Sale of Land by Public Tender Niagara Falls

Sale of Land by Public Tender Niagara Falls

municipal act, 2001

sale of land by public tender

The Corporation of the City of Niagara Falls

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 May 18, 2017, at the Niagara Falls City Hall, 4310 Queen Street, Niagara Falls Ontario.

 

 

 

 

 

 

 

 

 

 

 

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Niagara Falls City Hall, 4310 Queen Street, Niagara Falls.

Description of Land(s):

Roll No. 27 25 070 015 06000 0000; 6269 Franklin Ave., Niagara Falls; PIN 64358-0084(LT); Lot 20 Plan 40 Stamford; Niagara Falls; File No. 16-04

Minimum Tender Amount: $21,288.12

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:

Lisa Antonio
Coordinator of Tax
The Corporation of the City of Niagara Falls
4310 Queen Street
P.O. Box 1023
Niagara Falls ON L2E 6X5
(905) 356-7521 X 4302
www.niagarafalls.ca/taxsales

 

 

 

 

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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