PPA WITH PROSPECTIVE LESSEES BUILDING MATERIALS CORP. OF AMERICA AND GAF KALAMAZOO ACQUISITION CORP., IN WHICH THE SETTLING PARTIES WILL CONDUCT RESPONSE ACTIVITIES WORTH APPR OXIMATELY $136,000 IN EXCHANGE FOR A COVENANT NOT TO SUE UNDER SECTIONS 106 AND 107 OF CERCLA AND SECTION 7003 OF RCR A FROM BOTH THE US AND THE MICHIGAN DEPT OF ENVIRONMENTAL QUALITY. IN ADDITION, THE DOI HAS COVENANTED NOT TO SUE FOR NATURAL RESOURCE DAMAGES. THE SETTLING PARTIES INTENS TO LEASE 2 MILLS AT THE ALLIED PAPER/PORTAGE CREEK/ KALAMAZOO RIVER SUPERFUND SITE, AND IMMEDIATELY EMPLOY BETWEEN 35 AND 55 PEOPLE IN THIS BROWNFIELDS AREA. ADDITIONALLY, THE COMPANIES WILL INVEST SEVERAL MILLION DOLLARS IN IMPROVEMENTS AT THE MILLS.