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Phase I Environmental Site Assessment Former Liberty Street School 10 Liberty Street Warren, RI May 2009 317 Iron Horse Way Suite 204 Providence RI 02908 Table of Contents Phase I Environmental Site
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What is phase 1 environmental report?
Phase 1 environmental report is a document that assesses the environmental conditions and potential risks of a property. It is typically conducted during the due diligence process of a real estate transaction.
Who is required to file phase 1 environmental report?
Typically, potential property buyers or lenders require the seller to provide a phase 1 environmental report. Additionally, regulatory agencies may also require certain industries, such as petroleum or chemical manufacturers, to file these reports.
How to fill out phase 1 environmental report?
Filling out a phase 1 environmental report involves conducting a thorough site inspection, reviewing available historical records, and assessing potential environmental risks. It is typically performed by environmental consultants or professionals with expertise in environmental assessments.
What is the purpose of phase 1 environmental report?
The purpose of a phase 1 environmental report is to identify potential environmental contamination or risks associated with a property. This information helps buyers, lenders, or regulatory agencies make informed decisions regarding environmental liabilities and potential impacts on human health and the environment.
What information must be reported on phase 1 environmental report?
A phase 1 environmental report typically includes information about the property's history, adjacent land uses, potential sources of contamination, regulatory compliance, and onsite observations. It may also include recommended further investigation or additional testing.
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