[Federal Register Volume 59, Number 16 (Tuesday, January 25, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1564]


[[Page Unknown]]

[Federal Register: January 25, 1994]


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FEDERAL DEPOSIT INSURANCE CORPORATION

 

Coastal Barrier Improvement Act; Property Availability. Bear 
Island, St. Louis County, MN, et al.

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice.

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SUMMARY: Notice is hereby given that approximately 120 acres of vacant 
land consisting of a 22 lot subdivision located on the island commonly 
known as Bear Island, St. Louis County, Minnesota is affected by 
section 10 of the Coastal Barrier Improvement Act of 1990, as specified 
below. A second parcel of land consisting of an approximately 1.33 acre 
lake-side lot on the southern shoreline of Bear Island Lake commonly 
known as Lot 7, Block 1, the Park Shores Subdivision is also available 
for purchase.

DATES: Written notices of Serious Interest to purchase or effect other 
transfer of the property may be mailed to the Federal Deposit Insurance 
Corporation until April 25, 1994.

ADDRESSES: All written notices of Serious Interest must be submitted to 
Jennifer Gantner, Federal Deposit Insurance Corporation, 30 South 
Wacker Drive, Chicago, Illinois, 60606, (312) 207-0200.

SUPPLEMENTARY INFORMATION: The property, Bear Island, is approximately 
120 acres in size, has been subdivided into 22 residential lots and 
appears to be unimproved except for a wood shack and landing strip. It 
is located in Bear Island Lake, St. Louis County, Minnesota, 
approximately 7 or 8 miles south of Ely, Minnesota. A second parcel of 
land consisting of an approximately 1.33 acre lake-side lot on the 
southern shoreline of Bear Island Lake, commonly known as Lot 7, Block 
1 of the Park Shores Subdivision is also available for purchase. Both 
parcels are heavily timbered. There are several private resorts located 
on the southern shoreline of Bear Island Lake in the vicinity of the 
second parcel.
    Written notice of Serious Interest to purchase the property must be 
received on or before April 25, 1994 by Jennifer Gantner at the above 
address and in substantially the following form:

Notice of Serious Interest

Re: Vacant Land (approximately 120 acres) located at Bear Island, 
St. Louis County, Minnesota.

    This notice of Serious Interest is tendered in accordance with 
section 10 of the Coastal Barrier Improvement Act and publication in 
the Federal Register of a notice of Availability on January 25, 1994 
with respect to that property located at Bear Island, Bear Island Lake, 
St. Louis County, Minnesota consisting of approximately 120 acres.
    The (Name and Address of the Agency or Other Qualified 
Organization) is eligible to submit this notice under criteria set 
forth in Public Law 101-591, section 10(b)(2).
    The (Name of the Agency or Other Qualified Organization) intends to 
use this property primarily for wildlife refuge, sanctuary, open space, 
recreational, historical, cultural or natural resource conservation 
purposes.
    The proposed terms of purchase or transfer are as follows: [Insert 
Terms of Purchase].

    Dated: January 18, 1994.

Federal Deposit Insurance Corporation.
Patti C. Fox,
Acting Deputy Executive Secretary.
[FR Doc. 94-1564 Filed 1-24-94; 8:45 a.m.]
BILLING CODE 6714-01-M