HL 531 Week 1 Assignment

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We are writing to provide you with an update to our site cleanup and remediation efforts, specifically as it relates the holdback provision of our Agreement.

As you are aware, the site due diligence and soils investigations we completed during our acquisition process confirmed the presence of contaminated and/or impacted soils at 50 Ann St. which require clean-up and removal prior to us being able to advance our residential re-development proposal.

Our Agreement with you requires that prior to us advancing clean-up of the site, that we provide you with notice in advance of excavation to allow you the opportunity to retain a third party engineer to evaluate our findings and our proposed remediation program.

Please accept this letter as the required formal notice.

Our consultant, Trafalgar Environmental, has conducted extensive investigations on Site
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As such, for your information and review (and that of your third party engineering consultant) we enclose Trafalgar Environmental Consultants Phase II Environmental Site Assessment and Interim Reports #1 and #2 on Phase Two Environmental Site Assessment, which summarize the most recent test pit investigations on Site and the extent of known Hazardous Substances to be excavated and disposed of at a Provincially approved landfill site.

During excavation, we will have a qualified engineer on site to test soil and groundwater samples and certify (and quantify) the presence of Hazardous Substances. Materials will be sorted on Site, loaded onto trucks and transported to applicable offsite waste or soil disposal facilities. Groundwater containing Hazardous Substances will be collected on Site in temporary, aboveground holding tanks, and ultimately disposed of off site by a licensed vacuum truck

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