[Federal Register Volume 59, Number 235 (Thursday, December 8, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-30135]


[[Page Unknown]]

[Federal Register: December 8, 1994]


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RESOLUTION TRUST CORPORATION

 

Coastal Barrier Improvement Act; Property Availability; Grand 
Beach, Galveston County, TX

AGENCY: Resolution Trust Corporation.

ACTION: Notice.

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SUMMARY: Notice is hereby given that the property known as Grand Beach, 
located in the City of Galveston, Galveston County, Texas, 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 this property may be mailed or faxed 
to the RTC until March 8, 1994.

ADDRESSES: Copies of detailed descriptions of this property, including 
maps, can be obtained from or are available for inspection by 
contacting the following person: Mr. Steven Reid, Resolution Trust 
Corporation, Dallas Field Office, 3500 Maple Avenue, Reverchon Plaza, 
Suite 300, Dallas, TX 75219-3935, (214) 443-4738; Fax (214) 443-6574.

SUPPLEMENTARY INFORMATION: The Grand Beach property is located on the 
eastern end of Galveston Island, within the City of Galveston, Texas. 
The site consists of approximately 61.6 acres of undeveloped land 
comprised of four tracts. The tracts are separated by Apffel Park 
Boulevard and East Beach Drive. The Grand Beach property is located 
within a coastal zone and has recreational value. The site contains an 
undeveloped floodplain and wetlands. The property is also adjacent to a 
public beach managed by the City of Galveston for recreational 
purposes. This property is covered property within the meaning of 
Section 10 of the Coastal Barrier Improvement Act of 1990, P.L. 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 this property must be received on or 
before March 8, 1994. By the Resolution Trust Corporation at the 
appropriate 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 the Coastal Barrier Improvement Act of 1990, P.L. 101-591, 
section 10(b)(2), (12 U.S.C. 1441a-3(b)(2)), including, for qualified 
organizations, a determination letter from the United States Internal 
Revenue Service regarding the organization's status under section 
501(c)(3) of the U.S. 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, method of 
financing, expected closing date, etc.).
    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 (12 U.S.C. 1441a-
3(b)(4)), 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: December 2, 1994.

Resolution Trust Corporation.
William J. Tricarico,
Assistant Secretary.
[FR Doc. 94-30135 Filed 12-7-94; 8:45 am]
BILLING 6714-01-M