sale of land by public tender
The Corporation of the Township of Otonabee-South Monaghan
take notice that tenders are invited for the purchase of the Tax Sale Properties Otonabee-South Monaghan-Ontario land described below and will be received until 3:00 p.m. local time on November 23, 2016, at the Otonabee-South Monaghan Municipal Office, 20 Third Street, Keene Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Otonabee-South Monaghan Municipal Office, 20 Third Street, Keene.
Tax Sale Properties Otonabee-South Monaghan-Ontario
Description of Land(s):
Roll No. 15 06 020 020 11700 0000; 336 Rainbow Dr, Bailieboro; PIN 28023-0081(LT); Part Lot 17 Concession 1 S Monaghan as in R608725; T/W SMO108572; Otonabee-South Monaghan; File No. 15-04
Minimum Tender Amount:$18,607.81
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, crown interests 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, 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:
Acting Treasurer/Office ManagerThe Corporation of the Township of Otonabee-South Monaghan
PO Box 70
20 Third Street
Keene ON K0L 2G0
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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