[Federal Register Volume 59, Number 12 (Wednesday, January 19, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1202]


[[Page Unknown]]

[Federal Register: January 19, 1994]


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RESOLUTION TRUST CORPORATION
 

Coastal Barrier Improvement Act; Property Availability

AGENCY: Resolution Trust Corporation.

ACTION: Notice.

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SUMMARY: Notice is hereby given that the property known as Highland 
Acres, located in Passaic County, New Jersey is affected by Section 10 
of the Coastal Barrier Improvement Act of 1990 as specified below.

DATES: Written notices of serious interest to purchase or effect other 
transfer of all or any portion of the property may be mailed or faxed 
to the RTC until April 19, 1994.

ADDRESSES: Copies of detailed descriptions of the property, including 
maps, can be obtained from or are available for inspection by 
contacting the following person:

Mr. Greg Zahm, Resolution Trust Corporation, Valley Forge Field 
Office, Post Office Box 1500, Valley Forge, PA 19482-1500, (215) 
631-3505; FAX (215) 631-3703.

SUPPLEMENTARY INFORMATION: The Highland Acres property is located at 
1735 Union Valley Road, West Milford, New Jersey. The property is 
undeveloped and consists of approximately 211.2 acres of woodland and 
farmland. The site is bisected by Union Valley Road. The Highland Acres 
property is bounded on the southeast by Belcher Creek and the site 
contains wetlands, undeveloped floodplains, and is located within the 
boundary of a sole source aquifer. The property adjoins land managed by 
the City of Newark for watershed conservation purposes and Camp Hope, a 
Passaic County managed facility on the northeast. The property is 
covered property within the meaning of Section 10 of the Coastal 
Barrier Improvement Act of 1990, Public Law 101-591 (12 U.S.C. 1441a-
3).
    Written notice of serious interest in the purchase or other 
transfer of all or any portion of the property must be received on or 
before April 19, 1994 by the Resolution Trust Corporation at the 
address stated above.
    Those entities eligible to submit written notices of serious 
interest are:

    1. Agencies or entities of the Federal government;
    2. Agencies or entities of State or local government; and
    3. ``Qualified organizations'' pursuant to section 170(h)(3) of 
the Internal Revenue Code of 1986 (26 U.S.C. 170(h)(3)).

    Written notices of serious interest must be submitted in the 
following form:

Notice of Serious Interest

RE: [insert name of property]

Federal Register Publication Date: ________

[insert Federal Register publication date]

    1. Entity name.
    2. Declaration of eligibility to submit Notice under criteria 
set forth in Coastal Barrier Improvement Act of 1990, Public Law 
101-591, section 10(b)(2), (12 U.S.C. 1441a-3(b)(2)), including, for 
qualified organizations, a determination letter from the Internal 
Revenue Service regarding the organization's status under section 
501(c)(3) of the Internal Revenue Code (26 U.S.C. 170(h)(3)).
    3. Brief description of proposed terms of purchase or other 
offer for all or any portion of the property (e.g., price and method 
of financing).
    4. Declaration of entity that it intends to use the property for 
wildlife refuge, sanctuary, open space, recreational, historical, 
cultural, or natural resource conservation purposes as provided in a 
clear written description of the purpose(s) to which the property 
will be put and the location and acreage of the area covered by each 
purpose(s) including a declaration of entity that it will accept the 
placement, by the RTC, of an easement or deed restriction on the 
property consistent with its intended conservation use(s) as stated 
in its notice of serious interest.
    5. Authorized Representative (Name/Address/Telephone/Fax).

    List of Subjects: Environmental protection.

    Dated: January 12, 1994.

    Resolution Trust Corporation.
William J. Tricarico,
Assistant Secretary.
[FR Doc. 94-1202 Filed 1-18-94; 8:45 am]
BILLING CODE 6714-01-M