Basics Environmental, Inc. (Basics) is a small minority owned business enterprise (MBE) specializing in performing environmental screens, "Phase I & II" Environmental Site Assessments (Phase I ESAs), and reviews for real estate and financial transactions in the Oakland-San Francisco Bay Area and throughout Northern California.
Basics determines the environmental status of properties, supporting clients in their "due diligence" process of identifying the risks associated with financing real estate transactions. We pride ourselves on our expertise with local regulatory agencies, ability to interface with clients of all backgrounds, competitive pricing and turnaround, and incredibly high quality reports.
Basics determines the environmental status of properties, supporting clients in their "due diligence" process of identifying the risks associated with financing real estate transactions. We pride ourselves on our expertise with local regulatory agencies, ability to interface with clients of all backgrounds, competitive pricing and turnaround, and incredibly high quality reports.
Services
Basics Environmental, Inc. (Basics) was formed by Mr. Donavan G. Tom, EP, REPA in 1994 to apply his in-depth knowledge of the Phase I & II Environmental Site Assessment industry, provide the required due diligence demanded by the financial industry, and compile data and recommendations into professionally-stamped high-quality reports quickly and cost-effectively in accordance with industry standards and client-defined protocols.
As an approved environmental consultant with almost all of the major financial institutions as well as a U.S. Small Business Administration (SBA) preferred contractor, Basics implements various levels of environmental due diligence studies and environmental reviews for properties under consideration by public and private financial institutions for real estate transfer and financial transactions.
The Environmental Database Review is typically utilized for residentially zoned sites that do not currently utilize hazardous materials and are not believed to have utilized hazardous materials in the past.
This scope of work typically involves the obtainment and professional review of publicly available information maintained by various federal, state, and local governmental agencies that administer environmental regulations, including records of known or potentially contaminated and/or problem sites, landfills, and other disposal sites, and underground storage tank records (for both leaking and registered USTs).
This scope of work typically involves the obtainment and professional review of publicly available information maintained by various federal, state, and local governmental agencies that administer environmental regulations, including records of known or potentially contaminated and/or problem sites, landfills, and other disposal sites, and underground storage tank records (for both leaking and registered USTs).
The Phase I Environmental Site Assessment is typically utilized for residential or commercially zoned sites that currently utilize hazardous materials or for clients who wish to avoid environmental liability through the "Innocent Landowner Defense." Note: The amount of due diligence a lender may require depends upon the amount of environmental business risk the lender is willing to accept.
Basically, evidence was discovered that there is a significant potential for a hazardous substance to have been released from a site's operations onto (or into) the surface, and may be subject to government enforcement.
Historical Recognized Environmental Condition (HREC): Historical recognized environmental conditions denote "a past release of any hazardous substances or petroleum products that has occurred in connection with the property and has been addressed to the satisfaction of the applicable regulatory authority or meeting unrestricted use criteria established by a regulatory authority, without subjecting the property to any required controls (for example, property use restrictions, activity and use limitations, institutional controls, or engineering controls)."
Historical Recognized Environmental Condition (HREC): Historical recognized environmental conditions denote "a past release of any hazardous substances or petroleum products that has occurred in connection with the property and has been addressed to the satisfaction of the applicable regulatory authority or meeting unrestricted use criteria established by a regulatory authority, without subjecting the property to any required controls (for example, property use restrictions, activity and use limitations, institutional controls, or engineering controls)."
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