10/10/02 - DE MINIMIS AOC ISSUED. NAMCO METALS, INC. D/B/A COASTAL METALS IS THE ONLY RESPONDENT. ORDER CALLS FOR RESPONDENT TO PAY A TOTAL OF $42,981.60 ON A MONTHLY BASIS OVER TWO YEARS (24 PAYMENTS):
$12,464.66 TO THE EPA HAZARDOUS SUBSTANCE SUPERFUND IN 24 PAYMENTS IN THE AMOUNT OF $519.36, WITH THE FIRST PAYMENT TO BE MADE WITHIN 30 DAYS OF ENTRY OF THE CONSENT ORDER. THE AMOUNT OF $12,464.66 INCLUDES PAYMENTS OF INTEREST AT 7 PERCENT. EPA SHALL DEPOSIT THE MONEY PAID PURSUANT TO THIS CONSENT ORDER INTO THE EPA HAZARDOUS SUBSTANCE SUPERFUND, ILCO SITE SPECIAL ACCOUNT. RESPONDENT'S PAYMENT INCLUDES AN AMOUNT FOR (A) PAST RESPONSE COSTS; (B) PROJECTED FUTURE RESPONSE COSTS TO BE INCURRED AT OR IN CONNECT WITH THE ILCO FACILITY AND/OR THE SATELLITE SITES; AND (C) A PREMIUM TO COVER THE RISKS AND UNCERTAINTIES ASSOCIATED WITH THIS SETTLEMENT, INCLUDING BUT NOT LIMITED TO, THE RISK THAT TOTAL RESPONSE COSTS INCURRED OR TO BE INCURRED AT OR IN CONNECTION WITH THE SITE BY THE EPA HAZARDOUS SUBSTANCE SUPERFUND, OR BY ANY PRIVATE PARTY, WILL EXCEED THE EXCEED THE ESTIMATED TOTAL RESPONSE COSTS UPON WHICH RESPONDENT'S PAYMENT IS BASED.
$30,516.94 TO THE ILCO GROUP IN REIMBURSEMENT OF ITS RESPONSE COSTS, IN 24 MONTHLY PAYMENTS IN THE AMOUNT OF $1,271.54, WITH THE FIRST PAYMENT TO BE MADE WITHIN 30 DAYS OF ENTRY.