Notice of Lodging of Stipulation Pursuant to the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended

DEPARTMENT OF JUSTICE

Notice of Lodging of Stipulation Pursuant to the Comprehensive

Environmental Response Compensation and Liability Act of 1980, as

amended

Notice is hereby given that a proposed Stipulation in the

bankruptcy proceeding entitled In re Crafts Precision Industries, Inc.,

Chapter 11 Cash No. 95-14257 (JNF) (Bankr. D. Mass), was lodged on

January 31, 1997, with the United States Bankruptcy Court for the

District of Massachusetts. The proposed Stipulation resolves a Proof of

Claim filed by the United States in the bankruptcy proceeding, on

behalf of the Environmental Protection Agency. The Proof of Claim was

passed on an obligation of Crafts Precision Industries, Inc.

(``Crafts'') pursuant to a consent decree, entered by the United States

District Court for the District of New Hampshire on December 8, 1994,

in United States v. OK Tool Co., Inc., No. 94-517(b) (D.N.H.). The

consent decree related to Craft's liability, under the Comprehensive

Environmental Response, Compensation, and Liability Act, 42 U.S.C. 9601

et seq., in connection with the Savage Municipal Well Superfund Site in

Milford, New Hampshire. The Stipulation provides

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that EPA's claim will be an allowed general unsecured claim in the

amount of $1,306,500. The dividend on this unsecured claim will be paid

according to the plan of reorganization that has been approved in the

bankruptcy proceeding.

The Department of Justice will receive, for a period of thirty (30)

days from the date of this publication, comments relating to the

proposed Stipulation. Any comments should be addressed to the Assistant

Attorney General for the Environment and Natural Resources Division,

Department of Justice, 950 Pennsylvania Avenue, Washington, D.C. 20530-

0001, and should refer to In re Crafts Precision Industries, Inc.,

Chapter 11 Case No. 95-14257 (JNF) (Bankr. D. Mass.) (DOJ Ref # 90-11-

3-970B).

The proposed Stipulation may be examined at EPA Region 1, One

Congress Street, Boston Massachusetts (contact Rona Gregory, 617-565-

3051); and the Consent Decree Library, 1120 G Street, NW., 4th Floor,

Washington, DC 20005, (202) 614-0892. A copy of the proposed

Stipulation may be obtained in person or by mail from the Consent

Decree Library, 1120 G Street, NW., 4th Floor, Washington, DC 20005. In

requesting a copy, please refer to the referenced case and enclose a

check in the amount of $2.50 (25 cents per page reproduction costs),

payable to the Consent Decree Library.

Joel M. Gross,

Section Chief, Environmental Enforcement Section, Environment and

Natural Resources Division.

[FR Doc. 97-4833 Filed 2-26-97; 8:45 am]

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