municipal act, 2001
May 3,,2017 Ontario Tax Sale properties Kitchener
sale of land by public tender
The Corporation of the City of Kitchener
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 May 3, 2017 at the City of Kitchener, City Hall, 200 King Street West, Supply Services, 4th Floor, Kitchener, Ontario N2G 4G7. The tenders will then be opened in public on the same day at the same address at the City of Kitchener, City Hall, Scott Room, 9th Floor, at 3:30 p.m.
Description of Land(s):
PIN 22326-0146; Lots 447 and 448 and Part Lot 446, Plan 376, being Part 1 on WDR150, City of Kitchener, Regional Municipality of Waterloo; 152 Shanley Street, Kitchener, Ontario; Tender No. T17-076.
Minimum Tender Amount:
$1,086,116.41
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:
Michelle Palmer
Director of Supply Services
The Corporation of the City of Kitchener
Finance and Corporate Services
4th Floor, 200 King Street West
Kitchener, Ontario N2G 4G7
Phone: (519) 741-2200 Ext. 7214
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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