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

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 Stakeholder Assess Property Property Reuse Engagement Reuse Risks Assessment Iden<fy Pre-Screen Property Property Reuse Recovery Obstacles Ac<ons Conduct Due Diligence 2

Establish Goals • Key Considera@ons Select – what is the desired outcome? Property Recovery Ac<on – how important is reuse? Manage Establish Property Goals Reuse Risks – how @me cri@cal is reuse? • Other Issues Stakeholder Assess Property – be prescrip@ve when constraints are real Property Reuse Engagement and known Reuse Risks Assessment – not all goals and expecta@ons can be quan@fied Iden<fy Pre-Screen Property Property – iden@fy pre-exis@ng biases, but allow Reuse Recovery Obstacles Ac<ons the evalua@on process to play out Conduct Due – iden@fy “deal breakers” Diligence 3

Preliminary Reuse Assessment • Provide informa@on to understand Select Property – Status of property Recovery Ac<on Manage Establish – Physical and social opportuni@es and Property Goals Reuse Risks constraints – Community needs and poten@al Stakeholder impacts Assess Property Property Reuse Engagement Reuse Risks Assessment – Market and extent of demand – Poten@al alterna@ves for reuse Iden<fy Pre-Screen – General cost constraints Property Property Reuse Recovery Obstacles Ac<ons – Poten@al for success and level of risk Conduct Due Diligence 4

Iden@fy Property Recovery Ac@ons • Ac@ons that involve a municipality Select in the cleanup and reuse of a Property Recovery contaminated property Ac<on Manage Establish Property Goals Reuse Risks • Each ac@on carries its own set of issues that impact the strategy for managing project risks Stakeholder Assess Property Property Reuse Engagement Reuse Risks Assessment • Acquisition and interim ownership with subsequent transfer to third party Less Liability Iden<fy Pre-Screen • Leasing by municipality Property Property More Control • Acquisition and “simultaneous” Reuse Recovery Obstacles Ac<ons transfer to a third party Conduct • Collaboration with the property Due Diligence owner • Transfer tax liens • Incentives to promote reuse 5

Conduct Due Diligence • Essen@al step in iden@fying and Select evalua@ng project risks Property Recovery Ac<on Manage – understand poten@al impediments to Establish Property Goals Reuse Risks reuse presence of hazardous substances on • the property Stakeholder Assess Property Property Reuse reuse obstacles and poten@al sources • Engagement Reuse Risks Assessment of project risk – protect against poten@al Iden<fy Pre-Screen environmental liability Property Property Reuse Recovery Obstacles Ac<ons all appropriate inquiry • Conduct Due Diligence – liability protec@on under CERCLA 6

Iden@fy Property Reuse Obstacles • Anything that would affect the decision to redevelop a property Select Property – economic limita@ons Recovery Ac<on Manage Establish – legal challenges Property Goals Reuse Risks – regulatory hurdles – community concerns – development issues Stakeholder Assess Property Property Reuse – management considera@ons Engagement Reuse Risks Assessment • U@lizes informa@on obtained through the due diligence process Iden<fy Pre-Screen Property Property • Process of iden@fying is itera@ve Reuse Recovery Obstacles Ac<ons Conduct Due • Priori@ze based on impact on project and Diligence goals 7

Assess Property Reuse Risks • Obstacles generally are associated Select with a risk Property Recovery Ac<on Manage Establish • Risk refers to the probability that Property Goals Reuse Risks an adverse event will occur and the consequences of that adverse Stakeholder event Assess Property Property Reuse Engagement Reuse Risks Assessment legal • Iden<fy Pre-Screen Property Property financial • Reuse Recovery Obstacles Ac<ons Conduct community • Due Diligence 8

Iden@fy Risk Management Op@ons • Risk cannot always be eliminated— Select only managed Property Recovery Ac<on Manage Establish • Reduce the probability and impact Property Goals Reuse Risks of a risk and increase the probability of opportuni@es and a Stakeholder posi@ve outcome Assess Property Property Reuse Engagement Reuse Risks Assessment avoid • reduce • Iden<fy Pre-Screen Property Property transfer • Reuse Recovery Obstacles Ac<ons Conduct share • Due Diligence accept • 9

Select a Recovery Ac@on • Would you move forward with this Select site? Property Recovery – have obstacles been (or can be) Ac<on Manage Establish Property iden@fied? Goals Reuse Risks – Is addi@onal informa@on needed? – have risks been (or can be) resolved? Stakeholder Assess Property – are the necessary resources available? Property Reuse Engagement Reuse Risks Assessment • Is the project financially viable and realis@c? Iden<fy Pre-Screen Property Property Reuse Recovery • What alterna@ve (property Obstacles Ac<ons Conduct Due recovery ac@on) would you select? Diligence 10

CT DEEP Web-Enabled PREPARED Workbook • 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 11

Why Use It? • 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 12

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 13