Sale of Lands for Tax Arrears
by Public Tender
Ventes de terrains par appel d’offres
pour arriéré d’impôt
Municipal Act, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF ORILLIA
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
12
January 2005, at the Orillia City Centre, 50 Andrew St. South, Orillia,
Ontario L3V 7T5.
The tenders will then be opened in public on the same day at the Orillia
City Centre, 50 Andrew St. South, Orillia, Ontario L3V 7T5.
Description of Land: Roll No. 43 52 010 104 15800 0000 PIN 58670-
0025(LT) Block A, E, F, G, H Plan 1269 City of Orillia County of
Simcoe (No. 51) File No. 03-21
Minimum Tender Amount $ 149,282.38
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 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.
Note: G.S.T. may be payable by successful purchaser.
For further information regarding this sale and a copy of the prescribed
form of tender contact:
MR. BOB RIPLEY
Treasurer
The Corporation of the City of Orillia
Orillia City Centre
50 Andrew St. South
Orillia, Ontario L3V 7T5
(137-P360) (705) 329-7242
|
