Notice is hereby given that, under the provisions of the Municipal Government Act,

The City of Red Deer will offer for sale, by public auction, in the Crimson Star meeting room at City Hall, 4914 48 Avenue, Red Deer, Alberta, on Monday,

December 15th, 2014, at 1:00 p.m., the following privately owned property:

Lot Block Plan C of T

 

 

 

23 6 0124496 072 156 131

18A 19 8121608 032 256 453

81 13 9123502 982 217 689

31B 12 8020563 052 295 635

15A F 7722405 982 282 413

19 4 7922591 952 329 942

130 5 0426542 072 439 190

All properties offered for sale by Public Auction are viewed externally and an estimate of the market value of each property has been made based on that review.

This estimate of market value is used as the reserve bid and it represents the minimum bid that will be accepted at Auction. All sales will be subject to a reserve bid.

Reserve bid values will be available 30 days prior to Auction from the City Revenue

& Assessment Services department. Purchaser will acquire the property free of encumbrances, subject to those exceptions listed in sections 423 and 436.14 of the

Municipal Government Act.

The properties will be sold strictly on an “as is, where is” basis. The City of Red

Deer makes no representation and gives no warranty as to the adequacy of services, soil conditions, land use districting, building and development conditions, absence or presence of environmental contamination, or the developability of the subject property for any intended use by the Purchaser. If the Land is occupied by a tenant in possession under a lease or rental agreement, the obligation and expense of obtaining vacant possession shall be the Purchasers’.

Only cash sales will be accepted or sales requiring loan funding which does not involve encumbering of the purchased lands and provides for closing funds upon the required closing date in the same manner as a cash sale. Vendor financing or financing using third party mortgages or encumbrances upon the purchased lands, or other similar financing arrangements, cannot be accommodated.

Purchase price payable by non-refundable deposit equal to 10% of purchase price due on Auction Date, with the balance of the purchase price due on closing. Payments by cash, bank draft or certified cheque only. Closing date for all sales will be 60 days after Auction Date, unless otherwise agreed to by the City. Successful bidder agrees to be bound by the Terms and Conditions of the City’s Standard Tax Sales Agreement, a copy of which will be included in Bidder’s Packages on Auction Date and can be obtained 30 days prior to Auction Date from Revenue & Assessment Services. Purchase price includes all taxes, rates, fees and charges accrued to

Closing Date.

Purchaser responsible for payment of all taxes, rates, charges, and fees for the property, after Closing Date.

The City of Red Deer may become the owner of any property not sold at the Auction.

In the event that payment of the arrears of taxes and costs is received by The City prior to the Public Auction, the property in question will not be offered for sale. There is no right to pay tax arrears after the property is declared sold.

Dated at Red Deer, Alberta, October 14, 2014.

Roxane Preedin,
Controller – Property Taxation

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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