MADISON, Wis. -

Tentative settlements of environmental safeguards and compensation have been reached for homeowners near Madison Kipp Corporation on Madison’s near east side in lawsuits alleging property damage, according to a release.

If the settlements are approved by the courts, area residents will be provided significant environmental safeguards and a combined total of $7.2 million in compensation for the damages alleged in the cases, according to the release.

People who live on Marquette Street filed the suit back in October 2011 and it grew to a class action because of concerns about possible soil and water contamination from PCEs at Kipp, a factory that makes car parts.

PCEs are possible carcinogenic chemicals that were used at Kipp until 1989.

The DNR installed mitigation systems in some homes but lawyers in the suit claimed the damage was already done.