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seq. Among other things, these provisions authorize the REDEVELOPMENT AGENCY to
<br /> undertake actions it determines necessary, consistent with state and federal laws, to investigate or
<br /> conduct feasibility studies on or under property located within a redevelopment area, and to
<br /> remedy or remove a release of hazardous substances as defined in H&SC section 33459,
<br /> Subsection (c), on, under, or from a property located within a redevelopment project area,
<br /> whether the REDEVELOPMENT AGENCY owns the property or not. This Agreement shall not
<br /> be construed in any manner as an admission by the REDEVELOPMENT AGENCY of any fact
<br /> or liability of any kind, nor shall this Oversight Agreement be considered or interpreted as an
<br /> admission or an assumption by the REDEVELOPMENT AGENCY of any liability or
<br /> acknowledgment of liability or responsibility for the investigation or assessment of, response or
<br /> remediation to any environmental condition on the Site or the costs of such activities, except
<br /> oversight costs, for which the REDEVELOPMENT AGENCY is not otherwise liable or
<br /> responsible.
<br /> 1.4 PpMose. The purpose of this Agreement is for the REDEVELOPMENT
<br /> AGENCY, through its employees, agents and assigns, to prepare site investigation documents
<br /> and remedial planning and implementation documents, and to implement a cleanup or remedial
<br /> action plan, as approved by the WATER BOARD, to remedy releases of hazardous substances
<br /> and waste as defined in Section 13050 of the California Water Code. at the Site, including, but
<br /> not limited to, releases from any leaking underground storage tanks and/or related releases, and
<br /> all adja^e��soff site areas that rna�-Beare impacted by releases of hazardous substances and
<br /> waste as defined in Section 13050 of the California Water Code, including, but not limited to,
<br /> releases from leaking underground storage tanks on the Site. This Agreement is also to provide
<br /> for (1) WATER BOARD's review of site investigation documents and remedial planning and
<br /> implementation documents submitted by the REDEVELOPMENT AGENCY, though its
<br /> employees, agents and assigns, and WATER BOARD's oversight of field activities, and (2)
<br /> WATER BOARD to obtain reimbursement from the REDEVELOPMENT AGENCY, through
<br /> its employees, agents and assigns, for costs incurred by WATER BOARD in providing
<br /> document review and oversight of REDEVELOPMENT AGENCY's actions.
<br /> II.
<br /> BACKGROUND
<br /> 2.1 Polanco Redevelopment Act Corrective Action:
<br /> The former owner, Morton Paint (Morton), operated a paint manufacturing, storage and
<br /> retail sale business at the Site from 1966 to 1983. The Morton address was 7 South Lincoln
<br /> Street, Stockton, California. The Morton property was transferred to the REDEVELOPMENT
<br /> AGENCY on September 17, 1981. In September 1981, the REDEVELOPMENT AGENCY
<br /> leased the property back to Morton until August 31, 1982. Alco Industries, Inc. acquired the
<br /> business entity known as Morton Paint, although not the Site, in October 1984. Alco is
<br /> successor-in-interest to Morton Paint. The REDEVELOPMENT AGENCY owns the Site.
<br /> In 1982, several buildings were present at the Site, including a warehouse (6,000 square
<br /> feet [sfj), retail store (6,000 sf), manufacturing building (4,000 sf), shed (2,666 sf), and
<br /> flammable storage building (225 sf). Morton used ten underground storage tanks (UST's), with
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