[Federal Register Volume 70, Number 114 (Wednesday, June 15, 2005)]
[Notices]
[Page 34815]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-11733]



[[Page 34815]]

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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34689]


Florida Northern Railroad Company, Inc.--Lease Exemption--Line of 
CSX Transportation, Inc.

    Florida Northern Railroad Company, Inc. (FNOR), a Class III rail 
carrier, has filed a verified notice of exemption under 49 CFR 1150.41 
to lease and operate, pursuant to an agreement \1\ entered into with 
CSX Transportation, Inc. (CSXT), CSXT's line of railroad (the Newberry 
Line) extending from milepost AR 716.88 at High Springs, FL, through 
Newberry, FL, to milepost AR 777.76 at Dunnellon, FL, and from milepost 
ARD 777.36 at Dunnellon \2\ to milepost ARD 785.71 at Citronelle, FL. 
FNOR also will lease and operate a short segment of connecting CSXT 
track at Newberry, extending from milepost SN 717.22 to milepost SN 
718.73. The total distance of rail line to be leased and operated by 
FNOR is approximately 70.74 miles.
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    \1\ FNOR indicated that FNOR and CSXT expect to execute a Land 
and Track Lease Agreement shortly.
    \2\ Milepost AR 777.76 and milepost ARD 777.36 designate the 
same location at Dunnellon.
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    Based on projected revenues for the Newberry Line, FNOR expects to 
remain a Class III rail carrier after consummation of the proposed 
transaction. It certifies that the projected annual operating revenue 
of FNOR does not exceed $5 million.
    The transaction was scheduled to be consummated on or shortly after 
May 27, 2005, the effective date of the exemption (7 days after the 
exemption was filed).
    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. 34689, must be filed with the Surface Transportation 
Board, 1925 K Street, NW., Washington, DC 20423-0001. In addition, a 
copy of each pleading must be served on William C. Sippel, Fletcher & 
Sippel LLC, 29 North Wacker Drive, Suite 920, Chicago, IL 60606-2832.
    Board decisions and notices are available on our Web site at http://www.stb.dot.gov.

    Decided: June 7, 2005.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 05-11733 Filed 6-14-05; 8:45 am]
BILLING CODE 4915-01-P