Sale of Lands for Tax Arrears by Public Tender Sep 26,2018 Ontario Tax Sale properties Marathon SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF MARATHON
TAKE NOTICE that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on September 26, 2018 at the Town Office, 4 Hemlo Drive, Marathon, Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Town Office, 4 Hemlo Drive, Marathon, Ontario.
Description of Land(s):
Roll No. 5859 000 004 17700 0000 14 Peninsula Road PCL 23720 SEC TBF; PT LT 21 CON 9 PIC as in LT241925; MARATHON. BEING ALL OF PIN 62448-0441 (LT)
Minimum Tender Amount: $250,000.00
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 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 Town of Marathon
PO Bag TM; 4 Hemlo Drive
(807) 229-1340, extension 2231
Marathon, Ontario P0T 2E0