Federal Register / Vol. 60, No. 9 / Friday, January 13, 1995 / Notices 3255

Bldg. 25

Argonne National Laboratory

Argonne Co: DuPage IL 60439–

Landholding Agency: Energy

Property Number: 419510002

Status: Unutilized

Reason: Extensive deterioration

Bldg. 822

Argonne National Laboratory

Argonne Co: DuPage IL 60439–

Landholding Agency: Energy

Property Number: 419510003

Status: Unutilized

Reason: Extensive deterioration

Bldg. 823

Argonne National Laboratory

Argonne Co: DuPage IL 60439–

Landholding Agency: Energy

Property Number: 419510004

Status: Unutilized

Reason: Extensive deterioration

New York

Point AuRoche Light

Beekmantown Co: Clinton NY 12901–

Landholding Agency: GSA

Property Number: 879420002

Status: Excess

Reason: Floodway, Extensive deterioration,

GSA Number: 2–4–NY–817.

[FR Doc. 95–799 Filed 1–12–95; 8:45 am]

BILLING CODE 4210–29–M

Office of the Assistant Secretary for

Housing-Federal Housing

Commissioner

[Docket No. N–95–3866; FR–3850–N–01]

Notice of Sale of HUD-Held Multifamily

Mortgage Loans

AGENCY: Office of the Assistant

Secretary for Housing-Federal Housing

Commissioner, HUD.

ACTION: Notice of sale of mortgage loans.

SUMMARY: This notice announces the

Department’s intention to sell

nonperforming, unsubsidized mortgage

loans, without Federal Housing

Administration (FHA) insurance, in a

competitive auction. This notice also

describes the bidding process for these

loans. This notice ensures compliance

with the Department’s mortgage sale

regulations.

DATES: Bid Packages will be available in

February 1995.

ADDRESSES: Interested parties may

request a Bid Package by sending a

written notice to Hamilton Securities

Group, Inc., 1410 Q Street, NW.,

Washington, DC 20009, Attention: Mr.

Richard Karsch. When the information

is available, it will be forwarded by

regular mail. Parties may make special

arrangements to receive the information

through the post office’s next- or

second-day services.

A due diligence facility will be

located at 733 15th Street, NW., Suite

800, Washington, DC 20005. The facility

will be open to the public between the

hours of 9 a.m. and 6 p.m., Monday

through Friday. Interested parties

wanting access to the facility must

contact Mr. Ron Hughes at (202) 639–

9700, to schedule access time.

FOR FURTHER INFORMATION CONTACT:

William Richbourg, Office of the

Housing-FHA Comptroller, Room 5144,

Department of Housing and Urban

Development, 451 Seventh Street, SW.,

Washington, DC 20410; telephone (202)

401–0577. Hearing- or speech-impaired

individuals may call (202) 708–4594

(TDD). These are not toll-free numbers.

SUPPLEMENTARY INFORMATION: In

accordance with the final rule published

in the Federal Register on September

22, 1994 (59 FR 48726) (Mortgage Sale

Regulations), and specifically with

§ 290.202 of that rule (59 FR 48731), the

Department announces its intention to

sell nonperforming, unsubsidized

mortgage loans (Mortgage Loans). The

first of these Mortgage Loans encumber

properties located in the southeastern

United States (Southeast Mortgage Sale).

A final listing of the specific properties

involved in the Southeast Mortgage Sale

will be included in the Bid Package. The

Mortgage Loans will be sold without

Federal Housing Administration (FHA)

insurance. The Department will offer

interested parties an opportunity to bid

competitively on the Mortgage Loans.

Bids may be offered for one or all of the

Mortgage Loans, as well as for any

combination of Mortgage Loans. The

Department will accept those bids that

optimize the gross proceeds from the

sale.

The Bidding Process

The Department will describe the

procedure for participating in the

Southeast Mortgage Sale in a Bid

Package, which will include a

standardized nonnegotiable loan sale

agreement (Sales Agreement), as well as

pertinent information concerning each

of the Mortgage Loans, such as the

unpaid principal balance and interest

rate. The Department will distribute the

Bid Package for a period of 6 weeks

prior to the date that bids are due (Bid

Date). Bid Packages will be available in

February 1995. Interested parties may

request a Bid Package by sending a

written notice to the address specified

in the ADDRESSES section, above, of this

notice.

Bidders must include a 5 percent

deposit with their bids. If a bidder

submits multiple bids, the deposit will

be limited to 5 percent of the bidder’s

largest bid amount. The successful

bidders will be notified within 3

business days after the Bid Date (Award

Date). An additional 5 percent deposit is

required from each successful bidder

within 2 business days after the Award

Date. If a bidder submits multiple bids,

the additional deposit will be limited to

5 percent of the bidder’s largest bid

amount. The Department will assign its

interest in a Mortgage Loan to a

successful bidder 60 days after the

Award Date. If the successful bidder

fails to abide by the terms of the Sales

Agreement, including paying the

Department any remaining sums due

pursuant to the Sales Agreement and

closing within the time period provided

by the Sales Agreement, the Department

shall retain and accept as liquidated

damages any deposit from the

successful bidder.

Due Diligence Facility

During the 6 week distribution period

for Bid Packages, a due diligence facility

will be available to interested parties, at

which the Department will provide

information such as environmental and

title reports and market data. The

facility will be located at the address

specified in the ADDRESSES section,

above, of this notice. The Department

anticipates that information will be

available in both electronic and hard

copy forms. The Department reserves

the right to charge a reasonable fee to

recover its costs in duplicating and

forwarding any information requested

by an interested party.

Mortgage Sale Policy

The Department reserves the right to

add or delete Mortgage Loans to the

Southeast Mortgage Sale at any time

prior to the sale. The Department also

reserves the right to reject any and all

bids, without prejudice to the

Department’s right to include any

Mortgage Loans in a later sale.

Persons or entities that are debarred

from doing business with the

Department, pursuant to 24 CFR part 24,

may not participate in this sale.

These are the essential terms of sale;

the Sales Agreement will provide

additional details. To ensure a

competitive bidding process, the terms

of sale are not subject to negotiation.

This notice is to ensure compliance

with the Mortgage Sale Regulations.

These regulations were promulgated in

consideration of the settlement that the

Department entered into in Walker v.

Kemp, No. C 87 2628 RFP (N.D. Cal.).

In settling the matter, the Department

agreed, with regard to specific

mortgages, to consider, prior to the sale

of such mortgages, certain factors

pertaining to the protection of tenant

interests in subsidized projects with
3256 Federal Register / Vol. 60, No. 9 / Friday, January 13, 1995 / Notices

HUD-held mortgage loans. By following

the Mortgage Sale Regulations, the

Department is in compliance with the

terms of the settlement.

This is a sale of nonperforming,

unsubsidized mortgage loans. Therefore,

the Department has determined that

pursuant to the Mortgage Sale

Regulations, these loans may be sold

without FHA insurance. At this time,

the Department knows of no Mortgage

Loans securing projects (1) for which

foreclosure appears unavoidable, and (2)

in which reside very low-income

tenants who are not receiving housing

assistance and would be likely to pay

rent in excess of 30 percent of their

adjusted monthly income if HUD sold

the mortgage (59 FR 48731, § 290.202).

If the Department determines that there

are any such Mortgage Loans, they will

be removed from this sale.

Mortgage Loan Sale Procedure

The Department selected a

competitive auction as the method to

sell the Mortgage Loans primarily to

satisfy the Mortgage Sale Regulations.

These regulations require that, except

under certain limited circumstances,

mortgages must be sold on a competitive

basis (59 FR 48730, § 290.200(a)). This

method of sale optimizes the

Department’s return on the sale of these

Mortgage Loans, affords the greatest

opportunity for all interested parties to

bid on the Mortgage Loans, and

provides the quickest and most efficient

vehicle for the Department to dispose of

the Mortgage Loans.

The Department previously

considered and discussed with industry

participants a loan sale procedure that

afforded the borrowers the opportunity

to acquire their Mortgage Loans on a

noncompetitive basis prior to offering

the Mortgage Loans for sale to all other

interested parties (Borrower Settlement

Option). For the reason set forth above,

however, the Department decided to

dispose of these Mortgage Loans

through a competitive auction.

Application of Replacement Reserve to

Indebtedness

Before a Mortgage Loan is assigned to

a successful bidder, the Department will

apply the funds in the replacement

reserve account to the amount due the

Department under the mortgage. The

Department decided to take this action

because it is selling the Mortgage Loans

without insurance, and thus the

regulatory agreements terminate when

the Department assigns the Mortgage

Loans to the successful bidders.

Scope of Notice

This notice applies to the Southeast

Mortgage Sale, and odes not establish

the Department’s policy for the sale of

other mortgage loans.

Dated: January 9, 1995.

Nicolas P. Retsinas,

Assistant Secretary for Housing-Federal

Housing Commissioner.

[FR Doc. 95–957 Filed 1–12–95; 8:45 am]

BILLING CODE 4210–27–M

DEPARTMENT OF THE INTERIOR

Bureau of Land Management

[WY–030–94–5101–10–K014; WYW–130382]

Kenetech Windpower, Wyoming Wind

Energy Project; Availability of Draft

Environmental Impact Statement

AGENCIES: Bureau of Land Management,

Interior.

ACTION: Notice of Availability of Draft

Environmental Impact Statement (DEIS)

for the Kenetech Windpower, Wyoming

Wind Energy Project, Carbon County,

Wyoming.

SUMMARY: Under section 102(2)(C) of the

National Environmental Policy Act

(NEPA) of 1969 as amended, the Bureau

of Land Management, Rawlins District

Office has prepared a DEIS on the

potential impacts of a proposed wind

energy project. A total of 1,390 wind

turbines and associated facilities

(including approximately 29 miles of

230 kV powerline) would be

constructed on 62,000 acres (25,091

hectares) of private, Federal and State

lands, over a 10–12 year development

period, in Carbon County, Wyoming. If

the project is approved, the BLM will

issue a right-of-way grant under section

501 of the Federal Land Policy and

Management Act of 1976 for the wind

energy facilities and powerline. The

U.S. Bonneville Power Administration

(BPA) is a cooperating agency and will

base a decision to purchase 25 MW of

power, under Public Law 96–501, upon

this analysis.

DATES: Comments on the DEIS will be

accepted through March 20, 1995.

Public Meetings will be held at the

Jeffrey Center, Third and Spruce Streets,

Rawlins, Wyoming, on February 8,

1995, at 7:00 p.m., and on February 9,

1995, at the Albany County Public

Library, Large Meeting Room, 310 S. 8th

Street, Laramie, Wyoming, at 7:00 p.m.

ADDRESSES: Comments should be sent to

Bureau of Land Management, Rawlins

District Office, Walter E. George, Project

Leader, 1300 3rd Street, P.O. Box 670,

Rawlins, Wyoming 82301 or Bonneville

Power Administration, Richard Stone,

Environmental Specialist (ECN–3), P.O.

Box 3621, Portland, Oregon 97208.

FOR FURTHER INFORMATION CONTACT:

Bureau of Land Management, Walter E.

George, Project Leader, 1300 3rd Street,

P.O. Box 670, Rawlins, Wyoming 82301,

phone number 307–324–7171 or

Bonneville Power Administration,

Richard Stone, Environmental Specialist

(ECN–3), P.O. Box 3621, Portland,

Oregon 97208, phone number 503–230–

3797.

SUPPLEMENTARY INFORMATION: Kenetech

Windpower proposes to construct a 500

(MW) Wind Energy Project to be located

on Foote Creek Rim and Simpson Ridge

in Carbon County, Wyoming. The

project area is located approximately 40

miles (64.36 Km) southeast of Rawlins,

and 40 miles (64.36 Km) northwest of

Laramie, Wyoming. The Foote Creek

Rim portion is in all or portions of

approximately 10 sections in Townships

l9N and 20N, Ranges 78W and 79W

north and west of Arlington. The

Simpson Ridge portion is in all or

portions of 92 sections in Townships

20N, 21N, and 22N, Ranges 80W and

81W south of Hanna. Land ownership in

the project area is approximately 62

percent private, 28 percent public

(administered by BLM), and 10 percent

State of Wyoming.

The project will be constructed in

phases over a 10–12 year period. The

first phase, involving 70.5 MW of

electrical power generated by 201 Wind

Turbine Generators (WTGs), would be

constructed on Foote Creek Rim in

1995–1996. Later phases would involve

50 MW (approximately 75 WTGs/50

MW) increases per year, as utility

contracts are approved, until the 500

MW capacity is reached (for a total of

1,390 WTGs). BLM would issue Notices

to Proceed for subsequent phases

following a review of site-specific

proposals (Plans of Development) and

monitoring data for consistency with

this analysis. Ancillary facilities

include, but are not limited to:

1. Above and below-ground electric

2. Communication lines

3. Access roads

4. Substations

5. Control/maintenance building

6. Transformer sites

The Bonneville Power

Administration, Department of Energy, a

Cooperating Agency for the EIS, will

execute a power purchase contract to

purchase 25 MW of electricity from the

Foote Creek Rim phase of the project

under BPA’s Resource Supply

Expansion Program.

The wind turbines will be erected on

80 to 120 feet (24 to 37 meters) tubular