MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER – THE CORPORATION OF THE CITY OF ST. THOMAS
TAKE NOTICE that tenders are invited for the purchase of the Tax sale properties St. Thomas – Ontario land(s) described below and will be received until 3:00 p.m. local time on September 7, 2016, at St. Thomas City Hall, 545 Talbot Street, Ontario.
The tenders will then be opened in public on the same day by 3:30 p.m.
Tax sale properties St. Thomas – Ontario
PT LT 13 S/S KAINS ST, 14 S/S KAINS ST PL 43 YARMOUTH AS IN E230487; S/T E230487; S/T EXECUTION 94-0009766, IF ENFORCEABLE; ST. THOMAS being the whole of PIN 35176-0009 (LT) and known municipally as 46 Kains Street
Minimum Tender Amount: $23,659.19
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 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 City of St. Thomas
545 Talbot Street
P.O. Box 520
St. Thomas, Ontario N5P 3V7
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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