Municipal Act, 2001
Sale Of Land By Public Tender
The Corporation Of The Township Of Cramahe

 

 

 

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 Wednesday, June 8, 2016, at the Town Hall, 1 Toronto St., P.O. Box 357, Colborne, ON K0K 1S0.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Town Hall, 1 Toronto St., Colborne.

 

 

Description of Land(s):

Roll No. 14 11 012 010 11700 0000, 15 Park St W, PIN 51141−0363 Lt, PT LT 32−36 Pl Reid Cramahe; PT Blk B Pl Reid Cramahe As In CL145842 & PT 3, 38R996; Cramahe, File NDCE14-006-TT

Minimum Tender Amount:$10,375.02

Roll No. 14 11 011 030 10718 0000, PIN 51242-0120 Lt, PT LT 16 Con 4 Cramahe PT 18, RDCO86; S/T Right In CL125092; S/T CL125092; Cramahe, File NDCE15-007-TT

Minimum Tender Amount:$4,707.84

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 (or board) and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to, existing interests in favour of the Crown, environmental concerns or any other matters relating to the land(s) to be sold. Any existing Federal or Provincial Crown liens or executions will remain on title and may become the responsibility of the potential purchaser. 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 and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

Note: HST may be payable by successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Tracey Lockhart
Financial Clerk–Revenues
The Corporation of the Township of Cramahe
1 Toronto St., P.O. Box 357
Colborne, ON K0K 1S0
(905) 355-2821 ext. 231
http://www.cramahe.ca

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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