All tax sales on:
29 September 2007All tax sales from:
City of Port Colborne Sale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF PORT COLBORNE more info
TAKE NOTICE that tenders are invited for the purchase of land(s)
described below and will be accepted if sealed in an envelope and clearly
marked with the address, PIN (Property Identification Number) and the
Roll Number of the property for which the tender is submitted. A
separate tender must be submitted for each property.
Tenders will be received ONLY at the City of Port Colborne Municipal
Office, City Clerk’s Office, 1st Floor, 66 Charlotte Street, Port Colborne,
Ontario, L3K 3C8, until 3:00 p.m. local time on Monday October 15,
2007. The tenders will then be opened in public on the same day at 3:15
p.m. at the City of Port Colborne Municipal Office, Committee Room,
3rd Floor, 66 Charlotte Street, Port Colborne, Ontario. L3K 3C8.
Description of Land:
Part Lots 17 & 18, Plan 849, East side of Fares St., and Part Lots 17 &
18, Plan 849, West side of Mitchell St., City of Port Colborne, Regional
Municipality of Niagara (No.59). Being the lands in Instrument No.
RO716330. Being all of the PIN.
PIN: 64164-0108 (LT)
Municipal Address: 227 Fares St
Industrial Property
Roll No: 2711-020-008-06200-0000
Assessed Value: 179,000
2007 Annual Property Taxes: $11,951.72
Site Area: 123.75 x 174.00 more or less
Minimum Tender Amount: $86,424.93
The sale of these properties is subject to cancellation up to the time that a
deed is registered, without any further notice.
The Minimum Tender amount represents the cancellation price as
of the first day of advertising.
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
City of Port Colborne and representing at least 20 per cent of the tender
amount.
The municipality makes no representation regarding the title to or
any other matters relating to the land(s) to be sold, including but not
limited to the potential existence of environmental contamination,
estates and interests of the federal or provincial governments or
their agencies, easements and restrictive covenants, and interests
acquired by adverse possession. Responsibility for ascertaining these
matters rests with the potential purchasers.
The properties are to be sold as is. The lands and/or premises may
contain contaminants. The vendor will not provide any warranties
or assurances concerning the environmental quality of the lands
and/or premises being sold.
This sale is governed by the Municipal Act, 2001 and the Municipal Tax
Sales Rules made under the Act. The successful purchaser will be
required to pay the amount tendered plus accumulated taxes, penalties
and interest, GST 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:
DAVID JANASZEK, Senior Tax Clerk
The City of Port Colborne
66 Charlotte Street,
Port Colborne, Ontario, L3K 3C8
(140-P289) (905) 835-2900
Municipal Act, 2001