94-2908. Coastal Barrier Improvement Act; Property Availability; Campobello Island Estates, New Brunswick, Canada

[Federal Register Volume 59, Number 27 (Wednesday, February 9, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-2908]


[[Page Unknown]]

[Federal Register: February 9, 1994]


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RESOLUTION TRUST CORPORATION

 

Coastal Barrier Improvement Act; Property Availability; 
Campobello Island Estates, New Brunswick, Canada

AGENCY: Resolution Trust Corporation.

ACTION: Notice.

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SUMMARY: Notice is hereby given that the properties known as Trinity 
Ranch, located in Fort Worth and Benbrook, Tarrant County, Texas, and 
Campobello Island Estates, located on Campobello Island, New Brunswick, 
Canada, are affected by section 10 of the Coastal Barrier Improvement 
Act of 1990 as specified below. This notice is a republication of the 
notice of availability for Campobello Island Estates, initially 
published on June 29, 1993 (FR Vol. 58: 34845/34836), clarifying the 
description of the property and its size.

DATES: Written notices 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 May 10, 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:

Trinity Ranch:

    Mr. Steven Reid, Resolution Trust Corporation, Dallas Field 
Office, 3500 Maple Avenue, Reverchon Plaza, suite 300, Dallas, TX 
75219-3935, [phone]; Fax [phone].

Campobello Island Estates:

    Mr. Steven J. Vranka, Resolution Trust Corporation, c/o Nevander 
Asset Management, Inc., 4665 MacArthur Court, suite 200, Newport 
Beach, CA 46655, [phone]; Fax [phone].

SUPPLEMENTARY INFORMATION: The Trinity Ranch property is located in the 
cities of Fort Worth and Benbrook along both sides of U.S. Highway 377 
approximately 2.5 miles southwest of the IH-20 and Loop 820 interchange 
in southwest Tarrant County, Texas. The site is situated in an 
undeveloped floodplain(s) and is contiguous with an area known as the 
Benbrook Project which is managed by the U.S. Army Corps of Engineers 
for natural resource conservation purposes. The Trinity Ranch property 
consists of approximately 2,005 acres of undeveloped land. The property 
is irregular in shape and consists of two non-contiguous tracts divided 
by U.S. Highway 377 which bisects the property in a northeast/southwest 
direction. The terrain is gently rolling and mostly open space with a 
few heavily wooded riparian areas.
    The Campobello Island Estates property is located on Campobello 
Island, New Brunswick, Canada. The site has frontage on the Atlantic 
Ocean, contains endangered species, and is adjacent to the Roosevelt 
Campobello International Park which is managed jointly by the United 
States and Canada. The Campobello Island Estates property consists of 
approximately 3,419.67 acres of land of which 3,040.17 acres are 
undeveloped and are not subdivided, 354.8 acres are subdivided and 24.7 
acres are improved parcels. The property is situated in a coastal zone 
regulated by the New Brunswick Department of Environmental Affairs and 
contains a number of home lots designed for recreational purposes and 
an abandoned fish processing plant. 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 May 10, 1994 by the Resolution Trust Corporation at the 
appropriate address stated above.
    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)).

    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 the 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 United States 
Internal Revenue Service regarding the organization's status under 
section 501(c)(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 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: February 2, 1994.

Resolution Trust Corporation.
John M. Buckley, Jr.,
Secretary.
[FR Doc. 94-2908 Filed 2-8-94; 8:45 am]
BILLING CODE 6714-01-M