85-22 Attachement-1 Lakeside Ave.pdf

MATRIXNEWORLD Engineering Progress * Conduct interviews of individuals with knowledge of or familiarity with the Site, including present and past owners, operators and/or occupants of the Site and/or local officials, as applicable. Please inform us if this is a cause for concern for reasons of confidentiality with the proposed business transaction; * Conduct a seview of readily available and reasonably ascertainable federal, state, and local government records concerning the Site and adjoining properties. If the Site or any adjoining properties is identified, pertinent regulatory files and/or records associated with the listing may be reviewed. Costs to obtain and review file information for adjoining and/or surrounding properties ((.e., other than that included in the standard environmental record sources reviewed for the Site} are not Included in this cost estimate; if necessary, a separate cost estimate will be prepared to obtain and review these files. If, in the environmental professional's opinion, such a review is not warranted, the environmental professional will explain in the report the justification for not conducting the regulatory file review; * Conduct a review of previous environmental reports/dacumentation, as provided to Matrix; « Conduct a review of environmental liens, if provided or authorized to obtain by the User (see below); and « Prepare a report summarizing findings, opinions, and conclusions (see below). According to the ASTM E1527-13 standard, a Phase | ESA is considered valid if completed within 180 days prior to the date of acquisition of the subject praperty or (for transactions not involving an acquisition) the date of the intended transaction. If the Phase | ESA is completed between 180 days and one year of the date of acquisition or (for transactions not involving an acquisition) the date of the intended transaction, several components of the assessment will need to be updated, including the following tasks: * Conduct a follow-up Inspection of the subject and surrounding properties; «Interview past and present owners, operators, and occupants; « Review of federal, tribal, state, and local government records; ¢ Search for recorded environmental cleanup liens; and ¢ Issue a signed declaration of the environmental professional. If an updated Phase | report is requested, Client will be advised of the additional

arch for recorded environmental cleanup liens; and ¢ Issue a signed declaration of the environmental professional. If an updated Phase | report is requested, Client will be advised of the additional costs. USER RESPONSIBILITIES The completion of a Phase | ESA is intended to satisfy one of the requirements for the “User” to qualify for the Innocent landowner, contiguous property owner, or bona fide prospective purchaser limitations pursuant to the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), thereby constituting ai! appropriate inquiries into the previous ownership and uses of the property consistent with good commercial or customary practice as defined by 42 U.S.C. §9601(35)(B) of CERCLA. Section 6 of the ASTM E1527-13 standard describes the tasks to be performed by the “User” of the Phase | ESA in order to qualify for one of the above-listed Landowner Liabllity Protections (LLPs). A User is defined by the ASTM E1527-13 standard as the party seeking to use Practice E1527 to complete an environmental site assessment of the property. A User may include, without limitation, a potential purchaser of property, a potential tenant of property, an owner of the property, a lender, or property manager. Based on this definition, Matrix understands that the User(s) associated with this Phase | ESA proposal is the Client, listed above. FA2022\22-0367 1 Lakeside Avenue - Twin Towing\Proposal\Phase | ESA_Twln Towing.docx 2