Sale of Land for Tax Arrears By Public Tender
Ventes de terrains par appel d'offres pour arriéré d'impôt
MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF NORTH BAY
TAKE NOTICE that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on March 23rd, 2016, at North Bay City Hall, Purchasing Department 1st Floor, 200 McIntyre Street East, PO Box 360, North Bay, Ontario P1B 8H8.
The tenders will be opened in public on the same day at 3:30 p.m., North Bay City Hall, 6th Floor Boardroom, 200 McIntyre Street East, North Bay, Ontario.
Tax Sale properties North Bay, Ontario
Description of Land(s):
1. Tender No. 2016-10: 401 Pinewood Park Drive, Parcel 13696 W&F,
Part Lot 32, Con. 12 West Ferris. Part 1, 36R4214 S/T Part 2, D188,
amended by LT306010; Parcel 3715 W&F, Part Lot 32, Con. 12, West
Ferris as in LT60402, S/T Part 3, D188, amended by LT306010, S/T
LT63171; City of North Bay, District of Nipissing.
Minimum Tender Amount: $122,221.40
2. Tender No. 2016-12: Lot 51 & 52, Plan 73, City of North Bay, District
of Nipissing
Minimum Tender Amount: $6,070.28
3. Tender No. 2016-13: Lot 11, Plan 69, City of North Bay, District of
Nipissing
Minimum Tender Amount: $6,115.52
4. Tender No. 2016-14: Lot 45-48, Plan 73, City of North Bay, District of
Nipissing
Minimum Tender Amount: $7,094.96
Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.
Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold.
Responsibility for ascertaining these matters rests with the potential purchasers.
This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.
The municipality has no obligation to provide vacant possession to the successful purchaser.
For further information regarding this sale and a copy of the prescribed form of tender contact:
Lorraine Rochefort
Manager of Revenues & Taxation
The Corporation of the City of North Bay
P.O. Box 360, 200 Mcintyre St E
North Bay, On P1B 8H8
(705)474-0626 Ext. 2127
DISCLAIMER
We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.
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