SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE
MUNICIPALITY OF STRATHROY-CARADOC
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 Tuesday, August 8, 2017, at the Municipal Office, 52 Frank Street, Strathroy, ON N7G 2R4.
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, 52 Frank Street, Strathroy.
Aug 8,2017 Ontario Tax Sale properies Strathroy-Caradoc Description of Land(s): ROLL NO. 39 16 000 020 19200 0000, 378 ADELAIDE ST, STRATHROY, PIN 09607-0145 LT, PT LT 97, BEING THE S 1/2 OF THE E 1/2 & PT LT 98, BEING THE E 1/2, PL 294; MUNICIPALITY OF STRATHROYâˆ’CARADOC/STRATHROY, FILE No. MXSC16-008-TT
Minimum Tender Amount: $18,219.47
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.
Note: H.S.T. may be payable by successful purchaser.
For further information regarding this sale and a copy of the prescribed form of tender contact:
The Corporation of the
Municipality of Strathroy-Caradoc
52 Frank Street
Strathroy, ON N7G 2R4
(519) 245-1105 Ext. 227