THE CORPORATION OF THE TOWN OF LINCOLN
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 Wednesday, November 29, 2017, at the Town Hall, 4800 South Service Road, Beamsville, ON L0R 1B1.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Lincoln Municipal Offices, 4800 South Service Road, Beamsville.
Ontario Tax Sale properties Town of Lincoln
Nov 29,2017 Ontario Tax Sale properties Town of Lincoln Description of Land(s):
ROLL NO. 26 22 030 006 13110 0000, PIN 46127-0207 LT, PT LT 23 CON 2 LOUTH PT 2, 30R11459; TOWN OF LINCOLN, FILE NALN16-018-TT
Minimum Tender Amount: $18,117.13
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 (or board) and representing at least 20 per cent of the tender amount.
Except as follows, the municipality makes no representation regarding the title to, existing interests in favour of the Crown, environmental concerns or any other matters relating to the land(s) to be sold. Any existing Federal or Provincial Crown liens or executions will remain on title and may become the responsibility of the potential purchaser.
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.
H.S.T. may be payable by the successful purchaser.
15% Non-Resident Speculation Tax (NRST) applies to the value of the consideration for a transfer of residential property located in the Greater Golden Horseshoe Region which contains at least one and not more than six single family residences if any one of the transferees is a non-resident of Canada, foreign entity or taxable trustee.
For further information regarding this sale and a copy of the prescribed form of tender contact.
Ms. Caterina Giacoboni
The Corporation of the Town of Lincoln
4800 South Service Road
Beamsville, ON L0R 1B1
(905) 563-8205 Ext. 224
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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