Feb 29, 2016 Tax sale properties Lougheed, Alberta
Tax sale properties Lougheed, Alberta
Notice is hereby given that under the provisions of the Municipal Government Act,
Village of Lougheed will offer for sale, by public auction, in the Village Office,
Village of Lougheed, Alberta, on Monday, February 29th, 2016, at 10:00 a.m., the
Redemption of a parcel of land offered for sale may be affected by certified payment
of all arrears, penalties and costs at any time prior to the auction.
Each parcel of land offered for sale will be subject to a reserve bid and to the
reservations and conditions contained in the existing certificate of title.
The lands are being offered for sale on an "as is, where is" basis, and the Municipality
makes no representation and gives no warranty whatsoever as to the suitability of the
lands for any intended use by the successful bidder.
GST will apply to all properties subject to GST sold at the auction.
The purchaser of the property will be responsible for property taxes for the current
The successful bidder must, at the time of the sale, make a non-refundable ten percent
(10%) deposit in cash, certified cheque or bank draft payable to the municipality, with
the balance of the purchase price due within thirty (30) days of the sale.
No terms or conditions of sale will be considered other than those specified by the
The auctioneer, councillors, the chief administrative officer and the designated
officers and employees of the municipality must not bid or buy any parcel of land
offered for sale, unless directed by the municipality to bid for or buy a parcel of land
on behalf of the municipality.
If no offer is received on a property or if the reserve bid is not met, the property
cannot be sold at the public auction.
Once the property is declared sold to another individual at public auction the previous
owner has no further right to pay the tax arrears.
The risk of the property lies with the purchaser immediately following the auction.
The purchaser will be required to execute a Sale Agreement in form and substance
provided by the municipality.
The purchaser is responsible for obtaining vacant possession.
The purchaser will be responsible for the transfer registration fee.
The municipality may, after the public auction, become the owner of any parcel of
land that is not sold at the public auction.
Colleen Mayne, Chief Administrative Officer.
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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