[Federal Register: August 27, 1999 (Volume 64, Number 166)]
[Notices]               
[Page 46934-46935]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27au99-78]                         

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DEPARTMENT OF THE INTERIOR

Bureau of Land Management
[NV-010-1430-00; N-62824]

 
Notice of Realty Action: Non-Competitive Sale

AGENCY: Bureau of Land Management, DOI.

ACTION: Non-competitive sale of reversionary interest patent number 27-
65-0234.

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SUMMARY: The following described land in Clark County, Nevada, was 
patented to Basic Management Incorporated pursuant to the Act of 
Congress of August 27, 1954 (68 Stat. A223). The patent contained a 
reversionary interest to the United States. Victory Valley Land 
Company, L.P., a successor-in-interest, requests the purchase of the 
reversionary interest at not less than the estimated fair market value 
of $1,515,000.00. The Federal interest has been examined and found 
suitable for sale under the provisions of the Federal Land Policy and 
Management Act (43 CFR 2711.3-3).

Mount Diablo Meridian, Nevada

T. 21 S., R. 63 E.,
    Sec. 33, SE\1/4\SE\1/4\NE\1/4\SW\1/4\, E\1/2\NE\1/4\SE\1/4\SW\1/
4\, NE\1/4\SE\1/4\SE\1/4\SW\1/4\, S\1/2\NW\1/4\SE\1/4\, N\1/2\SW\1/
4\SE\1/4\, N\1/2\S\1/2\SW\1/4\SE\1/4\.
    Containing 60 acres, more or less, identified as Clark County 
Assessor Parcel Number 160-33-801-001.

[[Page 46935]]

    Non-competitive sale procedures are considered appropriate, in this 
case, as the land described above was granted to Basic Management, 
Incorporated, with a clause of reversionary interest to the United 
States.
    The Federal interest has been jointly selected for sale by the unit 
of local government as provided by the Southern Nevada Public Land 
Management Act of 1997 (P.L. 105-263), and is being offered for non-
competitive sale to Victory Valley Land Company, L.P. The property will 
continue to be subject to certain reservations to the United States.
    Detailed information concerning these reservations as well as 
specific conditions of the sale are available for review at the Las 
Vegas Field Office, Bureau of Land Management, 4765 Vegas Drive, Las 
Vegas, Nevada 89108.
    For a period of 45 days from the date of publication of this notice 
in the Federal Register, interested parties may submit comments to the 
Field Manager, Las Vegas Field Office, at the above address. In the 
absence of timely objections, this proposal shall become the final 
determination of the Department of the Interior.

    Dated: August 17, 1999.
Cheryl Ruffridge,
Acting Assistant Field Manager, Las Vegas, NV.
[FR Doc. 99-22267 Filed 8-26-99; 8:45 am]
BILLING CODE 4310-HC-P