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This document presents a Phase I Environmental Site Assessment for 40-60 Emma St. S., Grand Valley, ON, conducted on January 20, 2023, revealing no evidence of recognized environmental conditions.
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Phase I Environmental Site Assessment (ESA) is a process that identifies the potential for contamination in properties by reviewing historical use, conducting site inspections, and interviewing stakeholders.
Typically, property buyers, lenders, or developers are required to file a Phase I Environmental Site Assessment as part of due diligence before purchasing or financing a property.
Filling out a Phase I ESA involves gathering historical records, conducting site inspections, interviewing relevant parties, and documenting findings in a report that follows ASTM standards.
The purpose of a Phase I Environmental Site Assessment is to evaluate potential environmental contamination, support land transactions, and mitigate liability risks.
The report must include site history, land use, physical site characteristics, findings from site inspections, and any recognized environmental conditions.
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