[Federal Register Volume 60, Number 235 (Thursday, December 7, 1995)]
[Notices]
[Pages 62923-62924]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-29872]



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[[Page 62924]]


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: 49 U.S.C. 5334(g), [formerly called Section 12(k) of The 
Federal Transit Act], permits 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 the asset for Federal use. 
Accordingly, FTA is issuing this Notice to advise Federal agencies that 
the city of Philadelphia intends to transfer vacant parcels of land 
located in the block bounded by 8th, 9th, Callowhill and Vine Streets, 
in Philadelphia, Pennsylvania.

EFFECTIVE DATE: Any Federal agency interested in acquiring the land or 
facility must notify the FTA Philadelphia Regional Office of its 
interest, by January 8, 1996.

ADDRESSES: Interested parties should notify the Regional Office by 
writing to Mr. Sheldon A. Kinbar, Regional Administrator, Federal 
Transit Administration, 1760 Market Street, Room 500, Philadelphia, 
Pennsylvania 19103.

FOR FURTHER INFORMATION CONTACT: Margaret Tornello, Transportation 
Program Specialist, Region 3, at 215/656-6900 or Ann Catlin, Real 
Estate Specialist, Office of Program Management at 202/366-1647.

SUPPLEMENTARY INFORMATION:

Background

    49 U.S.C. 5334(g) provides guidance on the transfer of capital 
assets. Specifically, if a recipient of FTA assistance decides an asset 
acquired under this chapter at least in part with that assistance is no 
longer needed for the purpose for which it was acquired, the Secretary 
of Transportation may authorize the recipient to transfer the asset to 
a local governmental authority to be used for a public purpose with no 
further obligation to the Government. The Secretary may authorize a 
transfer for a public purpose other than mass transportation only if 
the Secretary decides:

49 U.S.C. 5334(g) Determinations

    (A) the asset will remain in public use for not less than 5 years 
after the date of the transfer the asset is transferred;
    (B) there is no purpose eligible for assistance under this chapter 
for which the asset should be used;
    (C) the overall benefit of allowing the transfer is greater than 
the interest of the Government in liquidation and return of the 
financial interest of the Government in the asset, after considering 
fair market value and other factors; and
    (D) through an appropriate screening or survey process, that there 
is interest in acquiring the asset for Government use if the asset is a 
facility or land.

Federal Interest in Acquiring Land or Facility

    This document implements the requirements of 49 U.S.C. Section 
5334(g) [formerly referenced as Section 12(k) of the Federal Transit 
Act, now codified]. 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 49 U.S.C. Section 5334(g)(1)(A) through (1)(D) are met 
before permitting the asset to be transferred.

Additional Description of Land or Facility

    Vacant parcels of land in the block bounded by 8th, 9th, Callowhill 
and Vine Streets, Philadelphia, Pennsylvania. This land is located over 
the Center City Commuter Tunnel with certain construction restrictions.

    Issued on: December 4, 1995.
Sheldon A. Kinbar,
Regional Administrator.
[FR Doc. 95-29872 Filed 12-06-95; 8:45 am]
BILLING CODE 4910-57-P