubject <br />property. <br />The immediately surrounding properties consist of the following: <br />Regulatory Database <br />Direction from SiteTenant/Use (Address) <br />Listing(s) <br />North Dollar General (1218 South Broadway Street)None <br />East South Broadway Street, followed by Churchill PlaceNone <br />Apartments (1201 South Broadway Street) <br />South South L Street, followed by City of La Port buildingNone <br />(1302 South Broadway Street) <br />West Undeveloped landNone <br />None of the surrounding properties were listed in the regulatory database. <br />Basedupontopographicmapinterpretation,thedirectionofgroundwaterflowbeneaththe <br />subjectpropertyisinferredtobetothesoutheast.Basedongroundwatermonitoringdata <br />fromsubmitteddriller'sreportsobtainedfromtheTexasWaterDevelopmentBoard(TWDB), <br />groundwater is presumed to be present at an estimated depth of5-10feet bgs. <br />F INDINGS <br />RecognizedEnvironmentalCondition(REC)isdefinedbytheASTMStandardPracticeE1527-13 <br />asthepresenceorlikelypresenceofanyhazardoussubstancesorpetroleumproductsin,on,or <br />ataproperty:(1)duetoreleasetotheenvironment;(2)underconditionsindicativeofarelease <br />totheenvironment;or(3)underconditionsthatposeamaterialthreatofafuturereleasetothe <br />environment. <br />¥AEI did not identify evidence of RECs during the course of this assessment. <br />ControlledRecognizedEnvironmentalCondition(CREC)isdefinedbytheASTMStandardPractice <br />E1527-13asapastreleaseofhazardoussubstancesorpetroleumproductsthathasbeen <br />addressedtothesatisfactionoftheapplicableregulatoryauthority,withhazardoussubstances <br />orpetroleumproductsallowedtoremaininplacesubjecttotheimplementationofrequired <br />controls. <br />¥AEI did not identify evidence of CRECs during the course of this assessment. <br />HistoricalRecognizedEnvironmentalCondition(HREC)isdefinedbytheASTMStandardPractice <br />E1527-13asapastreleaseofanyhazardoussubstancesorpetroleumproductsthathasoccurred <br />inconnectionwiththepropertyandhasbeenaddressedtothesatisfactionoftheapplicable <br />regulatoryauthorityormeetingunrestrictedusecriteriaestablishedbyaregulatoryauthority, <br />without subjecting the property to any required controls. <br />¥AEI did not identify evidence of HRECs during the course of this assessment. <br />Project No. 368495 <br />March 1, 2017 <br />Page7 <br /> <br />