Jan 14, 2016 Tax sale properties Orillia, Ontario
Tax sale properties Orillia, Ontario
MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF ORILLIA
TAKE NOTICE that tenders are invited for the purchase of the land
described below and will be received until 3:00 p.m. local time on January
14, 2016, at the Municipal Office, Orillia City Centre, 50 Andrew St.
South, Suite 300, Orillia Ontario.
The tenders will then be opened in public on the same day as soon as
possible after 3:00 p.m. at the Municipal Office, Orillia City Centre, 50
Andrew St. South, Suite 300, Orillia.
Description of Land(s):
Roll No. 43 52 040 402 03800 0000; 64 Front St N, Orillia; PIN 58663-
0052(LT); Part Water Lot 12 E/S Front St or Water St. or Gerald Alley Plan
8 Orillia as in RO509258; S/T execution 01-00848, if enforceable; Orillia;
File No. 14-02
Minimum Tender Amount: $114,253.61
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, crown interests, or any other matters relating to the land
to be sold. Responsibility for ascertaining these matters rests with
the potential purchasers.
Any interests of the Federal or Provincial
Crown encumbering the land at the time of the tax sale will continue
to encumber the land after the registration of the tax deed.
The land was previously advertised for a sale to be held on the 22nd day of
October, 2015 but the sale was postponed.
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, visit: www.orillia.ca or if no internet access available, contact:
The Corporation of the City of Orillia
Orillia City Centre
50 Andrew St. South, Suite 300
Orillia ON
L3V 7T5
(705) 329-7237
Tax Sale Envelope
http://www.orillia.ca/en/livinginorillia/taxsaleproperties.asp
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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