95-21864. Coastal Barrier Improvement Act; Property Availability; Clinton Woods, Passaic County, NJ, Chapel Farms, Talbot County, MD

[Federal Register Volume 60, Number 171 (Tuesday, September 5, 1995)]
[Notices]
[Pages 46137-46138]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-21864]



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RESOLUTION TRUST CORPORATION


Coastal Barrier Improvement Act; Property Availability; Clinton 
Woods, Passaic County, NJ, Chapel Farms, Talbot County, MD

AGENCY: Resolution Trust Corporation.

ACTION: Notice.

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SUMMARY: Notice is hereby given that the properties known as Clinton 
Woods, located in West Milford, Passaic County, New Jersey, and Chapel 
Farms, located in Easton, Talbot County, Maryland, 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 December 4, 1995.

ADDRESSES: Copies of detailed descriptions of these properties, 
including maps, can be obtained from or are available for inspection by 
contacting the following person:
    For the Clinton Woods property: Mr. Steve Kilduff, Resolution Trust 
Corporation, c/o RPC-Mitchell/Titus, Inc., 440 East Sweedsford Road, 
Suite 2000, Wayne, PA 19087, [phone]; Fax [phone].
    For the Chapel Farms property: Mr. Dan Hummer, Resolution Trust 
Corporation, Atlanta Field Office, 245 Peachtree Center Avenue, NE, 
Marquis One Tower, 10th Floor, Atlanta, GA 30303, [phone]; Fax 
[phone].

SUPPLEMENTARY INFORMATION: The Clinton Woods property is located in the 
northern portion of Passaic County, approximately 2 miles northeast of 
the Town of West Milford and is situated east of Brook Road, south of 
Lookover Drive and Mount Laurel Lake. The site consists of 
approximately 90.9 acres of undeveloped land and contains wetlands. 
This property is adjacent to Wawayanda State Park and the Bearfort 
Mountain Natural Area, both of which are managed by the State of New 
Jersey for recreational and natural resource conservation purposes.
    The Chapel Farms property is located in Easton, Maryland, and is 
accessible via Chapel Farms Drive and Laurel Street to the north or 
Plum Street to the west. The site has recreational value, contains 
wetlands, and consists of approximately 58.46 acres of undeveloped land 
with portions of the property being used for farming. This property is 
adjacent to a State-owned railroad right-of-way to be leased by the 
Town of Easton as a hiking and biking trail for recreational purposes. 
These properties are covered property within the meaning of Section 10 
of the Coastal Barrier Improvement Act of 1990, P.L. 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 December 4, 1995. by the Resolution Trust Corporation at the 
appropriate address stated above.
    Those entitles 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:

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[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, 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 

[[Page 46138]]
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 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: August 29, 1995.

Resolution Trust Corporation.
William J. Tricarico,
Assistant Secretary.
[FR Doc. 95-21864 Filed 9-1-95; 8:45 am]
BILLING CODE 6714-01-M