[Federal Register Volume 59, Number 83 (Monday, May 2, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-10433]
[[Page Unknown]]
[Federal Register: May 2, 1994]
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DEPARTMENT OF TRANSPORTATION
Federal Transit Administration
Transfer of Federally Assisted Facility
AGENCY: Federal Transit Administration, DOT.
ACTION: Notice of intent to transfer Federally assisted land or
facility.
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SUMMARY: The Federal Transit Act, as amended (FT Act), permits the
Administrator of the Federal Transit Administration (FTA) to authorize
a recipient of FTA funds to transfer land or a facility to a public
body for any public purpose with no further obligation to the Federal
Government if, among other things, no Federal agency is interested in
acquiring the asset for Federal use. Accordingly, FTA is issuing this
Notice to advise Federal agencies that the Suburban Bus Division of the
RTA (PACE) intends to transfer its Wilmette Bus Facility at 711 Laramie
Avenue, on the western border of Wilmette, Illinois, west of the Edens
Expressway.
EFFECTIVE DATE: Any Federal agency interested in acquiring the land or
facility must notify the FTA, Region 5 Office, of its interest, by June
1, 1994.
ADDRESSES: Interested parties should notify the Regional Office by
writing to FTA Region 5, 55 East Monroe Street, Room 1415, Chicago,
Illinois 60603).
FOR FURTHER INFORMATION CONTACT: Louise Carter, Director of the Office
of Program Oversight, (312)353-2883 or Ann Catlin, Office of Grants
Management at (202) 366-1647.
SUPPLEMENTARY INFORMATION:
Background
Section 12(k) of the FT Act, as amended, provides guidance on the
transfer of capital assets. Specifically, if a recipient of FTA
assistance determines that capital assets (including land) acquired, in
whole or part, with such assistance are no longer needed for the
purposes for which they were acquired, the Administrator may authorize
the transfer of such assets to any public body to be used for any
public purpose with no further obligation to the Federal Government.
Section 12(k)(2) Determinations
The provision also provides that before the FTA may authorize such
a transfer for a non-transit use, the FTA must first determine that:
(A) The asset being transferred will remain in public use for not
less than 5 years after the date of the transfer;
(B) There are no purposes eligible for assistance under the FT Act
for which the asset should be used;
(C) The overall benefit of allowing the transfer outweighs the
Federal Government interest in liquidation and return of the Federal
financial interest in the asset, after consideration of fair market
value and other factors; and
(D) In any case in which the asset is a facility or land, there is
no interest in acquiring the asset for Federal use.
Federal Interest in Acquiring Land or Facility
This document implements the requirements of section 12(k)(2)(D).
Accordingly, FTA hereby provides notice of the availability of the land
or facility further described below. Any Federal agency interested in
acquiring the affected land or facility should promptly notify the FTA.
If no Federal agency is interested in acquiring the existing land
or facility, FTA will make certain that the other requirements
specified in section 12(k)(2) (A) through (C) are met before permitting
the asset to be transferred.
Additional Description of Land or Facility
The Wilmette Bus Facility located at 511 Laramie Avenue, on the
Western border of the Village of Wilmette, Illinois, a 15,959 square
foot, one story on slab, brick and metal panel constructed addition to
an existing public works maintenance facility on a six-acre parcel
owned by the Village of Wilmette, Illinois. The facility was
constructed in 1985 by PACE.
Issued on: April 26, 1994.
Joel P. Ettinger,
Regional Administrator.
[FR Doc. 94-10433 Filed 4-29-94; 8:45 am]
BILLING CODE 4910-57-U