SETTLING DEFENDANTS OWNED AND/OR OPEATED A DRY CLEANER AT THE SITE FROM APPROXIMATELY 1957 THROUGH 2003. THE DRY-CLEANING OPERATIONS UTILIZED HAZARDOUS SUBSTANCES, INCLUDING PCE, TCE AND DCE, WHICH CONTAIMINATED THE SOIL AND GROUNDWATER AT THE SITE PROPERTY. UNDER THE TERMS OF THE SETTLEMENT, SETTLING DEFENDANTS HAVE AGREED TO PAY EPA 100% OF THE NET PROCEEDS OF THE SALE OF THE SITE PROPERTY AND 50% OF THE NET SALE PROCEEDS OF AN ADJOINING TRACT OF LAND, TO THE UNITED STATES' CLAIMS UNDER SECTIONS 104(e)(2) AND 107(a). EPA ESTIMATES THE VALUE OF THE SETTLEMENT AT $247,000.