Mill Street Village

PEOPLE’S BANK

Lawhon completed a Phase I Environmental Site Assessment (ESA) of the Mill Street Village apartment complex to meet due diligence requirements of the lender. All activities were performed in conformance with the scope and limitations of American Society for Testing and Materials (ASTM) Designation: E 1527-05, Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process, and All Appropriate Inquiry CFR 312.20.

Pursuant to this standard, L&A reviewed and analyzed available property records and historical photographs for current and past uses. Federal, state, and local lists of hazardous waste sites were reviewed to determine if the property was listed, or if any neighboring sites with the potential to impact the site were identified. City, county and state agencies were also contacted for records of problems associated with the sites.

A detailed site investigation was performed to determine if there were any adverse environmental conditions present and to identify any hazardous materials at the site. L&A also conducted interviews with persons knowledgeable about past and present uses of the site. The ESA revealed no evidence of recognized environmental conditions in connection with the subject property.