43340 Federal Register / Vol. 62, No. 156 / Wednesday, August 13, 1997 / Notices

DEPARTMENT OF HOUSING AND

URBAN DEVELOPMENT

[Docket No. FR–4248–N–02]

Fiscal Year 1997 Portfolio

Reengineering Demonstration Program

Request for Qualifications; Extension

of Date for Submission of

Qualifications

AGENCY: Office of Assistant Secretary for

Housing—Federal Housing

Commissioner, HUD.

ACTION: Notice of request for

qualifications; extension of date for

submission of qualifications.

SUMMARY: On July 16, 1997, the

Department published a notice seeking

requests for qualifications (RFQ) under

a statutory Demonstration Program. The

July 16, 1997 RFQ advised that the

Department is carrying out a statutory

Demonstration Program that is intended

to test approaches that reduce the cost

of the ongoing Federal subsidy for FHAinsured, Section 8-assisted housing,

while preserving this critical affordable

housing resource in good physical and

financial condition. The July 16, 1997

RFQ is directed to nonprofit

organizations that are interested in

participating in the Designee process

under section VII. of the Guidelines for

the Demonstration Program. The

Guidelines for the Demonstration

Program were published on January 23,

1997. The July 16, 1997 notice requested

that the qualifications be submitted to

the Department by August 13, 1997.

This notice extends the due date for

submission of qualifications

indefinitely. By separate notice to be

published in the Federal Register, the

Department will announce the new due

date for submission of qualifications.

The announcement notice will provide

sufficient notice of the new deadline

date for submission of qualifications.

FOR FURTHER INFORMATION CONTACT:

George C. Dipman, Demonstration

Program Coordinator, Office of

Multifamily Housing, Department of

Housing and Urban Development, 451

Seventh Street, S.W., Washington, DC

20410–4000; Room 6106; Telephone

(202) 708–3321. (This is not a toll-free

number.) Hearing or speech-impaired

individuals may call 1–800–877–8399

(Federal Information Relay Service

TTY). Internet address: PRE@hud.gov.

SUPPLEMENTARY INFORMATION: On July

16, 1997 (62 FR 38109), the Department

published a notice seeking requests for

qualifications (RFQ) under a statutory

Demonstration Program. The July 16,

1997 RFQ advised that the Department

is carrying out a statutory

Demonstration Program that is intended

to test approaches that reduce the cost

of the ongoing Federal subsidy for FHAinsured, Section 8-assisted housing,

while preserving this critical affordable

housing resource in good physical and

financial condition. The July 16, 1997

RFQ is directed to nonprofit

organizations that are interested in

participating in the Designee process

under section VII. of the Guidelines for

the Demonstration Program. The

Guidelines for the Demonstration

Program were published on January 23,

1997 (62 FR 3567). The July 16, 1997

notice requested that the qualifications

be submitted to the Department by

August 13, 1997.

This notice extends the due date for

submission of qualifications

indefinitely. By separate notice to be

published in the Federal Register, the

Department will announce the new due

date for submission of qualifications.

The announcement notice will provide

sufficient notice of the new deadline

date for submission of qualifications.

No other change is made to the July

16, 1997 notice other than the extension

of the submission date for

qualifications.

Dated: August 8, 1997.

Karen A. Miller,

Acting Deputy Assistant Secretary for

Multifamily Housing.

[FR Doc. 97–21389 Filed 8–8–97; 2:31 pm]

BILLING CODE 4210–27–P

DEPARTMENT OF HOUSING AND

URBAN DEVELOPMENT

[Docket No. FR–4188–N–02]

Notice of Sale of Single Family

Mortgage Loans

AGENCY: Office of the Assistant

Secretary for Housing-Federal Housing

Commissioner, HUD.

ACTION: Notice of sale of single family

mortgage loans.

SUMMARY: This notice announces the

Department’s intention to sell

approximately 18,200 Secretary-held

single family mortgage loans (the

‘‘loans’’) in a sealed bid auction. The

majority of loans were insured under

various sections of the National Housing

Act, 12 U.S.C. 1701 et Seq. (the ‘‘Act’’)

and thereafter assigned to the

Department pursuant to Section 230 of

the Act (12 U.S.C. 1715u). The loans are

secured by single family properties

located nationwide. This notice also

describes the bidding process for these

loans.

DATES: Bid Packages will be available to

eligible bidders on or about August 4,

1997. The auction is currently

scheduled for September 9, 1997.

ADDRESSES: Bid Packages will be

available from FHA’s Financial Advisor,

Ernst & Young LLP (E&Y), 1150 18th

Street, N.W., Suite 500, Washington, DC

20036 and Utendahl Capital Partners,

L.P. (‘‘Utendahl’’), 30 Broad Street, 31st

Floor, New York, NY 10004 (jointly

‘‘The FA Team’’). Bid Packages will be

made available only to parties who

complete a Confidentiality Agreement

and Qualification Statement and are

determined to be eligible bidders. A

Confidentiality Agreement and

Qualification Statement will accompany

the announcement brochure that will be

distributed to prospective bidders. The

FA Team will work with the

Government Printing Office to forward

Bid Packages to eligible bidders via

UPS. Imaged asset files for the loans

included in the sale are available for

review by eligible bidders who visit the

due diligence facility located at 1730 M

Street, N.W., Suite 610, Washington,

D.C. 20036. To schedule a visit to the

due diligence facility or to order

supplemental information on the loans,

eligible bidders should contact Ron

Hughes at (202) 496–0170. This is not a

toll free number. The due diligence

facility will be open between the hours

of 8:00 a.m. and 8:00 p.m., Monday

through Friday and 8:00 a.m. to 5:00

p.m. on Saturday. The facility will open

on or about August 4, 1997 and will

close on or about September 5, 1997.

FOR FURTHER INFORMATION CONTACT:

Joseph McCloskey, Director, Single

Family Servicing Division, Office of

Insured Single Family Housing, Room

9178, Department of Housing and Urban

Development, 451 Seventh Street, S.W.,

Washington, DC 20410; telephone (202)

708–1672. This is not a toll free number.

Hearing or speech-impaired individuals

may access this number via PT (text

telephone) by calling the Federal

Information Relay Service at (800) 877–

8339. This is a toll free number.

SUPPLEMENTARY INFORMATION: The

Department intends to sell

approximately 18,200 single family

loans in this auction. The loans are

secured by single family properties.

Some of the loans are performing and

some are non-performing. The loans

will be divided into one million dollar

($1,000,000) mortgage loan blocks,

which will be further arranged into

groups. A list of specific loans, mortgage

loan blocks and group descriptions will

be contained in the Bid Package. No

loans will be sold individually. Loans

that were assigned to HUD were insured
Federal Register / Vol. 62, No. 156 / Wednesday, August 13, 1997 / Notices 43341

by the Federal Housing Administration

(‘‘FHA’’). The loans are not now insured

and will be sold without FHA

insurance. In the case of most of the

loans, HUD has agreed to forbear, under

certain conditions, from enforcement of

its rights upon default and, for those

loans that are within the initial 36-

month period of forbearance,

mortgagors’ payments may be reduced

or suspended under the terms of the

forbearance agreements. This sale

contains loans from both inside and

outside of the 36-month period. The

Department will offer interested parties

an opportunity to bid competitively on

loan pools which they may create from

combinations of loan blocks, subject to

conditions set forth in the Bid Package.

The Department shall use its sole

discretion to evaluate and determine

winning bids.

The Bidding Process

These are the essential terms of sale.

To ensure a competitive bidding

process, the terms of sale are not subject

to negotiation.

The Department will describe in

detail the bidding procedure in the Bid

Package, which will include bid forms,

a nonnegotiable loan sale agreement

prepared by the Department (Loan Sale

Agreement), specific bid instructions, as

well as pertinent information on the

loans, such as total outstanding unpaid

principal balances, interest rate ranges,

maturity terms, geographic locations

and performance. The Bid Packages also

include computer diskettes containing

data on all of the loans.

Bid Packages will be available

approximately 6 weeks prior to the Bid

Date. Any interested party may request

a copy of the Bid Package by sending a

written request together with a duly

executed Confidentiality Agreement and

Qualification Statement to the address

specified in the ADDRESSES section of

this notice.

Prior to the Bid Date a Bid Package

Supplement will be mailed to all

eligible bidders. It will contain the final

list of loans to be conveyed to the

successful bidder(s).

As defined in the bidders information

package, each bidder must include with

its bid a deposit approximately equal to

10% of the amount of its highest bid. If

a successful bidder fails to abide by the

terms of the Loan Sale Agreement,

including those requiring payment to

the Department of any remaining sums

due pursuant to the Loan Sale

Agreement and closing within the time

period provided by the Loan Sale

Agreement, the Department shall retain

any deposit as liquidated damages.

Due Diligence Facility

A bidder due diligence period will

take place beginning on or about August

4, 1997. During the bidder due diligence

period, eligible bidders may, for a nonrefundable fee of $500, review all asset

file documents which have been imaged

onto a database by visiting the due

diligence facility located at 1730 M

Street N.W., Suite 610, Washington,

D.C., 20036 and/or via modem. Finally,

bidders may purchase at a cost of $500

CD ROM discs containing due diligence

materials such as payment histories and

Brokers’ Price Opinions.

Specific instructions for ordering

information in electronic format or

making an appointment to visit the due

diligence facility will be included in the

Bid Package. The Department reserves

the right to charge a reasonable fee to

cover its costs in duplicating and

forwarding any information requested

by an interested party.

FHA Reservation of Rights

The Department reserves the right to

remove loans from the sale at any time

prior to the Bid Date for any reason and

without prejudice to its right to include

any loans in a later sale. The

Department also reserves the right to use

its sole discretion to evaluate and

determine winning bids. The

Department reserves the right at its sole

discretion and for any reason

whatsoever to reject any and all bids.

The Department reserves the right to

conduct a ‘‘best and final’’ round among

tied bidders, wherein bidders will be

given the opportunity to increase their

bids. Conducting a best and final round

shall not be construed as a rejection of

any bid or preclude the Department

from accepting any bid made by a

bidder.

Ineligible Bidders

Notwithstanding a bidder’s

qualification as an eligible bidder and

approved servicer the following

individuals and entities (either alone or

in combination with others) are

ineligible to bid in the sale:

(1) Any employee of the Department,

and any member of any such employee’s

household and any entity controlled by

a Department employee or by a member

of such employee’s household;

(2) Any individual or entity that is

debarred or suspended from doing

business with the Department pursuant

to 24 CFR part 24;

(3) Any contractor, subcontractor,

consultant, and/or advisor (or any agent,

employee, partner, director, principal,

or affiliate of any of the foregoing) who

performed services for, or on behalf of,

the Department in connection with this

sale;

(4) Any individual that was an

employee, partner, director, agent, or

principal of any entity or individual

described in paragraph (3) at any time

during which the entity or individual

performed services for, or on behalf of,

the Department in connection with this

sale; and

(5) Any bidder that uses the services,

whether directly or indirectly, of anyone

to assist in the preparation of any of its

bids in connection with this sale who is

deemed to be ineligible under any of

paragraphs 1–4 above.

Number of Bids

Bidders may bid on any or all of the

mortgage loan blocks and/or create their

own pools of one or more mortgage loan

blocks within a mortgage loan group.

Ties for High Bidder

If a tie continues after the best and

final offers are submitted, the successful

bidder will be determined by lottery.

Single Family Loan Sale Procedure

The Department has selected a

competitive sealed bid auction as the

method to sell the blocks of loans.

Historically, this method of sale

optimizes the Department’s return on

the sale of loans, affords the greatest

opportunity for all interested parties to

bid on the defaulted loans, and provides

the quickest and most efficient vehicle

for the Department to dispose of the

loans.

Single Family Loan Sale Policy

Post Sale Servicing Requirements

The loans will be sold servicing

released. The loans must be serviced by

an FHA approved mortgagee for the

remaining lives of the loans, unless a

loan is assumed, modified, refinanced

or satisfied of record in the manner set

forth in the servicing requirements

contained in the Loan Sale Agreement.

Purchasers of these loans, and their

successors and assigns, will be required

to service the loans in accordance with

the applicable provisions of the Loan

Sale Agreement. The Department

intends to take any and all steps

possible to ensure enforcement of these

provisions.

Scope of Notice

This notice applies to the Single

Family Loan Sale Number 5, and does

not establish Departmental procedures

and policies for the sale of other

mortgage loans. If there are any conflicts

between this Notice and the Bid

Package, the contents of the Bid Package

prevail.
43342 Federal Register / Vol. 62, No. 156 / Wednesday, August 13, 1997 / Notices

Dated: August 7, 1997.

Nicolas P. Retsinas,

Assistant Secretary for Housing-Federal

Housing Commissioner.

[FR Doc. 97–21302 Filed 8–12–97; 8:45 am]

BILLING CODE 4210–27–P

DEPARTMENT OF THE INTERIOR

Fish and Wildlife Service

Notice of Availability of a Draft Revised

Recovery Plan for the Okaloosa Darter

for Review and Comment

AGENCY: Fish and Wildlife Service,

Interior

ACTION: Notice of document availability.

SUMMARY: The U.S. Fish and Wildlife

Service (Service) proposes to extend the

public comment period for review of the

draft revised recovery plan for the

Okaloosa darter. This endangered fish

occurs in six stream systems flowing

from Eglin Air Force Base through or

near the cities of Niceville and

Valparaiso into Boggy and Rocky bayous

on Choctawhatchee Bay, in Okaloosa

and Walton Counties, Florida. During

the previous comment period (June 10,

1997–August 8, 1997)) agencies

significantly involved in the recovery of

the Okaloosa darter were concerned that

they would be unable to provide their

comments within the comment period.

DATES: Comments on the draft revised

recovery plan must be received on or

before August 30, 1997, to receive

consideration by the Service.

ADDRESSES: Persons wishing to review

the draft revised recovery plan may

examine a copy at the U.S. Fish and

Wildlife Service’s Panama City Field

Office, 1612 June Avenue, Panama City,

Florida 32405, between 7:30 AM and

4:30 PM Central Time; or may obtain a

copy by contacting Frank Parauka,

Panama City Field Office, 850/769–0552

ext. 237.

Written comments and materials

regarding the plan should be addressed

to Frank Parauka at the Panama City

Field Office. Comments and materials

received are available on request for

public inspection, by appointment,

during the previously stated hours at the

Panama City Field Office.

FOR FURTHER INFORMATION CONTACT:

Frank Parauka, at the Panama City Field

Office address given above, at 850/769–

0552, ext. 237, respectively.

SUPPLEMENTARY INFORMATION:

Background

Restoring an endangered or

threatened animal or plant to the point

where it is again a secure, selfsustaining member of its ecosystem is a

primary goal of the U.S. Fish and

Wildlife Service’s endangered species

program. To help guide the recovery

effort, the Service is working to prepare

recovery plans for most of the listed

species native to the United States.

Recovery plans describe actions

considered necessary for conservation of

the species, establish criteria for the

recovery levels for downlisting or

delisting them, and estimate the time

and cost for implementing the recovery

measures needed.

The Endangered Species Act of 1973,

as amended (Act) (16 U.S.C. 1531 et

seq.) requires the development of

recovery plans for listed species unless

such a plan would not promote the

conservation of a particular species.

Section 4(f) of the Act, as amended in

1988, requires that public notice and an

opportunity for public review and

comment be provided during recovery

plan development. The Service will

consider all information presented

during a public comment period prior to

approval of each new or revised

recovery plan. The Service and other

federal agencies will also take these

comments into account in the course of

implementing approved recovery plans.

The draft revised recovery plan for the

Okaloosa darter updates the original

1981 plan. The Service listed this

species in 1973 due to its extreme

limited range, habitat degradation, and

apparent competition from a possibly

introduced related species, the brown

darter. Studies recommended in the

original plan have been completed.

Eglin Air Force Base is implementing

habitat conservation measures, and

plans to implement others. Okaloosa

darter populations have apparently

stabilized. Downlisting this species from

endangered to threatened could be

considered in the near future if

Okaloosa darter populations in all six

inhabited stream systems remain stable

or increase, and if effective interagency

agreements are established to protect the

quality and quantity of water in these

streams. Inhabited streams are the main

stems and tributaries of Toms, Turkey,

Mill, Swift, East Turkey, and Rocky

creeks. The watersheds of these streams,

located on Eglin Air Force Base and in

the cities of Niceville and Valparaiso,

are also in the planning area. Comments

received during the review period will

be used as appropriate for developing a

final revised recovery plan. The Panama

City Field Office will then forward the

final plan to the Service’s Regional

Office in Atlanta, Georgia, for approval.

Public Comments Solicited

The Service solicits written comments

on the draft revised recovery plan

described. All comments received by

the date specified above will be

considered prior to approval of the plan.

Authority

The authority for this action is

Section 4(f) of the Endangered Species

Act, 16 U.S.C. 1533(f).

Dated: August 7, 1997.

Bryan Arroyo,

Acting Field Supervisor.

[FR Doc. 97–21430 Filed 8–12–97; 8:45 am]

BILLING CODE 4310–55–P

DEPARTMENT OF THE INTERIOR

Geological Survey

Federal Geographic Data Committee

(FGDC); Public Comment on the

Proposal to Develop the ‘‘National

Shoreline Data Standard’’ as a Federal

Geographic Data Committee Standard

ACTION: Notice; request for comments.

SUMMARY: The Federal Geographic Data

Committee (FGDC) is charged through

Executive Order 12906 with developing

standards for geospatial data. Geospatial

data include geographic information

and related products that are used for a

variety of mapping and resource

assessment purposes by many segments

of society. The Executive Order states

that standards shall be developed ‘‘. . .

in consultation and cooperation with

State, local, and tribal government, the

private and academic sector, and to the

extent feasible the international

community . . .’’ The FGDC has

identified that there is an important

national need to develop a standard for

shoreline data.

The FGDC Bathymetric and Geodetic

Subcommittees, along with the Coastal

States Organization is sponsoring an

upcoming Shoreline Data Content

Workshop. The purpose of the meeting

and this announcement is to gather

information on the need for a national

shoreline data content standard, as

outlined in the draft proposal included

in this announcement.

In addition to comments on the need

for a national shoreline standard, the

FGDC is seeking the identification of

existing standards on shoreline data on

the identification of individuals or

organizations that are interested in

being part of the standards development

team or would otherwise like to be

involved in the review and evaluation of

the national standard as it is developed.