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COMMERCE BUSINESS DAILY ISSUE OF JANUARY 18,1996 PSA#1512

National Park Service, Hot Springs National Park, PO Box 1860, Hot Springs, Arkansas 71902-1860, (501) 624-3383

X -- LEASE AND REHABILITATE HISTORIC BATHHOUSES SOL 1443RP73009600. POC Project Manager Ray Yunk, (501) 624-3383. Two National Park Service properties available for long-term lease. Great location in Bathhouse Row Historic District of Hot Springs National Park, the heart of the resort and spa city of Hot Springs, Arkansas. Recent stabilization, abatement, and exterior and lobby rehabilitation work completed by National Park Service. Remaining rehabilitation and conversion for adaptive use to be performed by lessee. Negotiable lease terms. Lease payments (fair market rental value) offset by value of lessee improvements. The rehabilitation of these National Register properties may qualify for Rehabilitate Tax Credit. Further information and a copy of the request for proposals to lease and rehabilitate may be obtained by contacting Project Manager Ray Yunk or Park Superintendent Roger Giddings. Proposals will be accepted until 4:00 pm (local prevailing time) on May 1, 1996. (016)

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