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1.0 INTRODUCTION At the request of Mr. Matt Barker with Capstone Homes, Carlson McCain has prepared this Phase I ESA for the Property located at 16330 US Highway 10 NW in Elk River, Minnesota (referred to as the "Property" or "Site", hereafter). This report was prepared in general accordance with the scope of work and limitations of ASTM Standard Practice E1527-21, the U.S. Environmental Protection Agency (EPA) Standards and Practices for All Appropriate Inquiries (AAI) (40 CFR Part 312).This report summarizes the findings of the ESA, including historical uses of the Property and is designed to provide an assessment concerning environmental conditions (limited to those issues identified in the report) as they exist at the Property. 1.1 Significant Assumptions This report provides a summary of past and present environmental concerns; however, this ESA is limited by the availability of information that was reasonably ascertainable and practically reviewable at the time of the Assessment. It is possible that contamination from unreported or unauthorized disposal, for which there was no obvious indications, exists on the Property. 1.2 Limitations Conditions This Assessment has been completed in accordance with the generally accepted methodologies referred to in the ASTM Standard Practice E 1527-21 for conducting a Phase I ESA. •For the purposes of this Phase I ESA, certain information was relied upon that was provided by the User, defined by ASTM as "the party seeking to use Practice E 1527-21 to complete an ESA of the Property," which is assumed to be accurate.Information provided by the User is summarized in Section 3.0 of this report. •Evaluating the compliance (i.e. compliance audit) of past, current or future owners with applicable Local, State or Federal laws and regulations was not included in our scope of services. •Compounds or materials, other than those noted in this report for which there was no obvious indication, may be present on the Property. •Information gathered for the purposes of this Phase I ESA was used without extraordinary verification. •ASTM Practice E 1527-21 defines several non-scope considerations including but not limited to asbestos, radon, lead paint, mold, wetlands, historical and ecological resources and emerging contaminants. This ESA report does not assess defined E 1527-21 non-scope items, unless specifically noted in the report. 1.3 Special Terms and Conditions No special terms or conditions were agreed to as part of this Phase I ESA. Phase I Environmental Site Assessment 16330 US Highway 10 NW, Elk River, Minnesota September 4, 2024 Carlson McCain, Inc.Page 1