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VC 2c Industrial Sites or Hazard Materials

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rtubbs

Thread Starter
Junior Member
Joined
Jan 15, 2002
Anyone know how to read data from EPA's website regarding regulated facilities?

I'm appraising a property that has an industrial plant to the rear (probably 300+ yards from the rear of the subject property but not totally sure). The plant shows up on EPA's site as a regulated facility with info that it handles hazardous waste, has reported toxic releases, etc.

Any reporting suggestions other than reporting that the plant is there and that it's on the list of EPA regulated facilities?

Ron in Alabama
 

bradellis

Member
Joined
Jan 16, 2002
Ron,

Unless you have specific training in environmental hazards, I'd leave it there. Your job is to pint out its existence and proximity and you have done that.

It is now the lender's responsibility to order a phase one or not- pursuant to their own policies of due diligence.

Brad Ellis, IFA, RAA
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
I agree with Brad. I would also add that your opinion of value could be impacted by a full environmental investigation.
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
Dito,
But if you area really curious and want to learn, go by your local EMA (Emergency Management Agency) and they will be able to show you what that stuff means. All county and states governments that participate in FEMA have a local EMA office and are required to keep a haz.mat inventory. Some really scary stuff out there when you start looking. 8O

Mell.
 
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