Sale of Land for Tax Arrears by Public Tender
municipal act, 2001
Apr 5,2018 Ontario tax sale properties Township of King
sale of land by public tender
The Corporation of the Township of King
take notice that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on April 5, 2018, at the Township of King Municipal Office, 2075 King Road, King City Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Township of King Municipal Office, 2075 King Road, King City.
Description of Land(s):
Roll No. 19 49 000 041 07200 0000; PIN 03363-0038(LT); Part Park Lot 8 Plan 167 King designated Part 2 Plan 65R16123; T/W R716795; King; File No. 16-02 Minimum Tender Amount:
$63,375.21
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.
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: Alice Liu
Manager of Revenue/Deputy Treasurer
The Corporation of the Township of King
2075 King Road
King City ON L7B 1A1
(905) 833-5321 x 4571
