[Federal Register Volume 59, Number 12 (Wednesday, January 19, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1203]
[[Page Unknown]]
[Federal Register: January 19, 1994]
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RESOLUTION TRUST CORPORATION
Coastal Barrier Improvement Act; Property Availability
AGENCY: Resolution Trust Corporation.
ACTION: Notice.
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SUMMARY: Notice is hereby given that the properties known as Prairie
Oaks Ranch, located in Sacramento County, and Rancho San Diego, located
in San Diego County, California, are affected by Section 10 of the
Coastal Barrier Improvement Act of 1990 as specified below.
DATES: Written notice of serious interest to purchase or effect other
transfer of all or any portion of these properties may be mailed or
faxed to the RTC until April 19, 1994.
ADDRESSES: Copies of detailed descriptions of these properties,
including maps, can be obtained from or are available for inspection by
contacting the following person:
Mr. E. Ted Hine, Resolution Trust Corporation, California Field
Office, 4000 MacArthur Boulevard, Third Floor, East Tower, Newport
Beach, CA 92660-2516, (714) 263-4648; Fax (714) 852-7770.
SUPPLEMENTARY INFORMATION: The Prairie Oaks Ranch property is located
north of U.S. Highway 50 and east of Prairie City Road in the City of
Folsom, California. The property is bisected by Blue Ravine Road and
Riley Street. The site contains wetlands, an undeveloped floodplain,
and is adjacent to Clifford Reservoir and a park managed by the City of
Folsom. The Prairie Oaks Ranch property consists of approximately 405
acres of undeveloped land with rolling terrain and numerous groves of
oaks. The property contains a portion of Willow Creek which meanders
through the site and approximately 31 acres of wetlands.
The Rancho San Diego property is located approximately fifteen (15)
miles east of downtown San Diego and generally centered around the
intersection of Campo Road (Highway 94) and Jamacha Road. The property
is situated in an undeveloped floodplain, contains habitat for the
Federally-listed endangered least Bell's vireo and is adjacent to
Sweetwater Reservoir and Steel Canyon Park. The Rancho San Diego
property consists of approximately 2,129 acres of undeveloped land and
the topography is characterized by steep slopes rising from both sides
of the Sweetwater River which traverses the property. These properties
are covered properties within the meaning of Section 10 of the Coastal
Barrier Improvement Act of 1990, Public Law 101-591 (12 U.S.C. 1441a-
3).
Written notice of serious interest in the purchase or other
transfer of all or any portion of these properties must be received on
or before April 19, 1994 by the Resolution Trust Corporation at the
appropriate address stated above.
The entities eligible to submit written notices of serious interest
are:
1. Agencies or entities of the Federal government;
2. Agencies or entities of State or local government;
3. ``Qualified organizations'' pursuant to section 170(h)(3) of
the Internal Revenue Code of 1986 (26 U.S.C. 170(h)(3)).
Written notices of serious interest must be submitted in the
following form:
Notice of Serious Interest
RE: [insert name of property]
Federal Register Publication Date: ________
[insert Federal Register publication date]
1. Entity name.
2. Declaration of eligibility to submit Notice under criteria
set forth in Coastal Barrier Improvement Act of 1990, Public Law
101-591, section 10(b)(2), (12 U.S.C. 1441a-3(b)(2)), including, for
qualified organizations, a determination letter from the Internal
Revenue Service regarding the organization's status under section
501(c)(3) of the Internal Revenue Code (26 U.S.C. 170(h)(3)).
3. Brief description of proposed terms of purchase or other
offer for all or any portion of the property (e.g., price and method
of financing).
4. Declaration of entity that it intends to use the property for
wildlife refuge, sanctuary, open space, recreational, historical,
cultural, or natural resource conservation purposes as provided in a
clear written description of the purpose(s) to which the property
will be put and the location and acreage of the area covered by each
purpose(s) including a declaration of entity that it will accept the
placement, by the RTC, of an easement or deed restriction on the
property consistent with its intended conservation use(s) as stated
in its notice of serious interest.
5. Authorized Representative (Name/Address/Telephone/Fax).
List of Subjects: Environmental protection.
Dated: January 12, 1994.
Resolution Trust Corporation.
William J. Tricarico,
Assistant Secretary.
[FR Doc. 94-1203 Filed 1-18-94; 8:45 am]
BILLING CODE 6714-01-M