Transfer of Federally Assisted Land or Facility Publication: Federal Register Agency: Federal Transit Administration Byline: Thomas J. Ryan Date: 17 July 1995 Subject: American Government

[Federal Register Volume 60, Number 136 (Monday, July 17, 1995)]
[Notices]
[Pages 36456-36457]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-17425]



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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: The Federal Transit Laws permit 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 

[[Page 36457]]
the asset for Federal use. Accordingly, FTA is issuing this Notice to 
advise Federal agencies that the New Jersey Transit intends to transfer 
the Union City Bus Maintenance Facility on New York Avenue in Union 
City, New Jersey to the City of Union City.

DATES: Any Federal agency interested in acquiring the land or facility 
must notify the FTA, Region II, of its interest, by August 16, 1995.

ADDRESSES: Interested parties should notify the Regional Office by 
writing the Federal Transit Administration, 26 Federal Plaza, Suite 
2940, New York, N.Y. 10278.

FOR FURTHER INFORMATION CONTACT: Hans Point Du Jour, FTA, Region II, 
212-264-8162 or Ann Catlin, Office of Grants Management at 202-366-
1647.

SUPPLEMENTARY INFORMATION:

Background

    49 U.S.C. section 5334(g) (formerly, Section 12(k) of the FT Act, 
as amended) provides guidance on the transfer of capital assets. 
Specifically, if a recipient of FTA assistance determines that capital 
assets (including land) acquired, in whole or part, with such 
assistance are no longer needed for the purposes for which they were 
acquired, the Administrator may authorize the transfer of such assets 
to any public body to be used for any public purpose with no further 
obligation to the Federal Government.

Section 5334 (g) Determinations

    The provision also provides that before the FTA may authorize such 
a transfer, the FTA must first determine that:
    (A) The asset being transferred will remain in public use for not 
less than 5 years after the date of the transfer;
    (B) There are no purposes eligible for assistance under the Federal 
Transit Laws for which the asset should be used;
    (C) The overall benefit of allowing the transfer outweighs the 
Federal Government interest in liquidation and return of the Federal 
financial interest in the asset, after consideration of fair market 
value and other factors; and
    (D) In any case in which the asset is a facility or land, there is 
no interest in acquiring the asset for Federal use.

Federal Interest in Acquiring Land or Facility

    This document implements the requirements of 49 U.S.C. section 
5334(g) (1) (D). 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 section 49 U.S.C. section 5334(g) (1) (A) through (C) are 
met before permitting the asset to be transferred.

Additional Description of Land or Facility

    The subject building is located at 2701 New York Avenue, Union 
City, New Jersey, on approximately 3 acres of land. The building was 
built in stages between 1896 and 1928 as a trolley maintenance 
facility. It has approximately 131,000 square feet of building area 
overall with 7 bus bays available for storage and service.

    Issued On: July 11, 1995.
Thomas J. Ryan,
Regional Administrator, TRO-II.
[FR Doc. 95-17425 Filed 7-14-95; 8:45 am]
BILLING CODE 4910-57-P