Environmental issues and Commercial Real Estate

How Environmental Issues Impact Real Estate

Gordon A. OnleyFisher Environmental Ltd.

2011

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

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)

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.

Phase 1 – Site ReconnaissanceBe Aware of Potentially Contaminating Activities (PCA)

Phase 1 – Records ReviewSurveys

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.

Phase 2 - Plan the Site InvestigationConsider groundwater flow

3d model of contamination

Indoor Air Quality – AsbestosAsbestos Containing Materials (ACM) – Poor Condition

Indoor Air Quality – Mold

Thank-you

For more information contact Gordon Onley at 905-475-7755 x 63 or go to www.fisherenvironmental.blogspot.com