Municipal Act, 2001
Sale of Land by public tender – The Corporation of the Municipality of Red Lake
Take notice that tenders are invited for the purchase of the Tax sale properties Red Lake – Ontario lands described below and will be received until 3:00 p.m. local time on August 17, 2016, at the Red Lake Municipal Office, 2 Fifth Street, Balmertown Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Red Lake Municipal Office, 2 Fifth Street, Balmertown.
Tax sale properties Red Lake – Ontario
Roll No. 60 41 410 002 15000 0000; 36 Blende St, Red Lake; PIN 42009-0415(LT); Parcel 3625 Section DPF; Lot 197 Plan M355 excepting thereout and therefrom all ores, mines or minerals which are or shall hereafter be found on or under said lands, Red Lake. File No. 14-01
Minimum Tender Amount: $22,639.29
Roll No. 60 41 950 010 08900 0000; 12 Shephard St, Madsen; PIN 42005-0137(LT); Parcel 6124 Section DPF Surface Rights Only; Lot 17 Plan M667 Subject to LT123738 amended by LT155422; Subject to LT123737; Red Lake. File No 14-06
Minimum Tender Amount: $13,973.52
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 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:
The Corporation of the Municipality of Red Lake
P.O. Box 1000–2 Fifth Street
Balmertown Ontario P0V 1C0
(807) 735-2096 Ext. 222
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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