THIS IS A CASH OUT SETTLEMENT FOR PAST AND FUTURE RESPONSE COSTS INCURRED AND TO BE INCURRED AT THE KEM-PEST SITE. THE SITE IS A FORMER PESTICIDE FORMULATION PLANT OWNED AND OPER- ATED BY THE CHARLES KNOTE FAMILY, PERSONALLY AND THROUGH VARIOUS CORPORATE ENTITIES. THE PRPS ARE FINANCIALLY UNABLE TO REIMBURSE EPA FOR ITS RESPONSE COSTS WHICH ARE ESTIMATED AT $2.6 - 3.0 MILLION, INCLUDING FUTURE REMEDIAL COSTS. THE PRPS HAVE OFFERED TO PAY $455,000, WHICH IS BEING PAID PRIMARILY BY INSURANCE CARRIERS THAT ISSUED CGL POLICIES TO THE PRPS OVER A 15-YEAR PERIOD. THE INSURANCE COMPANIES ARE UNWILLING TO PAY MORE BECAUSE THE SITE IS LOCATED IN MO WHERE THE 8TH CIRCUIT HELD THAT RESPONSE COSTS ARE NOT DAMAGES WITHIN THE MEANING OF MOST CGL POLICIES. THUS IT IS THE REGION'S BELIEF THAT THIS IS THE ONLY SUBSTANTIAL AMOUNT OF COSTS THAT CAN BE RECOVERED.