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INVESTMENT OPPORTUNITIES

Offered by the FSM Development Bank

Offered at $150,000.00 including ground lease

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• Business currently in operation.
• A 2 story building completed in 1998.
• A 10 room furnished hotel and restaurant.
• Located on Falalop Island, Ulithi Atoll, Yap State.
• Long term lease available to December 2038.
• Available to FSM citizen and non-citizen investors.
• All serious inquiries accepted.

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Contact: Nora E. Sigrah
phone: 691-320-2840 fax: 691-320-6533
email: noras@fsmdb.fm

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WAAB TRANSPORTATION COMPANY STOCK

• A Federated States of Micronesia corporation originally chartered by the Trust Territory of the Pacific Islands, doing business primarily in Yap State.
• More than 400 shares of common stock available for purchase at par value of $ 25.00 per share.
• Ownership of stock must be held by FSM citizens.
• Shares of stock shall be sold in the order that payment is received.
• Purchase of shares of stock may be completed at any FSM Development Branch office: Colonia, Yap; Weno, Chuuk; Kolonia, Pohnpei; and Tofol, Kosrae.

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For more information contact: Nora E Sigrah, Legal Counsel, email: noras@fsmdb.fm, telephone: 691- 320-2840, fax 691-320-6533, website: www.fsmdb.fm

NOTICE OF LAND SALE BY AUCTION

Pursuant to the orders of the FSM Supreme Court entered on October 3, 2011 and October 25, 2011, public notice is hereby given that the parcels described below will be sold by auction to the highest bidder under the following terms:

Parcel no. 007-E-01, land known as Daglip, situated in Rumuu Village, Fanif Municipality, Yap State, with an approximate area of 859 square meters, as described in the certificate of title issued on June 26, 2001 and registered as Document No. 3894 at the Yap State Registrar and as further described on cadastral plat no. 007-E-00 filed in Yap State Land Registry.

Parcel no. 031-F-02, land known as Makal, situated in Dugor Village, Weloy Municipality, Yap State, with an approximate area of 957 square meters, as described in the certificate of title issued on February 4, 2002 and registered as Document No. 4009 at the Yap State Registrar and as further described on parcel split no. 031-F-01 filed in Yap State Land Registry.

Parcel no. 046-B-01, land known as Ganabtagil, situated in Malon Village, Maap Municipality, Yap State, with an approximate area of 9,235 square meters, as described in the certificate of title issued on October 11, 2001 and registered as Document No. 3967 at the Yap State Registrar and as further described on cadastral plat no. 046-B-00 filed in Yap State Land Registry.

• There is no minimum bid amount.   Bids may be submitted for one or more parcels.
• Bids shall be submitted in a sealed envelope marked “February 23, 2012 Land Auction” by personal delivery to Ms Katherine Gisog at the front entrance area of the FSM Supreme Court courthouse in Colonia, Yap on Thursday, February 23, 2012 between 2 p.m. and 4:00 p.m.
• The deadline for submitting bids will be 4 p.m. on Thursday, February 23, 2012
• All bid submissions must state the full name, mailing address, phone or fax numbers, e-mail address or other valid contact information for the bidder.
• All bid submissions must clearly state the bid amount for each parcel.
• The winning bidders shall be conveyed title through a duly issued Court order transferring title to the land, including all buildings, fixtures, equipment, and other improvements on the land, upon delivery of a cashier’s check in the full amount of the bid payable to the “FSM Development Bank” no later than ten (10) days after notice is given.  The winning bidder must be eligible to hold title to land in the Federated States of Micronesia.
• If the winning bidder fails to remit payment within the required time, the award will be granted to the next highest bidder and the same conditions will apply.
• The parcels are offered for sale “as-is” with no guarantees or warrantees as to their condition whatsoever.
• Questions concerning this auction may be directed to Nora E Sigrah, Legal Counsel, email:  noras@fsmdb,fm , FSM Development Bank, PO Box M, Pohnpei, FM  96941, phone no. 691-320-2840, fax no. 691-320-6533, website: www.fsmdb.fm

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NOTICE OF LAND SALE BY AUCTION

Pursuant to the orders of the FSM Supreme Court entered on January 6, 2011, December 8, 2011 and December 22, 2011, public notice is hereby given that the parcels described below will be sold by auction to the highest bidders under the following terms:

Parcel no. 035-K-33, land known as Finanpes, situated in Lelu Municipality, Kosrae State, with an approximate area of 1,366 square meters, as described in the certificate of title issued on August 17, 2011 and registered as document no. 15493 at the Kosrae State Registrar and as further described on cadastral plat no. 035-K-04 filed in the Kosrae State Land Registry.

Parcel no. 055-D-14, land known as Kinakapw, situated in Madolenihmw Municipality, Pohnpei State, with an approximate area of 10,112 square meters, as described in the certificate of title issued on April 10, 2003 and registered as document no. 19416 at the Pohnpei Court of Land Tenure and as further described on cadastral plat map no. 055-D-02 filed in the Pohnpei State Land Registry.

• Bids for the Kosrae parcel shall be submitted in a sealed envelope marked “March 1, 2012 Land Auction” by personal delivery to Mr Teroa George at the front entrance area of the FSM Supreme Court courthouse in Tofol, Kosrae on Thursday, March 1, 2012 between 2 p.m. and 4:00 p.m.
• Bids for the Pohnpei parcel shall be submitted in a sealed envelope marked “March 1, 2012 Land Auction” by personal delivery to Mr Ricky Jano at the front entrance area of the FSM Supreme Court courthouse in Palikir, Pohnpei on Thursday, March 1, 2012 between 2 p.m. and 4:00 p.m.
• There is no minimum bid amount for either parcel.
• The deadline for submitting bids will be 4 p.m. on Thursday, March 1, 2012.
• All bid submissions must state the full name, mailing address, phone or fax numbers, e-mail address or other valid contact information for the bidder.
• All bid submissions must clearly state the bid amount.
• The winning bidder shall be conveyed title through a duly issued Court order transferring title to the parcel, including all buildings, fixtures, equipment, and other improvements on the land, upon delivery of a cashier’s check in the full amount of the bid payable to the “FSM Development Bank” no later than ten (10) days after notice is given.  The winning bidder must be eligible to hold title to land in the Federated States of Micronesia.
• If the winning bidder fails to remit payment within the required time, the award will be granted to the next highest bidder and the same conditions will apply.
• The parcels are offered for sale “as-is” with no guarantees or warrantees as to their condition whatsoever.
• Questions concerning this auction may be directed to Nora E Sigrah, Legal Counsel, email:  noras@fsmdb,fm , FSM Development Bank, PO Box M, Pohnpei, FM  96941, phone no. 691-320-2840, fax no. 691-320-6533, website: www.fsmdb.fm

 

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FOR SALE BY AUCTION