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This detailed Phase One Environmental Site Assessment identifies potential contamination at 1154, 1176, 1180, and 1208 Old Montreal Road, Ottawa, Ontario, for DCR Phoenix.
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A Phase One Environmental Site Assessment (ESA) is an investigation conducted to assess the past and current use of a property to identify any potential environmental contamination and to evaluate the risks associated with the property.
Typically, parties involved in the purchase or financing of a property, such as buyers, lenders, and real estate developers, are required to conduct and file a Phase One Environmental Site Assessment.
To fill out a Phase One Environmental Site Assessment, the assessor must conduct a detailed review of the property, which includes historical research, site inspections, and interviews. The findings are then documented in a report that outlines any recognized environmental conditions (RECs).
The purpose of a Phase One Environmental Site Assessment is to identify potential environmental contaminants in order to assess liability, ensure compliance with regulations, and facilitate informed decision-making regarding property transactions.
The report must include information such as the property's history, environmental records, any potential contamination sources, site observations, and the conclusion regarding any recognized environmental conditions (RECs).
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