1031-B LAND CORPORATION WILL TAKE TITLE TO AND HOLD THE DEED TO THE CHEMICAL HANDLING CORPORATION PROPERTY, WHICH ENCOMPASSES APPROXIMATELY 3.28 ACRES. IT CONSISTS PRIMARILY OF TWO DETERIORATING, VACANT BUILDINGS AND ADJACENT VACANT LAND. THE REDEVELOPMENT OF THE PROPERTY WILL BE CONDUCTED BY THE BROOMFIELD INVESTMENT GROUP. IT WILL CONSIST OF RESTORATION OF THE EXISTING BUILDINGS AND CONSTRUCTION OF AN OFFICE/WAREHOUSE BUILDING ON THE PROPERTY. IN CONSIDERATION AND EXCHANGE FOR THE US COVENANT NOT TO SUE, RESPONDENTS AGREE TO PAY EPA THE SUM OF 5,000.