Ottawa Sale of Land By Public tender Aug 20,2013

SALE OF LAND BY PUBLIC TENDER

CITY OF OTTAWA

UNDER AND BY VIRTUE OF a judgment issued out of the Superior

Court of Justice at Ottawa and dated August 10th, 2012, Court file no. 12-

54357, pursuant to a mortgage given by the defendant 1252352 Ontario

Limited to the plaintiff, Michel Gibeau, the interest of the defendant and

the plaintiff and all subsequent encumbrancers in the lands and premises

described below are to be sold under supervision of the court.

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

Elgin St., Ottawa, Ontario, K2P 2K1. The tenders will then be opened in

public at 4:00 p.m. in Motion Room 51 in the said court house.

Description of Land(s):

PIN 04352-0335 (LT)

PT LT 1 CON 4 OF GLOUCESTER PART 1, 5R6906; CITY OF OTTAWA

(FORMERLY CITY OF GLOUCESTER)

municipally known as 3628 Navan Road

Minimum Tender Amount: $1,000,000.00

CONDITIONS:

No representation is made concerning the condition of the lands, the title

or the zoning and the purchaser must satisfy itself and take the premises

“as is”. The site is currently licenced as a waste disposal site and must be

closed in a manner satisfactory to the Ministry of the Environment. The

Ministry apparently holds a performance bond which may be available but

the proposed purchaser must satisfy itself in that regard.

The balance of the purchase price will be due on the closing date proposed

in the tender which must be no later than November 29th, 2013. A vesting

order will be granted only upon the purchaser paying the full purchase

price into court.

Offers may contain reasonable conditions or terms of payment but bids

will be assessed on the basis not only of price but also on the basis of

certainty and timing of the closing date. For example, and unconditional

offer closing within thirty (30) days with payment in full upon closing

would be a superior offer.

Tenders must be submitted in the form of an irrevocable offer to purchase

and must be accompanied by a deposit in the form of cash, bank draft or

certified cheque payable to the Accountant of the Superior Court of Justice

in an amount which is at least 10% of the tender amount.

Office of the Master

Superior Court of Justice

Room 5022, The Court House,

121 Elgin St., Ottawa, Ontario

(146-P189) K2P 2K1