[Federal Register Volume 60, Number 37 (Friday, February 24, 1995)]
[Notices]
[Pages 10414-10415]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-4477]



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RESOLUTION TRUST CORPORATION


Coastal Barrier Improvement Act; Property Availability; Port 
Adventure, Trinity County, TX, Pinwah Pines, Polk County, TX

AGENCY: Resolution Trust Corporation.

ACTION: Notice.

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SUMMARY: Notice is hereby given that the properties known as Port 
Adventure, located near the City of Sebastopol, Trinity County, Texas, 
and Pinwah Pines, located near the City of Livingston, Polk County, 
Texas, are affected by Section 10 of the Coastal Barrier Improvement 
Act of 1990 as specified below.

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 25, 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: Mr. Steven Reid, Resolution Trust 
Corporation, Dallas Field Office, 3500 Maple Avenue, Reverchon Plaza, 
Suite 300, Dallas, TX 75219, (214) 443-4738; Fax (214) 443-6574.

SUPPLEMENTARY INFORMATION: The Port Adventure property is located on 
Route 2, two miles east of Sebastopol, Texas, and accessible on the 
southern side from FM 356. The site consists of approximately 284.8 
acres of mostly undeveloped land with a campground and community 
activity facilities. The Port Adventure property contains habitat for 
Federally-listed endangered species and the western portion of the site 
is adjacent to a small inlet of Lake Livingston which is managed by the 
Trinity River Authority for natural resource conservation and 
recreational purposes.
    The Pinwah Pines property is located southeast of Onalaska and 
northwest of Livingston on US-190, Polk County, Texas. The site 
consists of approximately 97 acres of undeveloped land with rolling 
terrain and water frontage on the northeast side of Lake Livingston. 
The Pinwah Pines property contains habitat for Federally-listed 
endangered species and the site is contiguous with Lake Livingston 
which is managed by the Trinity River Authority for natural resource 
conservation and 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).
    Title to the Pinwah Pines property is vested in First Texas 
Equities, Inc., a subsidiary of Jasper Federal Savings and Loan, in 
Receivership, and is subject to claims asserted in that matter styled 
``First Texas Equities, Inc. v. Neil Chain,'' pending under Cause No. 
11,933 in the 258th Judicial District Court of Polk County, Texas, and 
that notice of Lis Pendens regarding said matter, dated May 24, 1991, 
and recorded May 28, 1991, in Volume 807, Page 653 of the Official 
Records of Polk County, Texas.
    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 25, 1995 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 [[Page 10415]] 
    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, 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 Internal Revenue Code of 1986 (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, 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: February 17, 1995.

Resolution Trust Corporation.
William J. Tricarico,
Assistant Secretary.
[FR Doc. 95-4477 Filed 2-23-95; 8:45 am]
BILLING CODE 6714-01-M