Environmental
What is a Phase I Environmental Site Assessment and when is it typically conducted in Illinois?
AA physical soil sampling and testing process required for all residential sales
BA non-invasive review of property records, site inspections, and interviews to identify potential environmental concerns without sampling✓ Correct
CA state-required inspection for all properties near the Chicago River
DA federal inspection mandated for all new construction sites
Explanation
A Phase I Environmental Site Assessment (ESA) is a non-invasive due diligence study that reviews historical records, conducts site reconnaissance, and interviews to identify Recognized Environmental Conditions (RECs). It does not involve soil or groundwater sampling (that is Phase II). Phase I ESAs are commonly required by lenders for commercial property loans in Illinois and are recommended for industrial or historically used properties.
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