Proposed Settlement Pursuant Sections 106 and 122 of CERCLA Relating to the Gowanus Canal Superfund Site, Brooklyn, Kings County, New York

Résumé

In accordance with Section 122(i) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended ("CERCLA"), notice is hereby given by the U.S. Environmental Protection Agency ("EPA"), Region 2, of two proposed settlement agreements pursuant to Sections 106 and 122 of CERCLA, for Removal Action by Bona Fide Prospective Purchaser ("Settlement Agreements"), entered into by and between EPA, Region 2, LSG 363 Bond Street LLC and LSG 365 Bond Street LLC ("Purchasers") (collectively, the "Parties") under CERCLA. Under the Settlement Agreements, the Purchasers agree to perform a removal action and pay certain response costs in connection with the Gowanus Canal Superfund Site ("Site") located in Brooklyn, Kings County, New York and properties located at 388 Carroll Street, 363 Bond Street, and 365 Bond Street, Brooklyn, New York (collectively, the "Properties"). The Settlement Agreements include a covenant by EPA not to sue or to take administrative action against the Purchasers pursuant to Sections 106 and 107 of CERCLA, with regard to the Existing Contamination, as defined in the Settlement Agreements. For thirty (30) days following the date of publicati