THE VELSICOL SITE IS A FORMER CHEMICAL MANUFACTURING FACI- LITY THAT HAS BEEN OWNED AND OPERATED BY VELSICOL CHEMICAL CORPORATION FROM THE 1930'S TO PRESENT. THE ILLINOIS EPA, PURSUANT TO A COOPERATIVE AGREEMENT WITH THE U.S. EPA, COMPLETED A REMEDIAL INVESTIGATION/FEASIBILITY STUDY IN FEBRUARY, 1988 AND THE TWO AGENCIES JOINTLY ISSUED A ROD FOR THE SITE ON SEPTEMBER 30, 1988. THE ROD CALLS FOR EXCAVA- TION OF CONTAMINATED SOILS AND SEDIMENTS FROM THE PLANT PRODUCTION AREA, AND A CREEK RUNNING THROUGH THE PROPERTY; CONSOLIDATION AND IN-PLACE STABILIZATION OF THE WASTES IN AN EXISTING HAZARDOUS WASTE LANDFILL ON-SITE; PLACING A RE- SOURCE CONSERVATION AND RECOVERY ACT MULTIMEDIA CAP OVER THE LANDFILL CONTENTS; AND REMEDIATING CONTAMINATED GROUND WATER THE ESTIMATED CLEANUP COST IN THE ROD IS $9.1 MILLION. ON JULY 15, 1988, THE U.S. EPA ISSUED A SPECIAL NOTICE PURSUANT TO SECTION 122(E) OF CERCLA. ON DECEMBER 29, 1988 VELSICOL CHEMICAL CORPORATION SIGNED THE CONSENT DECREE TO PERFORM THE REMEDIAL ACTION DESCRIBED IN THE ROD.