sale of land by public tender

Ontario Regulation 181/03

Nov 6,2018 Ontario tax sale properties Rainy River

Municipal Tax Sales Rules

The Municipality of Rainy River

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 November 6, 2018 at the Municipal Office at 201 Atwood Avenue, Rainy River, ON, P0W 1L0.

The tenders will then be opened in public on the same day at the 3:01 pm at the Municipal Office 201 Atwood Avenue, Rainy River, ON, P0W 1L0.

Description of Land(s):

302 Fifth Street, PCL BLK 12-25-2 SEC M77; LT 25-28 BLK 12 PL M77 atwood; rainy river PIN: 56056-0440

Minimum Tender Amount:

$10,070

Tenders must be submitted in the prescribed form and must be accompanied by a deposit of at least 20 per cent of the tender amount, which deposit shall be made by way of a certified cheque/bank draft/ money payable to the municipality (or board).

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land(s) to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

If applicable, please check the following box:

□ The land(s) does(do) not include mobile homes situate on the land(s).

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.

According to the last returned assessment roll, the assessed value of the land is $57,750 A copy of the prescribed form of tender is available on the website of the Government of Ontario Central Forms Repository under the listing for the Ministry of Municipal Affairs.

For further information regarding this sale contact:

Veldron Vogan

Chief Administrative Officer

Municipality of Rainy River

201 Atwood Avenue, Ontario P0W 1L0

Phone: 807-852-3978