The Arcadia Redevelopment Agency won a $495,000 settlement for removing toxic waste from 1.6 acres of downtown Arcadia land it bought from Clifford C. Bong and Co. last year. The agency sued Bong in April of 1988 to recover the money it spent to dispose of soil contaminated with high levels of lead, cadmium and hydrocarbon wastes. The agreement was reached two days before the June 27 trial was to begin.

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