Aug 16,2018 Ontario Tax Sale Properties New Tecumseth

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Aug 16,2018 Ontario Tax Sale Properties New Tecumseth

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Fri Jul 20, 2018 9:27 pm

Aug 16,2018 Ontario Tax Sale Properties New Tecumseth

SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF NEW TECUMSETH

TAKE NOTICE that tenders are invited for the purchase of the
land described below and will be received until 3:00 p.m. local time
on August 16, 2018, at the New Tecumseth Municipal Office, 10
Wellington St. East, Alliston.

The tenders will then be opened in public on the same day as soon
as possible after 3:00 p.m. at the New Tecumseth Municipal Office, 10
Wellington St. East, Alliston.

Description of Land(s):

Roll No. 43 24 050 001 18878 0000; 8 William Smart Rd., Tottenham;
PIN 58168-0211 (LT); Lot 22 Plan 1632; S/T RO408695 New
Tecumseth; File No. 17-05
Minimum Tender Amount: $40,116.35

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.

Transfers of properties in this jurisdiction that contain at least one and
not more than six single family residences and are transferred to nonresidents
of Canada or foreign entities, are subject to the Province's
Non-Resident Speculation Tax (NRST).

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 any
taxes that may be applicable, such as a 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:

Rob Rosilius
Supervisor of Revenue/Tax Collector
The Corporation of the Town of New
Tecumseth
10 Wellington St. East
Alliston ON L9R 1A1
705-435-3900 Ext. 1257

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