municipal act, 2001
Aug 30,2018 Ontario Tax Sale properties Point Edward
sale of land by public tender
The Corporation of the Village of Point Edward
take notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on August 30, 2018, at the Village of Point Edward Municipal Office, 135 Kendall St., Point Edward Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Village of Point Edward Municipal Office, 135 Kendall St., Point Edward.
Description of Land(s):
Roll No. 38 31 000 030 00500 0000; 109 Michigan Ave.; PIN 43183-0082 (LT); Part Lot 1 Block A Plan 2 & 4 Point Edward as in L430322; Description may not be acceptable in future as in L430322; S/T execution 05-0000328, if enforceable; Point Edward; File No. 16-02 Minimum Tender Amount:
$315,850.13
Roll No. 38 31 000 030 00600 0000; 111 ½–111 Michigan Ave.; PIN 43183-0083 (LT); Part Lot 1 Block A Plan 2 & 4 Point Edward as in L563883; Point Edward; File No. 17-01 Minimum Tender Amount:
$56,995.69
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, crown interests or any other matters relating to the lands 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 any taxes that may be applicable, such as a land transfer tax.
The municipality has no obligation to provide vacant possession to the successful purchaser.
For further information regarding this contact:
Jim Burns
Chief Administrative Officer / Clerk / Deputy Treasurer
The Corporation of the Village of Point Edward
135 Kendall St.
Point Edward ON N7V 4G6
519-337-3021 ext. 101
