[Federal Register Volume 66, Number 222 (Friday, November 16, 2001)]
[Notices]
[Page 57776]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-28724]



[[Page 57776]]

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DEPARTMENT OF VETERANS AFFAIRS


Enhanced-Use Lease Transaction of Underutilized Property at the 
Department of Veterans Affairs Medical Center, North Chicago, IL

AGENCY: Department of Veterans Affairs.

ACTION: Notice of designation.

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SUMMARY: The Secretary of the Department of Veterans Affairs is 
designating the Veterans Affairs Medical Center at North Chicago, IL, 
for an Enhanced-Use lease development. The Department intends to enter 
into a long-term lease (up to 75 years) of underutilized real property 
under VA's control and jurisdiction with The Finch University of Health 
Sciences/The Chicago Medical School (CMS), an educational institution 
affiliate of the VA Medical Center. Under the proposal, CMS would use 
the out-leased real property for future expansion of their existing 
facilities as well as development of new facilities. In return for this 
Enhanced-Use lease, CMS will provide ``fair consideration'' including 
the purchase energy products from an energy center being developed on 
the North Chicago VA Medical Center campus.

FOR FURTHER INFORMATION CONTACT: Ed Bradley, Office of Asset Enterprise 
Management (004B), Department of Veterans Affairs, 810 Vermont Avenue, 
NW., Washington, DC 20420, (202) 273-9702.

SUPPLEMENTARY INFORMATION: 38 U.S.C. 8161 et seq., specifically 
provides that the Secretary may enter into an Enhanced-Use lease, if he 
determines that at least part of the use of the property under the 
lease will be to provide appropriate space for an activity contributing 
to the mission of VA; the lease will not be inconsistent with and will 
not adversely affect the mission of VA; and the lease will enhance the 
property or result in improved services to veterans. This project meets 
these requirements.

    Dated: October 5, 2001.
Anthony J. Principi,
Secretary of Veterans Affairs.
[FR Doc. 01-28724 Filed 11-15-01; 8:45 am]
BILLING CODE 8320-01-P