Sale of Land for Tax Arrears By Public Tender
Ventes de terrains par appel d'offres pour arriéré d'impôt
MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWNSHIP OF NIPIGON
TAKE NOTICE that tenders are invited for the purchase of the Mar 11, 2016 Tax sale properties Nipigon – Ontario land(s) described below and will be received until 3:00 p.m. local time on Friday, March 11, 2016, at the Township of Nipigon Municipal Office, 52 Front Street, Nipigon, Ontario.
Mar 11, 2016 Tax sale properties Nipigon – Ontario
Description of Land(s):
161 Railway Street, LT 26 BLK 2 PL 24 Nipigon; s/t Execution 03-00350, if enforceable; s/t Execution 03-00673, if enforceable; Nipigon being all f PIN 62469-0626 (LT) Township of Nipigon, District of Thunder Bay.
Note: Property may be subject additional Provincial and/or Federal Interests.
Minimum Tender Amount: $77,734.95
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 or any other matters relating to the land to be sold.
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.
For further information regarding this sale and a copy of the prescribed form of tender contact:
The Corporation of the Township of Nipigon
52 Front Street
P.O. Box 160
Nipigon, Ontario P0T 2J0
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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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