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Phase I Ena�ironmental Site Asszssment September 2, 2009 <br /> 3.7 Reason for Performing Phase I <br /> This Phase I w�as performed to satisfy one of the requirements to qualify for the innocent landowner, <br /> contiguous property owner or bona fide prospective purchaser limitations on CERCLA liability for a <br /> real estate transaction and obtaining Minnesota Pollution Control Agency (MPCA) assurance letters <br /> for the Properry. Blaine State Bank provided a loan to the current owner for the purpose of placing <br /> the owner in a health care faciliry. The o��ner of the Properry has since defaulted on the loan. <br /> Carlson Professional Sera,�ices, Inc. Page 5 <br />