THIS AGREEMENT AND COVENANT NOT TO SUE ( AGREEMENT ) IS MADE AND ENTERED INTO BY
AND BETWEEN THE UNITED STATES ON BEHALF OF THE UNITED STATES ENVIRONMENTAL PROTECTION AGENCY ( EPA ), THE CITY OF CHICAGO, AN ILLINOIS MUNICIPAL CORPORATION ( CITY ), AND THE CHICAGO PARK DISTRICT, AN ILLINOIS MUNICIPAL CORPORATION ( PARK DISTRICT AND TOGETHER WITH THE CITY, THE CITY PARTIES ).
THIS AGREEMENT IS ENTERED INTO PURSUANT TO THE COMPREHENSIVE ENVIRONMENTAL
RESPONSE, COMPENSATION, AND LIABILITY ACT OF 1980, AS AMENDED ( CERCLA ), 42 U.S.C. § 9601, ET SEQ. AND THE AUTHORITY OF THE ATTORNEY GENERAL OF THE UNITED STATES TO COMPROMISE AND SETTLE CLAIMS OF THE UNITED STATES.
THE CITY INTENDS TO TAKE OWNERSHIP OF APPROXIMATELY 24 ACRES OF LAND LOCATED AT 2800
SOUTH SACRAMENTO AVENUE IN CHICAGO, COOK COUNTY, ILLINOIS (THE PROPERTY ), COMMONLY REFERRED TO AS THE CELOTEX SITE (EPA ID NO. ILD051053692), AND THEREAFTER TRANSFER OR LEASE THE PROPERTY TO THE PARK DISTRICT. THE PROPERTY IS TO BE ACQUIRED BY THE CITY THROUGH A CONDEMNATION OR SALE IN LIEU OF CONDEMNATION. THE PROPERTY IS GENERALLY BOUNDED ON THE NORTH BY 27TH STREET; ON THE EAST BY SACRAMENTO AND WHIPPLE AVENUES; ON THE WEST BY ALBANY AVENUE AND ON THE SOUTH BY AN ADJACENT FACILITY OWNED BY THE CITY. THE PROPERTY IS MORE PRECISELY DESCRIBED IN EXHIBIT A (PROPERTY DESCRIPTION) TO THE DECLARATION OF RESTRICTIVE COVENANTS IN EXHIBIT 3, AND ITS LOCATION AND DETAIL ARE DEPICTED ON THE MAPS IN EXHIBITS 1 AND 2 (ON WHICH THE PRO