Sep 6,2018 Ontario Tax Sale Properties City of Thorold SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF THOROLD
TAKE NOTICE that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on September 6, 2018, at the Thorold City Hall, 3540 Schmon Pkwy, Thorold Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Thorold City Hall, 3540 Schmon Pkwy, Thorold.
Description of Land(s):
Roll No. 27 31 000 026 03760 0000; PIN 64055-0503 (LT); Part Township Lot 74 Thorold; Part Township Lot 97 Thorold; Part Road Allowance between Township Lot 73 & Township Lot 74 Thorold; Part Road Allowance between Township Lot 74 & Township Lot 97 Thorold; Part Road Allowance between Township Lot 96 & Township Lot 97 Thorold designated as Part 2 on Plan 30R11620; Thorold; File No. 17-13
Minimum Tender Amount: $14,390.67
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 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 any taxes that may be applicable, such as a 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:
Mike Lostracco, CMA
Manager of Revenues & Accounting
The Corporation of the City of Thorold
P.O. Box 1044
3540 Schmon Pkwy
Thorold ON L2V 4A7
905-227-6613 Ext. 238