The City of New Bedford has reached settlements with two companies responsible for the contamination of two properties.

Under the settlements, AVX Corporation will pay the City $6.5 million with Cornell-Dubilier Electronics shelling out $2 million for claims relating to the North Terminal Rail Yard and the Parker Street Waste Site.

City Solicitor Mikaela McDermott says the settlement is the largest of it's kind in the City's history. "We think we did well. It doesn't cover all of the remediation costs for either place. But we're pleased with the outcome," said McDermott.

The money will be used to offset the City's out-of-pocket costs pertaining to remediation, debt reduction, and litigation at those sites.

The City continues to pursue settlements with the Tutor Perini Corporation, Goodyear Tire and Rubber Company, NStar Gas and Electric, and ABC Disposal Services in relation to the contamination and clean-up of the Parker Street Waste Site.