Phase I Environmental Site Assessment 2065 Baum Road Leon County, Tallahassee, Florida 32317 Record No. 101650112 Project No. 112IG02645 June 9, 2010 TETRA TECH 201 Pine Street ● Suite 1000 ● Orlando, Florida 32801 (407) 839.3955 ● FAX (407) 839.3790 ● www.tetratech.com Phase I Environmental Site Assessment 2065 Baum Road Leon County, Tallahassee, Florida 32317 Record No. 101650112 Project No. 112IG02645 June 9, 2010 Prepared By: Tetra Tech, Inc. 17885 Von Karman Avenue, Suite 500 Irvine, California 92614 Phone: 949.809.5000 Fax: 949.809.5010 Prepared For: Federal Deposit Insurance Corporation (FDIC) As Receiver for Peoples First Community Bank No. 10165 c/o NRT REO Experts, LLC 7100 W. Commercial Blvd, Suite 101 Fort Lauderdale, FL 33319 TETRA TECH 201 Pine Street ● Suite 1000 ● Orlando, Florida 32801 (407) 839.3955 ● FAX (407) 839.3790 ● www.tetratech.com June 9, 2010 Federal Deposit Insurance Corporation (FDIC) As Receiver for Peoples First Community Bank No. 10165 c/o NRT REO Experts, LLC 7100 W. Commercial Blvd, Suite 101 Fort Lauderdale, FL 33319 Attention: Mr. Nick Graziadei RE: Phase I Environmental Site Assessment 2065 Baum Road Leon County, Tallahassee, Florida 32317 Record No. 101650112 Project No. 112IG02645 Dear Mr. Graziadei: Tetra Tech, Inc. (Tetra Tech) is pleased to submit this Phase I Environmental Site Assessment (ESA) report to Federal Deposit Insurance Corporation (FDIC), as Receiver for Peoples First Community Bank No. 10165, c/o NRT REO Experts, LLC (Realogy), for the above-referenced property (the Site). Tetra Tech found two potential environmental concerns (PECs) associated with this Site and adjoining properties. Tetra Tech identified no recognized environmental conditions (RECs), historical RECs (HRECs), or business environmental risks (BERs) in connection with the Site. Tetra Tech understands that this ESA is being requested in conjunction with due diligence activities for the Site by the FDIC, as Receiver for Peoples First Community Bank No. 10165. Tetra Tech recognizes that this report is to be used exclusively by the FDIC, as Receiver for Peoples First Community Bank No. 10165, CB Richard Ellis, Inc. (CBRE), Realogy, and their affiliates. It is a report upon which the FDIC, as Receiver for Peoples First Community Bank No. 10165, CBRE, Realogy, and their affiliates can rely. We appreciate the opportunity to provide you with these services. Please do not hesitate to contact us at your convenience, should you have any questions or comments regarding this report or our findings. TETRA TECH, INC. MELISSA BROCK DAVID R. GIDDENS, P.G. Environmental Scientist Florida Licensed Professional Geologist #1654 Phone: 850.385.9899 ext. 1367 Phone: 407.839.3955 ext 227 JENNIFER L. DEAL, P.E. Quality Assurance Manager Phone: 407.839.3955 ext 153 TABLE OF CONTENTS TRANSMITTAL LETTER 1.0 SUMMARY AND RECOMMENDATIONS .................................................................................. 1 2.0 INTRODUCTION ........................................................................................................................... 3 2.1 PURPOSE AND SCOPE OF SERVICES .......................................................................... 3 2.2 SIGNIFICANT ASSUMPTIONS, LIMITATIONS AND EXCEPTIONS, SPECIAL TERMS AND CONDITIONS ............................................................................................ 4 2.3 USER RELIANCE ............................................................................................................. 5 3.0 ASSET INFORMATION AND SITE BACKGROUND ................................................................ 6 3.1 ASSET INFORMATION ................................................................................................... 6 3.2 LOCATION AND LEGAL DESCRIPTION ..................................................................... 6 3.3 SITE AND VICINITY GENERAL CHARACTERISTICS ............................................... 6 3.4 OWNER, MANAGER AND OCCUPANTS ..................................................................... 6 3.5 CURRENT PROPERTY USE ............................................................................................ 7 3.6 STRUCTURES, ROADS, AND OTHER SITE IMPROVEMENTS ................................. 7 3.6.1 Exterior Improvements .......................................................................................... 7 3.6.2 Building Description .............................................................................................. 7 3.6.3 Utilities .................................................................................................................. 7 3.7 CURRENT ADJOINING PROPERTY USE ..................................................................... 7 3.8 SUMMARY ........................................................................................................................ 8 4.0 PROPERTY HISTORY ................................................................................................................... 9 4.1 HISTORICAL SITE AND SURROUNDING PROPERTY USE INFORMATION ......... 9 4.1.1 Prior Ownership and Usage ................................................................................... 9 4.1.2 Prior Site and Surrounding Property Use ............................................................... 9 4.2 SUMMARY ..................................................................................................................... 11 5.0 REGULATORY AGENCY FILE REVIEW ................................................................................. 12 5.1 STANDARD ENVIRONMENTAL RECORD SOURCES (EDR) ................................. 12 5.1.1 Federal Regulatory Records ................................................................................. 12 5.1.2 State Regulatory Records ..................................................................................... 12 5.2 ADDITIONAL ENVIRONMENTAL RECORD SOURCES .......................................... 12 5.3 PREVIOUS ENVIRONMENTAL INVESTIGATIONS ................................................. 13 5.4 HISTORICAL ADJOINING PROPERTY USE INFORMATION ................................. 13 5.5 SUMMARY ...................................................................................................................... 13 6.0 SITE INVESTIGATION AND REVIEW OF ENVIRONMENTAL CONDITIONS .................. 14 6.1 METHODOLOGY AND LIMITING CONDITIONS ..................................................... 14 6.2 TOPOGRAPHY ................................................................................................................ 14 6.3 GEOLOGY ....................................................................................................................... 14 6.4 SOILS ............................................................................................................................... 14 6.5 HYDROLOGY ................................................................................................................. 14 6.6 DRINKING WATER ....................................................................................................... 15 6.7 HAZARDOUS SUBSTANCES OR PETROLEUM PRODUCTS .................................. 15 6.7.1 Hazardous Material Usage ................................................................................... 15 6.7.2 Hazardous Waste Management ........................................................................... 15 TETRA TECH, INC. i RECORD NO. 101650112 PROJECT NO. 112IG02645 6.7.3 Solid Waste Management .................................................................................... 15 6.8 STORM WATER DISCHARGE ...................................................................................... 15 6.9 WASTEWATER DISCHARGE ....................................................................................... 15 6.10 OTHER POTENTIAL RECS OBSERVED ..................................................................... 16 6.11 SUMMARY ...................................................................................................................... 16 7.0 SITE INVESTIGATION AND REVIEW OF SPECIAL RESOURCES ...................................... 17 7.1 ENDANGERED SPECIES ............................................................................................... 17 7.2 WETLANDS .................................................................................................................... 17 7.3 ADDITIONAL SPECIAL RESOURCES REVIEW ........................................................ 17 7.4 SUMMARY ...................................................................................................................... 18 8.0 USER PROVIDED INFORMATION ........................................................................................... 19 8.1 SUMMARY OF USER PROVIDED INFORMATION .................................................. 19 8.2 SUMMARY ...................................................................................................................... 19 9.0 INTERVIEWS ............................................................................................................................... 20 9.1 INTERVIEW WITH SITE OWNER ................................................................................ 20 9.2 INTERVIEW WITH SITE MANAGER .......................................................................... 20 9.3 INTERVIEW WITH OCCUPANTS ................................................................................ 20 9.4 INTERVIEW WITH PAST OWNERS, OPERATORS,