SEPTEMBER 26, 2023 - ADMINISTRATIVE SETTLEMENT AGREEMENT FOR REMOVAL ACTION BY BONA FIDE PROSPECTIVE PURCHASER
According to the terms of a Stipulation and Settlement Agreement approved by the U.S. Bankruptcy Court for the Southern District of Mississippi on July 23, 2015, and the attendant Environmental Trust Agreement filed with the Court on August, 4, 2015, the Site is
held by the MPC Environmental Trust, which is administered by Trustee, Roberto Puga of PathForward Consulting, Inc.
In November of 2021, as part of its Remedial Investigation, EPA sampled surface and subsurface soils at the Property.
The November 2021 sampling at the Property revealed the widespread presence of arsenic and cadmium, both of which are hazardous substances, at levels exceeding EPA Regional Screening Level Maximum Contaminant Levels for Industrial Soil with a Target
Hazard Quotient of 0.1, in both surface and subsurface sampling, which could pose a human health risk to industrial workers, including construction workers.
The November 2021 sampling at the Property also revealed two locations where radiation in the form of Ra226 was present in the soil at levels more than five times background.
Long-standing industrial structures at the Property are deteriorating, risking new releases of any residual acids contained in corroding tanks and piping and releases of friable asbestos from insulating materials.
The Property is adjacent to Bayou Casotte on the Gulf of Mexico, which is su