SALE OF LAND BY PUBLIC TENDER – The Corporation of the City of Niagara Falls
TAKE NOTICE that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on July 6, 2016, at the Niagara Falls City Hall, 4310 Queen Street, Niagara Falls Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Niagara Falls City Hall, 4310 Queen Street, Niagara Falls.
Roll No. 27 25 070 011 00200 0000; 6236 Culp St; PIN 64356-0073(LT); Part Lot 76 Plan 40 Stamford; Part Lot 77 Plan [b]40 Stamford [/b]as in RO322423; S/T debts in RO322423; Niagara Falls; subject to Execution 98-01652, if enforceable; File No. 15-07
Minimum Tender Amount: $19,473.00
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, crown interests, environmental concerns or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.
The land was previously advertised for a sale to be held on the 11th day of May, 2016 but the sale was postponed.
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.
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, contact:
Coordinator of Tax
The Corporation of the City of Niagara Falls
4310 Queen Street
P.O. Box 1023
Niagara Falls ON L2E 6X5
(905) 356-7521 X 4302
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.
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