Phase I Environmental Site Assessment (ESA) Practices for Commercial Real Estate Transaction Screen and Phase I Site Assessment
Sponsored by Committee E50 on Environmental Assessment, Risk Management, and Corrective Action
Hosted by the Midwestern States Environmental Consultants Association
Wednesday, August 31st & Thursday, September 1st, 2022 | 8:30am – 4:30pm EST
This course covers the ASTM Environmental Site Assessment Standard Practices for the Phase I Site Assessment Process (E1527) and the Transaction Screen Process (E1528). You will gain an understanding of how to use the standards and how the standards affect the way you do business.
The instructor will also discuss the “Innocent Landowner Defense” under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), and why due diligence is necessary. Coverage includes discussion of the changes to the E1527 standard as well as the Small Business Liability Relief and Brownfields Revitalization Act.
Who Should Attend
- Environmental professionals, appraisers, property owners
- Upper managers in financial organizations, insurance companies, and law firms
- Attorneys and bankers
- Anyone who completes the Transaction Screen Process and fills out the form
- Anyone responsible for reviewing Transaction Screens or Phase I ESA reports
Day 1
- Introduction
- Regulatory/liability overview
- Why ASTM?
- Small Business Liability Relief and Brownfields Revitalization Act
- EPA AAI and ASTM E1527
- ASTM E1527 Phase I ESA Process
- Phase I introduction
- Records research
- Site reconnaissance
- Interviews
- Site visit video/ discussion
- Report preparation
- Introduction to Phase I case study
Day 2
- Review of day 1
- Phase I case study
- Phase I summary
- Attributes of responsible change
- Changes to E1527 to comply with AAI Rule
- ASTM E1528 Practice for Transaction Screen Process
- Overview
- Transaction screen questionnaire
- Interviews
- Prior assessments
- Records research
- Site visit
- Non-scope considerations
- Limitations
- Liability issues
- Question and Answer Session