Public Sale of lands, City of Lethbridge, Alberta Canada

Public Sale of lands, City of Lethbridge, Alberta Canada
 


City of Lethbridge

Notice is hereby given that, under the provisions of the Municipal Government Act,
the City of Lethbridge will offer for sale, by public auction, in the Culver City Room
(Room 147) on the main floor of City Hall, 910 – 4 Avenue South, Lethbridge,
Alberta, on Thursday, April 6, 2017,
at 11:00 a.m., the following parcels of land:

Plan
Block
Lot/Unit
Civic Address

0814675
26
5
56 Sixmile Rd S
9512521
8
4
55 Fairmont Cres S
4209GG
14
17
430 28 St S
5728S
9
11
1247 8A Ave S
2606T

7
1247 8A Ave S
1950P

1,2
1261 9 Ave S
9311275
8
2
1 Athabasca Way W
9412103
6
26
98 Assiniboia Way W
0210784
14
24
133 Blackfoot Cir W
7710882
29
10
112 Eton Rd W
7510445
8
70
26 Layfayette Pl W
7710705
31
55
151 Temple Cres W
9812459
14
3
18 Squamish Crt W
9311346
14
2
7 Cougar Rd N
7911326
1
23
23 Staffordville Cres N
1112230
14
19
715 Marie Van Haarlem Cres N
246T
A
8-10
730 17 St N
625C

25
1501 4 Ave N
5347FV

21
1712 6 Ave N


Each property will be offered for sale subject to a reserve bid and to the following

Terms and Conditions:

The properties are being offered for sale on an "as is, where is" basis and the City of
Lethbridge makes no representation and gives no warranty whatsoever as to the
adequacy of services, soil conditions, zoning, building and development conditions,
absence or presence of environmental contamination, vacant possession, or the
development potential of the lands for any intended use by the successful bidder.
The successful bidder has a right to a clear title with some exceptions. Section
423(1)(a) to (h) of the MGA states "a person who purchases a parcel of land at a
public auction acquires the land free of all encumbrances, except (a) encumbrances
arising from claims of the Crown in right of Canada, (b) irrigation or drainage
debentures, (c) caveats referred to in section 39(12) of the Condominium Property
Act, (d) registered easements and instruments registered pursuant to section 69 of the
Land Titles Act, (e) right of entry orders as defined in the Surface Rights Act
registered under the Land Titles Act, (f) a notice of lien filed pursuant to section 38 of
the Rural Utilities Act, (g) a notice of lien filed pursuant to section 20 of the Rural
Electrification Loan Act, and (h) liens registered pursuant to section 21 of the Rural
Electrification Long-term Financing Act."

The purchaser of the property will be responsible for property taxes for the current
year.
The successful bidder must, at the time of the sale, make a non-refundable ten
percent (10%) deposit payable to the municipality, with the balance of the purchase
price due on closing date.

Closing date for all sales will be fourteen (14) days after Auction Date.
Goods and Services Tax (GST) will apply to all vacant parcels of land sold at the
Public Auction.

No terms or conditions of the sale will be considered other than those specified by the
municipality.

Payments by cash, certified cheque or bank draft only. Vendor financing or financing
using third party mortgages or encumbrances upon the purchased lands, or other
similar financing arrangements, cannot be accommodated.

The auctioneer, councilors, the chief administrative officer and the designated officers
and employees of the municipality must not bid or buy any property 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 of possession by paying 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 City of Lethbridge may, after the public auction, become the owner of any
property that is not sold at the public auction.

A property will be removed from the Public Auction if payment of all arrears of taxes
and costs occurs at any time prior to the sale.

Dated at Lethbridge, Alberta, February 15, 2017.
Larry Laverty, Assessment and Taxation Manager.

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.

Flipping for instant profit LIVE Real Estate Crash Course/Seminar
Reserve your seat now at
www.Flipping4Profit.ca

Be Sociable, Share!