[Federal Register Volume 60, Number 136 (Monday, July 17, 1995)]
[Notices]
[Pages 36456-36457]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-17425]
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DEPARTMENT OF TRANSPORTATION
Federal Transit Administration
Transfer of Federally Assisted Land or 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 Laws permit 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
[[Page 36457]]
the asset for Federal use. Accordingly, FTA is issuing this Notice to
advise Federal agencies that the New Jersey Transit intends to transfer
the Union City Bus Maintenance Facility on New York Avenue in Union
City, New Jersey to the City of Union City.
DATES: Any Federal agency interested in acquiring the land or facility
must notify the FTA, Region II, of its interest, by August 16, 1995.
ADDRESSES: Interested parties should notify the Regional Office by
writing the Federal Transit Administration, 26 Federal Plaza, Suite
2940, New York, N.Y. 10278.
FOR FURTHER INFORMATION CONTACT: Hans Point Du Jour, FTA, Region II,
212-264-8162 or Ann Catlin, Office of Grants Management at 202-366-
1647.
SUPPLEMENTARY INFORMATION:
Background
49 U.S.C. section 5334(g) (formerly, 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 5334 (g) Determinations
The provision also provides that before the FTA may authorize such
a transfer, 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 Federal
Transit Laws 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 49 U.S.C. section
5334(g) (1) (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 49 U.S.C. section 5334(g) (1) (A) through (C) are
met before permitting the asset to be transferred.
Additional Description of Land or Facility
The subject building is located at 2701 New York Avenue, Union
City, New Jersey, on approximately 3 acres of land. The building was
built in stages between 1896 and 1928 as a trolley maintenance
facility. It has approximately 131,000 square feet of building area
overall with 7 bus bays available for storage and service.
Issued On: July 11, 1995.
Thomas J. Ryan,
Regional Administrator, TRO-II.
[FR Doc. 95-17425 Filed 7-14-95; 8:45 am]
BILLING CODE 4910-57-P
