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The Role of the Phase II Study in Assessing Environmental Liabilities

Environmental considerations play a significant role in the sale or transfer of properties for various property stakeholders and as such, environmental due diligence has become a standard in most transactions. Lending institutions, title companies and purchasers often require site assessments to assess the environmental condition of a property and identify potential environmental conditions that could affect its value.

虽然I阶段环境现场评估(ESAs)确定通过危险物质(石油烃,重金属,溶剂等)污染部位的潜力,但II期环境部位评估是当I ESA识别的阶段时的逻辑下一步公认的环境条件(REC)。还称为地下调查或现场调查,对II期的需求可能导致Comerensation,但保证在财产转让中不一定是交易破坏者。在每个人都有兴趣,了解可能影响财产价值或重新开发能力的环境条件。

虽然II阶段ESAS可以遵循ASTM E1903-11中拼写的一般方案(环境部位评估的标准做法:II期环境现场评估过程),但每个II阶段都是独一无二的,因为每个属性都是独一无二的。因此,用于识别污染的方法和工具将是特定于地的。与阶段I ESA不同,所有适当的查询(AAI)规则,第二阶段不是规则,而是具有用于执行评估的基本参数的标准。工作范围是基于环境尽职调查专业人士(熟悉联邦,州和地方环境法规的职业地质学家或工程师)的专业意见,并由客户接受。工作范围考虑了REC,适用法规,历史使用和地质,可接受的风险程度和客户需求。

The scope of work may include, but is not limited to:

  • 表面土壤,水和空气抽样
  • Subsurface Soil Borings
  • Groundwater Monitoring Well Installation, Sampling and Analysis
  • Evaluation and Sampling of buried tanks, drums, dry wells, floor drains, and catch basins
  • Underground storage tank testing
  • Vapor Intrusion Analysis

Lenders may automatically require a Phase II ESA for properties with a history of dry-cleaning operations, filling stations with underground storage tanks, automotive repair shops, industrial plants, and hazardous waste generating facilities. The media and contaminants that are sampled and analyzed vary depending on the historical use of the site. For example, while the investigation of manufacturing and industrial sites may focus on heavy metals in soil and groundwater, sampling at dry cleaner properties would include analyses for the common dry cleaning solvent, perchloroethylene (PERC). Lab results from sampling of multiple media are compared to regulatory limits established by the applicable regulatory agency. If your Phase II ESA report shows that your property has contamination issues, there may be no need to panic. Since most cleanups are risk-based, there are pragmatic, cost-effective options available.

A Phase II ESA can identify areas of contamination and the need for additional investigation, and form the basis to estimate potential remediation costs, and long-term environmental liabilities. Hiring a firm with experienced environmental professionals is crucial in properly assessing risk and moving towards making a sound business transaction.

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Braun Intertec has many years of experience in environmental site investigations, soil and groundwater assessments, contaminated site remediation and closure. For more information or if you have any questions, please give us a call or click the link below to fill out our Contact Us form.