Sale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF ELLIOT LAKE
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 July
14, 2006 at THE MUNICIPAL OFFICES.
The tenders will then be opened in public on the same day at 3.15 P.M.
45 Hillside Drive North, Elliot Lake, in the Council Chambers.
Description of the Land:
Parcel 3207 AES Algoma East Section Plan
M152 Block E Part RP 1R5267 Parts 2 and 3
25 Willoughby, 90 – 100 Hillside Drive N
3 Multi Units Complex, Partly Occupied
The Corporation of the City of Elliot Lake
Minimum Tender Amount: $ 174,059.37
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.
The Municipal Act, 2001, governs this sale and the Municipal Tax Sales
Rules made under that 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:
REJEAN GAUTHIER
Deputy Tax Collector
The Corporation of the City of Elliot Lake
45 Hillside Drive North
Elliot Lake, ON P5A 1X5
(139-P200) 705-461-7249
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