THE MUNICIPAL WELL FIELD HAS BEEN CONTAMINATED BY HAZARDOUS SUBSTANCES FROM 2 SOURCES: KIRSCH PLANT NO.1, A SUBSIDIARY OF COOPER INDUSTRIES, INC., AND THE STURGIS ARCHERY CENTER, OWNED BY RUDOLPH AND RUTH BOALS. REGION V IS IN THE PROCESS OF PREPARING A RECORD OF DECISION FOR THE SITE. (ROD) JUST PRIOR TO EXPIRATION OF 30 DAY PERIOD GIVEN TO THE PRP IN EPA'SDEMAND LETTER. COOPER INDICATED WILLINGNESS TO ENTER NEGOTATIONSREGARDING SETTLING EPA'S CLAIMS FOR PAST COSTS INCURRED THROUGH MARCH31, 1994. PRESENTLY, US EPA AND COOPER HAVE SIGNED A LETTER AGREEMENT MEMONALIZINGTHE PARTIES AGREEMENT IN PRINCIPLE. THE LETTER AGREEMENT IS DATED JUNE28, 1994. COOPER HAS ALSO SIGNED AN AGREEMENT REGARDING CONFIDENTIALITYOF BUSINESS INFORMATION. COOPER HAS AGREED IN PRINCIPLE TO PAY 100% OF US EPA'S PAS COSTS THROUGH3/31/94 FOR WHICH US EPA HAS COST DOCUMENTATION. COOPER WILL PAY ALLOVERSIGHT COSTS UP TO AND INCLUDING $100,000 DOLLARD. ANY FINALSETTLEMENT WILL BE MEMONIALIZED IN A CONSENT DECREE. COOPER WILL HAVE30 DAYS FROM DATE OF RECEIPT, TO REVIEW US EPA'S COST DOCUMENTATION,INTEREST-FREE.