KEY CONCLUSION: Specific Sections of ETS and ESA reports should be reviewed for key information pertaining to environmental conditions at the subject site.
The ETS report is a shorter more concise report than the ESA report. However, the main elements related to potential risk of ownership should still be contained in the report. These include an evaluation of the current and historical uses of the Property and adjacent sites and possible impact of contamination from nearby leak sites. The banker or other user should be able to quickly determine the risk and whether more property research should be performed. A good consultant will provide timely and advance recommendations if this is necessary.
Both the ETS and ESA report should include:
- the type of development on the Property and current use
- the historical uses
- the type of nearby development
- the proximity and number of nearby sites of risk.
All of this should be prominently contained in the Introduction and/or the Conclusions and Recommendations.
For the ESA report the important sections include 1) the Current Uses, near the beginning of the ESA report. The historical uses of the Property are summarized, along with the very important historical gap analysis in the Conclusions and Recommendations. The potential impact of off-site contamination is summarized in the Off-site Sources section.
By review of these limited portions of the ESA report, the reviewer can evaluate the consistency of the data and the ensuing conclusions. For example, are there current or past uses or large gaps in use that could indicate a risk to value?Is there sufficient technical evaluation of off-site sources to make definitive conclusions of the current or future risk? If there are issues that pose a risk are they clearly defined with the proper recommendations to resolve them expediently?