THE CORPORATION OF THE CITY OF ST. CATHARINES
TAKE NOTICE that tenders are invited for the purchase of the land(s) described below and will be received by the City Clerk, or his/her representative, at Citizens First, City Hall – Second Floor, 50 Church Street at James Street, St. Catharines Ontario L2R 7C2 until 3:00 p.m. local time on Monday, December 4, 2017. Tenders received after this time will be returned unopened.
The tenders will then be opened in public on the same day as soon as possible after 3:15 p.m., local time in the Merritt Room, First Floor, City Hall.
Ontario Tax Sale properties City of St Catherines
Dec 4,2017 Ontario Tax Sale properties City of St Catherines Description of Land(s):
Property known municipally as
15 Yale Crescent and being described as PCL 4038-2 SEC CP2 ST CATHARINES;
PT LTS 4038 & 4043, CORPORATION PLAN 2, PART 2, 30R2009; T/W PT LT 4043, CP2, PART 3, 30R2009, AS IN RO354557; ST. CATHARINES Roll No. 2629.030.008.08600.0000
Minimum Tender Amount: $950,733.77
Property known municipally as
21 Yale Crescent and being described as PT LT 4042 CP PL 2 GRANTHAM PT 1, 30R4661; ST. CATHARINES
Roll No. 2629.030.008.08900.0000
Minimum Tender Amount: $604,376.28
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:
Sharon Scott
Revenue Supervisor (Acting)
The Corporation of the City of St.
Catharines
PO Box 3012, 50 Church Street
St. Catharines, ON L2R 7C2
Telephone: 905.688.5601, Ext 1414
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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