remedial work & site closure Environmental
The Owner has retained Arcadis Canada Inc. to undertake a decommissioning and environmental remediation of the Halifax Gate Site. The Owner, through their consultant, is completing the remediation and Site closure under an Industrial Approval issued on January 12, 2022, by Nova Scotia Environment and Climate Change (NSECC). Remedial activities are expected to be completed in June 2023 with ground-water monitoring scheduled for a 24-month period post site closure. The following assets are intended to be conveyed “as is” with the Property, unless otherwise specified by prospective purchasers within their offer/LOI: 1. Harborside tank farm and related piping/infrastructure. 2. Closed Asbestos Disposal Cell (ADC). (Note that the Owner has an approval from NSE to operate the ACM (Asbestos Containing Materials) cell until November 25, 2025). Information regarding both the Harbourside assets and the ADC are detailed in the CBRE data room. The described workplan includes preliminary cost and timeline estimates. Potential Purchasers are advised that transfer of the Harbourside assets, ADC, or any work required under the Industrial Approval will require approval by NSECC, as well as financial assurance acceptable to Valero Energy. The Owner will complete remedial work to meet the Industrial standards (non-potable groundwater) as defined by NSE, and meet the requirements of the stormwater management plan, as part of obtaining a Record of Site Condition from its environmental consultant and acknowledged by NSECC. The Site will be subject to certain Restrictive Covenants, which will be consistent with Industrial use. It is anticipated, as part of the Agreement Purchase and Sale (APS), that the Owner will be granted Site access post-closing of the Property to continue all works required to complete the obligations under the Industrial Approval, including execution of the storm water management plan and any ongoing testing required by NSECC.
Available environmental information and reports contained in the CBRE data room include, but are not limited to, the following:
• Phase I Environmental Site Assessment (Phase I ESA) (dated July 19, 2019) • Multiple Phase II ESA reports addressing eleven (11) specific areas of remedial activity at the Site (various reports issued May 2022) • A summary of site reclamation plan (June 24, 2022) • The Nova Scotia Environment Asbestos Deposal Facility approval (December 7, 2015) • As well as a variety of historical reports.
Halifax Gate | pg. 16
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