[Federal Register Volume 76, Number 103 (Friday, May 27, 2011)]
[Notices]
[Pages 31008-31009]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-13092]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[Docket No. FD 35507]


North Central Iowa Rail Corridor, LLC--Acquisition Exemption--
Union Pacific Railroad Company

    North Central Iowa Rail Corridor, LLC (NCIRC), a noncarrier, has 
filed a verified notice of exemption under 49

[[Page 31009]]

CFR 1150.31 to acquire approximately 27.83 miles of rail line owned by 
Union Pacific Railroad Company (UP), referred to as the Forest City 
Line. The Forest City Line extends between milepost 48.12 at Belmond, 
Iowa, and milepost 79.95 at Forest City, Iowa, and includes 600 feet of 
connecting track at Garner, Iowa, in Hancock, Winnebago, and Wright 
Counties, Iowa.
    This transaction is related to 2 other filed verified notices of 
exemption, filed in: (1) Docket No. FD 35508, Iowa Northern Railway 
Company--Operation Exemption--North Central Iowa Rail Corridor, LLC, in 
which Iowa Northern Railway Company (IANR) seeks to operate the Forest 
City Line in accordance with a rail service and lease agreement with 
NCIRC; and (2) Docket No. FD 35511, Iowa Northern Railway Company--
Trackage Rights Exemption--Dakota, Minnesota & Eastern Railroad 
Corporation d/b/a Canadian Pacific, in which IANR seeks authority to 
exercise certain specified overhead trackage rights from Dakota, 
Minnesota & Eastern Railroad Corporation d/b/a Canadian Pacific.
    The transaction is expected to be consummated on or after June 10, 
2011, which will be after the June 9, 2011 effective date of the 
exemption (30 days after the exemption was filed).
    NCIRC certifies that its projected annual revenues as a result of 
this transaction will not exceed those that would qualify it as a Class 
III rail carrier and further certifies that its projected annual 
revenue will not exceed $5 million.
    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 effectiveness of the 
exemption. Petitions to stay must be filed no later than June 2, 2011 
(at least 7 days before the exemption becomes effective).
    An original and 10 copies of all pleadings, referring to Docket No. 
FD 35507, must be filed with the Surface Transportation Board, 395 E 
Street, SW., Washington, DC 20423-0001. In addition, a copy of each 
pleading must be served on T. Scott Bannister, Iowa Northern Railway 
Company, 305 Second Street, SE., Suite 400, Cedar Rapids, IA 52401.
    Board decisions and notices are available on our Web site at http://www.stb.dot.gov.

    Decided: May 23, 2011.

    By the Board, Rachel D. Campbell, Director, Office of 
Proceedings.
Andrea Pope-Matheson,
Clearance Clerk.
[FR Doc. 2011-13092 Filed 5-26-11; 8:45 am]
BILLING CODE 4915-01-P