Regulacje i polityka gospodarcza · 7.12.1999

Proposed Prospective Purchaser Agreement and Covenant Not To Sue

U.S. EPA is proposing to execute a Prospective Purchaser Agreement and Covenant Not to Sue (Agreement) under CERCLA section 9601 et seq., as amended, for the Circle Smelting Corporation Superfund Site. The Prospective Purchaser has agreed to the reuse and redevelopment of the property, thereby creating jobs and economic growth as well as preventing the Site from remaining abandoned, and in return will receive a covenant not to sue and contribution protection from EPA. EPA today is proposing to execute this Agreement because it achieves a benefit for the community where the site is located by encouraging the reuse or redevelopment of property at which the fear of Superfund liability may have been a barrier. The Circle Smelting Site would likely have remained an abandoned lot had EPA not entered into this Prospective Purchaser Agreement and Covenant Not to Sue with the Prospective Purchasers. Therefore, this Agreement provides for the reuse and redevelopment of the Site, thereby fulfilling EPA's Brownfields initiatives and priorities.