UNITED STATES ENVIRONMENTAL PROTECTION AGENCY
                              WASHINGTON, O.C. 20460
                                                                      OFFICE OF
                                                                     ORCEUCNT)
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                                     £ ZI  ' ** *7 w


 MEMORAJSfDUM


 SUBJECT:  Guidance on Agreementpwth Prospective Purchasers of
             Contaminated
 FROM:     Steven /Lme/niftn, Assistant Administrator
             Office of Enforcement and Compliance Assurance

 TO:     .    Regional Administrators, Regions I - X
             Regional Counsel, Region I - X
             Waste Management Division Directors, Regions I - X  •
       This memorandum transmits the guidance and model agreement concerning
prospective purchasers of contaminated Superfund property.  The attached guidance
supersedes the Agency policy issued in June 1989, entitled "Guidance on Landowner
Liability under Section 107(a) of CERCLA. De Minimis Settlements under Section •
122(g)(l)(B) of CERCLA, and Settlements with Prospective Purchasers of Contaminated
Property" (OSWER Directive Na 9835.9 and 54 F.R. 34235 (Aug. 18,  1989).  The 1989
guidance limited the use of these covenants to situations where the Agency planned to
take an enforcement action, and where the Agency received a substantial benefit for
cleanup of the site by the purchaser, not otherwise available. In an effort to promote
cleanup for the  beneficial reuse and development of these properties, EPA is expanding
the i in limit urn under which it will consider entering into prospective purchaser
agreements^.- «? *•'•
            sfe.   •
      AddtibmaT information on this policy is available from Lori Boughton ((703) 603-
8959) or Elisabeth Freed ((703) 603-8936) in the Office of Site Remediation
Enforcement Information regarding the model agreement and site specific inquiries
should be directed to Helen Keplinger ((202) 260-7116) in the Office of Site
Remediation Enforcement.
Attachment

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      Guidance on Settlements with Prospective Purchasers
               .  of Contaminated Property
UNITED STATES ENVIRONMENTAL PROTECTION AGENCY
                   401 M Street, S.W.
                 Washington, DC 20460

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                  Guidance on Settlements with Prospective Purchasers
                              of Contaminated Property
  I. Purpose
        This document supersedes EPA's policy on agreements with prospective
  purchasers of contaminated property as set forth in the June 6, 1989, policy document
  entitled "Guidance on Landowner Liability under Section 107(a) of CERCLA, De
  Minimis Settlements under Section 122(g)(l)(B) of CERCLA. and Settlements with
  Prospective Purchasers of Contaminated Property"1 ("the 1989 guidance"). This revised
  guidance reflects both Agency experience  in implementing the 1989 guidance and
  changes to that guidance that EPA believes are needed.

        During the past several years, EPA has entered into a number of prospective
 purchaser agreements to enable purchasers to buy contaminated property for cleanup,
 redevelopment or reuse.  The 1989 guidance required EPA to receive substantial
 benefits in terms of work or reimbursement of response costs that otherwise would not
 have been available.  While some agreements  required  performance of cleanup work on.
 contaminated parcels prior to their redevelopment, others provided covenants not to sue
 for purchase of uncontaminated portions of larger Superfund sites.  EPA's experience
 has demonstrated that prospective  purchaser agreements might be both appropriate and
 beneficial in more circumstances than contemplated by  the 1989 guidance. The Agency
 now believes that it may be appropriate to enter into agreements resulting in somewhat
 reduced benefits to the Agency through cleanup or response costs or in benefits that also
 may be available from other parties. These agreements in turn should provide
 substantial benefits to the community through the  creation or retention of jobs,
 productive use of abandoned property,  or revitaliza&on of blighted areas.

       While this new guidance restates much of the 1989 guidance, it revises two of the
 original criteria used to determine whether a prospective purchaser agreement is
 appropriate. The revised criteria allow the Agency greater flexibility to consider
 agreements with covenants not to sue to encourage reuse or development of
 contaminated nopeny thai would have substantial benefits to the community (e.g~
 through job 
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  II. Statement of Policy

        Beor.'se of the clear liabi!;w which attaches to landowners who acquire property
  with knowledge of contamination, the Agency has received numerous requests for
  covenants not to sue t'rom prospective purchasers of contaminated property/  It is the
  Agency's" policy  not to become involved in private real estate transactions.  However, an
  agreement with  a covenant not to sue a prospective purchaser might appropriately be
  considered if it will have substantial benefits for the government and if the prospective
  purchaser satisfies other criteria3.

        The Agency recognizes that entering into an agreemc..: containing a covenant not
  to sue with a prospective purchaser of contaminated property, given appropriate
  safeguards, may result in an environmental benefit through a payment for  cleanup or a
  commitment to perform a response action.  EPA's experience has shown that prospective
  purchaser agreements have also benefitted 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 Agency believes that it is necessary to provide
 greater flexibility in offering covenants not to sue. Through this guidance, the Agency
 adopts a policy which expands the circumstances under which prospective purchaser
 agreements may be considered:

 in.    Criteria for entering into covenants not to sac with prospective purchasers
        of contaminated property

       The following criteria should be met before the Agency'considers entering into
 agreements with prospective purchasers.  These criteria are intended to reflect EPA's
 commitment to removing the barriers imposed by potential CERCLA liability while
 ensuring piUtection of human  health and the environment.  The Agency  may also reject
 any offer if it determines that  entering into an agreement with a prospective purchaser is
 not sufficiently in the public interest to warrant expending the resources  necessary to
 reach an agreement. Regions should consider the following criteria when evaluating
 prospective purchaser agreements.
       2   Sine* settlements with typical prospective purchasers (Le^ those who do not
currently ow«ate property, are not otherwise.involved with the site, and are, therefore,
not yet liabJJjfiJBef Section 107) will not be reached under Section 122, the procedures
and restrictiblprfe that section* such as those relating to covenants not to sue, will not
apply.

       3This guidance is also applicable to persons seeking prospectiveiy to operate or
lease contaminated property.  Agreements with prospective lessees/operators will be
evaluated using the criteria set forth in this guidance, and will require the currrnt
owner's signature.

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  1.     An EPA action at the facility has been taken, is ongoing, or is anticipated
        to be undertaken bv the Agencv.

        This criterion is meant to ensure that EPA does not become unnecessarily
  involved in purely private  real estate  transactions or expend its limited resources in
  negotiations which are unJikely to produce a sufficient benefit to the public.  EPA,
  however, recognizes the potential gains in terms of clean up and public benefit that may
  be realized with broader application of prospective purchaser agreements.  Therefore,
  this criterion has been expanded beyond the limitation in the 1989 guidance to sites
  where enforcement action is anticipated, to now include sites where federal involvement
  has occurred or is expected to occur.

        Accordingly, when requested, the Agency may consider entering into prospective
 purchaser agreements at sites listed or proposed for listing on the National Priorities List
 (NPL), or sites  where EPA has undertaken, is undertaking, or plans to conduct a
 response action.. If the Agency receives a request for a prospective purchaser agreement
 at a site where  EPA has not yet become involved, Regions should first evaluate the
 realistic possibility that a prospective purchaser may incur Superfund liability  when
 determining the appropriateness of entering into a prospective purchaser agreement
 This evaluation  should dearly show that EPA's covenant not to sue is essential to
 remove Superfund liability barriers and allow the private party cleanup and productive
 use, reuse, or redevelopment of the site.

       The Agency should consider the following factors when evaluating the
 appropriateness  of entering into an agreement with a prospective purchaser at any site:

 a.     Whether  information regarding releases or potential releases of hazardous
       substances at the site indicates  that there is a substantial likelihood of  federal
       response  or enforcement action at the site that would justify EPA's involvement in
       entering into the prospective purchaser agreement EPA should consider
       information that, is available through EPA's data systems, such as the
       Comprehensive Environmental  Response, Compensation, and Liability
       Information System ("CERCUS"), a state agency, or through submissions from the
       prospective purchaser, such as the results of an environmental audit or site
       assessment.
b.     "In igjJTjrirfii i  available avenues te.y~ private indemnification agreements) may
       exist liSHyPuentry alleviate the threat of Superfund' liability at the site without
       the ne*3ffer EPA involvement  In most cases EPA will decline to consider an
       agreement at a site that is currently undergoing cleanup through a state program,
       since future EPA activity at such a site is extremely unlikely.

       Prospective purchaser agreements generally will not be appropriate at sites
screened out using the above criteria.  For example, sites designated by EPA as No
Further Response Action Planned (NFRAP) and removed from CERCUS win rarely be

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 deemed appropriate for a prospective purchaser agreemeni.  Even at such sites, however.
 EPA may, in extremely unusual circumstances, consider a prospective  purchaser
 agreement if it is in the public interest and the agreement is essential  to achieve a vefy
 significant public benefit.

 2.     The Agency should receive a substantial benefit either in the form of a
        direct benefit for cleanup, or as an indirect public benefit in combination
        with a reduced direct benefit-to EPA.

        A cornerstone of the Agency's evaluation process under this policy is the
 measurement of environmental benefit, in the form of direct funding, or cleanup, or a
 combination of reduced direct funding or cleanup and an indirect public benefit.  The
 Agency believes that its past practice of limiting prospective purchaser agreements to
 those situations where substantial benefit was measured .only in terms of cost
 reimbursement or work performed may have decreased the effectiveness of this tool.

       This guidance encourages a more balanced evaluation of both the direct and
 indirect benefits of a prospective purchaser agreement "to the government and the public.
 EPA recognizes that indirect benefits to a community is an important consideration and
 may justify the commitment of the Agency's resources necessary to negotiate a
 prospective purchaser agreement, even where there are reduced direct benefits to die
 Agency in terms of cleanup and cost reimbursement

       Therefore, EPA may continue to consider entering into prospective purchaser
 agreements where there is a substantial direct benefit to EPA in terms of a commitment
 to conduct the cleanup or to reimburse EPA's cost of cleanup. Furthermore, Regions
 may now consider negotiating prospective purchaser agreements that will result in
 substantial indirect benefits to the community as long as there is still some direct benefit
 to the Agency. Both direct and indirect benefits should be measurable to enable EPA to
 evaluate them effectively and to ensure they are substantial  Examples of indirect
 benefits to the community include measures that serve to reduce substantially the risk
 posed by the  site, creation or retention of jobs, development of abandoned or blighted
 property, creation of conservation or recreation areas, or provision of community services
 (such as improved public transportation and infrastructure.) Examples of reduced but
 measurable benefits to EPA include partial cleanup or compensation.
                          i
                   •         •                          '
       While dtiifpoficy is intended to provide greater flexibility in providing prospective
purchaser agrdtfjus, EPA is not reducing its commitment .to environmental protection
or environmea^ptttce. The Agency intends to carefully weigh the public interest
considerations of"creating jobs in the inner city, where older contaminated industrial
properties are often located, against the possibility of further environmental  degradation
of industrial property in mixed industrial/residential areas.  EPA  is committed to
working with  purchasers of such property, to the extent possible, to ensure proper
cleanup and promote responsible land use.

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  3.     The continued operation of the facility or new site development, with the
        exercise of due care, will not aggravate or contribute to the existing
        contamination or interfere with EPA's response action.

        Information which should be considered by the Agency to evaluate the effect of
  new site development or continued operation ot' the facility could include site assessment
  data and the Engineering Evaluation Cost-Analysis (EE/CA) or remedial
  investigation/feasibility study (RI/FS), if available, and all other information relevant to
  the condition of the facility.  If the prospective purchaser  intends to continue the
  operations of an existing facility, the prospective purchaser should submit information
  sufficient to allow the Agency to determine whether the continued operations are likely
  to aggravate or contribute to the <»risting contamination or interfere with the remedy.  If
  the prospective purchaser plans to undertake new operations, or development of the
  property, comprehensive information regarding these plans should be provided to EPA.
  If the planned  activities of the prospective purchaser are likely to aggravate or contribute
  to the existing contamination or generate new contamination, EPA generally will not
  enter into an agreement, or will include restrictions in the agreement which prohibit
  those operations OF portions of those operations which are likely to aggravate or
 contribute to the existing contamination or interfere with the remedy.

       The Agency will determine  on a case-by-case basis whether the available
 information is sufficient for purposes of this evaluation.  One key factor to be considered
 is whether the remedial investigation or other site evaluation has been completed and
 the extent of information which has been generated in that process.  EPA may not enter
 into an agreement if the available information' is insufficient for purposes of evaluating
 the impact of the proposed activities.
4.     The Continued operation or new development of the property will' not pose
       health risks to the community and those persons likely to be present at the
       site.                                  .

       EPA believes it is important to consider the environmental implications of site
operations on the surrounding community and to those likely to be present or have
access to the site.

5.

       A setting party, including a prospect:-?  urchaser of contaminated property,
should demonstrate that it is financially viable and capable of fulfilling any obligation
under the agreement. In appropriate circumstances, EPA may  structure payment or
work to be performed to avoid or minimi** an undue financial burden on the purchaser.

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  IV.    Consideration

        As a .latter or' law. it is necessary for EPA to obtain adequate consideration when
  entering into a prospective purchaser agreement. In determining what constitutes
  adequate consideration. Regions should consider a number or' t'actors.  Initially, Regions
  should examine the amount of past and future response costs expected to be incurred at
  the site, whether there are other potentially responsible parties who can perform the
  work or reimburse EPA's costs, and whether there is likely to be a shortfall in recovery
  of costs at the site.  Regions should  then consider the purchase price to be paid by the
  prospective purchaser, the market value of the property, the value of any lien on the
  property under Section 107(1) of CERCLA, whether the purchaser is paying a reduced
  price due to the condition of the property, and if so, the likely increase in the value of
  the property attributable to the cleanup (e.g. compare purchase price or market price
 with the estimated value of the property following completion of the response action).
 Finally, Regions should consider the size and nature of the prospective purchaser and the
 proposed use of the site (e.g. whether the purchaser is a large commercial or industrial
 venture, a small business, a non-profit orcommunity-based activity).  The analysis of any
 benefits received by- the Agency also should contemplate any projected "windfall" profit
 to the purchaser when the government has unreimbursed response costs, and whether it
 is appropriate to include in the agreement some  provision  to recoup such costs. This
 analysis should be coupled with an examination of any indirect benefit that the Agency
 may receive (e.g.. demolition of structures, implementation of institutional controls) in
 determining whether a prospective purchaser agreement provides a substantial benefit.

 V.  Public Participation

      "In light of EPA's new policy of accepting indirect public benefit as partial
 consideration, and the fact that the prospective purchaser agreements will provide
 contribution protection to the purchaser, the surrounding community and other members
 of the public should, be afforded opportunity to comment on the settlement, wherever
 feasible. Because settlements with prospective purchasers are not expressly governed by
 CEROUX. Section 122, there is no legal requirement for public notice and comment.
 Whenever practicable, however, Regions should publish notices in the Federal Register
 to ensure adequate notification of the agreement to  all interested parties.  Notice of a
 proposed settlement, in the Federal register alone; however, will rarely be sufficient to
 appropriately involve a community in the process concerning an agreement with a
 prospective pnefiaser.  Particularly in urban immunities and at facilities where
 environmeni^BHttice is an issue. Regions should provide sufficient opportunities for
 public infbrmifQla dissemination and facility pubuc input. Seekic   ooperation with
state and local government may also facilitate public awareness and involvement.
Additionally, Regions should make a case-by-case determination of the need and level of
additional measures to ensure meaningful community involvement with respect to the

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 •agreement.  Because ot business considerations some prospective purchaser agreements
 may be subject to relatively short deadlines. In these circumstances. Regions should
 allow sufficient time for appropriate approvals and public comment prior to the deadline.

 VI.  Process

        A mandatory consultation with the Director of the Regional Support Division,
 Office of Site Remediation Enforcement, is required for any agreement entered with a
 prospective purchaser of contaminated property. Any prospective purchaser agreement
 can only be entered into with the express concurrence of the Assistant Attorney General.
 It is important that Regions involve EPA Headquarters and the Department of Justice at
 an early point in the process, and keep th^rn involved throughout the negotiations.  In
 particular, any draft settlement document should be forwarded to Headquarters and the
 Department of Justice prior to being sent to a prospective purchaser.   When seeking
 approval for a settlement, it is important to explain the consideration for the covenant
 not to sue, whether direct or a combination of direct and indirect benefits, how it  was
 determined, and why the Region considers it to be adequate.

       This guidance and any internal procedures adopted for its implementation are
 intended solely as guidance  for employees of the G.S. Environmental Protection Agency
 and creates no substantive rights in any persons. Case specific inquiry should be directed
 to the  Regional Support Division.  Additional information on this policy is available from
 Lori Boughton ((703) 603-8959), Elisabeth Freed ((703) 603-8936) in the Policy and
 Program Evaluation Division, and Helen  Keplinger ((202) 260-7116) in the  Regional
Support Division.

Attached Model Agreement

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           UNITED STATES ENVIRONMENTAL PROTECTION AGENCY

                             REGION 	

 IN THE MATTER OF:  [name]
                                          [Docket Number]

 UNDER THE AUTHORITY OF THE         )     AGREEMENT AND COVENANT
 COMPREHENSIVE ENVIRONMENTAL        )     NOT TO SUE [Insert
 RESPONSE, COMPENSATION, AND        )     Settling Respondent's
 LIABILITY ACT OF 1980, 42 U.S.C.    )     Name]
 S 960.1,  et sea., as amended.       )
 [state law,  if appropriate-]        )


                         I.  INTRODUCTION
          '(
      This Agreement and Covenant  Not to  Sue ("Agreement")  is made

 and entered  into by and between the United  States  Environmental

 Protection Agency ("EPA")  [state  of 	]  and 	  [insert

 name of  Settling Respondent] (collectively  the "Parties").

      EPA enters  into  this  Agreement pursuant to the Comprehensive

 Environmental  Response,  Compensation,  and Liability Act  of  1980,

 as  amended ("CERCLA"),  42  U.S.C.  S  9601, et  sea.   [If  the state

 is  a  party,  insert  "The  State of     '	,  enters into this

 Agreement pursuant  to  [cite  relevant state authority.]" and make

 appropriate  reference  to state with respect  to  affected

 provisions,  including  payment or work to be  performed].

      [Provide  introductory information, consistent with

 Definitions  and Statement  of Facts, about the party purchasing

 the contaminated property  including, name ("Settling

 Respondent"),  address, corporate status if applicable  and include

proposed use of the property by prospective  purchaser.  Provide

name, location and description of Site.]

     The Parties agree to  undertake all actions required by the

terms and conditions of this Agreement.  The purpose of this

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 Agreement is to settle and resolve, subject to reservations and
 limitations contained in Sections VII, VIII, IX, and X [If this
 Agreement contains a separate section for Settling Respondent's
 reservations, add section number], the potential liability of the
 Settling Respondent for the Existing Contamination at the
 Property which would otherwise result from Settling Respondent
 becoming the owner of the property.
      The Parties agree that the Settling Respondent's entry into
 this  Agreement,  and the actions undertaken by the Settling
 Respondent in accordance with the Agreement/  do  not constitute an
 admission of any liability by the Settling Respondent.
      The resolution of  this potential  liability,  in exchange  for
 provision by the Settling Respondent  to  EPA [and the state] of a
 substantial  benefit,  is  in the public  interest.
                         II.  DEFINITIONS
      Unless  otherwise expressly provided herein,  terms used in
 this  Agreement which are  defined in CERCLA or in  regulations
 promulgated  under CERCLA  shall  have the meaning assigned to them
 in CERCLA or in  such regulations,  including any amendments
 thereto.
      1.   "EEA" shall mean the United States Environmental
 Protection Agency and any successor departments or agencies of
 the United States.
     2.  "Existing Contamination"  shall mean any  hazardous
substances, pollutants or contaminants, present or existing on or
under the Site as of the effective date of  this Agreement.

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      3.   "Parties" shall mean EPA, [State of 	], and the
 Settling Respondent.
      4.   "Property" shall mean that portion of the Site which is
 described in Exhibit  1 of this Agreement.
      5.   "Settling Respondent" shall mean  	.
      6.   "Site"  shall mean the [Superfund]  Site,  encompassing
 approximately	 acres,  located at  [address  or description
 of  location]  in  [name of city/  county/ and State]/  and  depicted
 generally on  the map  attached as  Exhibit 2.   The  Site shall
 include  the Property/  and all areas  to which  hazardous  substances
 and/or pollutants  or  contaminants/ have come  to be  located
 [provide  a more  specific definition  of the  Site where possible/-
 may also  wish  to include within Site description  structures/
 USTs/ etc].
     7.   "United States"  shall mean  the United States of America,
 its departments, agencies, and instrumentalities.
                     III.  STATEMENT OF FACTS
     8.   [Include only those  facts relating to the Site that are
relevant  to the  covenant  being provided the prospective
purchaser.  Avoid adding  information that relates only to actions
or parties that  are outside of this Agreement.]
     9.   The Settling Respondent represents/ and  for the purposes
of this Agreement EPA  [and the state] relies on those
representations/ that Settling Respondent's involvement with the
Property  and the Site has been limited to the following:
 [Provide  facts of any involvement by Settling Respondent with the

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 Site, for example performing an environmental audit, or if
 Settling Respondent has had no involvement with the Site so
 state.].               .
                            IV.  PAYMENT'
      10.  In consideration of and in exchange for the United
 States' Covenant Not to Sue in Section VIII herein [and Removal
 of Lien in Section XXI herein if  that is part of the
 consideration for the agreement],  Settling Respondent agrees to
 pay to EPA the sum of $	,  within 	 days of the
 effective date of this Agreement.  [A separate section should be
 added if  the consideration is  work  to be performed.]   The
 Settling  Respondent  shall  make all  payments required by this
 Agreement in the form of a certified check or checks  made  payable
 to  "EPA Hazardous Substance Superfund,"  referencing the EPA
 Region, EPA  Docket number,  and  Site/Spill  ID*	[insert  4-
 digit no.; first 2 numbers  represent Region,  second 2  numbers are
 Region's  Site/Spill  ID no.], [DOJ case number	, if
 applicable]  and  name and address of  Settling Respondent. .[insert
 Regional  Superfund Lockbox  address where payment, should be sent].
 Notice of payment shall be  sent to those persons listed in
 Section XV (Notices  and Submissions)  and to  EPA Region	
 Financial Management Officer [insert  address].
     11.  Amounts due  and owing pursuant to  the terms of this
Agreement but not paid in accordance  with  the terms of  this
Agreement shall  accrue interest at the rate  established pursuant
to Section 107(a) of CERCLA, 42 U.S.C. S 9607(a), compounded on

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 an annual basis.
                  [	.]  FWORK TO BE PERFORMED!
      [Include this section and other appropriate provisions
 relating to .performance of the work/ such as financial assurance,
 agency approvals, reporting, etc., where work to be performed is
 the consideration for the Agreement.
      	.   Statement of Work attached as Exhibit 3.]
            V.   ACCESS/NOTICE TO SUCCESSORS IN INTEREST
      12.   Commencing upon the date that it acquires title to the
 Property,  Settling Respondent agrees to provide to EPA [and the
 state]  its  authorized officers,  employees,  representatives, and
 all other persons performing response actions under EPA [or
 state]  oversight,  an irrevocable right of  access at all
 reasonable  times  to  the  Property and to  any other property to
 which access is required for the implementation of response
 actions at  the Site,  to  the  extent access  to  such other property
 is controlled by  the  Settling Respondent,  for the purposes of
 performing and overseeing response actions  at the Site  under
 federal [and state]  law.  EPA agrees  to  provide reasonable notice
 to the Settling Respondent of  the timing of response actions to
 be undertaken at the  Property.  Notwithstanding any provision of
 this Agreement, EPA retains  all of its authorities  and  rights,
 including enforcement authorities related thereto,  under CERCLA,
 the Solid Waste Disposal Act, as amended by the  Resource
Conservation and.Recovery Act, 42 U.S.C. S 6901,("RCRA") et.
 seq..  and any other applicable statute or regulation, including

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 any amendments thereto.
      13.   Within 30 days after the effective date of this
 Agreement,  the Settling  Respondent shall record a certified copy
 of this Agreement with the Recorder's  Office [or Registry of
 Deeds or other appropriate office],  	 County,  State
 of	.   Thereafter/ each deed/  title/  or other
 instrument  conveying an  interest  in  the  Property shall  contain a
 notice stating that the  Property  is  subject  to  this  Agreement.  A
 copy of these  documents  should be sent to the persons listed in
 Section XV  (Notices and  Submissions).
      14.  The  Settling Respondent shall  ensure  that  assignees/
 successors  in  interest/  lessees/  and sublessees,  of  the Property
 shall  provide  the  same access  and cooperation.  The  Settling
 Respondent  shall ensure  that a copy of this Agreement is  provided
 to  any current  lessee  or sublessee on  the  Property as of  the
 effective date  of  this Agreement  and shall ensure that any
 subsequent  leases/  subleases/  assignments  or transfers of the
 Property or an  interest  in the Property are consistent with  this
 Section, and Section XI  (Parties  Bound/Transfer of Covenant), of
 the Agreement  [and where appropriate.  Section 	  (Work to be
 Performed) ] .!.'.•.
                    VI.  DUE CARE/COOPERATION
     15.  The Settling Respondent shall exercise due care at the
 Site with respect to the Existing Contamination and shall comply
with all applicable local, State, and  federal laws and
regulations.  The Settling Respondent  recognizes that the

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 implementation of response actions at the Site may interfere with
 the Settling Respondent's use of the Property, and may require
 closure of. its operations or a part thereof.   The Settling
 Respondent agrees to cooperate fully with EPA in the
 implementation of response actions at the Site and further agrees
 not to interfere with such response actions.   EPA agrees/
 consistent with its  responsibilities under applicable law,  to use
 reasonable efforts to minimize any interference with the Settling
 Respondent's  operations  by such entry and response.   In  the event
 the Settling  Respondent  becomes aware of  any  action  or occurrence
 which  causes  or threatens  a release of hazardous substances,
 pollutants  or contaminants at  or from the Site that  constitutes
 an  emergency  situation or  may  present an  immediate threat to
 public health or welfare or the environment,  Settling Respondent
 shall  immediately  take all appropriate action to prevent, abate,
 or'minimize such release or threat  of release,  and shall, in
 addition to complying  with any applicable notification
 requirements  under Section 103  of CERCLA,  42  U.S.C. §9603,  or any
 other law, immediately notify  EPA of  such release or  threatened
 release.
                       "VII.  CERTIFICATION
     16.  By  entering  into this agreement, the  Settling
 Respondent certifies that  to the best  of-  its  knowledge and  belief
 it has fully  and accurately disclosed  to  EPA  [_and the state] all
 information known to Settling  Respondent  and  all.information in
the possession or control  of its officers, directors, employees,

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 contractors and agents which relates in any way to any Existing
 Contamination or any past or potential future release of
 hazardous substances, pollutants or contaminants at or from the
 Site and to its qualification for this Agreement.   The Settling
 Respondent also certifies that to the best of its  knowledge and
 belief it has not caused or contributed to .a release or threat of
 release of hazardous substances or pollutants or contaminants  at
 the  Site.   If the United States [and the state]  determines  that
 information provided by Settling Respondent  is  not materially
 accurate and complete,  the  Agreement/  within the sole discretion
 of the United States/  shall be null  and void and the United
 States [and the state]  reserves all  rights it [they]  may have.
            VIII.  UNITED STATES' COVENANT NOT TO SUE1
      17.   Subject to  the Reservation of  Rights  in  Section IX of
 this  Agreement/  upon  payment  of the  amount specified in  Section
 IV (Payment)/  of  this Agreement [if  consideration  for Agreement
 is work  to  be  performed/  insert/ as  appropriate/ "and upon
 completion  of  the work  specified in  Section 	  (Work to  Be
 Performed)  to  the satisfaction  of EPA"], the  United  States  [and
 the state]  covenants  not  to sue or take  any other  civil  or
 administrative action against Settling Respondent  for any and  all
 civil  liability  for injunctive  relief or reimbursement of
          Since the covenant not to sue is from the United
States/ Regions negotiating these Agreements should advise the
Department of Justice of any other federal agency involved with
the Site, or which'may have a claim under CERCLA with respect to
the Site and use best efforts to advise such federal agency of
the proposed settlement.
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 response costs pursuant to Sections 106 or 107(a) of CERCLA, 42
 U.S.C. §§ 9606 or 9607(a) [and state law cite] with respect to
 the Existing Contamination.
                     IX.   RESERVATION OF  RIGHTS
      18.   The covenant not to sue set forth in Section VIII above
 does not  pertain to any matters other than those .expressly
 specified in Section VIII (United States'  Covenant Not to Sue).
 The United States [and the State] reserves and the Agreement is
 without prejudice to all rights against  Settling Respondent with
 respect to all  other matters,  including  but not  limited to,  the
 following:
      (a)   claims  based on  a  failure by Settling  Respondent  to
 meet  a  requirement of this Agreement, including  but not limited
 to  Section  IV (Payment), Section  V (Access/Notice to Successors
 in  Interest), Section VI  (Due  Care/Cooperation),  Section XIV
 (Payment of Costs, [and, if appropriate, Section  	 (Work to be
 Performed)];
      (b)  any liability resulting from past or future releases of
 hazardous substances,  pollutants  or contaminants,  at or from the
 Site caused or contributed to  by  Settling Respondent, its
 successors, assignees, lessees or sublessees;
      (c)  any liability resulting from exacerbation by  Settling
Respondent, its successors, assignees, lessees or  sublessees, of
Existing Contamination;
     (d)  any liability resulting from the release or threat of
release of hazardous  substances,  pollutants or contaminants, at

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 the Site after the effective date of this Agreement, not within
 the definition of Existing Contamination;
    .  (e)  criminal liability;
      (f)  liability for damages for injury to,  destruction of, or
 loss of natural resources/ and for the costs of any natural
 resource damage assessment incurred by federal  agencies other
 than EPA; and
      (g)  liability for violations of local/  State or federal law
 or regulations.
      19.  With respect  to  any claim or cause of action  asserted
 by the  United States  [or the state],  the  Settling Respondent
 shall bear the burden of proving  that the claim or cause  of
 action/  or any part thereof/  is attributable  solely to  Existing
 Contamination.
     20.   Nothing  in this  Agreement is  intended as  a release or
 covenant not  to sue for  any  claim or  cause of action/
 administrative or  judicial/  civil  or  criminal/  past  or  future/  in
 law or  in equity/ which  the United States  [or the  state] may have
 against  any person/ firm/  corporation or  other  entity not a party
 to this  Agreement.
     21.  Nothing in this Agreement is  intended to limit the
 right of  EPA  [or the state] to undertake  future response actions
 at the Site or to seek to compel parties other  than  the Settling
 Respondent to perform or pay for response actions at the Site.
Nothing in this Agreement shall, in any way restrict  or  limit the
nature or scope of response actions which may be taken or be
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 required by EPA [or the state] in exercising its authority under



 federal [or state ] law.  Settling Respondent acknowledges that



 it is purchasing property where response actions may be required.



           X.  SETTLING RESPONDENT'S COVENANT NOT TO SUE



      22.  In consideration of the United States' Covenant Not To



 Sue in Section VIII of this Agreement,  the Settling Respondent



 hereby covenants not to sue and not to  assert any claims or



 causes of  action against the United states [or the state],  its



 authorized officers,  employees,  or representatives with respect



 to the Site or this  Agreement,  including but not limited to,  any



 direct or  indirect  claims  for reimbursement from the Hazardous



 Substance  Superfund  established  pursuant to the Internal Revenue



 Code,  26 U.S.C.  $ 9507,  through  CERCLA  Sections 106(b)(2),  111,



 112,  113,  or any other provision of  law,  any claim against  the



 United States,  including any department,  agency or



 instrumencality of the United States under CERCLA  Sections  107 or



 113 related  to  the Site, or  any  claims  arising  out  of response



 activities at the Site,  including  claims  based  on  EPA's  oversight



 of such activities or  approval of  plans  for such activities.



     23o  The Settling Respondent  reserves,  and this Agreement is



without prejudice to,  actions against the United States  based  on



 negligent actions taken  directly by the United  States, not



 including oversight or approval of the  Settling  Respondent's



plans or activities, that are brought pursuant to any statute



other than CERCLA or RCRA and for which the waiver  of sovereign



immunity is  found in a statute other than CERCLA or RCRA.





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 Nothing herein shall be deemed to constitute preauthorization of1
 a claim within the meaning of Section 111 of CERCLA,  42 U.S.C. §
 9611,  or 40 C.F.R. § 300.700(d).
              XI.   PARTIES BOUND/TRANSFER OF COVENANT
      24.  This Agreement shall apply to and be binding upon the
 United States, [and the state],  and shall apply to  and be binding
 on the Settling Respondent,  its  officers, directors,  employees,
 and agents.   Each signatory  of a  Party to this Agreement
 represents that he or she is fully authorized to enter into the
 terms  and conditions of this Agreement and to legally bind such
 Party.
     25.   Notwithstanding any other provisions of this  Agreement,
 all  of  the rights,  benefits  and obligations  conferred .upon
 Settling Respondent under this Agreement  may be assigned or
 transferred to any person with the prior  written consent of EPA
 [and the  state] in its  sole  discretion.
     26.   The  Settling  Respondent  agrees  to  pay the reasonable
 costs incurred by EPA  [and the state]  to  review any subsequent
 requests  for consent, to assign or  transfer the Property.
     27.   In the  event  of  an assignment or transfer of  the
 Property  or an assignment  or transfer  of  an  interest  in the
 Property,  the  assignor  or  transferor shall continue to  be  bound
by all the terms  and conditions, and subject  to  all the benefits,
of this Agreement except as  EPA [the state] and  the assignor or
transferor agree otherwise and modify  this Agreement, in writing,
accordingly.  Moreover, prior to or simultaneous with any
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 assignment or transfer of the Property, the assignee or
 transferee must consent in writing to be bound by the terms of
 this Agreement including but not limited to the certification
 requirement in Section VII of this Agreement in order for the
 Covenant Not to Sue in Section VIII to be available to that
 party.   The Covenant Not To Sue. in Section VI11 shall not be
 effective with respect to any assignees or transferees who fail
 to provide such written consent to EPA [and the state].
                         XII.  DISCLAIMER
      28.   This Agreement in no way constitutes a finding by EPA
 [or the  state]  as  to the risks to human health and the
 environment which  may be posed by contamination at the Property
 or the Site nor  constitutes  any representation by EPA [or the
 state] that the  Property or  the  Site  is  fit for any particular
 purpose.
                     XIII.  DOCUMENT RETENTION
      29.  The Settling Respondent agrees to retain and make
 available to EPA [and the state]  all  business  and operating
 records, contracts,  site studies  and  investigations,  and
 documents relating to operations  at the Property,  for at  least
 ten years,  following the effective date of  this Agreement  unless
 otherwise agreed to  in writing by the Parties.  At the end of ten
years, the  Settling  Respondent shall  notify EPA  [and  the state]
of the location, of such documents and shall  provide EPA  [and the
state] with an opportunity to copy any documents  at the expense
of EPA [or the state].   [Where work is to be performed, consider

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 providing for document retention for ten years or until
 .completion of work to the satisfaction of EPA, whichever is
 longer.]
                      XIV.   PAYMENT OF COSTS
      30.  If the Settling Respondent fails to comply with the
 terms of this Agreement,  including,  but  not limited to,  the
 provisions of Section IV (Payment),  [or  Section —  (Work to be
 Performed)]  of this Agreement,  it shall  be liable for all
 litigation and other enforcement costs incurred by  the United
 States  [and  the state]  to enforce this Agreement or otherwise
 obtain  compliance.
                   XV.  NOTICES AND SUBMISSIONS
      31.   [Insert names,  titles,  and  addresses  of those  to  whom
 notices  and  submissions are  due,  specifying which submissions are
 required.]
                       XVI.  EFFECTIVE DATE
      32.  The effective date of this  Agreement  shall be  the date
upon which EPA  issues written notice  to the Settling Respondent
that EPA  [and the .state]  has fully executed the Agreement after
review of and response to any public  comments received.
                 XVII.   ATTORNEY GENERAL  APPROVAL
     33.  The Attorney General of the United States or her
designee has issued prior written approval of the settlement
embodied in this Agreement.                        .
                       XVIII.  TERMINATION
     34.  If any Party believes that any or all of the

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 obligations under Section V  (Access/Notice to Successors  in
 Interest) are no longer necessary to ensure compliance with the
 requirements of the Agreement, that Party may request in writing
 that the other Party agree to terminate the provision(s)
 establishing such obligations; provided, however, that the
 pro.vision(s) in question shall continue in force unless and until
 the party requesting such termination receives written agreement
 from the other party to terminate such provision(s).
                   XIX.   CONTRIBUTION PROTECTION
      35.  With regard to claims  for contribution against Settling
 Respondent,  the Parties hereto agree that the  Settling Respondent
 is  entitled  to protection  from contribution actions or claims  as .
 provided by  CERCLA Section  113(f)(2),  42 U.S.C.  S 9613(f)(2)  for
 matters  addressed in  this Agreement.  The matters addressed in
 this Agreement  are [all response  actions taken or to  be  taken  and
 response costs  incurred or to be  incurred by the United  States or
 any other person for  the Site with respect to the Existing
 Contamination].
     36.  The .Settling  Respondent agrees that with respect to  any
 suit or  claim for contribution brought by it for matters related
 to this  Agreement it will notify the United States [and the
 state] in writing no  later than 60 days  prior to the  initiation
 of such  suit or claim.
     37.  The Settling  Respondent also agrees that with respect
 to any suit or claim for contribution brought against  it for
matters related to this Agreement it will notify in writing the

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 United States [and the state]  within 10 days  of service of the
 complaint on them.
                           XX.   EXHIBITS
      38.   Exhibit 1 shall  mean the description  of  the  Property
 which is  the subject of this Agreement.
      39.   Exhibit 2 shall  mean the map  depicting the Site.
      [—.  Exhibit 3 shall  mean the Statement  of Work.]
                       XXI.  REMOVAL OF  LIEN
      40.   [Use this provision  only when appropriate.]   Subject to
 the Reservation of Rights  in Section IX of this Agreement, upon
 payment of the amount  specified in Section IV (Payment)  [or upon
 satisfactory completion  of work to be performed specified in
 Section 	 (Work  to be Performed)],  EPA agrees to remove any lien
 it may have  on the  Property under  Section 107(1) of CERCLA, 42
 U.S.C. S 9607(1), as a result  of response action conducted by EPA
 at.the Property.
                      XXII.  PUBLIC COMMENT
     41.  This Agreement, shall be  subject to a thirty-day public
comment period, after which EPA may modify or withdraw its
consent to this Agreement if comments received disclose facts or
considerations which indicate that this Agreement is
inappropriate, improper or inadequate.
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 IT IS  SO AGREED:




 UNITED STATES  ENVIRONMENTAL PROTECTION AGENCY




 BY:
Regional Administrator, Region 	               Date
IT IS SO AGREED:




BY:
  Name                                         Date
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