[Federal Register Volume 61, Number 61 (Thursday, March 28, 1996)]
[Notices]
[Page 13860]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-7487]



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FEDERAL DEPOSIT INSURANCE CORPORATION

Coastal Barrier Improvement Act; Property Availability: Malden 
Street Property, Worcester County, Massachusetts

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice.

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SUMMARY: Notice is hereby given that the property known as the Malden 
Street Property located off Malden Street in the Town of West Boylston, 
Worcester County, Massachusetts, is 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 the property may be mailed or faxed 
to the FDIC until June 26, 1996.

ADDRESSES: Copies of detailed descriptions of the property, including 
maps, may be obtained from or are available for inspection by 
contacting the following person: Ms. Mary Ann Richardson, Federal 
Deposit Insurance Corporation, Franklin Consolidated Office, 124 Grove 
Street, Franklin, MA 02038, (508) 520-6186; Fax (508) 520-2688.

SUPPLEMENTARY INFORMATION: The Malden Street property consists of 
approximately 125 acres of undeveloped land with 50 feet of frontage on 
Malden Street, in the Town of West Boylston, Massachusetts, and a 
portion of the property is located in the Town of Holden, 
Massachusetts. The legal description of the property is shown at the 
Worcester District Registry of Deeds in Book 16653, Page 206 and 
further defined in a recorded plan identified in the West Boylston 
Assessor's Office as Map 135, Parcels 1, 2, 4, & 5, and Map 136, 
Parcels 13-33, and in the Holden Assessor's Office as Map 93, Parcels 1 
& 3. The property is irregular in shape, wooded, and contains a 
substantial amount of rock ledge associated with surface boulders and 
soil types that exhibit a high water table and slow percolation rates. 
The Malden Street property has recreational value and is contiguous 
with lands managed by the Commonwealth of Massachusetts Metropolitan 
District Commission for watershed and natural resource conservation 
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 the property must be received on or 
before June 26, 1996; by the FDIC at the appropriate address stated 
above.

Eligible Entities

    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)).

Form of Notice

    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 
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 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 FDIC, 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: March 21, 1996.

Federal Deposit Insurance Corporation.
Jerry L. Langley,
Executive Secretary.
[FR Doc. 96-7487 Filed 3-27-96; 8:45 am]
BILLING CODE 6714-01-M