Laserfiche WebLink
<br /> . I . \ <br /> Cv' v\~ <br /> POPHA~l H AI K C vI). ~ <br /> f fr 7/;r{ <br /> SCHN08R1CH a. KAYFMAN. I.TD. <br /> . <br /> u,s. O~"'ce:s SUITE 3300 lJ"Tt:.......,-:__.... 0::II':E5 <br /> o I"',,!!,," , Co\..o..oo 222 SOUT.... NINTM STREET t..e:.-'t:C Ge::.........' <br /> T..... 303-89.3- 1200 MINNEAPOLIS. MI...NESOTl\55402 TI~O II .g.)4 I "491 e"2~ <br /> ""'I...... "1,;.0"10.. TEL- 6 t 2-333-4800 s..j....-:.... ~ft.........,.. <br /> TaL. 305-530-0050 FA' 612,334-8888 1'(... Ot 1.91."'1:.2.2.353 <br /> W"SNIN-G'I"O"". O.C <br /> TEL. 202--8e2-8700 <br /> MEMORANDUM <br /> TO: Oak Grove Trust Members <br /> FROM: Gary P. Gengel, Common Counsel <br /> DATE: March 22, 1994 <br /> RE: Status Report <br /> - <br /> ." .. <br /> At most Superfund sites, when the remedy is complete the number of issues and time <br /> . required to manage the site decreases significantly. UnfortUnately, the Oak Grove Site is not <br /> following the usual pattern, and therefore there are a significant number of issues to report on. - <br /> 1. TRUSTEES' REPORT <br /> Pursuant to Section 5.04 of the Trust Agreement, enclosed as Exhibit A is a copy of <br /> the Trustees' Semi-Annual Report for the period ending December 31, 1993. In summary, <br /> during the reporting period there were no collections from Settlors, however, the Insilco stock <br /> was liquidated for a total value of $7,759.50. Disbursements during the period were r <br /> $1,536,683.84, with the bulk of the disbursements going to engineering and construction of <br /> the remedy. The market value of the Trust on December 31, 1993 was $2,904,694.00. Total <br /> receipts since formation of a Trust are $6,460,061.00, and total disbursements are <br /> $3,851,390.00. The investment management return for the 4th quarter of 1993 was 2.51%. <br /> which on an annualized basis represents a 10.53% return. <br /> II. MOTION TO ENTER CONSENT DECREE. <br /> After extended delay, the United States fmally flled the Motion to Enter the Consent <br /> Decree on March 10. 1994. Enclosed as Exhibit B is a copy of the United States' <br /> Memorandum in Support Of Motion To Enter Consent Decree which was lodged on <br /> September 29, 1993. On March 16, 1994, Common Counsel flled Oak Grove Sanitary <br /> . 35002040059 3/2VJ4 <br />