Sale of Land for Tax Arrears
Ventes de terrains par appel d’offres
pour arriéré d’impôt
MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF KIRKLAND LAKETAKE NOTICE that tenders are invited for the purchase, individually, of the lands described below and will be received until 3:00 p.m. local time on the 11th day of May, 2016 at 3 Kirkland Street, PO Box 1757, Kirkland Lake, Ontario P2N 3P4.
Tax Sale properties Kirkland lake – Ontario
The tenders will then be opened in public on the same day at 3:00 p.m., in the Council Chambers.Description of Land(s):
Tax File 14-20 (Roll #5468-000-004-11900-0000)
No Civic Address
TECK MCL 1557PT RP TER 297 PART 32
PCL 9773CST
Assessment: $30,500 Commercial
2015 Municipal & Education Taxes: $2,101.57
Minimum Tender Amount: $72,332.41
Tax File 15-01 (Roll #5468-000-004-04800-0000)
16 Woods Street
PLAN M110T LOT 443 PCL 5521CST
Assessment: $7,200 Residential
2015 Municipal & Education Taxes: $166.03
Minimum Tender Amount: $8,508.66
Tax File 15-03 (Roll #5468-000-023-00400-0000)
102 Carter Ave
PLAN M99T LOT 64PCL 3232CST
Assessment: $11,100 Residential
2015 Municipal & Education Taxes: $287.06
Minimum Tender Amount: $13,529.89
Tax File 15-05 (Roll #5468-000-004-12000-0000)
145 Government Rd W
TECK MCL 1557PT RP TER297 PART 3
PCL 9893CST
Assessment: $2,200,000 Commercial
2015 Municipal & Education Taxes: $151,588.80
Minimum Tender Amount: $835,433.21
All above properties are within the Municipality of Kirkland Lake, District of Timiskaming.
Tenders must be submitted in the prescribed form and must be
accompanied by a deposit in the form of a money order, a bank draft, or cheque certified by a bank or trust corporation payable to The Corporation of the Town of Kirkland Lake and representing at least 20 percent of the tender amount.
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 Sale Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus additional costs.
The purchaser is obligated to obtain their own solicitor to complete any transfer of property.
The municipality has no obligation to provide vacant possession to the successful purchaser.
Note: HST may be payable by the successful purchaser.
For further information regarding this sale and a copy of the
prescribed form of tender contact:
(705) 567-9361 Ext.229
(705) 567-9361 Ext.232
3 Kirkland Street
P.O. Box 1757
Kirkland Lake, ON
P2N 3P4
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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