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Phase 1 Environmental Site Assessment Practices for Commercial Real Estate: Transaction Screen & Phase I Site Assessment
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Provider:
ASTM (American Society for Testing & Materials)
Topic(s):
Real Estate
Who Should Attend?
Bankers, property owners, attorneys, upper managers in financial organizations/insurance companies/law firms, environmental consultants
Full Seminar Description
Learn why the ASTM Environmental Site Assessment Standard Practices for the Phase I Site Assessment and the Transaction Screen Process (E1527-05 and E1528-06) were developed, how to use the standards, and how the standards affect the way you do business. You will gain an understanding of the 'Innocent Landowner Defense' under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), and why due diligence is necessary. Fee per person: $895.Learn why the ASTM Environmental Site Assessment Standard Practices for the Phase I Site Assessment and the Transaction Screen Process (E1527-05 and E1528-06) were developed, how to use the standards, and how the standards affect the way you do business.
You will gain an understanding of the "Innocent Landowner Defense" under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), and why due diligence is necessary.
The Small Business Liability Relief and Brownfields Revitalization Act of 2002 added two new CERCLA Landowner Liability Protections to the existing Innocent Landowner Defense:
- * Bona Fide Prospective Purchaser
- *Contiguous Property Owner
The Act also directed USEPA to promulgate a rule containing standards and practices for conducting All Appropriate Inquiries (AAI) for persons seeking to qualify for the three defenses . This new rule was published in the Federal Register on November 1, 2005 and became effective November 1, 2006.
The USEPA has determined that the new ASTM Standard E 1527-05 is in full compliance with the requirements for conducting AAI specified in the recently published EPA rule: Standards for Conducting All Appropriate Inquiries.
On-Site Training Available ASTM can bring this course to your site for groups of 10 or more. On-site training courses can also be tailored to meet your specific needs.
Free ASTM Membership
Attend this course and receive a FREE 1-year membership to ASTM International and Committee E50 on Environmental Assessment, Risk Management, and Corrective Action. (Applies to new members only and may not be used to renew existing memberships)
Attention: Professional Engineers
If your state has a continuing education requirement for license renewal, ASTM training courses and ASTM membership can help you meet that requirement.
Fee Includes
- * Standard Practice E1527-05 for Environmental Site Assessments: Phase I Environmental Site Assess. Process
- * Standard Practice E1528-06 for Environmental Site Assessments: Transaction Screen Process
- * Case Studies and Course Notes
- * Sample Government Records Review Reports
- * Sample Transaction Screen Questionnaire
- * Refreshment Breaks
Refunds will be made for cancellations received before the first day of class.
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 Site Assessment reports
Course Outline
Registration (8 a.m. on Tues.)
Class: (8:30 a.m.- 4:30 p.m. on Tues.)
(8:30 a.m. - 4 p.m. on Wed.)
Day 1
- Introduction
- Regulatory/Liability Overview
- Why ASTM?
- Q&A
- Small Business Liability Relief & Brownfields Revitalization Act
- EPA AAI and ASTM E1527-05
- ASTM E1527-05 Phase I Environmental Site Assessment 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 E1528-06 Practice for Transaction Screen Process
- Overview of Transaction Screen - User/Preparer Responsibilities
- Transaction Screen Questionnaire
- Interviews
- Prior Assessments
- Records Research
- Site Visit
- Non-Scope Considerations
- Limitations
- Liability Issues
- Other ASTM Activities
- Question & Answer Session
Certificate and CEUs Each course participant will receive a certificate of completion and 1.4 Continuing Education Units (CEUs).
About ASTM and Sponsoring Committee E50
ASTM is one of the world's largest voluntary standards development organizations. Recognizing the need for authoritative site assessment standards, ASTM pulled together environmental professionals, real estate and insurance professionals, lawyers, and government representatives. These members of Committee E50 and its Subcommittee E50.02 on Commercial Real Estate Transactions developed the standards upon which this course is based.
ASTM publishes the 82-volume Annual Book of ASTM Standards (available on CD ROM), which contain over 11,000 standards written by 34,000 members on 140 technical committees. These standards are widely used throughout the world as the basis of purchasing and other contracts, codes, laws and regulations.
Sponsor Background:
ASTM, celebrated it's 100th anniversary in 1998, is one of the world's largest voluntary standards development organizations. ASTM standards have grown to be among the world's most widely used and accepted documents. The 81-volume Annual Book of ASTM Standards contains over 12,000 standards written by 34,000 members on our 140 technical committees. These standards and related information are widely used throughout the world as the basis of purchasing and other contracts, codes, laws and regulations. ASTM Committee D-2 on Petroleum Products and Lubricants developed the standard used in this course.Instructor Background:
This course will be taught by instructors who contributed to the development of E1527-05 and E1528-06, and are now involved in developing new ASTM environmental assessment standards.Quote From Past Participants:
"The instructors did a great job in comparison to other technical seminars I have attended. They are very knowledgeable and easy-to-understand. Overall -- well done!" Utah Power -- Pacificorp "A valuable experience! I would highly recommend it to others." Environmental and Safety Resources, Inc.
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