Flats Industrial Railroad Company, a noncarrier, has filed a verified notice of exemption under 49 CFR 1150.31 to acquire by purchase, and to operate, approximately 4 miles of rail lines owned by Consolidated Rail Corporation between M.P. 14 at Cleveland, Cuyahoga County, OH, and M.P. 10 at Carter Road, Cuyahoga County, OH, including the industrial lead to Cereal Food Processors, Inc. The proposed transaction was to have been consummated on or after October 1, 1996.