The purpose of the Phase I ESA is to identify any “recognized environmental conditions” associated with the Site as defined in the ASTM guidance, ASTM E 1527-13. Recognized environmental conditions include the presence or likely presence of hazardous substances or petroleum products on a property under conditions that indicate an existing release, past release or a material threat of a release of any hazardous substances or petroleum products into structures on the property or into the ground, groundwater, or surface water of the property. Recognized environmental conditions also include hazardous substances or petroleum products even under conditions in compliance with environmental laws. The term is not intended to include de minimis conditions that generally do not present a material risk of harm to public health or the environment
and that generally would not be the subject of an enforcement action if brought to the attention of appropriate governmental agencies.