OCTOBER 19, 2022 - SETTLEMENT AGREEMENT
This Settlement Agreement concerns the L&R Oil Recovery Superfund Site ( Site ) located at 501 Ruth Street, Shelby, Cleveland County, North Carolina. EPA alleges that the Site is a facility as defined by Section 101(9) of CERCLA, 42 U.S.C. ? 9601(9).
In response to the release or threatened release of hazardous substances at or from the Site, EPA undertook response actions at the Site pursuant to Section 104 of CERCLA, 42 U.S.C. ? 9604.
In performing response action, EPA has incurred response costs at or in connection with the Site.
EPA alleges that Settling Party is a responsible party pursuant to Section 107(a) of CERCLA.
EPA and Settling Party recognize that this Settlement Agreement has been negotiated in good faith and that this Settlement Agreement is entered into without the admission or adjudication of any issue of fact or law. The actions undertaken by Settling Party in accordance with this Settlement Agreement do not constitute an admission of any liability by Settling Party. Settling Party does not admit, and retains the right to controvert in any subsequent proceedings other than proceedings to implement or enforce this Settlement Agreement, thevalidity of the facts or allegations contained in this Section.
This Settlement Agreement shall be binding upon EPA and upon Settling Party and its heirs, successors, and assigns. Any change in ownership or corporate or other legal status of Settling Party, includi