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F� Kennedy;Jenks Consultants j { INTRODUCTION f 1.1 Purpose The purpose of this report is to summarize results of a Phase I Environmental Site Assessment (ESA) performed by Kennedy/Jenks Consultants (Kennedy/Jenks) for the property generally located within the block bounded by Market, Stanislaus, Washington, and American Streets in Stockton, California (subject property). Kennedy/Jenks was retained by the Stockton Newspapers, Inc. (Stockton Newspapers) to perform an ESA on the subject property utilizing ASTM Standard E.1527-94, Standard ; Practice for Environmental Site Assessments: Phase l Environmental Site Assessment k Process, developed by the ASTM subcommittee on environmental assessments for commercial real estate. It is our understanding that the Stockton Newspapers is considering purchasing the subject property. This ESA was completed in accordance with . the terms and conditions of the Professional Services Agreement dated 26 February 1996 between the Stockton Newspapers and Kennedy/Jenks. 1.2 Limiting Conditions Kennedy/Jenks did not have access to properties located immediately adjacent to or in the general vicinity of the subject property. The scope of this report is, therefore, limited to exterior observations of those properties as visible from public right-of-ways. In addition, Kennedy/Jenks did not gain access to certain areas within the subject property. These areas were the southern portion of the second floor of the Shamrock Tavern at 602 Market Street (at the time of the site visit, it remained unclear whether the building in which the Shamrock Tavern is located would be included in the acquisition); the building at 612 Market Street; two office/storage areas at the Cunningham Hotel; the building at 624 Market Street; the second floor of the building at 626-640 Market Street; and the residential trailer at 645 Washington Street. Also, no environmental samples were F collected during the performance of the ESA. } M � --= 1.3 Scope of Work The following tasks were included within the scope of work of the ESA: 1. A visual site assessment to evaluate potential environmental concerns, with photographic records documenting site conditions. A visual assessment for asbestos-containing building materials (ACBMs) and lead was also performed at the site. However, sampling and analysis for ACBMs and lead were not within the scope of this ESA. 2. A review of environmental regulatory agency files for information regarding potential environmental concerns within a 1-mike radius of the subject property. 3. A review of site history of the subject property, and the history of land use within the vicinity of the subject property, including interviews with individuals knowledgeable -- of the subject property. 4. Preparation of a report detailing the findings of the ESA. i:l ab%6L960014.00%teAdoc 1