SALE OF LAND BY PUBLIC TENDER

THE CORPORATION OF THE

MUNICIPALITY OF MARMORA AND LAKE

Oct 25,2018 Ontario tax sale properties Marmora

and Lake TAKE NOTICE that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on October 25, 2018, at the Marmora and Lake Municipal Office, 12 Bursthall Street, Marmora Ontario

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Marmora and Lake Municipal Office, 12 Bursthall Street, Marmora

Description of Land(s):

Roll No. 12 41 141 015 05205 0000; PIN 40161-0164 (LT); Part Lot 12 Concession 2 Marmora; File No. 17-04

According to the last returned assessment roll, the assessed value of the land is $23,750

Minimum Tender Amount: $5,033.70

Roll No. 12 41 144 010 05900 0000; 1 Private Rd., Marmora; PIN 40179-0287 (LT); File No. 17-10

According to the last returned assessment roll, the assessed value of the land is $57,000

Minimum Tender Amount: $29,545.33

Roll No. 12 41 242 015 22601 0000; 20 Bursthall St., Marmora; PIN 40176-0154 (LT); File No. 17-11

According to the last returned assessment roll, the assessed value of the land is $308,500

Minimum Tender Amount: $25,274.73

Tenders must be submitted in the prescribed form and must be accompanied by a deposit of at least 20 per cent of the tender amount, which deposit shall be made by way of a certified cheque/bank draft/ money order payable to the municipality.

Except as follows, the municipality makes no representation regarding the title to, crown interests or any other matters relating to the lands 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 and HST.

The municipality has no obligation to provide vacant possession to the successful purchaser.

A copy of the prescribed form of tender is available on the website of the Government of Ontario Central Forms Repository under the listing for the Ministry of Municipal Affairs.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Alexander Kelly, CPA

Municipal Treasurer

The Corporation of the

Municipality of Marmora and Lake

12 Bursthall Street

P.O. Box 459

Marmora ON K0K 2M0

613.472.2629 ext 2224