3/31/16 - COST RECOVERY AGREEMENT. RESPONDENTS: JAMES R. FORSHAW AND WOOD PROTECTION PRODUCTS, LLC.
PAYMENT OF RESPONSE COSTS:
SETTLING PARTIES SHALL PAY TO EPA $10,000 WITHIN 60 DAYS AND $100,000 PURSUANT TO PARAGRAPH 16.
PARAGRAPH 16: PAYMENT OF NET PROCEEDS OF SALE OF PROPERTIES - THE SETTLEMENT PROCEEDS WILL BE DERIVED FROM WHICHEVER OF THE PROPERTIES IS SOLD FIRST. MR. FORSHAW SHALL PAY TO THE U.S. 33% OF THE NET SALES PROCEEDS OF SALE OR $100,000, OR WHICHEVER IS MORE. SALE MUST BE COMPLETED WITHIN 3 YEARS.