Environmental
The Phase I Environmental Site Assessment (ESA) in Iowa is designed to:
ATest soil and groundwater samples for contamination
BIdentify recognized environmental conditions (RECs) through records review, site inspection, and interviews without sampling✓ Correct
CProvide a guaranteed cleanup cost estimate
DReplace the abstract of title for commercial properties
Explanation
A Phase I ESA identifies recognized environmental conditions (RECs) on a property through historical records review, regulatory database searches, a site walkthrough, and interviews — without any soil or groundwater sampling. If RECs are found, a Phase II ESA (with sampling) may follow.
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Key Terms to Know
Abstract of Title
A condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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