[Federal Register Volume 60, Number 171 (Tuesday, September 5, 1995)]
[Notices]
[Pages 46137-46138]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-21864]
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RESOLUTION TRUST CORPORATION
Coastal Barrier Improvement Act; Property Availability; Clinton
Woods, Passaic County, NJ, Chapel Farms, Talbot County, MD
AGENCY: Resolution Trust Corporation.
ACTION: Notice.
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SUMMARY: Notice is hereby given that the properties known as Clinton
Woods, located in West Milford, Passaic County, New Jersey, and Chapel
Farms, located in Easton, Talbot County, Maryland, are affected by
Section 10 of the Coastal Barrier Improvement Act of 1990 as specified
below.
DATES: Written notice of serious interest to purchase or effect other
transfer of all or any portion of these properties may be mailed or
faxed to the RTC until December 4, 1995.
ADDRESSES: Copies of detailed descriptions of these properties,
including maps, can be obtained from or are available for inspection by
contacting the following person:
For the Clinton Woods property: Mr. Steve Kilduff, Resolution Trust
Corporation, c/o RPC-Mitchell/Titus, Inc., 440 East Sweedsford Road,
Suite 2000, Wayne, PA 19087, (610) 254-0400; Fax (610) 254-0363.
For the Chapel Farms property: Mr. Dan Hummer, Resolution Trust
Corporation, Atlanta Field Office, 245 Peachtree Center Avenue, NE,
Marquis One Tower, 10th Floor, Atlanta, GA 30303, (404) 230-6594; Fax
(404) 230-8159.
SUPPLEMENTARY INFORMATION: The Clinton Woods property is located in the
northern portion of Passaic County, approximately 2 miles northeast of
the Town of West Milford and is situated east of Brook Road, south of
Lookover Drive and Mount Laurel Lake. The site consists of
approximately 90.9 acres of undeveloped land and contains wetlands.
This property is adjacent to Wawayanda State Park and the Bearfort
Mountain Natural Area, both of which are managed by the State of New
Jersey for recreational and natural resource conservation purposes.
The Chapel Farms property is located in Easton, Maryland, and is
accessible via Chapel Farms Drive and Laurel Street to the north or
Plum Street to the west. The site has recreational value, contains
wetlands, and consists of approximately 58.46 acres of undeveloped land
with portions of the property being used for farming. This property is
adjacent to a State-owned railroad right-of-way to be leased by the
Town of Easton as a hiking and biking trail for recreational purposes.
These properties are 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 these properties must be received on
or before December 4, 1995. by the Resolution Trust Corporation at the
appropriate address stated above.
Those entitles 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;
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:
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[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
170(h)(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
[[Page 46138]]
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: August 29, 1995.
Resolution Trust Corporation.
William J. Tricarico,
Assistant Secretary.
[FR Doc. 95-21864 Filed 9-1-95; 8:45 am]
BILLING CODE 6714-01-M