[Federal Register Volume 61, Number 82 (Friday, April 26, 1996)]
[Notices]
[Page 18598]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-10333]



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FEDERAL DEPOSIT INSURANCE CORPORATION


Coastal Barrier Improvement Act; Property Availability: Hanover 
Run/Myrtle Point, St. Mary's County, MD

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice.

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SUMMARY: Notice is hereby given that the property known as Hanover Run/
Myrtle Point, located in California, St. Mary's County, Maryland, is 
affected by Section 10 of the Coastal Barrier Improvement Act of 1990 
as specified below. This Notice supersedes the previous Notice 
affecting this property which was published in the Federal Register on 
December 27, 1995 (60 FR 67000) by the Resolution Trust Corporation.

DATES: Written notice of serious interest to purchase or effect other 
transfer of all or any portion of this property may be mailed or faxed 
to the FDIC until July 25, 1996.

ADDRESSES: Copies of detailed descriptions of this property, including 
maps, may be obtained from or are available for inspection by 
contacting the following person: Mr. R. Allen Smith, Federal Deposit 
Insurance Corporation, Southeast Service Center, 100 Colony Square, 
Suite 2300, Box 68, Atlanta, Georgia 30361, (404) 881-5167; Fax (404) 
881-5190.

SUPPLEMENTARY INFORMATION:
The Hanover Run/Myrtle Point property is located on Patuxent Boulevard 
north of Maryland Route 4 and south of Mill Creek and the Patuxent 
River, St. Mary's County, Maryland. The site consists of approximately 
500 acres of undeveloped land that is almost completely forested. This 
property contains wetlands, salt ponds, archaeological resources of 
early native American culture, and two 17th century plantations near 
the colonial port of Harveytown. The northern and eastern portions of 
the site which border the Patuxent River, Sam Abel Cove, Mill Creek, 
and Little Kingston Creek are situated within undeveloped floodplains. 
The Hanover Run/Myrtle Point property is adjacent to Clark's Landing 
which is managed by the Department of Recreation and Parks of St. 
Mary's County for recreational purposes. A portion of this property is 
covered by an option to purchase in favor of a third party as set forth 
in that certain Contract for Sale between Route 347 Realty Corporation 
and Kingston Creek Development Corporation dated December 30, 1986, and 
as further described in that certain Opinion and Order of Court dated 
January 31, 1992, in a cause entitled ``Route 347 Realty Corporation 
vs. Myrtle Point Limited Partnership'' (Case No. CA 90-40), recorded 
among the Land Records of St. Mary's County in Liber 870, folio 136. 
This property is 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 this property must be received on or 
before July 25, 1996 by the Federal Deposit Insurance Corporation at 
the appropriate address stated above.

Eligible Entities

    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,
3. ``Qualified organizations'' pursuant to section 170(h)(3) of the 
Internal Revenue Code of 1986 (26 U.S.C. 170(h)(3)).

Form of Notice

    Written notices of serious interest must be submitted in the 
following form:

Notice of Serious Interest

RE: Hanover Run/Myrtle Point
Federal Register Publication Date: April 26, 1996

    1. Entity name.
    2. Declaration of eligibility to submit Notice under criteria set 
forth in the Coastal Barrier Improvement Act of 1990, Public Law 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 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, santuary, 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 delcaration of entity that 
it will accept the placement, by the FDIC, 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: April 18, 1996.
Federal Deposit Insurance Corporation.
Jerry L. Langley,
Executive Secretary.
[FR Doc. 96-10333 Filed 4-25-96; 8:45 am]
BILLING CODE 6714-01-M