Sale of Lands for Tax Arrears by Public Tender Mar 8,2018 Ontario tax sale properties Owen Sound
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF OWEN SOUND
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 Thursday, March 8, 2018, at the City Hall, 945 3rd Ave. E., Suite 220, Rm #3, Owen Sound, ON N4K 2K8.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the City Hall, 945 3rd Ave. E., Suite 220, Rm #3, Owen Sound.
Description of Land(s):
ROLL NO. 42 59 020 015 04100 0000, 568 9TH ST A W, PIN 37074âˆ’0013 LT, PT LT 35âˆ’36 PL 52 OWEN SOUND AS IN R453412; OWEN SOUND, FILE GYOS15-016-TT
Minimum Tender Amount: $24,318.70
ROLL NO. 42 59 040 030 06200 0000, 260 8TH ST E, PIN 37073-0069 LT, PT LT 12 W/S SCROPE ST PL OWEN SOUND AS IN R439945; T/W R439945; DESCRIPTION MAY NOT BE ACCEPTABLE IN FUTURE AS IN R439945; OWEN SOUND, FILE GYOS15-030-TT Minimum Tender Amount: $139,925.78
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 (or board) and representing at least 20 per cent of the tender amount.
Except as follows, the municipality makes no representation regarding the title to, existing interests in favour of the Crown, environmental concerns or any other matters relating to the land(s) to be sold. Any existing Federal or Provincial Crown 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.
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 and the relevant land transfer tax.
The municipality has no obligation to provide vacant possession to the successful purchaser.
H.S.T. may be payable by the successful purchaser.
For further information regarding this sale and a copy of the prescribed form of tender contact:
Deputy Treasurer/Tax Collector
The Corporation of the City of Owen Sound
945 3rd Ave. E.
Suite 220, Rm #3
Owen Sound, ON N4K 2K8
(519) 376-4440 Ext. 1248