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include public records requests with one or more Federal, State, Tribal and/or local agencies. A review <br />of historical sources is also completed to help ascertain previous land uses of the property in question <br />and in the surrounding area. <br />Site Reconnaissance - A property inspection and viewing of adjacent and surrounding properties for <br />conditions that could be recognized environmental conditions. <br />Interviews - Interviews with present and past owners, operators and/or occupants of a property and <br />local government officials. <br />Reporting - Evaluation of the information gathered during the completion of the Phase I ESA and the <br />subsequent preparation of a written report. <br />1.3 Limitations and Exceptions <br />Concerns regarding liability under the Comprehensive Environmental Response, Compensation and <br />Liability Act, 42 U.S.C. 9601 et seq. (CERCLA) and analogous State laws, have been a primary driver <br />for Phase I ESA assignments in commercial real estate transactions. While the ASTM E1527 practice <br />can be used in many contexts, a familiarity with CERCLA and its potential LLPs is critical in <br />understanding and applying the ASTM E1527 practice. We advise consultation with legal counsel if <br />further inquiry or information is desired. <br />AAI represents the minimum level of inquiry necessary to support the LLPs. However, it is important <br />to understand that additional inquiry ultimately may be necessary or desirable for legal as well as <br />business reasons depending upon the outcome of this inquiry and the particular risk tolerances of a <br />given user. For example, additional inquiry may assist a user of a Phase I ESA in determining whether <br />he or she would have continuing obligations in the event he or she acquires a given property and may <br />also assist the user in defining the scope of future steps to be taken to satisfy such obligations. In <br />addition, a user may be concerned about business environmental risks or non -scope ASTM <br />considerations that do not fall within the definition of a recognized environmental condition. In <br />addition, this assessment did not include subsurface or other invasive exploration. Users are also <br />cautioned that Federal, State, Tribal and local laws may impose environmental assessment obligations <br />that are beyond the scope of the ASTM E1527 practice. <br />The evaluation, opinion and conclusions presented herein are based solely on visual observations and <br />regulatory, historical, and personal knowledge related information that existed at the time our <br />assessment was completed. The use of the gathered information is exclusively for the purposes outlined <br />in this report and only for the Site. Our firm can make no warranty, either express or implied, except <br />that the services conducted were performed in accordance with generally accepted environmental <br />assessment practices applicable at the time and location of the assessment and that the conclusions of <br />the assessment have been based in part on professional judgment/experience, an interpretation of <br />readily available data and the standard of care normally followed by similar professionals practicing <br />in a similar locale and under similar circumstances. Any opinions presented cannot apply to Site <br />changes of which our firm is unaware and has not had the opportunity to evaluate. In addition, this <br />report cannot feasibly include any evaluation of undocumented activities at the Site or on adjacent or <br />nearby properties. Lastly, a Phase I ESA meeting or exceeding this practice and completed less than <br />180 days prior to the date of acquisition of a given property or (for transactions not involving an <br />acquisition) the date of the intended transaction is presumed to be valid. <br />Phase I Environmental Site Assessment January 16, 2022 <br />Cabrillo Town Center, Santa Ana, CA <br />Council 18 -1108 10/3/2023 <br />