municipal act, 2001 Sale of land by public tender
The City of Hamilton
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 Tuesday November 29, 2016 at the Citizen Service Centre 1st Floor, City Hall, 71 Main Street West, Hamilton, On. The tenders will then be opened in public on the same day at 3:10 p.m. local time in Room 264 of City Hall, 71 Main Street West, Hamilton, ON.
Description of Land(s):
1. Roll No. 25 18 260.200.35010
0 Cayley Street
note: this property is a non-developable parcel
PCL Plan – 1, Sec 62M536; Block 15, Plan 62M536;
Dundas City of Hamilton
PIN # 17584-0116 (LT)
irregular 0.02AC 5.02FR 177.00FR more or less
Assessed Value: Residential$9,000Minimum Tender Amount:$2,526.12
2. Roll No. 25 18 301.510.60000
967 Lynden Road
PT LT 13, CON 5 Beverly, As in VM136978;
Flamborough City of Hamilton
PIN # 17540-0038 (LT)
73.31AC 5260.00FR more or less
Assessed Value: Residential $841,000
Minimum Tender Amount:$55,992.88
3. Roll No. 25 18 060.604.00370
250 East 44th Street
PT LTS 49 & 50, PL 972, As in HL47983;
Hamilton
PIN # 17005-0173 (LT)
0.12AC 50.00FR 103.94D more or less
Assessed Value: Residential$240,000
Minimum Tender Amount:$33,195.86
4. Roll No. 25 18 040.288.00790
102 Gertrude Street
LOT 231 PLAN 465 Hamilton; Hamilton
PIN # 17219-0171 (LT)
0.07 AC 29.00FR 100.00D more or less
Assessed Value: Commercial Vacant$43,000
Minimum Tender Amount:$17,108.80
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 company (not a personal certified cheque from a Credit Union account) payable to the City of Hamilton and representing at least 20 per cent of the tender amount.
The municipality makes no representation regarding the title to or any other matters including any environmental concerns relating to the land to be sold. Any existing Federal or Provincial 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. The municipality does not provide an opportunity for potential purchasers to view properties nor is it in a position to provide successful purchasers with a key or vacant possession.
This sale is governed by Part XI of the Municipal Act, 2001 and as amended by the Municipal Statute Law Amendment Act, 2002. The successful purchaser is required to pay any relevant federal or provincial taxes that may apply on closing (including land transfer tax and HST). Failure to complete the transaction by the successful bidder (highest or if failed, second highest bidder) will result in the forfeiture of their deposit.
For further information regarding this sale including an updated list of properties still available for sale, and a copy of the prescribed form of tender documents, go to the City of Hamilton web site at http://www.hamilton.ca/taxsaleproperties, or contact:
Larry Friday,
Director of Taxation,
City of Hamilton,71 Main Street West,
Hamilton, Ontario L8P 4Y5
Attn: D. Kevin Beattie, Tax Sales Officer
Tel. (905) 546-2424 ext. 4538
Fax (905) 546-2449
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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