MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF GREATER NAPANEE
TAKE NOTICE that tenders are invited for the purchase of the lands Tax sale properties Greater Napanee – Ontario described below and will be received until 3:00 p.m. local time on April
14, 2016, at the Municipal Office, 124 John St., Napanee Ontario.
Tax sale properties Greater Napanee – Ontario
Description of Land(s):
Roll No. 11 21 050 030 01100 0000; PIN 45088-0152(LT); Lots 1-18 Plan
1176; Town of Greater Napanee. File No. 14-01
Minimum Tender Amount: $295,483.11
Roll No. 11 21 050 030 05800 0000; PIN 45088-0069(LT); Lots 31-
39, 48-54 and Blocks 56-57 Plan 1176; Lots 45-46 Plan 1175; Greater
Napanee. File No. 14-02
Minimum Tender Amount: $654,853.08
Roll No. 11 21 050 030 08000 0000; PIN 45088-0064(LT); Lots 40-47
Plan 1176; Greater Napanee. File No. 14-08
Minimum Tender Amount: $222,980.12
Tenders for Tax sale properties Greater Napanee – Ontario 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 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, 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:
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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