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environmental professional <br /> "[A]person meeting the education,training,and experience requirements as set forth in 40 CFR 312.10(b)." <br /> good faith <br /> "[T]he absence of any intention to seek an unfair advantage or to defraud another party;an honest and sincere intention to fulfill one's <br /> obligations in the conduct or transaction concerned." <br /> hazardous substance <br /> "A substance defined as a hazardous substance pursuant to CERCLA 42 USC §9601 (14), as interpreted by EPA regulations and the <br /> courts..." <br /> historical recognized environmental condition(HREC) <br /> "A past release of any hazardous substances or petroleum products that has occurred in connection with the property and has been <br /> addressed to the satisfaction of the applicable regulatory authority or meeting unrestricted use criteria established by a regulatory <br /> authority,without subjecting the property to any required controls(for example, property use restrictions, activity and use limitations, <br /> institutional controls,or engineering controls)." <br /> landowner liability protections(LLPs) <br /> "[L]andowner liability protections under CERCLA; these protections include the bona fide prospective purchaser liability protection, <br /> contiguous property owner liability protection,and innocent landowner defense from CERCLA liability." <br /> lead-based paint(LBP) <br /> Paint with lead levels equal to or exceeding 1.0 milligram per square centimeter(mg/cm2)or 0.5 percent by weight. <br /> lead-containing paint(LCP) <br /> Paint containing any detectable levels of lead. <br /> practically reviewable <br /> "[I]nformation that is practically reviewable means that the information is provided by the source in a manner and in a form that,upon <br /> examination,yields information relevant to[the Site)without the need for extraordinary analysis of irrelevant data." <br /> reasonably ascertainable <br /> "[I]nformation that is(1)publically available,(2)obtainable from its source within reasonable time and cost constraints,and(3)practically <br /> reviewable." <br /> recognized environmental conditions(RECs) <br /> "[T]he presence or likely presence of any hazardous substances or petroleum products in,on,or[the Site] 1)due to any release to the <br /> environment, 2: under conditions indicative of a release to the environment or 3) under conditions that indicate an existing release, a <br /> past release,or pose a material threat of a future release to the environment." <br /> significant data gap <br /> A significant data gap affects the ability of an Environmental Professional to identify a REC, and therefore, effects the conclusions of a <br /> Phase I ESA. <br /> underground storage tank(UST) <br /> "[A]ny tank,including underground piping connected to the tank,that is or has been used to contain hazardous substances or petroleum <br /> products and the volume of which is 10 percent or more beneath the surface of the ground." <br /> user <br /> "[T]he party seeking to use[ASTM E1527-13]to complete a [Phase I ESA]of[the Site].A user may include,without limitation,a potential <br /> purchaser of[the Site],a potential tenant of[the Site]....The user has specific obligations for completing a successful application of[ASTM <br /> E1527-13]...." <br /> MI <br /> - <br /> RILEYGROUP <br />