June 21, 2011 Ms. Ann V. Kraus Environmental Specialist Federal Deposit Insurance Corporation (FDIC) - DRR/Field Operations Branch 40 Pacifica, Suite 1000 Irvine, California 92618 Re: Phase I Environmental Site Assessment Asset Number: 103340056 Asset Name: Not Provided Location: 1216 1st Street, aka Weber Farm SEC of LCR10 & US 287 Berthoud, Unincorporated Larimer County, Colorado 80513 Project #: 10274-0311 Dear Ms. Kraus: Following is the digital report of the Phase I Environmental Site Assessment conducted on the above referenced location. This Report details the findings and conclusions of our evaluation. As always, EPS Environmental Services, Inc. appreciates the opportunity to have provided our services and looks forward to serving your future needs. Should you have questions concerning this Report, or have further need of our services, please do not hesitate to call. Sincerely, Nicholas J. Cuzzone, P.E. Senior Project Engineer NJC/lmh Enclosures PHASE I ENVIRONMENTAL SITE ASSESSMENT Asset Number: 103340056 Asset Name: NOT PROVIDED 1216 1st Street, aka Weber Farm SEC of LCR10 & US 287 Berthoud, Unincorporated Larimer County, Colorado 80513 Prepared For: Federal Deposit Insurance Corporation (FDIC) As receiver for FirsTier Bank DRR/Field Operations Branch 40 Pacifica, Suite 1000 Irvine, California 92618 Prepared By: EPS Environmental Services, Inc. 7237 West Devon Avenue Chicago, Illinois 60631 Nicholas J. Cuzzone, P.E. Senior Project Engineer Reviewed By: Peter N. Partipilo, C.H.M.M. Senior Environmental Specialist Project Number: 10274-0311 June 21, 2011 TABLE OF CONTENTS 1.0 Summary ......................................................................................................................................................... 1 1.1 Asset Information .............................................................................................................................. 1 2.0 Introduction ..................................................................................................................................................... 2 2.1 Purpose .............................................................................................................................................. 2 2.2 Scope of Services .............................................................................................................................. 2 2.3 Limiting Conditions .......................................................................................................................... 2 3.0 Property Description ....................................................................................................................................... 3 3.1 Location and Legal Description ........................................................................................................ 3 3.2 Description of Improvements On-site ............................................................................................... 3 3.3 Current and Past Uses of the Property .............................................................................................. 5 3.4 Current and Past Uses of Adjoining Sites ......................................................................................... 5 4.0 Records Review ............................................................................................................................................... 6 4.1 Physical Setting Sources ................................................................................................................... 6 4.2 Federal and State Environmental Record Sources ............................................................................ 7 4.3 Historical Use Information ................................................................................................................ 9 5.0 Interviews ...................................................................................................................................................... 11 6.0 Site Reconnaissance ...................................................................................................................................... 11 6.1 Underground Storage Tanks (USTs) ............................................................................................... 12 6.2 Aboveground Storage Tanks (ASTs)/Storage Drums/Containers ................................................... 12 6.3 Chemical and/or Raw Materials ...................................................................................................... 12 6.4 Stained or Disturbed Surfaces/Stressed Vegetation ........................................................................ 12 6.5 Stormwater Run-off /Pools of Liquid/Pits/Drywells ....................................................................... 12 6.6 Waste Disposal Practices ................................................................................................................ 13 6.7 Polychlorinated Biphenyls (PCBs) ................................................................................................. 13 6.8 Readily Visible Suspect Asbestos-Containing Material (ACM) ..................................................... 13 6.9 Potential Lead-Based Paint ............................................................................................................ 13 6.10 Observations of Surrounding Sites .................................................................................................. 14 7.0 Special Resources .......................................................................................................................................... 14 7.1 Endangered Species ........................................................................................................................ 14 7.2 Protection of Wetlands ................................................................................................................... 15 7.3 Coastal Barrier Resources .............................................................................................................. 15 7.4 Floodplain Management/Wild and Scenic Rivers .......................................................................... 15 7.5 Areas of Scientific Significance ...................................................................................................... 16 7.6 Natural, Wilderness and Recreational Areas ................................................................................... 16 7.7 National Natural Landmarks ........................................................................................................... 16 7.8 Sole Source Aquifers ...................................................................................................................... 16 7.9 Archaeological Resources/Historical Sites .................................................................................... 17 8.0 Findings and Conclusions ............................................................................................................................. 17 9.0 Warranty and Limitations of Liability ........................................................................................................... 18 9.1 Confidentiality ................................................................................................................................ 18 9.2 Reliance on Phase I Assessment and Report .................................................................................. 18 9.3 Sources of Information Relied Upon for Phase I Assessment and Report ...................................... 19 9.4 Certification .................................................................................................................................... 19 FIGURES Figure 1 - Property Location Map Figure 2 - Property Sketch Figure 3 - Topographic Map APPENDICES Appendix A - Photographic Documentation Appendix B - Environmental Database Information Appendix C - Historical Information Appendix D - Special Resources Information Appendix E - Chain of Title/Lien Search Report Appendix F - EPS Environmental Qualifications 1.0 SUMMARY EPS Environmental Services, Inc. (EPS Environmental) has performed a Phase I Environmental Site Assessment (Phase I Assessment) of 1216 1st Street, aka Weber Farm SEC of LCR10 & US 287, Town of Berthoud, Unincorporated Larimer County, Colorado 80513 (Property) in conformance with the scope and limitations of the American Society for Testing and Materials (ASTM) Practice E 1527-05; Compliance Findings for the Federal Deposit Insurance Corporation (FDIC); and according to the standards and practices set forth in 40 Code of Federal Regulations (CFR) Part 312. Any exceptions to, or deletions from these practices are described in Section 2.3 of this report (Report). This Phase I Assessment has revealed no evidence of recognized environmental conditions1 (RECs) in connection with the Property. However, businesses environmental risks associated with the current or planned use of the Property are individually discussed in Section 6.0 of this report. Moreover, Special Resources are individually discussed in Section 7.0 of this Report. 1.1 Asset information Asset Name and Address: Asset Name Not Provided 1216 1st Street, aka Weber Farm SEC of LCR10 & US 287 Town of Berthoud, Unincorporated Larimer County, Colorado 80513 Asset Number: 103340045 Financial Institution: FirsTier Bank, Louisville, Colorado FDIC Four/Five Digit Financial Institution Identifier: 10334 (FIN) Asset Type: Owned Real