San Gabriel Valley Superfund Sites Notice of Proposed Administrative Settlement

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In accordance with the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986 (``CERCLA''), 42 U.S.C. 9600 et seq., notice is hereby given that on August 16, 1997 the United States Environmental Protection Agency (``EPA'') and the United States Department of Justice (``DOJ'') executed a proposed Prospective Purchaser Agreement pertaining to a property transaction within the San Gabriel Valley Superfund Sites. The proposed Prospective Purchaser Agreement would resolve certain potential claims of the United States under sections 106 and 107 of CERCLA, 42 U.S.C. 9606 and 9607, and section 7003 of the Solid Waste Disposal Act, as amended, 42 U.S.C. 6973, against Ekstrom Properties and Cardinal Industrial Finishes (the ``Purchasers''). The Purchasers plan to acquire an eleven acre parcel located within the Puente Valley Operable Unit of the San Gabriel Valley Superfund Sites near Los Angeles, California for the purposes of developing and operating a powder coating manufacturing facility. The proposed settlement would require the Purchasers to make a one-time payment of $150,000, which would be