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HomeMy WebLinkAbout1999-03-10 99-127 ORDERCOUNCIL ACTION Item No. 99-127 Date March 10, 1999 Item/Subject Authorizing the City Manager to Execute Settlement Documents -- Portland -Bangor Waste 011 Company, Wells, Maine Site Responsible Department: Legal This Order would approve the execution of settlement documents for the Portland -Bangor Waste Oil Company, Wells, Maine Site. They include a. Consent Decree which provides, among other things, for a release of liability and aant not to sue. Also included is a Site Responsibility and Indemnity Agreement which provides that environmental compliance liability for the site will be transferred to TRC and that INC will indemnify the City against possible future environmental costs and claims (other than bodily injury) of third parties. The final document is an Escrow Agreement set up to collect PRP settlement payments. rxi Department Head Manager's Comments:��,„^,`„n �6NL1NA ng City Monger Associated Information: o„jiq, kCity SohciCOY Passage First Reading Referral Page of X'/1 a N`1 Drector Pinance� Legal Approval: kCity SohciCOY Passage First Reading Referral Page of 99-12) Amtred to Coundoe Blanchette Horeb 10. 1999 v5 _ CITY OF BANGOR Authorizing City Manager to Execute Settlement (TITLE,) wr1 Documents -- Portland -Bangor Waste oil company, Wells, Maine site 89014 City Coeeeil Ofweft ofBam or. OBDIRMs TEAT the City Manager is hereby authorized, on behalf of the City of Bangor, to execute settlement documents for the Portland -Bangor Waste Oil Company, Wells Maine Site, consisting of a Consent Decree, escrow Agreement, and Site Responsibility and Indemnity Agreement, in substantially the same forme as are on file in the Office of the City Clerk. IN CITY WMCIL March 10. 1999 99-121 Notioa for Passage Made O R D E R and Seconded Paeaed Title, Authorizing City Manager to Execute Settlement DocuoeuCe - Portland-Bangor NdeCe Ofl Ce�any. Nelle. Noire SiCe ........... . CITY . .......J.... -. ..1./. �.......�..%.......... - Awigned to . ......o P....mncf......... laan C