Sale of Lands for Tax Arrears by Public Tender Feb 28,2018 Ontario tax sale properties Terrace Bay
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWNSHIP OF TERRACE BAY 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 February 28, 2018, at the Terrace Bay Municipal Office, 1 Selkirk Avenue, Terrace Bay Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Terrace Bay Municipal Office, 1 Selkirk Avenue, Terrace Bay.
Description of Land(s):
Roll No. 58 54 000 001 23601 0000; 17 Birch Cres., Terrace Bay; PIN 62457-0170(LT); Parcel 170-1 Section M121; Lot 170 Plan M121 Strey; Terrace Bay; File No.16-01
Minimum Tender Amount: $18,859.01
Roll No. 58 54 000 002 27700 0000; 28 Timbergrove Crt., Terrace Bay; PIN 62457-0756(LT); Parcel 151-1 Section M329; Lot 151 Plan M329 Strey; S/T LT141973; Terrace Bay; File No.16-02 Minimum Tender Amount: $24,149.13
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 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, HST if applicable 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:
Stan J. Spadoni
Treasurer/Deputy Clerk
The Corporation of the
Township of Terrace Bay
1 Selkirk Avenue
P.O. Box 40
Terrace Bay ON P0T 2W0
(807) 825-3315 Ext 227
