SALE OF LAND BY PUBLIC TENDER
Nov 7,2018 Ontario tax sale properties Welland
THE CORPORATION OF THE CITY OF WELLAND 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 7, 2018 at the Treasurer’s Office, City of Welland, 60 East Main Street, Welland, Ontario.
The tenders will then be opened in public on the same day at 3:15 p.m.
at City of Welland, 60 East Main Street, Welland, Ontario.
Description of Land(s):
Roll No. 2719 040 013 06700 0000
PIN 64113-0170 (LT)
PT LTS 41 & 42 PL 586 AS IN RO705393; Welland in the City of Welland
in the Regional Municipality of Niagara Frontage 41.89 ft., Depth: 132.0 ft.
Municipal Address: 44 Cady St
2018 Current Value Assessment â€“ 123,500 Class: Residential
Minimum Tender Amount: $16,387.33
(set out the cancellation price as of the first day of advertising) 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 or credit union 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 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:
Steve Zorbas, CPA, CMA, B.Comm, DPA
General Manager, Corporate Services/Chief Financial Officer/Treasurer
The Corporation of the
City of Welland
60 East Main Street
Welland, ON L3B 3X4