[Federal Register Volume 72, Number 44 (Wednesday, March 7, 2007)]
[Notices]
[Pages 10305-10306]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-4015]


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DEPARTMENT OF VETERANS AFFAIRS


Enhanced-Use Lease Development of Property at the Department of 
Veterans Affairs Medical Center in Dayton, OH

AGENCY: Department of Veterans Affairs.

ACTION: Notice of intent to enter into an enhanced-use lease.

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SUMMARY: The Secretary of the Department of Veterans Affairs (VA) 
intends to enter into an enhanced-use lease of approximately 0.6 acres 
of land and an existing building (Building No. 402) at the VA Medical 
Center in Dayton, Ohio. The lease would have an initial term of 65 
years, and an option to extend such term for 10 additional years. In 
exchange for and as consideration under the lease, the selected lessee 
would be required to

[[Page 10306]]

develop, finance, renovate, construct, manage, maintain, and operate 
the building as a facility comprised of not less than 27 units, and 
provide transitional housing and supportive services to homeless 
individuals within the community. Such housing and supportive services 
would be provided by the lessee to veterans on a priority basis. As 
further consideration, VA would receive an annual rent of $5,000 
(subject to yearly increases per a HUD fair market rent escalator) plus 
additional in-kind consideration, such as case management and 
counseling services, from the lessee during the lease term.

FOR FURTHER INFORMATION CONTACT: William Sexton, Office of Asset 
Enterprise Management (004B), Department of Veterans Affairs, 810 
Vermont Avenue, NW., Washington, DC 20420, (202) 273-9470.

SUPPLEMENTARY INFORMATION: Title 38 U.S.C. 8161, et seq. states that 
the Secretary may enter into an enhanced-use lease if he determines 
that the implementation of a business plan proposed by the Under 
Secretary for Health for applying the consideration under such a lease 
to the provision of medical care and services would result in a 
demonstrable improvement of services to eligible veterans in the 
geographic service-delivery area within which the property is located. 
This project meets this requirement.

    Approved: February 27, 2007.
R. James Nicholson,
Secretary of Veterans Affairs.
[FR Doc. E7-4015 Filed 3-6-07; 8:45 am]
BILLING CODE 8320-01-P