| Environmental Due Diligence (EDD) Grant Program |
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| CBF's Environmental Due Diligence (EDD) Program will provide Phase I environmental assessment services or Transaction Screens (based on the scope of the effort) to select communities to assist in furthering their economic development efforts. CBF will engage contractors, coordinate the project, and confer with participants regarding needs, implications, and next steps. Public and privately-held properties are eligible. _____________________________________________________________ |
| Environmental Due Diligence is Important to Economic Development Want Economic Development? EDD Application Questions? |
Why a Phase I Assessment?
Often, the first step in conducting environmental due diligence on a property is to perform a Phase I
Environmental Site Assessment (simply, a “Phase I”). A Phase I is a “non-intrusive,” initial
evaluation to determine the likelihood that a property may, or may not be, impacted by
environmental hazards. A property may be contaminated by activities that were conducted on the
property in the past (e.g., accidental spills or underground tank leaks) or by migration of chemicals
onto the property from nearby properties (e.g., groundwater plumes).
Phase I’s are typically done by qualified environmental consultants on behalf of buyers and sellers
to identify potential liabilities or lenders to help in their decision-making on whether to loan money
on the property. Environmental problems may impact the ability to finance, develop, or sell the
property, thus, it is important to conduct a Phase I prior to transferring a property. Recent changes
to law establish Phase I’s as vital in the defense against potential regulatory liability and are
essential to eliminating those liabilities in any transaction to buy and sell.
Phase I’s are performed in accordance with accepted industry-wide guidance (currently, ASTM
Standard E1527, and soon U.S. EPA’s Guidance for All Appropriate Inquiry). Tasks commonly
associated with a Phase I include: 1) a review of publicly available historical land use records for
the property (e.g., title records, historical maps, or photographs), 2) a review of public records for
the property, 3) a walk-through of the property, and 4) interviews with persons knowledgeable of
current and past land uses (e.g., property owners and/or tenants). Phase I’s do not include any
invasive testing on the property such as soil drilling or collection of samples. A written report is
prepared that presents the findings of the Phase I, and sometimes presents recommendations for
further studies, if warranted. Phase I reports typically are used only by parties involved with a
property transaction, and are not usually provided to environmental regulatory agencies.
(Article contributed by Paul Hoffey, Erler & Kalinowski, Inc. (720) 200-3150 or phoffey@ekiconsult.com)
CBF's Environmental Due Diligence Program (EDD)
The Environmental Due Diligence Pilot Program is seeking communities that are proactively
pursuing economic development opportunities. The EDD Program will conduct Phase I
Environmental Assessments on a property or multiple properties within selected communities.
Alternatively, area-wide assessments could be conducted for a main street, industrial district,
business park, or other geographic area.
The EDD Program is not a regulatory program nor would it bring in environmental regulators
without the consent of the community. There is no reason to involve regulators as a Phase I
environmental investigation merely involves record research. The EDD Program is being
implemented by the non-profit Colorado Brownfields Foundation. The Phase I assessments will
be conducted by qualified private sector environmental consultants engaged by the Colorado
Brownfields Foundation.
More Information
Want Economic Development?
EDD Application
Questions?
Often, the first step in conducting environmental due diligence on a property is to perform a Phase I
Environmental Site Assessment (simply, a “Phase I”). A Phase I is a “non-intrusive,” initial
evaluation to determine the likelihood that a property may, or may not be, impacted by
environmental hazards. A property may be contaminated by activities that were conducted on the
property in the past (e.g., accidental spills or underground tank leaks) or by migration of chemicals
onto the property from nearby properties (e.g., groundwater plumes).
Phase I’s are typically done by qualified environmental consultants on behalf of buyers and sellers
to identify potential liabilities or lenders to help in their decision-making on whether to loan money
on the property. Environmental problems may impact the ability to finance, develop, or sell the
property, thus, it is important to conduct a Phase I prior to transferring a property. Recent changes
to law establish Phase I’s as vital in the defense against potential regulatory liability and are
essential to eliminating those liabilities in any transaction to buy and sell.
Phase I’s are performed in accordance with accepted industry-wide guidance (currently, ASTM
Standard E1527, and soon U.S. EPA’s Guidance for All Appropriate Inquiry). Tasks commonly
associated with a Phase I include: 1) a review of publicly available historical land use records for
the property (e.g., title records, historical maps, or photographs), 2) a review of public records for
the property, 3) a walk-through of the property, and 4) interviews with persons knowledgeable of
current and past land uses (e.g., property owners and/or tenants). Phase I’s do not include any
invasive testing on the property such as soil drilling or collection of samples. A written report is
prepared that presents the findings of the Phase I, and sometimes presents recommendations for
further studies, if warranted. Phase I reports typically are used only by parties involved with a
property transaction, and are not usually provided to environmental regulatory agencies.
(Article contributed by Paul Hoffey, Erler & Kalinowski, Inc. (720) 200-3150 or phoffey@ekiconsult.com)
CBF's Environmental Due Diligence Program (EDD)
The Environmental Due Diligence Pilot Program is seeking communities that are proactively
pursuing economic development opportunities. The EDD Program will conduct Phase I
Environmental Assessments on a property or multiple properties within selected communities.
Alternatively, area-wide assessments could be conducted for a main street, industrial district,
business park, or other geographic area.
The EDD Program is not a regulatory program nor would it bring in environmental regulators
without the consent of the community. There is no reason to involve regulators as a Phase I
environmental investigation merely involves record research. The EDD Program is being
implemented by the non-profit Colorado Brownfields Foundation. The Phase I assessments will
be conducted by qualified private sector environmental consultants engaged by the Colorado
Brownfields Foundation.
More Information
Want Economic Development?
EDD Application
Questions?
| Contact Us Colorado Brownfields Foundation 10184 W. Belleview Ave STE 100 Littleton, CO, 80127 e-mail: info@ColoradoBrownfieldsFoundation |