Proposed CERCLA Administrative Agreement Relating to the Liberty Industrial Finishing Superfund Site, Town of Oyster Bay, Nassau County, New York

Resumen

In accordance with the Agency's May 24, 1995, "Guidance on Agreements with Prospective Purchasers of Contaminated Property," notice is hereby given of a proposed prospective purchaser agreement ("PPA agreement") with the Town of Oyster Bay (the "Town") concerning their possible acquisition, by eminent domain, of an approximately 15-acre parcel of real property (the "Property") included within the Liberty Industrial Finishing Superfund Site in the Town of Oyster Bay, Nassau County, New York (the "Site"). Under the PPA agreement, the United States would covenant not to sue or take administrative action against the Town under section 106 or 107(a) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended ("CERCLA") if the Town becomes the owner of the Property. In exchange, the Town will pay to EPA the difference between the value of the Property, determined as though the Property was not contaminated, and the amount that the Town is required to pay to the owners of the Property for the eminent domain taking, but in no event less than $500,000 nor more than $5,300,000. By publication of this notice, a 30 day period has been established in which t