[Federal Register Volume 60, Number 197 (Thursday, October 12, 1995)]
[Notices]
[Pages 53201-53202]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-25282]
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DEPARTMENT OF JUSTICE
Notice of Lodging of Settlement Agreement Pursuant to the
Comprehensive Environmental Response, Compensation and Liability Act of
1980
In accordance with Departmental policy, notice is hereby given that
a proposed Settlement Agreement in In re: Servam Corporation, et al.,
Case No. 92-53469 (Bankr. Ct. D. Conn.), was lodged on October 2, 1995
with the United States Bankruptcy Court for the District of
Connecticut. This proposed Settlement Agreement will, if entered,
settle a proof of claim filed against Service America Corporation
(``SAC'') and The Macke Company (``Macke'') (collectively ``Debtors''),
debtors in the above proceeding, by the United States on behalf of the
Environmental Protection Agency (``EPA''), pursuant to Section 107 of
the Comprehensive Environmental Response, Compensation and Liability
Act of 1980, as amended (``CERCLA''), 42 U.S.C. Sec. 9607, in
connection with the Old City of York Landfill, York County, Springfield
Township, Pennsylvania and the Elizabethtown Landfill, Lancaster
County, West Donegal Township, Pennsylvania.
The proposed Settlement Agreement provides for an allowed claim by
the United States, a general unsecured creditor, in the amount of $6.3
million against Debtors. Pursuant to the Debtors' Plan of
Reorganization this claim will be paid at the estimated rate of 7.431
cents on the dollar in cash plus 4.8 cents on the dollar in common
stock. Waste Management, Inc., another potentially responsible party
(``PRP'') under CERCLA at both the Sites, is performing the response
activities at both Sites. The Debtors are required to pay 80% of the
cash amount to the United States within 30 days after the entry of the
Settlement Agreement by the U.S. Bankruptcy Court for the District of
Connecticut, Bridgeport Division. The Debtors are
[[Page 53202]]
required to pay 20% of the cash amount and 100% of the common stock to
Waste Management, Inc. within 30 days after the entry of the Settlement
Agreement.
The Department of Justice will receive, for a period of thirty (30)
days from the date of this publication, comments relating to the
proposed Settlement Agreement. Comments should be addressed to the
Assistant Attorney General for the Environment and Natural Resources
Division, Department of Justice, Washington, DC 20530, and should refer
to DOJ Ref. #90-11-2-878.
The proposed Settlement Agreement may be examined at the Office of
the United States Attorney for the District of Connecticut, 915
Lafayette Boulevard, Bridgeport, Connecticut 06604; the Region III
Office of the Environmental Protection Agency, 841 Chestnut Building,
Philadelphia, Pennsylvania 19107; and at the Consent Decree Library,
1120 G Street, NW., 4th Floor, Washington, DC 20005, 202-624-0892. A
copy of the proposed Settlement Agreement may be obtained in person or
by mail from the Consent Decree Library, 1120 G Street, NW., 4th Floor,
Washington, DC 20005. In requesting a copy, please refer to the
referenced case and enclose a check in the amount of $3.50 (25 cents
per page reproduction costs), payable to the Consent Decree Library.
Bruce S. Gelber,
Acting Chief, Environmental Enforcement Section, Environment and
Natural Resources Division.
[FR Doc. 95-25282 Filed 10-11-95; 8:45 am]
BILLING CODE 4410-01-M
