June 17, 2011 To: Georgia Department of Community Affairs 60 ...

4.3.4.2 Environmental Liens
Page 21 of 36
Veranda Blackshear
2011.2232.01
The client indicated that they were unaware of environmental liens associated with the Project
Site. Our review of the provided title documents did not indicate environmental liens on the
Project Site.
4.3.4.3 Specialized Knowledge of the User
The client indicated that they did not have specialized knowledge of environmental significance
with respect to the Project Site.
4.3.4.4 Commonly Known/Reasonably Ascertainable Information
The client indicated that they were unaware of any commonly known information of
environmental significance with respect to the Project Site. United Consulting also conducted
interviews with local residents during the area reconnaissance in an attempt to obtain commonly
known information concerning the Project Site. Details of the interviews performed are included
in Section 4.3 of this report.
4.3.4.5 Reason for Performing the Phase I
This Phase I Environmental Assessment was conducted with the understanding that the client
wishes to obtain tax credits from the Department of Community Affairs (DCA), and that this
Phase I Environmental Assessment is one of the requirements.
4.3.4.6 Relationship of Purchase Price to Fair Market Value
Mr. James Kincaid, representative of the current property owner Heritage Village Blackshear
L.P., indicated the property is priced at fair market value.
4.3.4.6.1 Purchase Price
Based on User supplied information, the price of the Project Site represents fair market value.
4.3.4.6.2 Differential Between Purchase Price and Market Value
Not Applicable.
4.3.4.6.3 Reasons For Any Differential
Not Applicable.
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