Permits for Phase I
were required from multiple entities, and due to the size and complexity of the project, coordination and communication was imperative.
The aim of a Phase I is to determine if there is an environmental risk that needs to be further evaluated or monitored.
In a host of property transactions, the reliance on insurance to secure financing instead of a Phase I, is good news.
If needed, the Phase I report was also believed to provide grounds for an "innocent landowner" defense.
Many borrowers are seeking out lenders that accept environmental insurance in place of Phase I due diligence because, unlike Phase I's, borrowers do not have to pay for environmental insurance unless their loan is approved.
That usually involved a Phase I
environmental engineering report.
While consultants may be used for performing phase I site assessment, property owners can research many of the phase I details on their own.
Most initial phase I site assessments prove that the property has a clean history, giving property buyers and sellers a clear conscience about potential environmental liabilities.
The Phase I lands will be acquired and developed by the joint venture pursuant to a development agreement with Kamehameha Schools, the current landowner.
E[acute accent]The residential component of Phase I is planned to address the full spectrum of primary housing needs, from entry-level units to custom homes on view lots.
The Company currently has three compounds in development for Alzheimer's disease, namely Phenserine - a potential symptomatic and disease progression treatment of mild to moderate Alzheimer's Disease (AD), Posiphen(TM) - a potential disease progression treatment for AD now in Phase I
, and BisNorCymcerine (BNC) - a potential symptomatic treatment of severe AD now in pre-Investigational New Drug (IND) stage.
The second phase will be concurrent with Phase I
, with construction beginning in mid-2005.
Upon completion, which is scheduled for late next year, the Phase I
expansion will add a 140,000 cubic meter LNG storage tank and increase plant send out from 630 million SCFD to 1.
clinical trial of ProLease human growth hormone.
Sydney Harland, ARS president and chief executive officer, stated: " The end of our pre-commercialization phase is