Decision 37130
Served (printed as 6/28/2006) · Decision · Director Of Proceedings
(1) POSTPONED THE EFFECTIVE DATE OF THE EXEMPTION AUTHORIZING THE ABANDONMENT TO PERMIT THE OFA PROCESS UNDER 49 U.S.C. 10904 AND 49 CFR 1152.27 TO PROCEED; (2) INSTRUCTED SEASIDE HOLDINGS, INC. AND MCCLOUD RAILWAY COMPANY IF THEY CANNOT AGREE ON THE PURCHASE PRICE, EITHER PARTY MAY REQUEST THE BOARD TO ESTABLISH THE TERMS AND CONDITIONS OF THE PURCHASE PRICE ON OR BEFORE JULY 26, 2006; AND (3) ADVISED THE PARTIES IF NO AGREEMENT IS REACHED AND NO REQUEST IS SUBMITTED BY THAT DATE, THE BOARD WILL SERVE A DECISION VACATING THIS DECISION AND WILL ALLOW THE ABANDONMENT EXEMPTION TO BECOME EFFECTIVE.
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