Sale of Land by Public Tender

The Corporation of the Township of Otonabee-South Monaghan

Sale of Lands for Tax Arrears
by Public Tender Ontario, Canada

TAKE NOTICE that tenders are invited for the purchase of the Sale of Land by Public Tender – Otonabee-South Monaghan land described below and will be received until 3:00 p.m. local time on July 5, 2017, at the Otonabee-South Monaghan Municipal Office, 20 Third Street, Keene Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Otonabee-South Monaghan Municipal Office, 20 Third Street, Keene.

Sale of Land by Public Tender – Otonabee-South Monaghan

Description of Land(s):

Roll No. 15 06 020 030 30700 0000; 6 Long Island, Bailieboro; PIN 28021-0063(LT); Lot 103 Plan 162 S Monaghan T/W R699354; S/T SMD3391; Township of Otonabee-South Monaghan; File No. 16-07 Minimum Tender Amount: $17,247.91

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, HST if applicable and the relevant land transfer tax.

Transfers of properties in this jurisdiction that contain at least one and not more than six single family residences and are transferred to nonresidents of Canada or foreign entities are subject to the Province's Non-Resident Speculation Tax (NRST).

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:

Jackie Fitzgerald

Deputy Treasurer

The Corporation of the

Township of Otonabee-South Monaghan

PO Box 70

20 Third Street

Keene ON K0L 2G0

(705) 295-6852

jackief@osmtownship.ca

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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