You are on page 1of 55

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ENTERED
Ql f•co c r tl1a S'Jcrotnry

t.a\Y 2 3 1984
lfJI\

ll, _ !!!:! l,f", •...;

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P!!Crfll

llr. James n • ..( yne
Acting Secretl y
Interstate Commorce Commission
Room 1312
12th and Constitu tion Avenues , NW
liashingt:on , DC
20423
Roz

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UAII.A;·t!.I£UT
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Application Under Section 3081ol of tbo Rogional
Roil Reorganization Act of 1973 , as cndcted by
Section 1156 of tho Northeast Roil Service Act of
1981 , for abandonment of the Dethlchcm Dranch
in Philadelphia County, Pcnnsylvani.D
Dockot No . AD 167 (Sub No. 690 N)

De ar Hr. Daynoz
Enclosed for filing vith the Commission arc tho original
and six copies of tho above described applica tion .
This
application is submitted under Section 308(c) of tho Regional
Roil Roorgani~otion Act ~ i 1973 , as enacted by Section 1156
of the Northeast Rail Service Act oE 1981 . Notice of Insufficient Revenue was fi led October 31 , 1983 ,

t"C

Copies of tho apUlica tion hove been q9 rvcd on tho
ohtppors and other pcroonrcsignatcd on tho f,ottachmcnt to
tllio l e tter .

n ..

t~ dtol~cdlatra

Ploaso stamp and rctu n
letter to acknowledge receipt . ,
Very truly yours,

rYuWtrt~f'11!~1

Char los E. ~Icc hem /ern~
Senior General Attorno ,I
1138 Six Penn Cantor
aza
Philadelphia, PA 19103
(215) 977-5017
cr.~t/km

Enc los urn a

'w ·:

19a4

lf{JfRs!Art

COMM£1iCE COMJ.l/~~·
....o.v

copy of this

Hay 18 ' 1984.
1'490 2

ccc

Tho Uonor oble Richard L. Thornburgh
Governor, Commonwealth of Pennsylvania
!'tote Capitol
Uorrioburg, PA
17120
Pennsylvania DOT
1200 Tronoportotlrn ond Safety Building
Harrisburg, PA
17120
Pu.b lic Utility Com'llios!on

P . O. Box J2GS

Uorrls~u:~ ,

PA

17120

Rail Services Plannio:g Office
12th and Conotitution Avonueo , 1:11
tio ohington, :lC
20423

!lorry C. Donnie
Office of Federal Asolotanoc
(RPA-23 )
Federal Railroad Administration
400 Seventh Street , SW
l.,oohington, DC
20036
Hr. Woyno A. Hichel
Office of Proceedings
Interotot~ Commorco Commiaoioo
I 2th & Conotitution Avenue , !ni
lioollington, DC
20423
Director , Extcns~on Service
Or. J . M. Beattie
Ag rl . Administration Bldg .
Pennsylvania Stnto Un ive r oity
Univeroity Pork , Po . lfi802
Bureau of Outdoor Rccrootlon
o . s . Dept. of Interior
18th ' Conotitutlon , IIW
l·lnohington , DC
20240
Offioo of the Special Counool
lntorotote Commerce Cernmiosion
Washington, DC
20423

~14y 18' 1984

Pogo 3

Military Troft!c ~lonogoruent
Command - llosaif Duildl.ng - Rooo 720
STOP 105 HT-SA
Washi ngton, DC
20315
No t~onol Railroad Passenger Corporation
400 llorth Capitol Street, NW
Washington , DC
20001

R.oi lroad Retirement Doa r rl
11orth Rus h Stroot
Chicago, IL
fi0611
8 44

Railwa y Labor Exooutivoo Anaoaiation
RDilway Labor Duildlng
400 l at Scroot , rrw
Was hington , DC
200QJ
Willirun D. Parker
Chiof , Harko t Planning

U. S . R. /\,
955 L' Enfan t Plaza , llor t h - SW
Was hington, DC
20595
~lark s. Denne tt
Pr eoidont
Anthracite Railway, Inc .
South Broad Stroot at tho Railroad
Kennett Squa re, PI\
193 48

David F. Conotanoo
Pr osidonrContinon tol Roil Freight Sorvicoa , Inc .
Suite 703
14 5 South Thirteenth Stroot
Philado1phio , PA
19107
G. David Crone
President
Pocono llorthoaot Railway , Inc .
81 We s t Un i on Stroot
Wilkes Do r ro , PI\
18 701

Hoy 18 , 1984
Page 4

Alber t J . Dcrr
Executive Vice Pres iden t
The PhilDdolphio Dol t Line
R11 ilroad Company
c/o Rohm & noaa Pl llnt
Dridge Stroot a t Richmond
Philade l phi a , PA
19137
Eric Cer s t, Esqu i re
Su ite 900 - Phi ladelphia Bour ne
Jndcpcndon cc Mall - East
21 Sou~h Fifth Street
Ph11aclolphi o , PI\
19106
Patrick F . l!eron
Director - Specia l Pr oject s
Philadelph ia I ndus t r i a l
Devel opment Corporation
Suite 1800 - One Eaa t Penn Square
Philadelphia , l'A
19107
James c. Bclluqh
l'reoident
New llopc ~ Ivyl a nd Railroad Company
Hc lluqh Drothcr s Line
152 Monroe Ave nue
P . o. Dox 196
Penndel , PA
19047

c.

sc~ reibe r

Hiller

Ra i l~ 4Y Management As soc iotoo

St . Da vido f~il road Stati on
o. Dox 120
St. Davido , PA
19087 - 0720
P.

William J. Powe r o
Pr e sident
Pa nther Volley Railway ·~ompan}'
404 Old Farm Road
Wyncoto , PA
19095
Thoma n J . Shepstono
Planning C~nsu ~ c ant
830 Cou r ~ Fl- t<Jet
llonesda 1o , PA
18 4 J 1

...

.

Ml!y 1 0, J 98 4

""""

David R. lfasserstrom
President
Contrail llAnagemcnt:
1000 Penn .1-lutual Tower
510 Walnut Street
Philadelphia, Ph
19106

c. A. Wagner ChOJIIical Company
4455 tlorth Sixth Stroot
Phtladelphia, Ph
19140

Contour Packaging Company
637 West Rockland
Philadelphia, PA
19120
John LaRue
Assistant Commerce Director
City of Philadelphia
Room 16GO, HSD
Philadelphia, Ph
19107

ft

• '

DSFORE 'l'liE I~

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LlA( :.! I 914

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INTERSTATe COMltERCE ~SSI~c

,../

APPLICATION OP CONSOLIDATED RAIL
CORPORATION PURBUAtiT TO SEC'l'IOII
308 (c) OP TUE REGIONI\L MIL fiEORGI\NlZATION ACT OF 1973, AS AtmtiDED
BY SECTION 1156 OP TU B NORTIIEAST
MIL SERVICE ACT OP 1!181, FOR
APPROVI\L OF TUB ADAtlDOl-IJ.IENT OP

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-DOCKB'r
"
tiO.

AS 167

(SUB NO. 5!10r;J

TUE DE'l'IILEIIEI4 DRANCIJ Itl

PIIILADELPUIA COUNTY, P£ln1SYLVAtliA

Cho rlos E. llcchen
Conorol Attorney
Conaolidotcd Roll Co~r~tl~
1138 Six Penn Center Pla:a
Phllodolphio, PA
19103
(21 5 1 !177-SOl?

tloy 18, 1984

BEFORE TilE
INTERSTATE COI·IHERC£ C.OW-!l S~ION

APPLICNl'IOl~ OF CONSOLIDATED RAIL
CORPORATION PURSUANT TO SECTIOtl
JOO(c) OF TRE REGIONAL RAIL REORGAII! ZA'l'lON ACT OP 197J 1 AS MIEND£0
BY SlCTI Ot! llSG OF Til£ NORTR£1\ST
RATL SERVICE ACT OF 1981 1 POR
APPnOVi\L OF Tn& IIDAl<OONIU::NT OF
'I'UE llETIIL BIIP.J-1 DRAtiCIJ Itl
PUILADELPIIIA COUNTY 1 PEtlNSYLVANlA
TO 'I'll£

niTERSTATE

1.

CO/-IHERC£ COHMISSION, I-IASIIINGTOI/ , DC 1

The nome of applicant io Consolidated Roil Corpora-

ti on !Conrail) •

Correspondence relating to this application

"hould b e addressed to Charles 1:.

~ .:

ll JB

:.: .

DOCKET 110. AD 167
(SUB 110. 690rl)

Penn

Con tor ,

~techom,

Phi lodolphia ,

General Attorney ,

Pe nn sylva nia

19 103.

Appli c ant in o common ca r rie r by railroad subje ct

to tho Nor theast Roil Service Act of 1981 (llERSA) .
Conrail file <: this app U cation pursuant to Soc:Uon

J.

JOB (c) of tho Rcgiouul Roil Rcorgoniution Act of 197J
Act) ,

11a

omondod by So C> tion ll 56 of IIERSJ\ .

IRRR

A copy o! said

ototuto is at tached hereto a s Exh iLit A.
4.
sion ' R

Dy

---

thi o a pplicati on Conrail

approval

o!

requests tho C<>=:ah-

tho abondvnetont ot'

tho

line of

rail,

-.

approxinultoly

0. 6

milo

in

length,

described

bolov

aru!

situated in Philodelpbio County, Ponnsylvaniaz
'I'hc Bethlehem Branch in Philadelphia fro:u tho sooth
side of the Cayuga St-root Bridge (opproxizMtely
Milepost 4. 2) to the north side of tho Rockland
Street Bridge (opproxinultoly 1-lilopost 4.8) .

Th~ abovc-doocribed line wil l horcatter be referred to a s th.a
Subject Ll.ne.

s.

1\ttochod a s Exhibit B iB a
ot tho Subject Llno.
:.::toched

G.

hereto

I'JIIp

os EXhibit

showing the loc.ation

c

is

o

summary ,

oc

condensed statement, based on t he most re cen t s tudios ov~lable to Conrail ,

s etting forth

Ia) • revenues attributabl e , •

(b) on eotimo te of avoidable cooto for tho Sub: oc t Line, and
(c) on estimate of the s ubsidy tho:. vo•1ld be ro.:ruired to lteep
tho Uno in .:>porot.lon ,
cost of

Exhi.>it £ includt''l an estima te of th.o

the work thot vould be

required

Suhj11ct Line in PM O:l'lss 1 condition .
Exhibit D io an

e~.timo~o

to preserve tho

1\ttached hereto as

of' the V6luo of tho Subject Line ,

including the real estate value of tho und<ti.· lying riqht:-orwoy.

Pursuant to Section 308(d) of tho RRR 1\ct tho aforesaid

revenue, .Joot ,. oncl s!L,sidy information ond volunt:ion estll!l.lte
will bol

furniilh!'d ,

other than

.,n

:-equoot,

to any responsible poraon

a ~ocipient of thin application who soriouaty

doairau to conoidor

ma~ing

an offe r of finonclol assis tance.
-2-

7,

Iii thin

application,

fifteen

persons

days

after

tho

filing

dosJ ~ ing a more detailed

of

this

stat&Dcnt

setting forth the basis upon which the suboidy estimate
calculated, may r01Juost ouch information in ·writing.
detailed otatement will

be

VDJI

Such

furnished within fif~ecn days

after receipt of the request.
8.

Pinally, if a financially qualified person serious-

ly consideri ng purchase of the Subject Line sub~ts a request
received by Conrail within 15 days after the date ot filing
of

thio

applica t i on ,

Conrail,

within

45

dayo

o..fter

the

request, will provide on appraisa l of the real estate value
of tht Uno, together "4it·h any adjustments t o the ostil:!4ted
subsidy that may be necos&: toted by tho appro!sol .
9,
wal l

All

r c que ots

fo r

inforz:mtlon spocJ fled 4bove as

os offers of finnnciol assistance should be ID4de in

writing to c . E. ~lechcm, Room 1138 Six Penn Center, Phil.. ac:Lphio, PA
ing

191 03 .

Copioo of such r equests ~nd offers , includ-

tho applic.1blo docket number ,

Ottice of tho Secretory,

s hould be

Coso Control Dronch ,

I•ttorstote Col!llllorce Commission, Woshinqton, DC

sent

to tho

Room 1312 ,
2 04 23 .

The

following nototion shou ld bo typed in bold face type ot tho

~~~or lett hand cornor of envelopes containing offo r st
Section AD· OPA ,•

-J-

•Rail

10.

Recipients of this application are adv~ad that

aQy

person requesting information or assiot~mco vith rcapect tc
the abandonm,.tat provisions of the Northeast Rail Service Act
or

the

requirements

and

procedures

governinq

o!Lora

of

finan cial assistance (including proof of financial responsibility)

11111y contact

tho

ICC Office of

Proceedings ,

l!ail

Section (telephone 202 - 275-7245).
WIIE!tEPORE,

J\ppUcar':

requnoto

thot

tho

Coz:::U.ssion,

within ~0 d11ys after tho filinq hereof , approve tho abandonment of t ho Subject Line identified in P11ragroph 4 llbot'e.
R~ecttully submitted,

!!&.l.!~

General Attorney
~
1138 Six ,enn Center Pla:o
Philadolphi '\ 1 PA 1910J
1215) 977-50! 7

-4-

VHRIE'ICA'l'IOtl
COJolMONWEALTH OF PENNSYLVANIA

ss

COUNTY OF PIHLADELPIJIA

G.

H.

WILLIAMS,

Assistant Vice

JR.

President,

ma.koo oat.h and sayc that he
Reqiona.1

u

Muket Development ~£

Consolidated Rail Corporation, tlte applicant herein; that he
has been authorized by proper corporate action on the part:

said applicant lo verify and file wi th the Interstate Coomarco

Commission

tlte

foregoing

application;

tha t

he has

general knowl e dge of the facts and matters relied upon in
such

application:

and that all

r epresent.a tions set f orth

the.relll are true and correct to t ho beat of his knowledge,
1 nfonnation and belief.

Sworn to and l>'tbocribed
before me tlus ri.LL. day
• 198 4.

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Caiiolidated Rail Corporacloa
Applieation for· Abllllcl'~nt

Docket ..11 - ! 67
Sub ao. ~~o_•
IXHJIJT U

LOCATION AND MAP
atniLEIIEH BIIANCII

tn Phlledol ph le
South Side of Ceyuaa St, Bridgo 0 . 11 . #4.25 (Approx . H.P. 4,2j to
llorth Sldo oC Rockland St . llrldr,o 0 .11. 14. 79 (Appr o'x. II.P. 4 . 8)

Sute(l) :

PA

CoUDtin r

Phl • .adelphle

I

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t

lmlblt

Paae I of I

ll.on:ioft"date'd Rail Corpor~tlon
App ll ca·t I on for Abanclomum t

J ~C

Do o kot AD- 167 Sub No.

690 H

lt---- ---------- ------------ --------· -----------------~ --il
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sg~gHUG-~HQ.GQ~!-D6!~

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DETHLEtiEii DRfiNCH
I
I
I YEAR 1992 CfiRLOADS
16
I
l - - - -- - - - - - - - - - - - - - - - - -- - -- --------- - - - - - - - - - -- ------- 1
ILinol
I Dose Yr I Est Sub I Proj Sub I
I tlo I
I
1992
I
I 902
I
1994
I
- - 1 - - ------- - - - - -- -- - - - - - - - 1----------1--------- 1- - - - - - - - I
I I Frt Rev Or i<J/Ter• On Branch • . lt.
321161~
32116 1t.
337541
2 I Al l Other Rev a n d Inco•o • • • • I
01
01
Of
I
I - ------ - - 1---- ------1 --- · - - -1
3 I
Total Revonucs Atlr lbu lo1 blc • I
321161
321161
:::"t7541

- --1------------------.:____ ,_________ '-------1-- - -- I

I Halnt. o f Wa y ~ Struc t ures.
1
49731
49731
569rl
l H~lntonanco o f E~ulp~ont.
l
6181
6 10 1
64 41
I Transpor h t I on . • • • •
I
I 575 1
15751
1690 I
I General Ad• l n lstratl o n .
1
01
01
01
o I Fr ul9hl Co1r Cos t s
I
374 1
3741
397 1
f I Revenue Tax es • •
I
01
01
01
9 I Propert y Tues . .
I
10 13 1
10131
11271
I
Total On-Branc h Cos t ~
I
95531
95531
95471
5
I Of f Bra nch Co~ts.
I
3 141 3 1
31413 1
339991
I
1- -------- - I ---------- 1------- - - -1
I 6
I
To I <ll AvoIda ble Cos I s •
• • I
3 9966 1
39966 1
•135361
l - - - l - - - - ------------------------ l --- - - ----- l - ------- - - l - - - - - - - 1
I
I
Subs o d l l at I on Co r Is
I I II I I II I I I I I
I
I
I 7 I Rehab Ill! a II on . • • • . • •
II I I Ill I I II I I
11 56 49 1
11 56 49 I
I 0 I Ad mlnls t r o1tlvo Cos t s. • • •
111111111111 1
19271
20251
I 9 I Casu o lt r Resorvc Account. •
111111111111 1
1761
196 1
I
I
111111111111 1---------- 1---- ------ 1
110 I
Total S ubsld l zo1t lon Cos t s
• 111/11111111 1
11 77521
11 7870 1
l-l - - ---- -- ------ - ------------- l-- - - - - - l - --------- l - ---------- 1
I
I
Return on Valuat io n
111111/1/111 1
I
I
Ill~ I Uork lng Capi t al • . . • • • • • 11111/111//1 1
3391
3791
I b I No t Sal v.Jqo Value . • . • • . • 111111111111 1
5 40041
5 40041
I c I Estimated Va l ue o f Roa l £5t a te. 111111111111 1
433501
433501
I
I
l /11111111111 - --------- 1----- ----- l
I
I
Total Volu4tlon of Pro per t y . 1111111111111
995731
996 13 1
112 I Ralo o f Re tu r n • • . • • • • • • 111111111111 1
17.7%1
t7.7%J
I
I
111111111111 1----------- 1---------- 1
113 I
To tal Re tu rn on '/o lu c . • . . 111111111111 1
174'17 1
174551
l---- 1-------------------------------l--------- l - - --------l----------- l
lt4 • I flvol dablc Loss Froe Opera t ions. 1
70SO IIII/111/III IIIIII/111111
I b I Opportunity Cos t ~ . . • . • . . I
2 1906 111111111111 111111111111 1
I
I
1----------- 111111111111 1111111111111
I c I
Tota l l'lvold.Jble loss • • . • • I
29756111111111111 111111111111 1
l - --- l - ------- - -------- --------------- l ---- ------- l ---- ------- 1- - - - - - ---- 1
115 I Es l lma 1ed Sub s idy • • • • • • • 111111/11111 1
1430491
145 107 1
I
I ( l i nes 6 , t O ond 13 l oss l ine Jl l lllllllllll l ••••••••••• i••••••• •••• l
4o
b
c
d

•Dol
---------------______
"_____ -------------------"--------------------------I
>
o co•pu tc d ·
Horch 14, 1904
Eahlblt C,
I of ~
Pol<JO

Doc..c U ; l67
lab lo•

Dlf111f

c

-

IIVENU£ AJIJl COlt DATA

I!

BE'tlllEIIEM IIRA.'IOI

lrYaaue aDd Coac Data calculated ualaa the coac ..chodoloal•• aDd atiDdarda
pnacdltad .., 49 m, rare 1121. aa -'lflad .., tha eo.Jaalou lD riDnce

Doc..c 21623.

.,

LUll

rOOIIOIEG

"

Coarall p171 DO ltlll r ..eaua caaaa •• a raault of au ....,clou froa
auch cue• prodded 'o Coarlll ltJ lactlou 217 (c) of th1 a.aloual a.u
a.oraaalaatloa Ace of 1973, •• ...Dded bJ the . .rtheaet lail leTrice Act
of 1911.

4C

Coarall p171 DO ltlli•Javhd ,propanr tau a at a raaulc of ao
froa auch tlll&.l provided to Conrail ltJ Seetin 217 (c) of thl
laU leora•nlutlon Act of 1973, aa -Dd•d ltJ the llorthuac
lervlc• Act of 1981 . Conrail cootlouaa co par prop•rtr ,,.,,
lt7 political aultdivlalOAJ of ltataa, •• aucb taut are DOt
to the uaapclou.
'

7

lebablUtetlon nquh.cl il•!rl'll flrat aulttldJ J•ar oul7. Fin rur
n~bi Utetion Ia aatiucad at t 134 , 162 •

Ill

Sat Eahlltlt D (Eatiut•d lac Llquldaclou Value) of thla application
for ao uplanacioa of the ltatla for ••t•bllablaa tha lac lelvaaa Value.

IIC

lea lahlblt D (Eatiut•d lit Llquldatlon Velua) of thla appllcatlou
for aa uplanatlou of tba ltaala for lltablfahlDI tba Eacl..tad Value
of lui Eacau.

Zxhibit

c

uaption
a.aloual
a.u
levied
aultjact

Page 2 of 2

o!IO I

· con•olidltad l1ll Corporation
Docket AI•Jw,
AppU~ation !or Ab•nd:::cn:::..,::e:,:n::.:t:-_ _ _ _ _ _ _ _ _ _ _ _ _ _.;;.•;;;ub:;..;.ll.;;o.;.•..ill~a91;0..,,....:;il;.,.

tXH18!'2' D
!S'r!HATED NET LJOU1DATION VALUE
BETIILDII!ll DIWIOI
l

;;::

..

~

-

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.,_trtuu...,. ..................................................... ····

................................................................
..
,.,.....,..
...............................................................
.. Roaf
a.
,..,.~ .... ························································
.,........
..................................................................
.
•• ........,
11
..............,........,_....................................................
I.
~

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&IOitlrt ,......,. . . ....... ... ........................ .............. .

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0

28. 857
S4 , 884
0

o..s ...... . · ~···· ····· ···· ....... .......... ..........................

0

-

. ., _ . , . . , . .............. . ltlt ................ . ................. .. .

~~~~~~~...,

0
54 , 884

....-..v-.. ..............................................

........... ,0;

Llne

21 ,4S9
7,398

............., fOIII ~ II!".,_tt ............ ........................... .

TNINI..,.....,_,,, ,.,, ............ .. ............. .................... .

tO.

83,741

0

............, ...............................................
.... .............................
........ ..,....,

I

43 ,]50
I 98 , 234

-

FOOTIIOTtS

No

9

10

II

Inventory af ••lv•aeablt .. ttri•l• dtvtlaptd bJ on·altt inapr ctlan aDd valatd
ualna recent f• i r eariet pricea for l lkt .. t eri•la .
Current appr1latd ••Jut .
The RLV ateted i n Line 11 .., include tht Vllut of certeln fec illtita ~~lch
are not "necnury to provide effective tn11aportet lan urv l ce," aa t hat una
ia uaed in 49 US~ I 10905(f)(l)(c) 1nd vh lc~, .areover , Conrai l vould bt ~t
liberty to ab1ndon vithaut the 1pprov1l of the C~laalon, Conra il r•••rv••
the riaht to eaclude tbt aforea•ld fecllltltl , if •nJ• frca •nr aelt or
1ubaidy under Section 308 a! tbt an Act and 49 USC a 10905 end vi 11 furniah
the nlue thereof In eny procudl na ccmducttd under u id Stet ian to uubli ah
the te,.. and cond iti o~ of a 11lr or lublldJ .

P..u.e_ I of I

THOH AS J 5HEPSTONE
305 GDI.OEU RD
HONESDA LE PA 18Q31 Z2P H

n ~----------------------<1• 0553725235 08/22/BQ ICS IPH~TZZ

C5P WH58
SUSPECTE D DUPLICA TE
71725l5Q3l MGHB T D ~T HONESDALE PA I ll 08•ZZ 0 7G7P EST

...

oUY IIE I'ICHEL INTERSTATE CDIIH ERCE CDM~ I55l DII
RM SQ20 12 AND CONSTITUTION AVES NOR THWEST
WASHI NG TO N OC 2002 3

ENTEP.EO
OH,co of lho

r

s->crec..:l

"' AUG2 3 1984
RE DO CKET AB1b7 SUB a b90 N

r

r

PLEAS E C O~S I DER OU~ AUGUST 17 !08 Q OFFEq or FIN ANCIAL AS5IST&NCE TO
BE ~EVISED AS FOLLOWS! I , CONTOUR PAC KI NG CORPOR ATI ON OFFERS TO P&Y
CON RAI L THE SUM OF 127,lla2 FO R T~E RI GHT OF ~A Y AND SOUTH BD U ~O TR AC<
CONNECTtO WITH THE 480VE LI NE OF RAI LRO AD THI S OFFER IS AS C&LC UL&lEO
IN ~y ~ETTER 2, CONTO UR ~ILL NEGOTIATE WITH CONRAIL TO PROVID E
CON TI NUED RAIL FREIG~T SERVICE OVER SAI D TR AC K PLE ASE CONSI DER ALL
RE FER ENCES TO LEASE BACK AND C ON T~ACT OPERATIONS DE LE TED FROM OUR
O~ FER l , ALSO PLEASE DELE TE ALL DISC USSIOII OF PURCH ASE OF A PORT I ON
OF SUB NUHBE R oSa u Q, E V IOE ~ CE OF FI ~ A NCIAL RESPONSIBILITY IS &5
I ND ICA TED SI NCERE LY
THOM AS J SHEPSTON E
l OS GOLDEN RD
HO~ESO AL E PA 18G3 '
1'11<19 EST

f

11GI1COH P

(

lt< ThK:iTAfE

COMM!:'!C£ CO'I'JISS!Cl'
P'"i'"lVEI)

•· : ' · HB~
f.\All UNIT

TO UII.Y BY MM.ORAM MISSAOI. SU ~SI &101 fOil WfSTfiiN UNIOKI ~l · f!IU r.;;)ht ,..._.(1\1

SERVICE DATE

llO
1117EilS.ATf CO~t!IC£ CO!!:'!!SS IO!I

AUG a 1.1984

DEC ! S ! O!I

..
lU 11!!:

D<>cht llo, AB-167 ( Suo-I/o , 6 9)11)

~.JIT7Ell

OP All OI'FEll Of

Dectdedo

P!II~~C! AI.

ASS! ! TA/IC£

Aucuot 28, 1984

On l u,u. t 21 , 1'8&, •• auppl eoen ted, Countour Paek•~ tns
Corporation (Countour ) ttaelJ f1 l f'd an otter ot tlnanat a l

~atatanee t o acqutre a ltne or ratlroa~ beln& e bandon~~ b7
Cor.aol 1dated Ra !l Co r poration dea ert bed ·~ tolJo~o t

~~ Betnl t ht n Branch tn Phtl ade l p~t, ecttnd 1ng fr 4a the
•outh llde o r th' C&JUbl ~treet Brtd&e Cappro ctc atet7
c t l • poat •.2 ) t o t he n~ rth alde or tn• Ro ckland Str e et
Brld ge Cappro• lcato l y at l epo•t ' .8 ) . • dS a tance of
epp r o c t.o&tAel7 . 6 n Sl e t n Pn th!fe 1r..ta t a Coa.nt 1 . PA.

Tr.. Co~ So at on t~a dtt e~t nf'd tnat orrero or ft nanc ta l
as~t atone. to ae~u t-e l t nea to r con!Lnue' rat l oerv t c~ nt eJ n,t
tie d~taS l tdl . , o rreror n.eed onl7 ~JJov th a! lt 11 rs nane ~• lty
reap::ma! ol e • nJ t!Uit St a o tt~> .. 1a reas oneole. Con rat l
~ O•n1onr•n ta Unde r ~RS4 , ) oS I.c.c. ~1~ ( 1 9!1)~
Contou r h~ c IUt~tt Jd rt n• nC 11 l Dtatenentl AI or W~ 1 JJ ,
l?B Q, ahov s ~ t o tal ••e~to o r 1 1 , 9~ 1, 001 ( J ncluJtn~ cu rrent
aa1 et1 or 171 ) , 000) and • anarehol•lera' e qut t r or 171J; . ooo . t :,
n•t lneo~ ror t ho 1••r• end ed ~7 ll l 198 • ond 198) L~ou,t~ to
1 10] .000 411;:t 1 97 , 500 , rea poe r: tlve l t.
tl nd Co ntou r to t-J •
r tnLne :a117 rea pona t blt pers on .
Conrat l ee t l"etea tt~ ne~ l t qul d 5t1 on ••l ue o r tr.~ l l nt t~
c~n a l~t lnc or ~ ~- .~ !' t o r tne n~! aa lva ~~ VGlue or
t h• track •~d J ' l . J50 f o r t hr undtrl ttna r oa1 •• ~a te. ~n~ l lne
11 doubl e·traoked , and Con t ou r r e qutrea on l7 ~ ' tr4 ck. Contou r
ac ~no • ledsec Con rall ' • t r act oa lvage ve lu ta to be rea onablc bJt
baae1 n 1tl own e•a~tnatt on and apprata4 l or the land cono t de ~e
t h• real ettate t o be o r 1tt t 18 va lu• • • copt r or r •l1 r oa j uao • nO
to p~oY1de ' " ease~ent t or .n elec trle uttltt7 power l lne . AI A
p e ~ntn! ••••nent t or an elec trtc uttlltt po wer l ! no la~ br en
aold bt Con ratl pr l o f" t o U)t &b ando:n::sen : no val ur e. n be u o l c:;n•d
t or t b h p.J rpoae. Contour hal o rre rtt1 127 , a .r.2 t or t he l l n•
rtgnt•o f~•oJ and lte 1outn b~unj tra ck. ~: orrrr 11 baaf1 ~P~~
a valuati on equal t o one-na l r or ConraJl'e ea t 10lte1 t rack
aal vase val ue anrt a aero ••lu,tt on f or the real pro pcr t ,.
Acd ordlngl7 , l tl orfer appeara IU(fl c tent l O l n l ~a te
no&otta:.tone.
t• 19•. 2]0 ,

Ont la at Sit u• re:~a!na. In 1 l~ t te r dated l uguat ~ ]. 19•• .
Conrat l arguee tnat the o rrer enould be reJ ec tt4 btoau• t l t ~~•
not tto el7 rl h •:J antS c.' -11• t or tranaac tlo'\e o re t t l-. n~t wt~t~tn
the eonte~phtton o r «~9 u.s.c. 10905 . It arglJeJ t hat Con too~r •a
aatl&ran Antndl n£ lta orrer cannot be vtewed aa t r.f r o
ol arttlc 4 ~lon or an offer IU~ltte~ wt thtn t he 1la t u t or1 go ~oay
r.erto:t , but U U\ • r e.od 1f l ee th~ 1Ublttl!1Ce Of lhe o rtgt ne l
au~t ast on . 1 dl••&ree . Tht orts tnal auhn ttelon wa~ tln•l1
f t led And eontal ned t he eaaen tla1 e l e" enta or an orrtr or
(lft&ftO ial Al ll ltance Wh1 1h rt)at~ t O t he O(teror'l rtn~ne ta l
r"l lponal b11 1t1 an.d lhe rt.liOfllbhntoa or tt.e orrer. Tl"le proroa., ~t
nodttlcatlo~ harl t~. err.c t or ~l lnlna t tn, queettonable lteoa

canta1n~ ln the or1ntnl\l o~b-.,. <~ ,lon. h . lloto;eJ th~ acope or
the or t ghul Ollhnla ~l on anJ dlJ n1t a~bJec t C:J"1ratl l4 unJue ,_~
unneeeaoar; b~rJfnj, furthor, to roJe 4~ tbt Contour ort•r w, wl I
rruotr&te t.be Consr-eo c1o!'lal P-1 1 11: ) ' r e n..:oc Jraglno errorte t:~ - ... .
l (lqU1N lltlC!I ar ra 1lrOa1 tha•_ ll''1Ul" or,_,• l •loe f'
A ~"· l '"'•t -rJ•
ro •l lA r-•.., rev I • • ...,. ...... ..
,.,
1 rtnd Contour' I o r . ..,r t o tt~ b.ono. rtde &tHJ r-oaaonabl• t l
In i tiate ne&otlotlona ~d•r 49 U. 1 . C. 10905 anJ eootl on ]O,(d ) or
t he Regional Ra tl Reorga"1taatton A:t or 1971. and thet th~
orreror h t l nucllll1 ,... ponolble. I L ts ll~ot7 Ll>at th•
t !na.nctal ..,•htence vhtoh ~ull:S result rro-!1. nf£ot1atlo:a w~u!o
equal t~~ e~ a t or acq~tettl~ or ltt ll no . Accord tng ly , a
certtrtaate end d~c lat on a uthorlztng Conrail to ebandon Lne ~ ove
deacrlbe4 line •1 11 not b~ 11~~~4 at thle t1ae.
TblJ do~l~lon • 111 11gnlrlolnll7 Aff• 't ~tther t~ ~11:1·~
or ~~• h~ envl ronc~nt t r ~ ~~y oo~ervatt o"1.
It l a orderedt

1. The ta• u&nc:P o r a ccrLtr"lc•t" a.niJ ueolet on author-!:1nb
abtndonnent l~ PQ~ t roned. tr Conrall and \he o t r•ror cann~t

agt~e en t.ne purch.a.op prtcr or lh• ltn•, t.'lt> orrer"':lr t"..AJ :-wquf'•t,
on or before $epte~btr 20 . 1980 , th~t the Co~tastcn estt011e~

~. cond!t:tono an~ &nou~: o r eo~peneatl c~. tr no •sr•e~4nt 1e
reached and n~ reque•t to ~~do by th.: d•tv , • c ertlfl ~•:t • nJ
~eo t1lon aut~or t,tng a~andon~e,~ vt tl b~ 1aaJe~ ~edt~:'":; .
2.

':'hh ftec1a1on h

errreettvo w. t.:.fl ae r vtctt 4a:c.

By the Cof':Zllno t on , Heber P. HA.rjy. Dtrootor . Otrte,. o:
Pr-oe~e 'ilnge.

~;;a ~~z~--J ~ e ...... tJr}

I

l.C

SERVICE DATE
J(]V

J fl Oil

Dool<ot 1·~. Aa 1~7 l~ub·l•o . ~9011)
COIIIIAIL ABAIIDOI•'\£!;; Ill PIIILACELIHIA COUI•7Y , ~A

RtQU£37 TO .9£1 C0!101':'10Ji!l AMI CO'Cf'UlSA.1lOl•
[).e.cldctOI

1~vec.Dtr 15, 19C'-

0n Auguot 22 , 1981:1 . ao oupplece.1teo , Conto"'r fack.bc.ln&
Corporation CContour) flied • t1~~17 orrr r or rtnanctal
a•atotane e to aequlrc o llno or rallroacs beln£ ooanconed by
ConDol ldated Ratl Corporotton (Conrail ) Sn Pn Sl ade lphto, PA. ~n•
ltne eltendo rroa t he oouth alde or tbe C.)u&o 3treet BrlC•e
Cappro a leate 'v ctlepoot ~.2) to tne aoutn ald~ or th~ P~ek lone

Street Brldge hpp ro.ltootely olltti•O&t r..S) , a dlatoncet or
• PJJro.a lute ly 0 . 6 Dlleo , tn Phll a deolpnto Count7, Pl.. ln o
dec hl on a orved Au&u.Jt )1 , 1984 , U'1~ Dlrector or tnr Ott!ce o'"
Proeeedlngo r ound t ha t th~ otter wao bOna flde ond t hat Conto~r
v•o • rt na ne la lly rcoponolbl~ J craon.--rQaUinee o r an aeando~nt
certlf l c ato -~• poatponec to gtve t he p artt ~a an oppcrtuntty : o
neijo ttata a voluntary purchaoe ar; rt~t'r.ttnt. ":hto Cr:octaton aho
allOIII'OrJ Con:.our to aelt thfl Ct"--,llu 1on to eet. p~rcbepc cc.·~al~1ono
and eocrona atton I f e voluntort b&rece~n: coulo nQt be r~e~ec~.
On Septecber 20 , 198r.o , Contour:rttquutoJ tt.ot the C~e;:,l oalO!"• oe:.

tnc eond l tlona end cocrenoatton ror ael~ or thr 11n~.

Conr all out.~ltted Y11luatl on • ._.11!tl'ne .. on P"'.2!) ?~ . l9bo.,
noe Oc tot~r 22n~ vclU$!l on lnelua~o a
rl&h t-or·~oy a~~ratool dated Marcr. 1, 198·. end oalvo~e val ve
tnror:at t on doted Oetotor 16, 19tl:. . Coraou r f1led r.o Ot' •
v• luatlon evldrnee on Sertt'C:.Ctor 20 th. Cu:t. rel1~d on the
10(0I"''Qt1on anCS areu~t~nt~ co•, t alned 1n lt~ A.:.~b.JOl .:'in1 of f~r t o
re Dut Con ro.1l'e real eAtot ~ voluatton. ContoJr e ut~1tt~~ no
tra elt; value 1nror.:at t or,

and Oc tober 19 , 19&~.

Ooneral Volu atl on and £vt1ent1ar~ Sta~da~do . f~ Q~~~Jln i& to
eet eona tti on~ and eoeJeneatl on ar~ ~ov~rn~a~ct1on J': o or
ttl~ Regtone: Ra11 Rttor&anlt~tlon A.c:t or l97l { ]~ 4ct • eo
O.:tonded ~{ the tlo rtheaot R.sll Strrv t c ~ ~t o r 1981 • ..-~tJ. t.. '~·
97· )5 ( fliltS AJ . S~ctlon l 08(CI) l ncorrorat~a t)) rttrerenee tht
prov ~olona or :0 u.s .c. 1090~(0 ) - (r) .

Soctton 10905(r) (l)(C) etatra1 • tn no eato eb.all U.u.·
Co=ctJol on •o t • prlce wh l eh lD D~lO • th~ rat~ oar, ~ t ~-lY~ or
t he llne. •
In Ch l ca .o a nd t•orth W«'e ter"n ':'ra ne . Co .-A tnn-tlo.~~r.t ,
)~' l.C . C . 9~6 \ o
a
eub nco . t,;n ea s o e n4 ra rt n • nerr.
Co . v. u.s., 67oi"':7o"'Dt5\7th elr. l!leO\) t Lillo G•r.ov,
!ne • -.e-G'e terol ned ttlat t na pr"oper va luati on t~t andar.J 1n
proceedl ngo under aee tl on 1090~ la tbe net llqu1d atl on value
( r.'LV) or Che ra1l pro ptrtha r o r t h~ l r nS tJheat a na beat ccmra:!
tue (a baent a tlSaher g o t n,.-oonc~rn va lue r or conttrn.ittO rat t
uoc ) .
Conra 11 he ~ not pr~aenttod e vSdt!ncto t-hat t heat> 11nc a
a
so tns·con Clem value l n eacea a or ULV. Ther,rore, • eo -.. 111 ... .~1 :: ..
1
the ~v1dence o r ULV a nd ~ 111 ~ otabltan ULV a o (lJ t~~ ••1~~ ~,
U:e land, pl u a (4') the \'6lut or l t:.J rovt nt!nta l10oa r~r:o,al C\..~tlt.

['•"jP·

b.,.,

Vt reaolvo Yaluatl o~ Ol aJutea Det• tcn the partl~• t n
aceord a nco wltn the e atab11aht4 burdtm or proor a n"l111!o. In
DOlt c•••• th e burocn or J•trtlt,flolon to u1on the tro, cn .. nt o r tt1t
requested raller (h ero , the o rr.ro r ) . ':"h!a co~rae la
pa rtt oul ar lr a ppro~rl•t~ ln tr,eoc Jroee•llnbt ~•e•~~• tnc ~rr,r~~
h JI the rlght t O w t thd ra~ lta Otftt 1( the purcbaao pr1Ct' Jt4\ f l
una cc cpttJ.bl)' h l.;h , ~ntltt tht> rall earrler So r~~u\r.J to e .. : 1 1\o

Do•••• llo.
'•· • o t.hr

,...,r au'' tr

1

•.u-167 (Sot>-llo. L? O~ )

.

~r t'larrler vte • o Utt" t !\.. ,

'
a eeep t&b\e aprrAl aalo , o na where lt la l cpoeotble Lo Gc • er-lno

'-'rl tch 9& hat t o n Ia ooro a ccu rot o , we aeccJ!l t he fJg uro ou~l tted

by the rall ca rrt•r•

LAk~

08neva

L tn~,

]aJ J.C.C. at 961.
Th~

J l n•

propo oe ~

C::Jn t our

!!:..!!.!·

ool vagc

~ a lu e

Con ra1l'a lht)' 22 , 1980 vo luatlon of U'lc l1 ne'11 noL

t or tne ooublo o at n

tra L ~

was

15~ . 88~ .

Contour ,

therefore , orrerad halt or net eolva gc va lue ( 1 27 . ~~2) r or a
oln&le tra clt. Conrall'a OQ t obe r 19 , 1980 net ael va gc vatu ,..

e&tlca te t or tho olngle track a ervtng Contour tu 1)) , 962,

ho.,ov..,r , baaed on an Oc t obe r 16, 198ll appr~t.tea l • .Sinc e Contc~J r
o rroro no evto~neo r or net oal\ agc valto , we a cc ept Conre ll' o
Octobe r 198~ tra c k not •olvage value eotlcat~ or 1 ]],962.
~· Conra ll'a apprmhe.l or l "l . l~O Cla toa l'.. rcu I , 19&• ,
la baoed on the AOD~rt t on that Conral l haO A 100 pereent f~e
tltlo t o the 5 .08 ocroe o r rlght-of· • •> . • t11.J that t.htt Dalloot h.oG
not been reeovoQ . 7he rlght·of-woy to located In a dcterlorat~d
1nduatr131 nelghbornood aurr oundcocl bf nlir&lnal rt~olUrntlal
ropert les . the hlgh~ot and beat uae o r tDc lana 1•
n-oorporot l on • tt h a\lJaccnt. IJropeny o• n("ra . ln ~ Otlel'ltln£ ua
value or the property the •ppratoor a nelyted &ftl e data ror
a1o lla r l a ms odJacont or ln c:looo proa lclt)' t o th .. pror•e-rtr wlth
the Ot:l"~ hlbheot O.Od b ~ Ot UO<eo n1e aprr• t aflr diVltJecS the
· tght • o t -vay I nto ) parcolo bacoa on Olffcren:oa ln tiJo
aurr oundln& land ut~e , ana dlacounte ... tho va lufl o r ra eb rare Pl t>y
'0 percent b11ed on topo(irarhloal proo hoo an•l r.!lltlp!~ o~o crr·Dto l'
va· the ourroundlng lo.nd. ':'h~ Vil)uatt on to oct f ol"'th Cft }O .. .

r

LAnd Area

\'D l

ue f" l"'

..E.!:!

01 oeo unt

1 .o acrtoo

t. s.ooo

11 5 , 000

1. 58

11 ~ , 500

1 10 , 7 ~0

2 . ~ G C f"("O

Totalo

~

At'l"'f" l

S .oe aerttc

l lS , OOO

s r . soo
n ~ . ,s o

WO!

•ot
•ot

!:.:.!:
I

q,o o

I •• • SJO

1 11 . ~ ~0

I• )

, )~0

Contour c..a l ntAine t.t1at C.:nrel l ' e valu•tlon t• t oo hlt-r, .
Plrat , Cont ou r arou ~ o that th~ p l"' tnctpol co rrl Oor val~r o r th~
rlght-or - ..a y hoo bean reclwced a a a reoul t or Conra il 'a tlaV1I1b
a o l d a pe~A ncnt easeeont t o ra llaclolphla tlec t rl c tor • j - phaae
J)lAY ctr~utt • long u .
lt argueo that t il• eaoee.enr.. , re\•ento ·~ae
or t ho prop•rtr by a oct o r the a c rooo -tht~-fen e a propertlea anQ
reat.rlcte a corr i dor r-urcha a or'e ab l llt)- t o vut t he ' ' rc1 ert.> t o
other col"'rfdo r Ull «''. Aoc:o l"'dlng t o Canto\ .•, the eta.ndarJ. !lcenot'
cha r ge ro,· a 0 .G-olla po • er eaoll:!ctnt h, t 1 . 5.?0 a nnuallJ . l t
etotta t ha t rel l r o atJa tfpl c a lly convert annu a l l l c~no~ agret eent D
to pe ra a nent ea1c c~n ta r or a eount a equal t o 10 t o 20 ttoeo lhto
annual ren t. Contou r uaeo an avera &e rao t or or 15 t o ooeount r o r
the eaae c-ent t o ro due e U1o lin d valu t' b)' 112 , &00 OS I • 1 . ~ ~0 •
1 ~2 . 800) . ihuo, t he le nd va lu~ a dJusted f o r l he eaa~-ent ~~ulo

be t 20 , )50 ( 1 ~ ) , ,50· 122 , 800 • 1 20 , )~0) .

Cont our o lal oo t hat t h e rea l e Dtat d r1a e no c..ar "'~t val~~
• hat ooevo r betlulel f l ) 1 t lteD 111 011 bO)C'II ~ht grallt Of t tl(l
acr oaD•the-reneo prOJl ~ rt1eol (;>)ouch o r t he lint' 1o to'l(rn us t )
hlghvay aro•alns•l ano ( ) ) tn~ pro pert~ to a nuleAne~ ~e t o u ,e tt
la uaed • • a QlrbaKe d urp In placet "'he t e tt 1butc r~ o1 4~n 11•.
pro pert7,

• 0'

. . . t.a,J

.. ,..

"""':..~

.,., 1..•

,

6

••

.L

reape ct t o tta cla1c thot tne eaoc~ent dtctnlat4o val~• of
Uur rtgllt-or-vay. Conr a. ll dtd not addre.oo tne val'"" of Ule
proptrt/ tn ll Shl or t h e eaoe-c.ent.. ln J.B ... C] U ~o~b-til o . 89' ) ,
1111 nt~l l'l. Ca nt ra t 0\ll r Ratll"c a d I:O*'Jeen\ ... A band o~• nl - ticrl .. C!• ~
Clae o • nd dreen 1a Switch , ll tnot prl ·n ed J , aerved Pebr!:ary 11,
1§84 , tbe eo:c;!eai on con c l ud e d lhtt tl\~ va luat ion o r r tv; t-of·• O)
c:.aat take an e l e c tri c u tt11t 7*0 ~ aae eeri t tnto eccount . ln A8· 4 !
(Su~·tlo. 8S) the eaaenent. ~~t ao f o r ov•rl.eld eleetrl c t.re nJctaoton
l l..nea. H.tre the eaec-ctn t to f or a ] ph aee l ) ?t:V clrcult. po-• rr
l l n e along the rl£h t-o f· • • 1· Yron tbla tt. e pptaro uat t..•e
O&IIC~nt

lnterferea 'll llh UIO Of

t ~e

rl&nl-Of•• l1o

~ • ever ,

- n!Je

Conratl'a appr al oa l opectflcal l r accounte r o r topograpbleel
( grade ) d l trerencea, Cont our otter• no qua nt lrt~ Dl e loforcatlan
acout h l&h- ay c r oo n1 n;a. nor d o e~ It eu~p o rt ~h e conclueton tt~t
th~ l l nt' n lue e bould be reduced b7 tno p.-•• ence or aa r t • a•·
Aecord l n&lJ , • • find t h at w1tb rea~c ~t t o lhea• a ro ~onta ,
Ctntou r baa no t ce t ltA burden o r proo r. Acc:ordln£17 , we acc• pt
Con ral l' e valuation t or t be rea, l eototc, reduced b) th~ va lu • or
the eateoent 1 u~tttod bY Contour.
]ugc;rr. The oa lvo&e value or track a"d cat~tlal & to aet
at l l ,
• th• r-e a l estat e value 11 a ct ot J 1D . !J0. 'n....uu U•~
n"' t llq\Jld!t.tlon vo.lue or ttiCt ;Jr-oper-ty Contour orrer4 to fl u r eloaa ~
lo I SQ,)I 2 11)3.9>2 • 120 , 3SO • 150 , )12),
O t.hor To~~ or S •le .

"..onPoS 1 rci;j\41crDtO t-r..a t

•c

~ Ot.at.l1u t.

o ther ool" l or=.s of tne l71" cuato-_arlh' eClJl07 CO ln aee tl on

l09G!J p r oco e dlngo • Aoc:or-dlngl, , t O Oft &l.lrt'l Ua• OC.;lO t h tr•nutwr cr
the 11ne, ~ e aha )) eataDl lDh the f ollo ~ tng terc!l (1) pa~~r.t
• ll l be cad e b y caoh or cor ttr t od eheeK: (2) cl ootoc ~ 111 o~~ ur
-.~ lt.llln go IJa) t o r t ilt' aer-vter oete or th~ e dechlon: ( ) ) C,r:~ ra~ l
~ 111 convey a ll pr operty b) quttol aJ a derdj and ( • ) Con rail ~ 111

dcltvor a ll r alea.3ea rr-c..o a ny cort&ageo w• ntn QQ d aye of
oloa tn&• 'nut partlOfl t"..a)' 4lt~r an)' Of t ha clotlrl i L o ~r:a f'<Jf"u•nt
to ~~t~al tgreecent.
Tb1D a ction v t) ••~H Dlin trleantly arr~ct t'lth~r Lt:11:
quali t y or ttu• hu::.a n env1roneent o r eneri 1 con!tt~ r'"'•atlon .

1. The ptlrc:n., e J•r-1c~ r o r t he r o rtt on o r C...or-... 11 ~r :)rttrt)
a ou~n t t o br p u r-c:hea~d b)' Contour So t!.~; ~l at 15 -. . JlZ .
C..lflt::JI.lr
oa r • ltn~r• • lto orrer t o p~r ~h aee • lthln 10 da)a or t Dr ~~~:rvtc­
doto or t hle d~ c lal on . Contour t:rJDt n otlf) t nc- Cocnlaalo~ .
Conre tl , a nd al l oUle r- partlre o r rco cord lr1 "' rst1ng . on or tt~:' w rc.

the tenth G&J ar ter aerv! cft o r tn t o de o taton , • hrther 1t

1 nten~a

t o e ocept Uto C.Ccw1Do1 on ' o dotoralnat.lcn .

I . Jr Cont our t al le t o rtle .e Ll "'lel)' atote::.t'n t cr ~fllt'i1 t ,
we w1lt c:onalder the o rrer wltlldra..,n . lr. on ' n~ 0 U1er llfl-nll .
Contou r 1nd1c etea 1LD 1nt~ n t. t o eonau::~~tt' . Conto; r anJ Conr att
• 111 be bound b7 t ~ e Lt~ a na condlt l on~ eata b), e bed 1n t n 1a
dec: tal on .

3.

1r Contou r wttll!Sre• a l!a orrcr . thii'J Cc:: ~ ·~ e:1cn • 111
laaue a.n errect l v e c e rtlrtc:ate a uuor-• ·tn&
1nv olv~d line.

s ~edlato ly

abandoncent o r the

tst!l\s-: ,.~

co~

a:

C'::lnt t s.st en

a1\-<:1Ftf!.l..-c .&1.:t'l oret s t ou

no. AB-167

Coe<ot

(3u•·no.

69 0 ~ )

CO!lVJl. JU!lllOR't.'r. IN tH lUDf t.PHU CCOlr.t , PA
n. e ~t.ot r

Dec lde:t l

en r""q

] , tflaa

Censoltdat~ Ratl Corpcratt or CConratl l rt!e4 An app ll~ a t~ e~
2] , 1Q 10 ~, un-11e :- s•ct\ocn ] 08 o r •..ne Pegl c.M l Pd 1

Pf'Or.;.u~. t,.:...at-t en

Act a r 197) I t o t blndcn tta o . 6- t"11e Ue.e c "'
r-a 1l!"'a f'1 .,_ ... .,•e n t.~e C&rt gi 3tr« ! P r!l'lp (r'!1ler03t •.2 ) a ni!
~oe':Lar::d !tt"f'e t: !rld.&e ( ntlec=-c.at &~. 8) .
t'a<!eC" aec'! l en ) OS (e l the Ccr:T!.l aa !on rruat 1\r~nt a.n7
a;:plt eatten r or- aN r t'~r..-e n t riled ,., c-~ r-.t t • t •h t1'1 90 c1t T!I
~-

~· · ~plle atlcn

dAte

~5ta~a r.ee
~·:-t ee .

ts

r tted

S tr e~

t t wao

that 0n-1a 7

rteane: tal a_astatanee t.o

~7 ~cntau r

~t! f'•r

la rtled unl esa an orrer or rtnanc1a1

~• de u~ ~ er te ~ t! on }0 ~ (~ ) du r!n~

ln crrer o!
~!~ l7

~ t t!'

a e 11U-!~
Co r p o r~ t t cn.

P• ekaat nb

~~te~1re 4 tr~t ~ e

c rrer wa•

tte l!ne .,._.
be~ ~

rt~ •.

t•.aua.nce o r a e•rttt:.c ate a•Jthort::.n.e, a tl.a.:o4or.r"'Cn t waa 'S• lAJ't:l1 •n s
'U:e ;-art.h:a • ef"tt ti!'nn t.tre eo ~:er t nt.o a n e t;r•tN nt t-r ~ qu ~~·
~• C~t•a!cn to set tn~ tt~~ and can.d ~tt ona e r aale .
.l~ u.e
ccedtet~

o!'teror •• r e qu est, the Cc:e-taat c:n aet tnt t.e rt"'a ....ad
eA l ~.
~ . C~t••t ~ gave the orreror lD ~ f E •o
acc e pt t .be t er-» 1n wrttt no a.."1d flO t t d tn a t ret lure t o do ao "~ C't l •
~e u lt

o.t:'erc r

et

~~ ~ ott•r h.tr.c CQn~1 dtr.~ • ! ~d rawn.
St n ~·
~u not ttled a t 1N17 sut.e1 e.nt a eeer, t!ng Ul~

:.n

ot:'tr !a

J e:a r-::11r;1J ,

l!ti Cd

·~pr c ;rtate e e rt! t ! e ~ t •

:~

ter.-a , 1tt

P· t.t
~!J

1"'0 :ltrter

t1~t
~~ a t t

offer was :'!!el'! o I :'!

"'On:.

and rte c tat on

e nter!~ .

Co.nn ll tJ a u:t:or! : e e2 t o a tlarden the

ts <:f'l'"t.tt!e"11 1

~a cr~~.a ~rove .

l ! r~

Ort!@nH't l
ee~:rt c a:•

!!7 ~"'po Ce-r11Ston
Prce .-~ f1trg a: .

-...

:ne

con. ! ~e re ~ w t :~~ ra•n .

an:t1

,..e c ta !Cn

u err •ct u·e en

o • ~l c e.

.

( !lULl


!/

~. 11 14 Ct t on "'" a ~d •~
P ~ tt. L . rio . 0'1· )5.

'!c; • t .

bf

t~• V ~ r~h• •e !

Patl

ler v t e ~

• e•

~r

August 23, 1984
Mr. Wayne A. Michel
Office o f Pr oceedings
Interstate commerce Commission
Room 5420
12th =d constitution Avenues.
was~lngton. DC
20423

Re :

Bethlehem Branch
Docket No . AB 167 (Sub No . ~90N)
Olney Running TracT.
Oo.":k.et No. AB 1&7 (SUb No . 719N)

Dear Mr . Michel :

-

cc:-=ail is i n receipt of proposals submitted by Mr.
Shepstcne i n t.he above docketed proceedings and aloe- of
MAilqrams dated August 22 and recei ved todoy urevising" t.he
vri tten proposals .
conrail asks t.he Commission to reject l'tr . Shepstcne' s
submissions as (1) unticely and ( 2) calling Cor transactions
of a type not wit.hin the contemplation of 49 u . s.c. 10905 .
The tvo M4ilgri1C1S cannot be viewed as mere clarifications of offers submitted vithin the statutory 90 day period.
They ccdi!y tbe substance of the earlier offers .
From a
sUbstantive standpoint. Section 10905 contemplates sales in
which the purchaser acquires title to and full responsibility
for operating =d mo:intaining t.he lines involved. Moreover
any proposal vhich discloses on i ts face thot the purchaser's
interest in pursuing negotiations and consummating 11 purchase
is contingent on Conrftil' s willinqness to oqree to arrangements not envis ioned by Section 10905 cannot be conside.red as
bona ~ and reasonable .
Very truly yours,

eft,~~.£~~
if~torney

Senior Ceneral
1138 Silt Penn center
Philadel~hio , PA
19103
(2~5)

977-:i 17

CEM/km

Auqust 24,

1-98'i

~- -- ~

cc::

Thomas .J. Shapetone
305 Coll'.en Road

l'lr.

HonasdrJle, PA

18431

IHTEitST ATE
COMMIJICE' CO~IlSSIO"

neo,. ""'YEO
SEP 20 1984

ENTERED

-

Otr•cc ol lhe Secrurer>;

~,rv

SEP 2! i984

..

I

'

1<.•'1

T

-p·

('?J..

·

1

October 18, 1984

FEDERAL EXPRESS

• r '? .)lpENTEAEO
1 -'ol'nco of rnc secretary

Honorable James H. Bayne
Secreta.ry
Interntate Commerce Commission
Room 1312
12 & Constitution Ave . NW
Washington, DC 20423
Re :

Application Under Section 308(c) of th~ Regional
Rail Reorganization Act of 1973, as enacted by Section
1156 of the Northeast Roil Service Act of 1981 , for
abandonment of the Bethlehem Bro.nch in Philadelphia
County, Pennsylvania .
Docket No . AB 167 (Sub-No . 690N)
Dear Hr. Bayne :
The Commission has been requested, pursuant to 49 u.s.c.
§10905, to establish the price and other terms for sale of
the line involved i n the above-captioned proceeding.
To assist the Commission in tl:e process , I enclose the
folloving data 0furnished t o me by Conrail management:
( 1) "Exhi bit D, , and supporting detail s hovin9 (a) Conrail' o
estimate of the net liquidation val ue of the hne and (b) hov
the value vas computed; (2) a real estate appraisal of the
right- o!-vay; (3) a statement or the portion of tile property
to which Conrail holds fee title .
Conrail requests the CoDllDission to establish tormo compatible

R~th the attachments and i ncorporate pr.ovioiono and

condi tiona of the type customarily emvloyed in proceedings
under Section 10905.

October 18, 1984
Page 2

In connection with the real estate value of the line, I
enclose copy of a self-explanatory memorandum which I have
received from Conrail's Real Estate Department.
Very truly yours,

Jt!::?~2fMrJ."

bi'a:'les E. He~h(;
Senior General Attorney
1138 Six Penn Center
Philadelphia, Pa. 19104
(215 l 917- 5017
CEl-l: CV

Encl.

CC:

Hr. Thomas J. Shepstone
Plruu.ing Consultant
305 Colden Road
Honcodale, Pa . 18431

Mr. Wayne Michel
Off ice of Proceedings

Inccracatc Commerce Commioaion

12 & Constitution Ave . NW
Waohington, DC 20423

Note re ULV
Sub 690

Contour Packaging Corporation wiahoa to purchase a s i ngle
Attached is on Exhibi o:. D
and solv~go dot~il for tho single main track to Contour
Pockbging along with a n £xhib t t D-1 and salvage detail for
the track not required to servo Contour Packaging.
Cl4in track to so.rvc ita facility.

BETHLEIIE.'I BRANCH (PA)

South Side of Cayuga St. Bridge OU 14 .25 (Approx. H.P. 4.2) to
North Side of Rockland St. Bridge ou 14.79 (Approx. H.P . 4.8)
Exhibit D
Single Track t o
Contour Packaging
Gross Salvage Value
Lesa z Tokeup Costs
Net Salvage Value
Real Estate Value
Not ~i quidotion Value

$ 44,325
$
$

10.363
33,!162
43. 350
77, 312

Exhibit D-1
Track
Not Required
$
$
$

58,554
18,249
40,J05
0
40 ,J05

Total
$ 102,879

28,612
74,2 67
4 3,350
$ l l7 , 617
$

Also , included i s a copy of Hr. Shepstone's letter on
behalf of Contour Packaging Corporation to t he ICC requesting
tho toz~ of s olo bo sot . Contour als o wishes to purchase
approxi=toly 250 track Coot (0.05 mi.) beyond ~t . P. 4.8 of tho
Bothlehnm Branch !ilod as part or Sub No. 654 (Approved !or
obandoncont on 8/ 15/8 4) .

) to
4.8 )

'9

z

7

..,0

CiiiiioUbted a.U Co~~atlOD.
A;opUc.tiDD f~ AlleciODDetat.

Docket .U-167
IIIII

Jo, .Mll

~JBJ'I' D

ES'J'JHATED nT LlOutDA'J'JON VALUE
Sout.h S tde of

C.,Va•

IETRUIIEH IR.A!IOI
St. Bridae 011 14. 2.5 (Appro•• K. P. 4,2) to

North Sl4e of Rockland St. lridse 08 14 .79 (Approx. H. P. 4 , 8)
(Contour Packacina Corporation Offer)

tlac:ll....... ............-........................................... •

t.

._,

a.&.

-~--- - ..··-··-···················································
Tlla Dld:a • ••••••••••••••••••
••••.•••••••••••••••••••••••••••••••••••••••••

.

~

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10 ,363

I

33,962

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. . . . .. , . , . . . , . . _ •

t't t t t t t t t t t t ' t • t t t t t • t t t t t t • ' '

• • • • • • • • • • • • •• •• • • • •

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I

9
10

0
0

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0

1111 . . .- - ........ .................................... .... .... ...

~

............................................................

............ 1:11
Lin
llo

560
0

Total. . . . ~··-·············-······················· ········· ······

~........ .. ....

9,803

. . . . . . . . . . . . . . . . . . .. . . . . ..

......
.... ....c....·--..........
. ................................................
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44,325

33 ,962
43 , 350

77 , 3 12

roomon:s
lDYratory of ••l•aarable aat•rlal• drvrloped by Oil-lite i111prction and valu•d
uaina ncmt fair urket pricea fDT Ub uurhll.
Cvrrmt eppreia•d value.

Paa• 1 of 1

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~olidatd WI ~atlaa
Appllud1111 for Allall4~t.

Docbt Al-167
lub •o. 690

!XBDJ':' D - 1
ESTIMATED 'RU 1.10UJDATlOR VALUE
aETIILDlDt BIWICI

South Side of Cayv&a St. Brid&e Cll flo.U (Approx. "·'· 4.2)
to
Bo~th Side of &ockl811d St. Brid&a 08 14. 79 (Approx. ".P.4.8)
(Tnck not aueatJAl to nne Coatou~ Packa1ia1)
.58,5$4

I

t.

. _........... -···-··········-···-···················-···············

.. .......·············---············,,..................................

1

TIUslp . - . :

~

14,615.

~-----·-····-·-····-·············-········ ····················

3,6~

..
.
L

~~----··••••••••••••••••••-••••••••••••••••••••••• •••••

18 249

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..
tt..

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........... .......:at•!ell;•• ....................... ........... , ; •••••••••

f..

..

40,305

0
40,305

....,..,_._,.,..

t.w.................................................................... .

~

..............
_,..... ·····································
·-YaM···············································

~-LIQ
. . . . . . . . . 1Q

0
I

40, 305

FOOTNOTES

Lilla
llo

9
10

JanntoT')' of aa1Ya&ea!.le aatarh1o dnelc.pd 'I>) oa•aite i111pectioa aad valued
lair . .rket pricea for li~ aateriala.

~•in& ¥•~eDt

Curraat

app~aiaed

vaJaa.

~--~----------------------------------------------_.
•••• 1 of 1

M. IUaiARD COHEN

N. J . Prosperi
Supervisor - Real Estate
Conrall
150 Allendale Road
Ung of PrussLa , PA

Re :

19406

Bethleheg Brancb ~.P. ~ · ito H.~. ~·8~
Bethlehem Branch ~.P. 4. to H. . .9
Olney Running Track
Philadelphia, Pennsylvunia

Dear Mr. Prosperi :

·-

At your request, l have inspected and appraised the abovecaptioned segcenta of railroad rigbta-of-vay. It is my
opinion that the net 1
o~ . theae three r1ghtof-vay ses=enta, aa of
111 follova:
\

Olney Runnln$ Track
The analysis leading
port thAt follava.

M. RIOIARD COHEN

N. J . Prosperi
Supervisor - Ileal Estate
Conrail

150 Allendale Road

Ring of Prussia, PA
Re :

19406
Bethlehem Bron;h fH ·P· 4. 2 to M.P. ~ - 8~
Bethlehem BranCh H.P. 4. 8 to H. P. .9
Olney Running ~ack
Philadelphia, Pennsylvania

Dear Mr . Prosperi :
At your reqcest, I have inspected and appraised the abovecaptioned segcents of railroad rigbts-of-vay. It ia my
opinion that the net liquidat
these three rightof-"'"llY aegcente, as of Harc:h
aa .follova:

Olney Runnin.s Traclt

The analyaie leading
port that follova .

/tdp
Enclosure

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-.
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THE PROPERTY
The subject property conaiata of a aegcent of

.

.

three Philadelphia, Pennaylvmi.a
. rlghta-of-vay
.. know u \
Line Code 0331 , Olney Ruzmi.Dg Track, Mile Poat
.... 0
-:
HUe Poat 7.S; and Line Code _0301, aetblebam Br anch, ~
..
....
HUe Post 4.2 to HUe Post ·4.8 and Hile Post 4.8 to HUe

to ·

.

·

~-

Po st S. 9.

Con~olida ted

Rail Corporation.

PURPOSE OF APPRAISAL

.

The PUI7 0&e o f this appraisal ia to estimate tho

merce Coc:dn i cm.
For the
Value 1a

~

Value c:oucept

UIUCIIII

that

aa long as three to five yeara.
'nle value eaticate 1~c:ludia ·Only real eatata
md uau::su that the land hu
except balla1t.

ha~ &lj:~tra~ge remOved

.._

It dou not inc:lud.ti' ralls, rolling ·ltoc:k

•J

.

or other 1te:s not considered real .p:~perty.
no buildings included 1n thia report.

'

~re.. •~

Th.ia valuation dou

not include bridge a .
In valuing the rights-of-way, land areu have
been provided by Consolidated Rail Corporation.

'there hu

..

been no independent attempt to verify the c:aleulat10D8 of
area and no independen t sunray exists.

Hovever, the appraiser

is fa::rlliar vith the section ape for tnf.a line md 11 under

the opinion that
For the purpoao
been uauced that the

to thia right-of-vay.

No · .ati:i:,~t:·~~~:~~·een

the quality of the title.

found in other parts of

tion of

,

.. ~~

inap~~ti;m

a hip and count)' cap a.

·~

"r:"'
···1 ~
die' ; 3-U· ·

i

·r

'/J~

included

-~.

aeneral neighborhood of

the lubject property,

noting 1D par•

tieular the types of land uaea, physical cbaractariatica,
'•

r

.

structures, topographical 'probl~, p~re«ntage of ,undavel~ed
..,.. "
'' "t .

..

t...•·r ~
, ..,., , ~
• • ::i.. ,
• .. '

'

~

,

- '·

'

land, =ing and other facto~, considered ,pertineJ!t to 'th~ · r

...~, ..~.

apprai sal •

~ ~.,.-,...

~

In estimating the

r~- !l r

~

J't.

.--..::.. ·.:r~.:

'-- . .

~ .

'1

.~.· ~

•• '

~!

1 ••

_....

· • . . ..... , .,

.,.,.•
-

• .•

•:t.

~

-:-

,;

'·.

"

....

1'his vu the analysis of ~oc:Parable aale.a _!lata.

The market

price for sil:dlar land, either adjacent or in close pro:d.mity
to the subject property with

~he

same highest and bolt use

vas considered the applicable ~thod for valuin~ this real
estate.
In uti 11 z.ing the
land, this develops a
valuation

'Ihe subject
oua parcels dopending
t

\ an a

C~ec:hanic:al ·auD.~r,.~.­

logical boundaries.

value .

Vilue
of the ·sUbject property,· - • ~ , ;
... to\'
'

the standard method of valuaticm for vacant 'land waa utilf.zed. ·

Rather

lt

of market value of similar

.. .....
a meaaure of bov
carketable the individual r1aht-of-vay ia.
vill dapand on tha carketabi.tfi; 'of the
-

·' · ·

,

JJ •.r,~.-,

vano~

.,. -!"' •• ·<..

Some

vithin each rlght-of-vay aepent:

'lbil, 1n tum,

..

percale

..

parceta are 'only'

·_. . .:··:~ .

~'

carketable at a aev,,re dbcoUDt (altuatloni wtlere · there ~
"it '

1a no demand).

~

"'

..

~

!'

there are cud"where a.. pii:cal coul J aell
~-

r

.,.. .~"

at • preciu:D (altuationa of hish demand)·*

1a usually an lnatmce where

..

the

nus

latter cue

......

subject ,PI!_rcal either con-

trols a road frontage or 1a aurrounded on tvo aldea by a

\

cocman Olo-nerehip.

t

It b

noted that there are two types of situation•

when valuing a right-of-way for nat liquidation value.

The

j

first 1a

the other 1a an "abutter"

parcel .

..

A "develcpable"

cal and economic

oped or

a ubdiyid~d

An "abutter" p ..._.,,~~-~· ..J9l~_J;;lLD!f~!·~·~~~··l~~;f!!1

e.atate that,

or other physical
except to m

L .. •

...

.'
' '


t

..... •

In prep•rins tbia apprai1al, it 11 noted that
.th11 vaa ,, U=itad

appzaJ~al

aulJIII=Mint

vithou~

conlider-

de~lad documentatl~· to 1upport
Nevertbele11,' th~ neultl ob~inecl in ~la /:.

ing all data or 1upplylng
value utioatea.

analyau vera conaidered by the appraiaar to be ,,pplical-le

-•:. -.:'vi~~
1\"'

\;"_'~·" .

and depeDdable.
SPECIAL LIHITINC CONDITICr.S
In appraiaing the 1ubject rigtts-of-way, the
appraiser hu used the auumption that good mel marketable
title waa owned for each property .

For

~tancoa

where

good title 1a not available, eD adjustment vlll be required
to this value .

·.

DESCR.tPTION OF RIGHT-OF-WAY

..

'Ihe Oluey Running Track atarta in

.

..

Induatrlal D!atrlct of Philadelphia.

.'

•.

'Iha location atart11

.

'

out close to Erie Avenue in a reasonably good 'in!fWitdal
district and

I

ex~enda

north1lard through a declining

oo~rcial and roaidentia~ neighborhood.

·•

to iq»rove at the DOrthem 'end.

tha ••c~ of

the rlgbt-of-

way pauea two major SEPTA faeilleiea . - Other adjoining propert!ee are

VALUATION lOlU'.AT
On

the pages that follow, there 11 a summary of

the "Acrou-the-Fence" Value md
lrulicated
~ '

..

net liquidatlon value for each parcel.

diaco~t~t'' for
... , ~'1[1:1
...·-:..'j·;r.,·~·• ·.·

..

·~

;I

~

The parcels vera, ·••
.;....;·~

·e.=·..·~
-·~-'.:~~'k·
·"" ·,.;:, .",; ..., ......'.

"'

eatabliahed buad on the valuatlon aapa.

• f'l' " •

;'i

'Iberefore,

parcel 1.1 apprcxlcately one· lillie lcn;tS· "'·

For each {'&reel, then 1.1 a separate abeet' ~~-..
~A

.. .

dicartng the Ac-cou - thc-Fence Value and the

" .
type of dij- , ~

c:Dunt required to convert thia to a Net Liquidation

.-.

'

• •.

Va1~7

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..~..:
In analydng the blgheat md but use, the followlng terms,

'

-.

:.. •

1.f used, cay require an explanation:

a.

Controls Frontage
thb indlcataa that
la located between
erty and the street

case, there 1i' W.Wil
to

provide

artY.

rlll,

b.

to

... i

c.

Rear Acca11
Th11 todicatal ·that acce11 to a · rear
road 11 blocked by the ri&bt•of~ay.
Tbara could oi coUld not Sa a grac!a
cro111Dg. 'D111 11 va::y 1f.milar to ·
the c:onc:ept of contTolllag the film·
"':qe
· .. , ~.. ... · . ..
-. "';""•· · • ..... "

......;. .:;.rz.. •

d.

·~
Located 1D Strlp

. "" * •

t. .

••

In !lev Jeney, it 11 very c:oii:IOD to

ftod a rlght-of-vay located 1D a
ltrlp to the center of e road or
bee-o~ecn tvo roadl.
Usually this 11
a very narrov strip that 11 of lim·
ited value for my other use .

On ueh sheet, an Acrosa-the-Fenc:e Value vaa

ahc\.-n , 1.ndic:at1Dg the
A c:ocroa1te value vas

..

vay, which vu d1a eoun ted. ~ '-~~w.,._.,...,
it would be to carket
• -ighted average for ~e;j~~'lre
of-vay being appra!1ed.
of the rlght-of--vay
of t:1.me and other

pa·re@ll"ij::,e;~.d

that parcel.

..

I •

Bethlaham Branch
Philadelphia, Pennsylvania
Mile Post

B£1lii.Ef!EH BRANCH ( 4 2 to '• 8}
o

S!CTION f'..AP

4-l/4

AR£A

LOA
2 oSA

1.58A

ATF VALliE

$ 15,000

37,SOO
19 ,750

o

DISCOIJfrr

40t

$

40t

9,000

22.soo

40t

11,850

TOTAL

·,

NET LIQUIDATION VALliE

$ 43,350

7'·0-W VALUAtiON
; -UE FOR OiliER USE

LINE IDENTIFICAIION:
PARCEL

lDE~ITlFICAIJJN :

Line Code 301, Bethlehec Branch ,
Hila PoJt 4 . 2 Lo Hila Poet 4. 8.
Section ~~p 4· 1/ 4.

PARCEL SIZE:

1.0 acres .

tOPOGRAPHY:

Built-up area of Philadelphia,
varied.
Below street grade at croJJingJ,
athRrade
with adjacent land end
ot
er areas.
Declining industrial neighbo~hood
adjoi~ right-of-way .
Marginal
residential neighborhood noarby
Old area of Philadelohia . l.icited
activity .

NEIGHBOl'JiOOD:

HIGHEST AliD BEST USE:

Incorporation with adjacent land ,
multiple a.n ership , limited decand.

I!IDICATED U!IIT VALUE:

$15 ,000 per a cre .
Limited
ovnorll

PBC7IO

IDEffi"IFICAIION:
Cayuga Stroot looking
at right-of-way .

(Ac roJJ·thc·fence)
c:ultiple
required.

R•O•\l VALliAl'lON
VALUE FOR. ontER USE

LINE IDENTIFICAIIOH:

Line Code 301 , Bethlehem Branch,
Mile Post 4 . 2 to Milo Poat 4 . 8 .

PARCEL IDEIITIFICATlON:

Secti on

PARCEL SIZE:

2.5 ac:::ea.

TOPOGRAPHY:

Built-up area of Philadelphia, var i ed .

ELEVATION:

Located on embankment at one end and
in cut at other end.
Declining industrial neighborhood
adjoins right-of-way . Marginal
residential neighborhood nearby .
Old area of Philadelphia. Limi~d
activit y.

NEIGHBORHOOD:

~Ap

4-1/2 .

Fifth Street in co~erci al district
two blocks eas t .
HIGP£ST AND BEST USE:
INDICA!ED UNIT VALUE :

Incorp oration with adjacent property
o•~or s .
Ltci ted decand due to e levation and multiple ownersh ip . ·
$15,000 per acre . (Acro&s-the-fen ce )

-'rt.a~ge discount r equired due t o
lbultiple

PBC7IO

I DENTIFICATION:
Courtland Street
Brid ge CroGolng

~ersbip

and elevation .

'

R·O·\l VALUATION
VALUE FOR O'lliER USE

td .

CPJ d~

301 , Bethlehec Bron~ .
ost ' · 2 to Hi e Pos t 4 . ~ .

LINt lDEh7IFICAIION:

Lloc
M lc

PARCEL IDENTIFICAIION:

Section

PARCEL SIZE:

1 . 58 acres.

TOPOGRAPHY:

Built-up area of Philedelpbi.a, varied .

E1.EVAI ION:
NEIGHBORHOOD:

~~p

4·3/4 .

Loca t ed in cut .
Single-facily residenti£1 developcent bordering the east side of
the a ubj e c t r! gbt-of-vay

~d

marfinal industrial and co~~c ial
fa c litics on the YOSt side.
Surr ounding neighborhood is carginAl
row-hous e neighborhood.
t)

RICHEST AND BEST USE:
lNDICAIED UNlT VAWE:

Incorporation vi th adjacent lan~
by subdivision . Multi ple ~~ers .
$12,500 per acre .

(Acron-the -fence)

'Lar ge dis co\Dlt required fo r c:ulc:lpl e
ovnersh1p .

PHOIO
l DENTlFICAilOtt:

Rockland Str eet
ll t right-of-way .

· · Ttit1a
~

that· 1

,. .l1 '

ect proporty . and
•~

,.

. . : ~ •" ~ ;- ~, ..... • - f
have~ no. finnncial
..... ~

t;

\

intere•F therein •

employment 1a in no· vay contingent upon the"uxa mt of
.'

valWltion .

.._ .. r (

..

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j

,.

No conliido-ration hu been. giv~n t b. m y

tion of t i tle ,

Tb~a

• "

I

., -"'

appraisal asaumea good and ~r-

ti,.lo , free nnd cloar. of all l i ens nncf encumbrances .
Respe ct ful ly submitt ed ,

~«fo!-

HAl , SRPA, ASA , PE, R/ W

M. RICHARD COHEN

Li.cenaed lleil EIL:!ta Broker - Pe:msylv&:Ua
Rwg1etered Profeea1~a1 Engineer
Pann•ylvmtn, &ryland and Ohio
Acer1can Institute of Real Estate

"j

Apprahera (MAl)

Senior

~~:D~r,

Acer1can Society of

Apprd rc;oa (ASA)

Senior Kel:ber, Society of Real £state
Ap pra11era (SRPA)

Senior Me:ber, Acerican Right of Wey
Association (R/W)
Pcnnay l vcnia Soc1ecy of Profcaa1onal

tnginure (P£)
EXPERIENCE:

EXPERIENC~:

Currently a ae::ber of the faculty of
Oniver61ty of Pennsylvania ~ton
School teaching t cono=lcs of C~truc:­
t1on , Valuation and Real Estate Prac:ti~
Forcerly a ~iroc:tor of Elkins Park
National Bmk
Forcorly Adviaory Boar~ X~-her of
Industrial Vall.. ; B ani~
Forccrly e Director of C•>~s • Saving•
and Loan Aa coc1el1on
Pennsylvania, New Jeracy, ~ev York, Ohio.
Maryland, Mic '~Sill and l>tl ouare

L ..tERT TESliMoti'Yr

IHEN

Bo fore Federal and l oc:el courta, alao
Boarda, Cocci1s1on1, ArbitTattona, etc .

ltf. RICHARD COHEN

..

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