SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF ORILLIA
Sale of Lands for Tax Arrears by Public Tender
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 July 13, 2017, 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 52 010 102 20800 0000; 58 Scott St., Orillia; PIN 586690042 (LT); Lot 25 East Side Scott St, 36 West Side Lane Plan 407 Orillia; Orillia. File No. 15-16
Minimum Tender Amount: $33,327.87
Roll No. 43 52 010 102 16900 0000; 61 Front St. S, Orillia; PIN 586680061 (LT); Part Lot 20 East Side Matchedash St Plan 12 AKA Plan 58 Orillia as in RO1225665: Orillia. File No. 16-05 Minimum Tender Amount: $67,816.87
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(s) 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.
Transfers of properties in this jurisdiction that contain at least one and not more than six single family residences and are transferred to nonresidents of Canada or foreign entities, are subject to the Province's Non-Resident Speculation Tax (NRST).
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