[Federal Register Volume 78, Number 138 (Thursday, July 18, 2013)]
[Notices]
[Page 42999]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-17262]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. FD 35748]
City of Pickens, S.C. and City of Easley, S.C.--Acquisition
Exemption--Pickens Railway Company
The City of Pickens, S.C., and the City of Easley, S.C.
(collectively, the Cities or Petitioners), both noncarrier political
subdivisions of the State of South Carolina, have filed a verified
notice of exemption under 49 CFR 1150.31 to acquire from Pickens
Railway Company (Pickens Railway) approximately 8.5 miles of railroad
right-of-way between milepost 0.0, at or near Pickens, and milepost
8.5, at or near Easley.\1\
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\1\ The rail line between milepost 0.0 and milepost 8.5 will be
referred to as the Line. The Cities are acquiring the Line's right-
of-way, but not its track or track material.
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In a related prior transaction, Pickens Railway filed a verified
notice of exemption in September 2012 to abandon the Line,\2\ and the
Board issued a Notice of Interim Trail Use or Abandonment (NITU) under
section 8(d) of the National Trails System Act, 16 U.S.C. 1247(d), and
49 CFR 1152.29 to permit the Cities to negotiate with Pickens Railway
to acquire the Line for use as a trail (rail banking/interim trail
use).\3\ On July 2, 2013, Petitioners filed, in the abandonment docket,
a notice that a rail banking/interim trail use agreement had been
reached with Pickens Railway.\4\
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\2\ See Pickens Ry.--Aban. Exemption--in Pickens Cnty., S.C., AB
1097X (STB served Sept. 27, 2012).
\3\ See Pickens Ry.--Aban. Exemption--in Pickens Cnty., S.C., AB
1097X (STB served Oct. 26, 2012). By decision served on May 17,
2013, the NITU negotiating period was extended until October 21,
2013. A rail-banked line is subject to future reactivation of rail
service. See 49 CFR 1152.29(a)(3), (c)(2), (d)(2).
\4\ See Notice of Interim Trail Use Agreement, Pickens Ry.--
Aban. Exemption--in Pickens Cnty., S.C., AB 1097X (filed July 2,
2013).
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Here, Petitioners state that they have entered into an agreement
with Pickens Railway in which Pickens Railway will convey its ownership
interests in the rail line corridor, including the ``residual common
carrier status'' (i.e., the legal right to reactivate common carrier
service), to the Cities. This conveyance will exclude the track and
most of the track material, which Pickens Railway will retain the right
to salvage. Thus, Petitioners assert that, as a result of this
acquisition transaction combined with the rail banking/interim trail
use agreement in the abandonment docket, the Cities will hold all of
the non-track rail assets that constitute the Line and will acquire
ownership of and responsibility for the corridor as trail sponsor,
including the common carrier reactivation right.
The transaction is expected to be consummated on or after August 1,
2013 (30 days after the notice of exemption was filed).
The Cities certify that the projected annual revenues as a result
of this transaction will not exceed $5 million or exceed those that
would qualify either city, or both, as a Class III rail carrier.
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 July 25, 2013
(at least 7 days before the exemption becomes effective).
An original and 10 copies of all pleadings, referring to Docket No.
FD 35748, must be filed with the Surface Transportation Board, 395 E
Street SW., Washington, DC 20423-0001. In addition, a copy must be
served on William A. Mullins, Baker & Miller PLLC, 2401 Pennsylvania
Ave. NW., Suite 300, Washington, DC 20037.
Board decisions and notices are available on our Web site at
www.stb.dot.gov.
Decided: July 12, 2013.
By the Board, Rachel D. Campbell, Director, Office of
Proceedings.
Raina S. White,
Clearance Clerk.
[FR Doc. 2013-17262 Filed 7-17-13; 8:45 am]
BILLING CODE 4915-01-P