August 16, 2016 Tax sale properties Red Deer – Alberta
Tax sale properties Red Deer – Alberta
Public Sale of Land
(Municipal Government Act)
The City of Red Deer
Notice is hereby given that, under the provisions of the Municipal Government Act,
The City of Red Deer will offer for sale, by public auction, in the Crimson Star
meeting room at City Hall, 4914 48 Avenue, Red Deer, Alberta, on Tuesday, August
16th, 2016, at 9:00 a.m., the following privately owned property:
Lot
Block
Plan
C of T
178
18
0425420
082283642
1A
14
7621978
992231826
Manufactured Homes Only: Situated on the following rented lots
Lot
Block
Plan
Site #
8
9
7722780
806
A
7821023
149
A
7821023
167
A
7821023
246
33
5
7521367
29
33
5
7521367
38
All properties offered for sale by Public Auction are viewed externally and an
estimate of the market value of each property has been made based on that review.
This estimate of market value is used as the reserve bid and it represents the minimum
bid that will be accepted at Auction. All sales will be subject to a reserve bid.
Reserve bid values will be available 30 days prior to Auction from the City Revenue
& Assessment Services department. Purchaser will acquire the property free of
encumbrances, subject to those exceptions listed in sections 423 and 436.14 of the
Municipal Government Act.
The properties will be sold strictly on an "as is, where is" basis. The City of Red
Deer makes no representation and gives no warranty as to the adequacy of services,
soil conditions, land use districting, building and development conditions, absence or
presence of environmental contamination, or the developability of the subject
property for any intended use by the Purchaser. If the Land is occupied by a tenant in
possession under a lease or rental agreement, the obligation and expense of obtaining
vacant possession shall be the Purchasers'.
Only cash sales will be accepted or sales requiring loan funding which does not
involve encumbering of the purchased lands and provides for closing funds upon the
required closing date in the same manner as a cash sale. Vendor financing or
financing using third party mortgages or encumbrances upon the purchased lands, or
other similar financing arrangements, cannot be accommodated.
Purchase price payable by non-refundable deposit equal to 10% of purchase price due
on Auction Date, with the balance of the purchase price due on closing. Payments by
cash, bank draft or certified cheque only. Closing date for all sales will be 60 days
after Auction Date, unless otherwise agreed to by the City. Successful bidder agrees
to be bound by the Terms and Conditions of the City's Standard Tax Sales
Agreement, a copy of which will be included in Bidder's Packages on Auction Date
and can be obtained 30 days prior to Auction Date from Revenue & Assessment
Services. Purchase price includes all taxes, rates, fees and charges accrued to
Closing Date. Purchaser responsible for payment of all taxes, rates, charges, and fees
for the property, after Closing Date.
The City of Red Deer may become the owner of any property not sold at the Auction.
In the event that payment of the arrears of taxes and costs is received by The City
prior to the Public Auction, the property in question will not be offered for sale. There
is no right to pay tax arrears after the property is declared sold.
Dated at Red Deer, Alberta, June 13th, 2016.
Trista Mowat, Property Tax Specialist.
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.
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