Phase I Environmental Assessment definition

Phase I Environmental Assessment. A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.

Phase I Environmental Assessment. A "Phase I assessment" as described in and meeting the criteria of Chapter 5 of the FNMA Multifamily Guide, as amended from time to time.

Phase I Environmental Assessment. A "Phase I environmental assessment" as described in and meeting the criteria of the American Society of Testing Materials Standard E 1527- 94 or any successor thereto published by the American Society of Testing Materials.

Examples of Phase I Environmental Assessment in a sentence

• DCA requires applicants to conduct various activities required for the environmental review process, including a Phase I Environmental Assessment (EA), as outlined in the Environmental Manual.

• Complete a Phase I Environmental Assessment for all projects and a Hazardous Materials Study (asbestos and lead paint) for projects built before 1980.

• For acquisition/rehabilitation projects, the Phase I Environmental Assessment should address lead based paint and asbestos.

• The full Phase I Environmental Assessment will be required at Conditional Commitment for those developments that are funded.

• Yes No If yes, give detailed explanation and attach appropriate documentation:   Acquisition ONLY: All projects are subjected to a HUD Environmental Review and certain projects, such as new construction, must also undergo a Phase I Environmental Assessment before any part of the project can begin.

More Definitions of Phase I Environmental Assessment

Phase I Environmental Assessment. A "Phase I assessment" or, in the case of certain Mortgage Loans having an initial principal balance under $1,000,000, a transaction screen, as described in, and meeting the criteria of the American Society for Testing and Materials.

Phase I Environmental Assessment means an environmental assessment and report prepared by a qualified environmental professional reasonably acceptable to Company that meets or exceeds the minimum requirements outlined in the then current version of the American Society of Testing and Materials Standard E 1527‑00 (Standard Practice of Environmental Site Assessments: Phase I Environmental Site Assessment Process); and (B) “Phase II Environmental Assessment” means an environmental assessment and report prepared by a qualified environmental professional reasonably acceptable to Company that goes beyond the investigations of a Phase I Environmental Assessment and involves sampling and testing of the Company-Owned Site, including (1) an asbestos survey conducted according to the standards of the Asbestos Hazard Emergency Response Act protocol; (2) testing of any transformers on the Company-Owned Site for PCBs; (3) testing for lead based paints; (4) soil and groundwater sampling to measure the effect of any actual or suspected release or discharge of Hazardous Substances on the Company-Owned Site; and (5) such other sampling and testing reasonably necessary to determine the environmental condition of the Company-Owned Site.

Phase I Environmental Assessment shall have the meaning ascribed to it in Section 7.2(d).

Phase I Environmental Assessment means:

Phase I Environmental Assessment means a Phase I environmental site assessment prepared in substantial conformance with ASTM 1574E-13 standards.

Phase I Environmental Assessment. A "Phase I assessment" or, in the case of certain Mortgage Loans having an initial principal balance under $1,000,000, a transaction screen, as described in, and meeting the criteria of, (i) Chapter 5 of the FNMA Multifamily Guide or any successor provisions covering the same subject matter, in the case of Specially Serviced Mortgage Loans as to which the related Mortgaged Property is multifamily property or (ii) the American Society for Testing and Materials in the case of Specially Serviced Mortgage Loans as to which the related Mortgaged Property is a non-multifamily property.

Phase I Environmental Assessment means a Phase I environmental assessment that complies with ASTM standard E1527-05 (or its predecessor standards) and/or the federal All Appropriate Inquiries Rule (40 CFR Part 312) promulgated by the United States Environmental Protection Agency.