When a property is determined to have contaminants present in excess of the Department of Environment, Great Lakes and Energy (EGLE) Residential cleanup criteria, the property meets the definition of either a Facility or Site as defined by Part 201 or Part 213 of NREPA. The preparation and disclosure of a Baseline Environmental Assessment (BEA) provides liability protection to the new owner and/or operator for cleanup of
contamination caused by others and is a valuable tool in managing environmental risk.
There are critical timeframes that must be met when conducting and disclosing the BEA. Envirologic's infographic will help you understand these timeframes, what a BEA report includes and what is expected from the owner or operator of the site.
View the complete infographic here.
Check out our entire series of Due Diligence infographics:
Questions? Please contact our Manager of Due Diligence Services, Erik Peterson.
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