The Corporation of the City of Port Colborne
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 November 30, 2017, at the City of Port Colborne Municipal Office, 66 Charlotte Street, Port Colborne Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m.. at the City of Port Colborne Municipal Office, 66 Charlotte Street, Port Colborne.
Ontario tax sale properties Port Colborne
Nov 30,2017 Ontario tax sale properties Port Colborne Description of Land(s):
Roll No. 27 11 010 022 11300 0000; 101 Elgin St., Port Colborne;
PIN 64156-0085(LT); Lot 57 and
Part Lot 56 Plan 780 Humberstone as in RO634416; Port Colborne.
File No. 16-08
Minimum Tender Amount:
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% 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.
Transfers of properties in this jurisdiction that contain at least one and not more than six single family residences and are transferred to non-residents of Canada or foreign entities, are subject to the Province’s Non-Resident Speculation Tax (Nrst).
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, HST if applicable 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 City of Port Colborne Municipal Office
66 Charlotte Street
Port Colborne ON L3K 3C8
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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