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MIDWEST PORTLAND CEMEMT PROSPECTIVE PURCHASER AGREEMENT (CERCLA)

Administrative - Formal · FY2002 · — · — · 84747

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Penalty
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Cost recovery
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Compliance action

Case

Case Number
05-2002-0326
Type
Administrative - Formal
Lead
EPA
Outcome
—
Multimedia
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Self-disclosure
N

Defendants (1)

Summary

'This is a Prospective Purchaser Agreement. Midwest Portland Cement is being liquidated under Chapter 7 of the Bankruptcy Code. The Site is being auctioned off in a judicial sale in order to satisfy creditors'' claims, including EPA''s administrative expense priority claim of $415,285. The purchaser is unknown at this point. The U.S. will approve and sign the PPA and provide it to the bankruptcy trustee, who will present it during the auction. The winning bidder will provide its identifying information in an exhibit to the PPA and sign the signature page on the date of the closing of the sale. The purchaser must then pay $350,000 to EPA within 30 days of executing the PPA.

Source

Authoritative
EPA ECHO
Machine
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