Environmental issues and Commercial Real Estate
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Transcript of Environmental issues and Commercial Real Estate
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How Environmental Issues Impact Real Estate
Gordon A. OnleyFisher Environmental Ltd.
2011
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What you need to know: The following is the first few slides of a
presentation designed for commercial real estate professionals, on how environmental issues can impact real estate.
Depending on the material covered, “live” presentations take from 30 minutes to 2 hours (including Q & A for audience members).
For more information contact Gordon Onley at 905-475-7755 x 63 or go to www.fisherenvironmental.blogspot.com
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What are we going to discuss?What is an Environmental Site Assessment
ESA?Why order an ESA?What are the different types of ESA's?
-------Optional Break--------Record of Site Condition (RSC)Risk Assessments (RA)Designated Substance Surveys (DSS)Grow-Ops - MouldBuilding Condition Assessments (BCA)
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What is an ESA? An assessment of real property. Accordance with provincial regulations, CSA Standard Z768-01 & Z769-
00. Supervised by a "Qualified Person" (QP) with no interest* in the property.
An ESA seeks to determine:
1. "Likelihood" of contamination on, in or under the property. 2. If necessary, identify "Location and Concentration" of contaminants.
Can be a Multi-Stage Process.
*new rule for July 2011.
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Phase 1 – Site ReconnaissanceBe Aware of Potentially Contaminating Activities (PCA)
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Phase 1 – Records ReviewSurveys
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Why order an ESA?Due Diligence Tool.Usually required by Lenders and Purchasers.Recognized and Standardized.Helps protect against Environmental and
Legal Liability.
Usually requested because a property is being sold or refinanced.
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Phase 2 - Plan the Site InvestigationConsider groundwater flow
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3d model of contamination
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Indoor Air Quality – AsbestosAsbestos Containing Materials (ACM) – Poor Condition
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Indoor Air Quality – Mold
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Thank-you
For more information contact Gordon Onley at 905-475-7755 x 63 or go to www.fisherenvironmental.blogspot.com