FDIC Federal Register Citations

[Federal Register: March 24, 1997 (Volume 62, Number 56)]

[Notices]

[Page 13886]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr24mr97-52]

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FEDERAL DEPOSIT INSURANCE CORPORATION

Coastal Barrier Improvement Act; Property Availability; Washoe

Development, Washoe County, NV

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice.

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SUMMARY: Notice is hereby given that the property known as Washoe

Development, Washoe County, Nevada, is 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 this property may be mailed or faxed

to the FDIC until June 23, 1997.

ADDRESSES: Copies of detailed descriptions of this property, including

maps, may be obtained from or are available for inspection by

contacting the following person: Mr. J. Russell Hibbs, Federal Deposit

Insurance Corporation, Western Service Center, 4 Park Plaza; Mail Stop

J-620D-60, Irvine, CA 92714, (714) 263-7753; Fax (714) 263-7699.

SUPPLEMENTARY INFORMATION: The Washoe Development property consists of

approximately 481 acres in two parcels (Parcel A and Parcel B) of

undeveloped land located on U.S. Highway 395 and William Brent Road in

Washoe County, Nevada. U.S. Highway 395 borders the east side of both

Parcel A and Parcel B. Parcel A extends west from U.S. Highway 395 to

State Route 429 (Old Highway 395) and lies 700 to 2,700 feet north of

William Brent Road. Parcel B extends 2,300 feet west from U.S. Highway

395 along William Brent Road and 2,900 feet south of William Brent

Road. Parcel A consists of approximately 235.4 acres in Section 10 and

11, Township 16 North, Range 19 East. Parcel B consists of

approximately 245.4 acres in Section 10, 11, 14, and 15, Township 16

North, Range 19 East. The Washoe Development property contains wetlands

and lies in a valley between two mountain ranges. This property is

adjacent to or contiguous with lands managed by the Nevada Division of

Wildlife, Nevada State Lands, and the Washoe County Treasurer for

recreational, open space, and/or natural resource conservation

purposes. This property is covered property 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 this property must be received on or

before June 23, 1997 by the Federal Deposit Insurance Corporation at

the appropriate address stated above.

ELIGIBLE ENTITIES: Those 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; and,

3. ``Qualified organizations'' pursuant to section 170(h)(3) of the

Internal Revenue Code of 1986 (26 U.S.C. 170(h)(3)).

FORM OF NOTICE: Written notices of serious interest must be submitted

in the following form:

NOTICE OF SERIOUS INTEREST

RE: Washoe Development

Federal Register Publication Date: March 24, 1997

1. Entity name.

2. Declaration of eligibility to submit Notice under criteria set

forth in the Coastal Barrier Improvement Act of 1990, P.L. 101-591,

section 10(b)(2), (12 U.S.C. 1441a-3(b)(2)), including, for qualified

organizations, a determination letter from the United States Internal

Revenue Service regarding the organization's status under section

170(h)(3) of the U.S. 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, method of

financing, expected closing date, etc.).

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 (12 U.S.C. 1441a-

3(b)(4)), 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 FDIC, 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: March 18, 1997.

Robert E. Feldman,

Deputy Executive Secretary.

[FR Doc. 97-7290 Filed 3-21-97; 8:45 am]

BILLING CODE 6714-01-M