R.J. Corman Railroad Group, LLC and R.J. Corman Railroad Company, LLC-Acquisition of Control Exemption-Nashville and Western Railroad Corp. and Nashville & Eastern Railroad Corp., 59442-59443 [2018-25574]

Download as PDF 59442 Federal Register / Vol. 83, No. 226 / Friday, November 23, 2018 / Notices This certification shall be published in the Federal Register and, along with the accompanying Memorandum of Justification, shall be reported to Congress. Administration, 409 3rd Street SW, Washington, DC 20416. FOR FURTHER INFORMATION CONTACT: Mary Frias, Loan Specialist, Office of Financial Assistance, mary.frias@ sba.gov 202–401–8234, or Curtis B. Rich, Management Analyst, 202–205– 7030, curtis.rich@sba.gov. SUPPLEMENTARY INFORMATION: The servicing agent agreement is executed by the borrower, and the certified development company as the loan servicing agent. The agreement is primarily used by the certified development company as the loan servicing agent and acknowledges the imposition of various fees allowed in SBA’s 504 loan program. Dated: September 20, 2018. John J. Sullivan, Deputy Secretary of State. [FR Doc. 2018–25563 Filed 11–21–18; 8:45 am] BILLING CODE 4710–31–P SURFACE TRANSPORTATION BOARD [Docket No. FD 36237] Solicitation of Public Comments SBA is requesting comments on (a) Whether the collection of information is necessary for the agency to properly perform its functions; (b) whether the burden estimates are accurate; (c) whether there are ways to minimize the burden, including through the use of automated techniques or other forms of information technology; and (d) whether there are ways to enhance the quality, utility, and clarity of the information. Summary of Information Collection Title: Servicing Agent Agreement. Description of Respondents: SBA Borrowers. Form Number: SBA Form 1506. Total Estimated Annual Responses: 6,151. Total Estimated Annual Hour Burden: 6,151. Curtis Rich, Management Analyst. [FR Doc. 2018–25513 Filed 11–21–18; 8:45 am] BILLING CODE 8025–01–P DEPARTMENT OF STATE [Public Notice 10616] amozie on DSK3GDR082PROD with NOTICES1 Certification Pursuant to Section 704 I(F)(3) of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2018 By virtue of the authority vested in me under section 7041(f)(3) of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2018 (Div. K, Pub. L. 115–141) (SFOAA) and Department of State Delegation of Authority 245–2, I hereby certify that all practicable steps have been taken to ensure that mechanisms are in place for monitoring, oversight, and control of funds made available by section 7041(f) of the SFOAA for assistance for Libya. VerDate Sep<11>2014 18:33 Nov 21, 2018 Jkt 247001 Tulsa-Sapulpa Union Railway Company, L.L.C.—Lease Renewal Exemption With Interchange Commitment—Union Pacific Railroad Company Tulsa-Sapulpa Union Railway Company, L.L.C. (TSU), a Class III rail carrier, has filed a verified notice of exemption under 49 CFR 1150.41 to renew its lease of approximately 12.86 miles of railroad line owned by Union Pacific Railroad Company (UP), located in Tulsa County, Okla. (the Line). The Line, known as the Jenks Industrial Lead, extends from milepost 136.40 near the Kimberly Clark facility in Jenks, Okla., to the end of UP’s ownership at milepost 149.26 and the connection with UP’s trackage rights over BNSF Railway Company in Tulsa, Okla. TSU states that it and UP previously executed a lease agreement regarding the Line in 2001.1 TSU states that the new lease agreement, dated as of December 21, 2018, has an initial fiveyear term that may be extended by TSU for an additional 15 years. TSU certifies that its projected annual revenues from this transaction will not result in its becoming a Class I or Class II rail carrier and will not exceed $5 million. As required under 49 CFR 1150.43(h)(1), TSU has disclosed in its verified notice that the lease renewal agreement contains an interchange commitment that charges TSU an asset use fee for carloads that originate or terminate on the Line that are not interchanged to UP.2 TSU has provided additional information regarding the interchange commitment as required by 49 CFR 1150.43(h). TSU states in its verified notice that it intends to consummate the proposed lease renewal on or shortly after December 21, 2018. The earliest this 1 Tulsa-Sapulpa Union Ry.—Lease & Operation Exemption—Union Pac. R.R., FD 33974 (STB served Dec. 26, 2000, corrected Feb. 12, 2001). 2 TSU submitted under seal a copy of the lease renewal agreement with its verified notice of exemption. PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 transaction may be consummated is December 7, 2018 (30 days after the verified notice was filed). If the verified notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the effectiveness of the exemption. Petitions to stay must be filed no later than November 30, 2018 (at least seven days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to Docket No. FD 36237, must be filed with the Surface Transportation Board, 395 E Street SW, Washington, DC 20423–0001. In addition, a copy of each pleading must be served on TSU’s representative, Audrey L. Brodrick, Fletcher & Sippel LLC, 29 North Wacker Drive, Suite 800, Chicago, IL 60606–3208. According to TSU, this action is categorically excluded from environmental review under 49 CFR 1105.6(c) and from historic reporting under 49 CFR 1105.8(b). Board decisions and notices are available on our website at www.stb.gov. Decided: November 19, 2018. By the Board, Scott M. Zimmerman, Acting Director, Office of Proceedings. Aretha Laws-Byrum, Clearance Clerk. [FR Doc. 2018–25529 Filed 11–21–18; 8:45 am] BILLING CODE 4915–01–P SURFACE TRANSPORTATION BOARD [Docket No. FD 36250] R.J. Corman Railroad Group, LLC and R.J. Corman Railroad Company, LLC— Acquisition of Control Exemption— Nashville and Western Railroad Corp. and Nashville & Eastern Railroad Corp. R.J. Corman Railroad Group, LLC (RJCG), a noncarrier holding company, and its wholly owned subsidiary, R.J. Corman Railroad Company, LLC (RJCR), have jointly filed a verified notice of exemption pursuant to 49 CFR 1180.2(d)(2) to acquire control of two Class III railroads, Nashville and Western Railroad Corp. (NWRR) and Nashville & Eastern Railroad Corp. (NERR). NWRR and NERR are currently controlled by William J. Drunsic.1 RJCG and RJCR currently control 12 Class III railroads.2 RJCG and RJCR state 1 See William J. Drunsic—Continuance in Control Exemption—Nashville & W. R.R., FD 33910 (STB served Aug. 4, 2000). 2 Two of the 12, R.J. Corman Railroad Property, LLC, and R.J. Corman Railroad Company/Ashland, E:\FR\FM\23NON1.SGM 23NON1 Federal Register / Vol. 83, No. 226 / Friday, November 23, 2018 / Notices amozie on DSK3GDR082PROD with NOTICES1 that NWRR operates a 28-mile line owned by the Cheatham County Rail Authority extending between Tennessee Central milepost 205.76 at Nashville, Tenn., and Tennessee Central milepost 185 at Ashland City, Tenn. RJCG and RJCR state that NERR operates rail lines owned by the Nashville and Eastern Railroad Authority totaling approximately 130.2 miles, extending between (1) milepost 0.35 at Nashville and milepost 110.5 at Monterey, Tenn., (2) milepost 189.5 at Vine Hill, Tenn., and 194.1 at Southern Junction, Tenn., (3) milepost NX 0.00 at Carthage Junction, Tenn., and milepost NX 7.56 at Carthage, Tenn., and (4) milepost 0.1 at Donelson, Tenn., and milepost 8.0 at Old Hickory, Tenn. RJCG and RJCR have signed a Plan of Merger and Sale and Purchase of Equity Interests (Agreement) 3 with NWRR and NERR by which RJCG and RJCR will acquire control of NWRR and NERR through the purchase of 100% of their issued and outstanding stock.4 The earliest the transaction could be consummated is December 9, 2018, the effective date of the exemption (30 days after the verified notice was filed). RJCG and RJCR state that the transaction is scheduled to be finalized during the first quarter of 2019. RJCG and RJCR certify that: (i) NWRR and NERR do not connect with each other or any of the RJC Railroads; (ii) the proposed transaction is not part of a series of anticipated transactions that would connect some or all of these railroads; and (iii) the transaction does not involve a Class I carrier. Therefore, the transaction is exempt from the requirements of 49 U.S.C. 11323. See 49 CFR 1180.2(d)(2). Under 49 U.S.C. 10502(g), the Board may not use its exemption authority to LLC, are non-operating carriers. The other 10 operating railroads include R.J. Corman Railroad Company/Western Ohio Line, Inc., R.J. Corman Railroad Company/Pennsylvania Lines, Inc., R.J. Corman Railroad Company/Allentown Lines, Inc., R.J. Corman Railroad Company/Bardstown Line, Inc., R.J. Corman Railroad Company/Cleveland Line, Inc., R.J. Corman Railroad Company/Carolina Lines, LLC, R.J. Corman Railroad Company/Central Kentucky Lines, LLC, R.J. Corman Railroad Company/Texas Lines, LLC, R.J. Corman Railroad Company/Tennessee Terminal, LLC, and R.J. Corman Railroad Company/Memphis Line, Inc., (collectively, RJC Railroads). 3 An unredacted copy of the Agreement was filed concurrently under seal, along with a motion for protective order, which will be addressed in a separate decision. 4 RJCG and RJCR indicate that they will purchase the stock of NERR through the creation of a holding company, RJCN, Inc., and its wholly owned entity, RJCMS, Inc., which will be merged into NERR simultaneously, with NERR as the surviving entity. RJCG and RJCR will purchase the stock of NWRR by merging NWRR with newly created entity RJCWMS, Inc., which will be the surviving entity with the name reverting to NWRR. VerDate Sep<11>2014 18:33 Nov 21, 2018 Jkt 247001 relieve a rail carrier of its statutory obligation to protect the interests of its employees. Section 11326(c), however, does not provide for the labor protection for transactions under sections 11324 and 11325 that involve only Class III rail carriers. Therefore, because this transaction involves only Class III rail carriers, the Board may not impose labor protective conditions for this transaction. If the verified notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the transaction. Petitions to stay must be filed no later than November 30, 2018 (at least seven days before the exemption becomes effective). An original and ten copies of all pleadings, referring to Docket No. FD 36250, must be filed with the Surface Transportation Board, 395 E Street SW, Washington, DC 20423–0001. In addition, a copy of each pleading must be served on David R. Irvin, Esq., Moynahan, Irvin & Mooney P.S.C., 110 N Main Street, Nicholasville, KY 40356. Board decisions and notices are available on our website at www.stb.gov. Decided: November 19, 2018. By the Board, Scott M. Zimmerman, Acting Director, Office of Proceedings. Kenyatta Clay, Clearance Clerk. [FR Doc. 2018–25574 Filed 11–21–18; 8:45 am] BILLING CODE P SURFACE TRANSPORTATION BOARD [Docket No. FD 36243] Watco Holdings, Inc.—Continuance in Control Exemption—Ithaca Central Railroad, LLC Watco Holdings Inc. (Watco), a noncarrier, has filed a verified notice of exemption under 49 CFR 1180.2(d)(2) to continue in control of Ithaca Central Railroad, LLC (ICR), upon ICR’s becoming a Class III rail carrier. Watco owns, indirectly, 100% of the issued and outstanding stock of ICR. This transaction is related to a verified notice of exemption filed concurrently in Ithaca Central Railroad, LLC—Lease & Operation Exemption— Norfolk Southern Railway, Docket No. FD 36238, by which ICR seeks Board approval to lease from Norfolk Southern Railway Company (NSR) and operate approximately 48.8 miles of rail line between milepost 272.2 in Sayre, Pa. and milepost 321.0 in Lansing, N.Y. PO 00000 Frm 00090 Fmt 4703 Sfmt 4703 59443 The transaction may be consummated on or after December 8, 2018, the effective date of the exemption (30 days after the verified notice of exemption was filed). According to the verified notice of exemption, Watco currently controls indirectly 38 Class III railroads and one Class II railroad, collectively operating in 25 states. For a complete list of these rail carriers and the states in which they operate, see the November 8, 2018 verified notice of exemption at pages 4– 11. The verified notice is available on the Board’s website at www.stb.gov. Watco represents that: (1) The rail line to be operated by ICR does not connect with any of the rail lines operated by railroads in the Watco corporate family; (2) this transaction is not part of a series of anticipated transactions that would connect ICR with any railroad in the Watco corporate family; and (3) the transaction does not involve a Class I rail carrier. The proposed transaction is therefore exempt from the prior approval requirements of 49 U.S.C. 11323 pursuant to 49 CFR 1180.2(d)(2). Watco states that the purpose of the transaction is to reduce overhead expenses and coordinate billing, maintenance, mechanical and personnel policies and procedures of its rail carrier subsidiaries, and thereby improve the overall efficiency of rail service provided by the railroads in the Watco corporate family. Under 49 U.S.C. 10502(g), the Board may not use its exemption authority to relieve a rail carrier of its statutory obligation to protect the interests of its employees. Because the transaction involves the control of one Class II and one or more Class III rail carriers, the transaction is subject to the labor protection requirements of 49 U.S.C. 11326(b) and Wisconsin Central Ltd.— Acquisition Exemption—Lines of Union Pacific Railroad, 2 S.T.B. 218 (1997). If the verified notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the effectiveness of the exemption. Petitions for stay must be filed no later than November 30, 2018 (at least seven days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to Docket No. FD 36243, must be filed with the Surface Transportation Board, 395 E Street SW, Washington, DC 20423–0001. In addition, one copy of each pleading must be served on Karl Morell & Associates, 440 1st Street NW, Suite 440, Washington, DC 20001. E:\FR\FM\23NON1.SGM 23NON1

Agencies

[Federal Register Volume 83, Number 226 (Friday, November 23, 2018)]
[Notices]
[Pages 59442-59443]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-25574]


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SURFACE TRANSPORTATION BOARD

[Docket No. FD 36250]


R.J. Corman Railroad Group, LLC and R.J. Corman Railroad Company, 
LLC--Acquisition of Control Exemption--Nashville and Western Railroad 
Corp. and Nashville & Eastern Railroad Corp.

    R.J. Corman Railroad Group, LLC (RJCG), a noncarrier holding 
company, and its wholly owned subsidiary, R.J. Corman Railroad Company, 
LLC (RJCR), have jointly filed a verified notice of exemption pursuant 
to 49 CFR 1180.2(d)(2) to acquire control of two Class III railroads, 
Nashville and Western Railroad Corp. (NWRR) and Nashville & Eastern 
Railroad Corp. (NERR). NWRR and NERR are currently controlled by 
William J. Drunsic.\1\
---------------------------------------------------------------------------

    \1\ See William J. Drunsic--Continuance in Control Exemption--
Nashville & W. R.R., FD 33910 (STB served Aug. 4, 2000).
---------------------------------------------------------------------------

    RJCG and RJCR currently control 12 Class III railroads.\2\ RJCG and 
RJCR state

[[Page 59443]]

that NWRR operates a 28-mile line owned by the Cheatham County Rail 
Authority extending between Tennessee Central milepost 205.76 at 
Nashville, Tenn., and Tennessee Central milepost 185 at Ashland City, 
Tenn. RJCG and RJCR state that NERR operates rail lines owned by the 
Nashville and Eastern Railroad Authority totaling approximately 130.2 
miles, extending between (1) milepost 0.35 at Nashville and milepost 
110.5 at Monterey, Tenn., (2) milepost 189.5 at Vine Hill, Tenn., and 
194.1 at Southern Junction, Tenn., (3) milepost NX 0.00 at Carthage 
Junction, Tenn., and milepost NX 7.56 at Carthage, Tenn., and (4) 
milepost 0.1 at Donelson, Tenn., and milepost 8.0 at Old Hickory, Tenn.
---------------------------------------------------------------------------

    \2\ Two of the 12, R.J. Corman Railroad Property, LLC, and R.J. 
Corman Railroad Company/Ashland, LLC, are non-operating carriers. 
The other 10 operating railroads include R.J. Corman Railroad 
Company/Western Ohio Line, Inc., R.J. Corman Railroad Company/
Pennsylvania Lines, Inc., R.J. Corman Railroad Company/Allentown 
Lines, Inc., R.J. Corman Railroad Company/Bardstown Line, Inc., R.J. 
Corman Railroad Company/Cleveland Line, Inc., R.J. Corman Railroad 
Company/Carolina Lines, LLC, R.J. Corman Railroad Company/Central 
Kentucky Lines, LLC, R.J. Corman Railroad Company/Texas Lines, LLC, 
R.J. Corman Railroad Company/Tennessee Terminal, LLC, and R.J. 
Corman Railroad Company/Memphis Line, Inc., (collectively, RJC 
Railroads).
---------------------------------------------------------------------------

    RJCG and RJCR have signed a Plan of Merger and Sale and Purchase of 
Equity Interests (Agreement) \3\ with NWRR and NERR by which RJCG and 
RJCR will acquire control of NWRR and NERR through the purchase of 100% 
of their issued and outstanding stock.\4\
---------------------------------------------------------------------------

    \3\ An unredacted copy of the Agreement was filed concurrently 
under seal, along with a motion for protective order, which will be 
addressed in a separate decision.
    \4\ RJCG and RJCR indicate that they will purchase the stock of 
NERR through the creation of a holding company, RJCN, Inc., and its 
wholly owned entity, RJCMS, Inc., which will be merged into NERR 
simultaneously, with NERR as the surviving entity. RJCG and RJCR 
will purchase the stock of NWRR by merging NWRR with newly created 
entity RJCWMS, Inc., which will be the surviving entity with the 
name reverting to NWRR.
---------------------------------------------------------------------------

    The earliest the transaction could be consummated is December 9, 
2018, the effective date of the exemption (30 days after the verified 
notice was filed). RJCG and RJCR state that the transaction is 
scheduled to be finalized during the first quarter of 2019.
    RJCG and RJCR certify that: (i) NWRR and NERR do not connect with 
each other or any of the RJC Railroads; (ii) the proposed transaction 
is not part of a series of anticipated transactions that would connect 
some or all of these railroads; and (iii) the transaction does not 
involve a Class I carrier. Therefore, the transaction is exempt from 
the requirements of 49 U.S.C. 11323. See 49 CFR 1180.2(d)(2).
    Under 49 U.S.C. 10502(g), the Board may not use its exemption 
authority to relieve a rail carrier of its statutory obligation to 
protect the interests of its employees. Section 11326(c), however, does 
not provide for the labor protection for transactions under sections 
11324 and 11325 that involve only Class III rail carriers. Therefore, 
because this transaction involves only Class III rail carriers, the 
Board may not impose labor protective conditions for this transaction.
    If the verified notice contains false or misleading information, 
the exemption is void ab initio. Petitions to revoke the exemption 
under 49 U.S.C. 10502(d) may be filed at any time. The filing of a 
petition to revoke will not automatically stay the transaction. 
Petitions to stay must be filed no later than November 30, 2018 (at 
least seven days before the exemption becomes effective).
    An original and ten copies of all pleadings, referring to Docket 
No. FD 36250, must be filed with the Surface Transportation Board, 395 
E Street SW, Washington, DC 20423-0001. In addition, a copy of each 
pleading must be served on David R. Irvin, Esq., Moynahan, Irvin & 
Mooney P.S.C., 110 N Main Street, Nicholasville, KY 40356.
    Board decisions and notices are available on our website at 
www.stb.gov.

    Decided: November 19, 2018.

    By the Board, Scott M. Zimmerman, Acting Director, Office of 
Proceedings.
Kenyatta Clay,
Clearance Clerk.
[FR Doc. 2018-25574 Filed 11-21-18; 8:45 am]
BILLING CODE P
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