Environmental Exposures and Lender Concerns

Environmental Assessments (cont.) 404/Wetlands In spite of additional notice of the prohibition against filling and draining of wetlands without authorizations, HCL is stated to have principally, through an owner/general contractor, hired an excavation contractor to trench, drain and fill large portions of the property to lower the water table and destroy the wetland that would otherwise would have been an impediment to commercial development. 404/Wetlands Delineation not covered by Phase I and must be separately requested Subtle/obscure issues such as mitigation ratio can have a big cost swing on some project. 36 :)

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