[Federal Register Volume 63, Number 185 (Thursday, September 24, 1998)]
[Notices]
[Page 51116]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25334]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board
[STB Finance Docket No. 33649]


Ventura County Railroad Co.--Lease and Operation Exemption--
Ventura County Railway Co.

    Ventura County Railroad Company (VCRR), a noncarrier, has filed a 
verified notice of exemption under 49 CFR 1150.31 to lease from Ventura 
County Railway Company (VCRC) 1 and operate approximately 
12.09 miles of rail line. The rail lines to be leased include: the 
mainline from milepost 0.0 (the interchange with Union Pacific Railroad 
Company) to milepost 5.7 on the docks at Port Hueneme, and three 
branches: the 1.05-mile Diamond Branch; the 1.71-mile Edison Branch, 
and the 3.63-mile Patterson Branch in the Port of Hueneme and Oxnard, 
CA.2
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    \1\ VCRR and VCRC have entered into an agreement for VCRR to 
lease from VCRC the line and all improvements thereon, all rail 
ties, spikes, tie plates, rail anchors, bridges, culverts, signaling 
equipment, and other supporting structures, ballast, and track 
materials, while excluding some real property and a building, and 
the purchase of certain assets, all located in the Port of Hueneme, 
Oxnard, CA.
    \2\ VCRR states that its projected revenues will not exceed 
those that would qualify it as a Class III carrier.
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    The transaction was scheduled to be consummated on or shortly after 
September 1, 1998.
    The transaction is related to STB Finance Docket No. 33650, 
RailAmerica, Inc.--Continuance in Control Exemption--Ventura County 
Railroad Company, wherein RailAmerica, Inc., has concurrently filed a 
verified notice to continue in control of VCRR, upon its becoming a 
Class III rail carrier.
    If the verified notice contains false or misleading information, 
the exemption is void ab initio. Petitions to revoke the exemption 
under 49 U.S.C. 10502(d) may be filed at any time. The filing of a 
petition to revoke will not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 33649, must be filed with the Surface Transportation 
Board, Office of the Secretary, Case Control Unit, 1925 K Street, NW, 
Washington, DC 20423-0001. In addition, a copy of each pleading must be 
served on Gary Laakso, Esq., RailAmerica, Inc., 301 Yamato Road, Suite 
1190A, Boca Raton, FL 33431.
    Board decisions and notices are available on our website at 
``www.stb.dot.gov.''

    Decided: September 16, 1998.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 98-25334 Filed 9-23-98; 8:45 am]
BILLING CODE 4915-00-P