Sale of Land by Public Tender – Tecumseh

Sale of Land by
Public Tender –
Tecumseh


SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF TECUMSEH

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 Wednesday, August 2, 2017, at the Municipal Office, 917 Lesperance Road, Tecumseh, ON N8N 1W9.

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, 917 Lesperance Road, Tecumseh

Aug 2,2017 Ontario Tax Sale properties Tecumseh Description of Land(s): ROLL NO. 37 44 570 000 03260 0000, 2065 EUGENI ST, PIN 752440163 LT, LT 50 PL 12M259; SANDWICH SOUTH, FILE EXTH15004-TT

Minimum Tender Amount: $50,715.29

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

Mr. Tom Kitsos, CPA, CMA,

Deputy Treasurer

The Corporation of the Town of Tecumseh

917 Lesperance Road

Tecumseh, ON N8N 1W9

(519) 735-2184 Ext. 125

 

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