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2018 Best Environmental Records Search & Risk
Environmental Records Search &
Risk Assessment (RSRA) is a low cost alternative to
1 Environmental Assessment.
Sometimes called "Preliminary Phase 1
Assessment", Environmental Records Search & Risk
Assessment is sometimes the only environmental assessment required
for "low risk" sites.
For sites that typically require
full Phase I Environmental Assessment RSRA is a quick and
inexpensive way to assess potential risk even prior to presenting a
purchase offer or bid. For instance, if a site you are considering
has a history of environmental defect or deficiency RSRA is a
quick verification of disclosed information and current
status. Also, if you are considering multiple
sites Environmental Records Search & Risk Assessment on your
first-choice site is a fast and low-cost way to rule out a
potentially high-risk site.
This form of environmental assessment is not
appropriate for all sites but if your property qualifies,
Environmental Records Search can be completed with or without the
property owner's knowledge, in 7 days or less and at $495 is
affordable environmental assessment, When RSRA is used as a
preliminary form of environmental assessment the full cost of RSRA
will be credited toward the cost of full Phase I Environmental
Assessment for the same site and ordered within 90 days.
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Monday, January 22, 2018
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Environmental Records Search & Risk
Records Search & Risk Assessment (RSRA), sometimes called
“Preliminary Phase 1 Assessment” is often used as a
stand-alone assessment for low risk and/or low cost properties.
The United States Small Business Administration Standard
Operating Procedure SBA SOP 50-10 5(C) specifies RSRA for
low risk properties, especially on loans of $250,000 or less.
This form is also an excellent product for determining risk
potential very early in the purchase process and especially
useful if you are evaluating more than one property and
especially in the case of perceived "high risk" type
a full Phase
1 Environmental Assessment
Records Search & Risk Assessment relies on extensive
research but does not involve a site visit. Our
proprietary protocol does include assessment of area geology and
hydrology which enhances results for a more definitive
assessment. The end result of RSRA is the Environmental
Professional’s opinion of level of risk (low –
high) of contamination to the Target Property from current and
historical conditions on the property and on neighboring
properties as recorded in federal, state and local databases.
If necessary, the report will recommend additional
investigation or testing but very often no additional
investigation is required.
Records Search with Risk Assessment is a lesser form of
environmental assessmen. Phase I Environmental Assessment is a more rigorous investigation and
has more definitive results.
Phase 1 Environmental Assessment meets or exceeds the
accepted standard for due diligence and qualifies the user to
apply for the innocent landowner defense (42 U.S.C. §§9601(35)
and contiguous property owner liability protection (42 U.S.C. §9607(q))
should it ever be necessary to do so.
RSRA is not a sufficient investigation to qualify the
user for federal liability protections.
If your lender requires full Phase I Environmental Assessment and/or if
you desire or your corporate policy requires federal environmental
liability protections then RSRA will not work for you, but if a
low cost opinion of level of risk meets your needs Environmental
Records Search & Risk Assessment may be the appropriate
level of environmental assessment for you.
Keep in mind that based on findings Phase 1 may still be
necessary but only if in the opinion of the Environmental
Professional there is high risk of environmental
contamination that either originates on site or migrates to the
site through soil or groundwater and only if you agree.
Also be aware that RSRA does NOT qualify you for any
liability protections. Contact
Professional to determine if RSRA is appropriate for your
site and situation.