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On June 12th, 2014 Aero-Environmental Consulting, Inc. and Mr. Jorge Vizcaino, Certified Industrial Hygienist, performed a Phase I Environmental Site Assessment of the restaurant Wills Fargo located at 16 West Carmel Valley Road in Carmel Valley, California, referred to as the "site." The study was performed for Holman Ranch to assess the site and surrounding properties for areas of potential environmental risk and liability, which may have a negative impact on the site. The Findings, Opinions, and Conclusions sections of this Phase I ESA are based on ASTM1527-13, Sections 12.5, 12.6, and 12.8, respectively.
Financial institutions require the completion of environmental due diligence of a commercial real estate collateralized lending transaction for many reasons. They may wish to understand the environmental condition of the proposed collateral and ensure a Borrower's compliance with applicable regulations prior to making a loan; to reevaluate the collateral during a renewal or refinance transaction; to determine the collateral's condition at the time of a loan default; or to obtain information about an unexpected environmental condition encountered within the loan term.
I read with interest the article by Ken Kaye on two scientist's challenge of other scientist's linking warmer oceans to more intense hurricanes (Sun-Sentinel page 1, December 13, 2007).