SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF MARATHON Jan 24,2018 Ontario Tax Sale properties 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 January 24, 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.
Jan 24,2018 Ontario Tax Sale properties Town of Marathon Description of Land(s):
Roll No. 5859 000 004 22420 0000 65 Peninsula Road PCL 21043 SEC TBF; PT LT 20 CON 10 PIC; PT 4 55R5144; Marathon BEING ALL OF PIN 62448-0488 (LT) Minimum Tender Amount: $7,637.10
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
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.