[Federal Register Volume 84, Number 54 (Wednesday, March 20, 2019)]
[Notices]
[Page 10385]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-05271]


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SURFACE TRANSPORTATION BOARD

[Docket No. FD 36277]


Iowa Northern Railway Company--Lease Exemption With Interchange 
Commitment--Rail Line of Union Pacific Railroad Company

    Iowa Northern Railway Company (IANR), a Class III rail carrier, has 
filed a verified notice of exemption under 49 CFR 1150.41 to lease from 
Union Pacific Railroad Company (UP) and operate approximately 6.9 miles 
of rail line in Black Hawk County, Iowa, known as the Waterloo 
Industrial Line (the Line). The Line is located between milepost 325.1 
and milepost 332.0 and includes a rail yard located at approximately 
milepost 326.5 and certain side tracks located at approximately 
milepost 329.0 and milepost 331.5.
    IANR states that an agreement between UP and IANR was reached in 
February 2019 for IANR's lease and operation of the Line (the lease 
agreement).
    IANR certifies that its projected revenues as a result of this 
transaction will not result in the creation of a Class I or Class II 
rail carrier and will not exceed $5 million. As required under 49 CFR 
1150.43(h)(1), IANR has disclosed in its verified notice that the lease 
agreement contains an interchange commitment that will require IANR to 
pay additional charges to UP for carloads that originate or terminate 
on the Line that are not interchanged with UP.\1\ IANR has provided 
additional information regarding the interchange commitment as required 
by 49 CFR 1150.43(h).
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    \1\ A copy of the lease agreement was submitted under seal with 
the verified notice. See 49 CFR 1150.43(h)(1).
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    IANR states that it expects to commence operations immediately 
following the effective date of this transaction, which, unless stayed, 
will be April 3, 2019 (30 days after the verified notice of 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 effectiveness of the 
exemption. Petitions for stay must be filed no later than March 27, 
2019.
    An original and 10 copies of all pleadings, referring to Docket No. 
FD 36277, 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, Esq., Iowa Northern 
Railway Company, 201 Tower Park Drive, Suite 300, Waterloo, IA 50701.
    According to IANR, this action is categorically excluded from 
environmental review under 49 CFR 1105.6(c) and from historic reporting 
under 49 CFR 1105.8(b).
    Board decisions and notices are available at www.stb.gov.

    Decided: March 15, 2019.

    By the Board, Allison C. Davis, Acting Director, Office of 
Proceedings.
Brendetta Jones,
Clearance Clerk.
[FR Doc. 2019-05271 Filed 3-19-19; 8:45 am]
 BILLING CODE 4915-01-P