The US Small Business Administration guaranteed loan program requires some level of environmental review for all loans. This ranges from a simple Environmental Questionnaire to a full ASTM Phase 1 Environmental Site Assessment.
One of the most requested services Caltha LLP provides to SBA Lenders is a "Record Search With Risk Assessment" or RSRA Report. Caltha prepares hundreds of RSRA report for banks and other lending institutions across the country that participate in the SBA guaranteed loan program.
Typical turn-around time: 3-5 business days
Format: Electronic report in PDF format
Geographic Coverage: Any property located in US
To request a quote to prepare an RSRA report, fill out the quote request form. You will receive a quote by email the same day, you can then authorize the work by email.
RSRA Quote Request Form
Click here for Caltha SBA Environmental Assessment Services page
Discussions and comments regarding environmental due diligence, environmental liabilities, CERCLA liabilities, mergers and acquistions, landowner liability protections, LLPs, Phase I environmental site assessments, Phase 1 ESA, transaction screening, property condition assessments, corporate liabilities, environmental compliance liabilities, quantitative environmental liability assessment.
Sunday, August 28, 2016
Thursday, August 25, 2016
Owner and Lender Responsibilities Under Ohio Cessation of Regulated Operations Program
The Ohio Cessation of Regulated Operations (CRO) program was first created in 1996 and places requirements for notifications if facilities cease or temporarily cease operations where hazardous materials are used or stored.
Who is subject to CRO rules? All facilities in Ohio that use or store hazardous materials which are reportable under EPCRA Tier 2 reports. It is estimated that more than 7,000 facilities are potentially subject to CRO rules.
What does Cessation of Regulated Operations mean? "Cessation of Regulated Operations" means the discontinuation or termination of regulated operations or the finalizing of any transaction or proceeding through which those operations are discontinued.
What are Regulated Operations? “Regulated Operations" means the production, use, storage or handling of regulated substances, including Extremely hazardous substances (EHS), Hazardous substances, Flammable substances; or Petroleum.
What are facilities required to do? Within 30 days from the CRO you must:
If I am a lender or security holder, what must I do? The holder of first mortgage and a fiduciary of a reporting facility both have specific statutory duties under Ohio law. No later than 15 days after the first mortgage holder receives a notice of abandonment and within 60 days after the fiduciary receives a notice of cessation of regulated operations, the holder and fiduciary are required to do the following if the operator fails to take the required steps under the CRO program. You must secure and post warning signs around areas that contain or are contaminated with regulated substances, maintain security and warning signs; and submit a notice of abandonment to Ohio EPA, the LEPC and the local fire department. Thirty days before filing the release of the mortgage and/or releasing all rights to the facility and ending security and warning measure, you must notify Ohio EPA, the LEPC and the local fire department where the facility is located.
Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.
For further information contact Caltha LLP at info@calthacompany.com or Caltha LLP Website
Who is subject to CRO rules? All facilities in Ohio that use or store hazardous materials which are reportable under EPCRA Tier 2 reports. It is estimated that more than 7,000 facilities are potentially subject to CRO rules.
What does Cessation of Regulated Operations mean? "Cessation of Regulated Operations" means the discontinuation or termination of regulated operations or the finalizing of any transaction or proceeding through which those operations are discontinued.
What are Regulated Operations? “Regulated Operations" means the production, use, storage or handling of regulated substances, including Extremely hazardous substances (EHS), Hazardous substances, Flammable substances; or Petroleum.
What are facilities required to do? Within 30 days from the CRO you must:
- Submit a notice of CRO on a form prescribed by the director to Ohio EPA, Local Emergency Planning Committee (LPEC) and local fire departments where the facility is located;
- Designate a contact person;
- Secure and post warning signs around areas that contain or are contaminated with a regulated substance; and
- Maintain security and warning signs
- Submit to the Ohio EPA the most recent emergency and hazardous chemical inventory form submitted to the SERC;
- Submit to the Ohio EPA a current OSHA hazardous chemical list or SDS for each chemical at the facility required to be on file with the SERC;
- Submit to the Ohio EPA a list of every stationary tank, vat, electrical transformer and vessel that will remain at the facility that contains or is contaminated with a regulated substance prior to or at the time of cessation;
- Drain and remove all regulated substances from each stationary tank, vat, electrical transformer and vessel and from all piping;
- Dispose, sell or transfer the regulated substances off-site;
- Transfer off-site all debris, non-stationary equipment, furnishings, containers, motor vehicles and rolling stock that contain or are contaminated with a regulated substance; and
- Certify that the actions required in the previous three items have been completed.
If I am a lender or security holder, what must I do? The holder of first mortgage and a fiduciary of a reporting facility both have specific statutory duties under Ohio law. No later than 15 days after the first mortgage holder receives a notice of abandonment and within 60 days after the fiduciary receives a notice of cessation of regulated operations, the holder and fiduciary are required to do the following if the operator fails to take the required steps under the CRO program. You must secure and post warning signs around areas that contain or are contaminated with regulated substances, maintain security and warning signs; and submit a notice of abandonment to Ohio EPA, the LEPC and the local fire department. Thirty days before filing the release of the mortgage and/or releasing all rights to the facility and ending security and warning measure, you must notify Ohio EPA, the LEPC and the local fire department where the facility is located.
Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.
For further information contact Caltha LLP at info@calthacompany.com or Caltha LLP Website
Sunday, August 7, 2016
Wisconsin Phase 2 Vapor Encroachment Study - Tier I Vapor Encroachment Screening Assessment
In 2013, US EPA determined that exposure due to vapor intrusion, also referered to as vapor encroachment, needed to be evaluated prior to closure of federal CERCLA sites. In response, many States now include vapor intrusion in site investigations for closure of LUST, LAST and voluntary cleanup sites run by the State. In practice, this has resulted in reassessment of numerous closed sites, and investigation of soil vapor on nearby sites.
Caltha LLP provides expert technical support to conduct vapor intrusion investigations in Wisconsinin conformance with WDNR guidelines and soil vapor intrusion screening values. Caltha conducts Tier I Vapor Encroachment Screening Assessment in accordance with ASTM Standard E2600-10.
Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.
For further information contact Caltha LLP at info@calthacompany.com or Caltha LLP Website
Caltha LLP provides expert technical support to conduct vapor intrusion investigations in Wisconsinin conformance with WDNR guidelines and soil vapor intrusion screening values. Caltha conducts Tier I Vapor Encroachment Screening Assessment in accordance with ASTM Standard E2600-10.
Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.
For further information contact Caltha LLP at info@calthacompany.com or Caltha LLP Website
Tier I Vapor Encroachment Screening Assessment ASTM Standard E2600-10 For Iowa Properties
In 2013, US EPA determined that exposure due to vapor intrusion, also referered to as vapor encroachment, needed to be evaluated prior to closure of federal CERCLA sites. In response, many States now include vapor intrusion in site investigations for closure of LUST, LAST and voluntary cleanup sites run by the State. In practice, this has resulted in reassessment of numerous closed sites, and investigation of soil vapor on nearby sites.
Caltha LLP provides expert technical support to conduct vapor intrusion investigations in Iowa conformance with Iowa DNR guidelines and soil vapor intrusion screening values. Caltha conducts Tier I Vapor Encroachment Screening Assessment in accordance with ASTM Standard E2600-10.
Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.
For further information contact Caltha LLP at info@calthacompany.com or Caltha LLP Website
Caltha LLP provides expert technical support to conduct vapor intrusion investigations in Iowa conformance with Iowa DNR guidelines and soil vapor intrusion screening values. Caltha conducts Tier I Vapor Encroachment Screening Assessment in accordance with ASTM Standard E2600-10.
Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.
For further information contact Caltha LLP at info@calthacompany.com or Caltha LLP Website
Vapor Intrusion Investigations In Minnesota Using MPCA Vapor Encroachment Guidelines
In 2013, US EPA determined that exposure due to vapor intrusion, also referered to as vapor encroachment, needed to be evaluated prior to closure of federal CERCLA sites. In response, many States now include vapor intrusion in site investigations for closure of LUST, LAST and voluntary cleanup sites run by the State. In practice, this has resulted in reassessment of numerous closed sites, and investigation of soil vapor on nearby sites.
Caltha LLP provides expert technical support to conduct vapor intrusion investigations in Minnesota in conformance with MPCA guidelines and soil vapor intrusion screening values. Caltha conducts Tier I Vapor Encroachment Screening Assessment in accordance with ASTM Standard E2600-10.
Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.
For further information contact Caltha LLP at info@calthacompany.com or Caltha LLP Website
Caltha LLP provides expert technical support to conduct vapor intrusion investigations in Minnesota in conformance with MPCA guidelines and soil vapor intrusion screening values. Caltha conducts Tier I Vapor Encroachment Screening Assessment in accordance with ASTM Standard E2600-10.
Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.
For further information contact Caltha LLP at info@calthacompany.com or Caltha LLP Website
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