The Prepared Process: The Next Generation EPA PREPARED WORKBOOK - - PowerPoint PPT Presentation

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The Prepared Process: The Next Generation EPA PREPARED WORKBOOK - - PowerPoint PPT Presentation

Jun 11, 2023 100 likes •252 views

The Prepared Process: The Next Generation EPA PREPARED WORKBOOK and The CT DEEP PREPARED Municipal Website PREPARED Process EPA PREPARED WORKBOOK Select Property Recovery Ac<on Manage Establish Property Goals Reuse Risks

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SLIDE 1

EPA PREPARED WORKBOOK and The CT DEEP PREPARED Municipal Website

The Prepared Process: The Next Generation

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SLIDE 2

PREPARED Process

  • EPA PREPARED WORKBOOK

Stakeholder Engagement

Establish Goals Pre-Screen Property Recovery Ac<ons Property Reuse Assessment Conduct Due Diligence Iden<fy Property Reuse Obstacles Assess Property Reuse Risks Manage Property Reuse Risks Select Property Recovery Ac<on

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SLIDE 3

Establish Goals

  • Key Considera@ons

– what is the desired outcome? – how important is reuse? – how @me cri@cal is reuse?

  • Other Issues

– be prescrip@ve when constraints are real and known – not all goals and expecta@ons can be quan@fied – iden@fy pre-exis@ng biases, but allow the evalua@on process to play out – iden@fy “deal breakers”

Stakeholder Engagement

Establish Goals Pre-Screen Property Recovery Ac<ons Property Reuse Assessment Conduct Due Diligence Iden<fy Property Reuse Obstacles Assess Property Reuse Risks Manage Property Reuse Risks Select Property Recovery Ac<on

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SLIDE 4

Preliminary Reuse Assessment

  • Provide informa@on to understand

– Status of property – Physical and social opportuni@es and constraints – Community needs and poten@al impacts – Market and extent of demand – Poten@al alterna@ves for reuse – General cost constraints – Poten@al for success and level of risk

Stakeholder Engagement

Establish Goals Pre-Screen Property Recovery Ac<ons Property Reuse Assessment Conduct Due Diligence Iden<fy Property Reuse Obstacles Assess Property Reuse Risks Manage Property Reuse Risks Select Property Recovery Ac<on

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SLIDE 5

Iden@fy Property Recovery Ac@ons

  • Ac@ons that involve a municipality

in the cleanup and reuse of a contaminated property

  • Each ac@on carries its own set of

issues that impact the strategy for managing project risks

More Control Less Liability

  • Acquisition and interim ownership

with subsequent transfer to third party

  • Leasing by municipality
  • Acquisition and “simultaneous”

transfer to a third party

  • Collaboration with the property
  • wner
  • Transfer tax liens
  • Incentives to promote reuse

Stakeholder Engagement

Establish Goals Pre-Screen Property Recovery Ac<ons Property Reuse Assessment Conduct Due Diligence Iden<fy Property Reuse Obstacles Assess Property Reuse Risks Manage Property Reuse Risks Select Property Recovery Ac<on

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SLIDE 6

Conduct Due Diligence

  • Essen@al step in iden@fying and

evalua@ng project risks

– understand poten@al impediments to reuse

  • presence of hazardous substances on

the property

  • reuse obstacles and poten@al sources
  • f project risk

– protect against poten@al environmental liability

  • all appropriate inquiry

– liability protec@on under CERCLA

Stakeholder Engagement

Establish Goals Pre-Screen Property Recovery Ac<ons Property Reuse Assessment Conduct Due Diligence Iden<fy Property Reuse Obstacles Assess Property Reuse Risks Manage Property Reuse Risks Select Property Recovery Ac<on

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SLIDE 7

Iden@fy Property Reuse Obstacles

  • Anything that would affect the decision to

redevelop a property

– economic limita@ons – legal challenges – regulatory hurdles – community concerns – development issues – management considera@ons

  • U@lizes informa@on obtained through the

due diligence process

  • Process of iden@fying is itera@ve
  • Priori@ze based on impact on project and

goals

Stakeholder Engagement

Establish Goals Pre-Screen Property Recovery Ac<ons Property Reuse Assessment Conduct Due Diligence Iden<fy Property Reuse Obstacles Assess Property Reuse Risks Manage Property Reuse Risks Select Property Recovery Ac<on

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SLIDE 8

Assess Property Reuse Risks

  • Obstacles generally are associated

with a risk

  • Risk refers to the probability that

an adverse event will occur and the consequences of that adverse event

  • legal
  • financial
  • community

Stakeholder Engagement

Establish Goals Pre-Screen Property Recovery Ac<ons Property Reuse Assessment Conduct Due Diligence Iden<fy Property Reuse Obstacles Assess Property Reuse Risks Manage Property Reuse Risks Select Property Recovery Ac<on

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SLIDE 9
  • Risk cannot always be eliminated—
  • nly managed
  • Reduce the probability and impact
  • f a risk and increase the

probability of opportuni@es and a posi@ve outcome

  • avoid
  • reduce
  • transfer
  • share
  • accept

Iden@fy Risk Management Op@ons

Stakeholder Engagement

Establish Goals Pre-Screen Property Recovery Ac<ons Property Reuse Assessment Conduct Due Diligence Iden<fy Property Reuse Obstacles Assess Property Reuse Risks Manage Property Reuse Risks Select Property Recovery Ac<on

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SLIDE 10

Select a Recovery Ac@on

  • Would you move forward with this

site?

– have obstacles been (or can be) iden@fied?

– Is addi@onal informa@on needed?

– have risks been (or can be) resolved? – are the necessary resources available?

  • Is the project financially viable and

realis@c?

  • What alterna@ve (property

recovery ac@on) would you select? Stakeholder Engagement

Establish Goals Pre-Screen Property Recovery Ac<ons Property Reuse Assessment Conduct Due Diligence Iden<fy Property Reuse Obstacles Assess Property Reuse Risks Manage Property Reuse Risks Select Property Recovery Ac<on

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SLIDE 11
  • Connec@cut first state to web-enable PREPARED Workbook (Joint CT DEEP/EPA

Region 1 Project)

– Improves PREPARED access and usability – State-specific links to Connec@cut informa@on & programs – Not a CT DEEP or EPA requirement

  • Launched April 2015
  • On DEEP website –

hgp://www.ct.gov/deep/cwp/view.asp? a=2715&q=555770&deepNav_GID=1626

  • A model for other states

CT DEEP Web-Enabled PREPARED Workbook

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SLIDE 12
  • Provides structure for thinking about reuse
  • Documents decisions for future reference
  • Communica@on tool within & outside team
  • Bring new team members up to speed
  • State brownfields grant applica@ons award points for

using it

  • Not DEEP or EPA requirement

Why Use It?

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SLIDE 13

Resources and Contacts

CT DEEP PREPARED Website link:

hgp://www.ct.gov/deep/cwp/view.asp?a=2715&q=555770&deepNav_Gid=1626

EPA PREPARED Workbook:

hgps://www.epa.gov/brownfields/prepared-workbook-brownfields-and-land-revitaliza@on-new- england

Mark Lewis – mark.lewis@ct.gov Kathleen Castagna – Castagna.Kathleen@epa.gov

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