Notice is hereby given that, under the provisions of the Municipal Government Act, The Town of Bowden will offer for sale, by public auction, at the Town Office, 2101 – 20 Avenue, Bowden, Alberta, on Wednesday, October 11, 2017, at 10:00 a.m., the following lands:
C of T
061 354 611
101 104 940
Each parcel of land offered for sale at the Public Auction will be subject to a reserve bid. Redemption of a parcel of land offered for sale may be effected by certified payment of all arrears of taxes, penalties and costs at any time prior to the date of Public Auction.
The Town of Bowden may, after the Public Auction, become the
owner of any parcel of land that is not sold at the Public Auction.
Terms and Conditions of Sale for the Public Auction: Purchase price payable by 10% deposit and balance payable within 30 days of the date of Public Auction. GST will apply to all applicable lands sold at the Public Auction. The Closing Date shall be 30 days after the date of the Public Auction. The successful bidder shall take title subject to the conditions and reservations contained in the existing certificate of title and specifically all registrations registered, as of the date of the Public Auction. The possession and adjustment date shall be the Closing Date. As of the Closing Date the successful bidder shall be responsible for the payment of all taxes, rates, levies, charges, local improvement charges, assessments, utility charges and hook-up fees, with respect to the lands sold. All adjustments for rent or other profits or items commonly adjusted on a sale of real property with respect to the lands sold shall be made as of the Closing Date.
The successful bidder shall be responsible for and shall assume all liability for the refund of all security deposits or fees and applicable interest thereon, which as of the Closing Date, shall be owing and payable to the landlord, pursuant to the Residential Tenancies Act, R.S.A. 2000, c.R-17, with respect to the lands sold and all condominium contribution or fees which, as of the Closing Date, shall be owing and payable, pursuant to the Condominium Property Act, R.S.A. 2000, c.-22, with respect to the lands sold.
The lands are being offered for sale on an “as is, where is” basis and The Town of Bowden makes no representation and gives no warranty whatsoever as to the adequacy of services, soil conditions, land use districting, building and development conditions, absence
or presence of environmental contamination, vacant possession, or the develop ability of the lands for any intended use by the successful bidder. No bid will be accepted where the bidder attempts to attach conditions to the sale of any parcel of land.
No terms and conditions of sale will be considered other than those specified by The Town of Bowden. The successful bidder shall be required to execute a Sale Agreement in a form and content acceptable by the Town of Bowden.
The Sale Agreement and Terms and Conditions of Sale will be available at the Town Office, 10 days prior to the date of the Public Auction.
Please contact the Town Office by calling 403-224-3395 for any further inquiries regarding the Public Auction.
James Mason, Chief Administrative Officer.
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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